Brazil Biodegradable Plastic Market Size & Outlook
Brazil biodegradable plastic market, 2018-2030 (US$M)
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Brazil biodegradable plastic market highlights
- The Brazil biodegradable plastic market generated a revenue of USD 172.8 million in 2023 and is expected to reach USD 579.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 18.9% 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.
Biodegradable plastic market data book summary
| Market revenue in 2023 | USD 172.8 million |
| Market revenue in 2030 | USD 579.7 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.5% of the global biodegradable plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 159.5 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 39% in 2023. Horizon Databook has segmented the Brazil biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest economy in Central & South Africa. The presence of inexpensive raw materials in Brazil is expected to have a positive impact on the market growth over the forecast period.
Recently, the city of Sao Paulo banned the use of traditional plastic bags, and many other cities in the country are expected to follow suit.
The Ministry of Environment of Brazil started a campaign named Saco é um saco to reduce the consumption of conventional plastic bags in the country.
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Target buyers of Brazil biodegradable plastic market databook
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Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the Brazil biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil biodegradable plastic market size, by product, 2018-2030 (US$M)
Brazil Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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