Canada Biodegradable Plastic Market Size & Outlook
Canada biodegradable plastic market, 2018-2030 (US$M)
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Canada biodegradable plastic market highlights
- The Canada biodegradable plastic market generated a revenue of USD 262.2 million in 2023 and is expected to reach USD 870.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.7% 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 262.2 million |
| Market revenue in 2030 | USD 870.0 million |
| Growth rate | 18.7% (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, Canada accounted for 3.7% 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 North America, U.S. biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,764.0 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 42.72% in 2023. Horizon Databook has segmented the Canada biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
Canada significantly contributes to the demand for biodegradable plastics in North America, owing to its supportive government laws. The textile segment in Canada is expected to grow, owing to increased opportunities.
Such as smart fabrics and textiles that assimilate digital monitoring components in various applications, such as athletic and health performance, which is further anticipated to create significant demand for biodegradable plastics.
The government of Canada announced a ban on the manufacturing and imports of single-use plastic products, including produce bags and cutlery (including stir sticks and straws) produced from non sustainable plastics.
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Target buyers of Canada 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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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 Canada biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Canada biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biodegradable plastic market size, by product, 2018-2030 (US$M)
Canada Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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