Germany Biodegradable Plastic Market Size & Outlook
Germany biodegradable plastic market, 2018-2030 (US$M)
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Germany biodegradable plastic market highlights
- The Germany biodegradable plastic market generated a revenue of USD 687.5 million in 2023 and is expected to reach USD 2,187.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 18% 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 687.5 million |
| Market revenue in 2030 | USD 2,187.4 million |
| Growth rate | 18% (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, Germany accounted for 9.8% 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 Europe, Germany biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,399.1 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 42.14% in 2023. Horizon Databook has segmented the Germany biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is the largest consumer of biodegradable plastics in Europe in 2023, owing to the presence of large research & development and production facilities of biodegradable plastics companies.
The country is increasingly exporting biodegradable plastics to the neighboring countries as well as other global economies.
Furthermore, the presence of strict regulations regarding the use of conventional plastics, growing environmental concerns about plastic waste, and the establishment of standards for biodegradable plastics, such as EN 13432, are some factors that are contributing to the market growth in Germany.
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Target buyers of Germany 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 Germany biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Germany biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany biodegradable plastic market size, by product, 2018-2030 (US$M)
Germany Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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