India Biodegradable Plastic Market Size & Outlook
India biodegradable plastic market, 2018-2030 (US$M)
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India biodegradable plastic market highlights
- The India biodegradable plastic market generated a revenue of USD 124.0 million in 2023 and is expected to reach USD 516.7 million by 2030.
- The India market is expected to grow at a CAGR of 22.6% 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 124.0 million |
| Market revenue in 2030 | USD 516.7 million |
| Growth rate | 22.6% (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, India accounted for 1.8% 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 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 |
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India 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 39.03% in 2023. Horizon Databook has segmented the India biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of revenue, the biodegradable plastics market in India is likely to grow at a significant CAGR of 12.5% over the forecast period. The growing population, increasing consumption of apparel, and increasing foreign investments are some of the major socio-economic factors that are likely to support.
The market growth in the country. Moreover, the rising demand for biodegradable plastics for medical and personal care packaging applications is anticipated to fuel the market in the country. In June 2023, Niine Sanitary Napkins launched PLA-based biodegradable sanitary pads.
With more than 90% of the pad decomposing property within 175 days. The entire package, including the outer cover and disposable bags, is biodegradable. The product offers great absorption, comfort, and leakage protection as compared to normal sanitary pads.
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Target buyers of India 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 India biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into India biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India biodegradable plastic market size, by product, 2018-2030 (US$M)
India Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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