China Biodegradable Plastic Market Size & Outlook
China biodegradable plastic market, 2018-2030 (US$M)
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China biodegradable plastic market highlights
- The China biodegradable plastic market generated a revenue of USD 658.8 million in 2023 and is expected to reach USD 2,967.9 million by 2030.
- The China market is expected to grow at a CAGR of 24% 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 658.8 million |
| Market revenue in 2030 | USD 2,967.9 million |
| Growth rate | 24% (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, China accounted for 9.4% 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 Asia Pacific, China biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,967.9 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 39.22% in 2023. Horizon Databook has segmented the China biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
China dominated the Asia Pacific biodegradable plastics market, in terms of both revenue and volume, in 2023. The market in China is anticipated to record significant growth over the forecast period owing to the rising demand for the product in several applications.
Including packaging, automotive & transport, agriculture, consumer goods, building & construction, and textiles. China is one of the prominent consumers of non-alcoholic beverages across the globe.
This factor contributes to the rising demand for biodegradable plastics in the packaging industry in the country. The country is also one of the biggest consumers of packaged food products.
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Target buyers of China 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 China biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into China biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China biodegradable plastic market size, by product, 2018-2030 (US$M)
China Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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