Asia Pacific Biodegradable Plastic Market Size & Outlook
Asia Pacific biodegradable plastic market, 2018-2030 (US$M)
Related Markets
Asia Pacific biodegradable plastic market highlights
- The Asia Pacific biodegradable plastic market generated a revenue of USD 1,365.8 million in 2023.
- The market is expected to grow at a CAGR of 21.9% from 2024 to 2030.
- In terms of segment, starch based was the largest revenue generating product in 2023.
- Starch Based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,365.8 million |
| Market revenue in 2030 | USD 5,460.8 million |
| Growth rate | 21.9% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBS, PBAT, PHA, Polycaprolactone |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.5% of the global biodegradable plastic market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,460.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific biodegradable plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic market will help companies and investors design strategic landscapes.
Starch based was the largest segment with a revenue share of 40.55% in 2023. Horizon Databook has segmented the Asia Pacific biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is characterized by a large number of skilled labor at low cost coupled with easy land availability for manufacturing industries. The shift in the production landscape of biodegradable plastics toward emerging economies, particularly China and India, is expected to positively influence the market growth in the region over the forecast period.
Moreover, the rising demand for plastics across Southeast Asian countries, including Thailand, for several packaging applications is expected to boost the demand for biodegradable plastic packaging. According to the Thai Bioplastics Industry Association (TBIA).
The country has a high potential for biodegradable plastic production, owing to the presence of an abundant supply of raw materials, such as sugarcane and cassava. Rapid industrialization, coupled with government support for domestic manufacturing.
Reasons to subscribe to Asia Pacific biodegradable plastic market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific biodegradable plastic market databook
-
Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific biodegradable plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific biodegradable plastic market size, by country, 2018-2030 (US$M)
Asia Pacific Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
