Japan Biodegradable Plastic Market Size & Outlook
Japan biodegradable plastic market, 2018-2030 (US$M)
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Japan biodegradable plastic market highlights
- The Japan biodegradable plastic market generated a revenue of USD 171.5 million in 2023 and is expected to reach USD 559.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, starch based was the largest revenue generating product in 2023.
- Polycaprolactone 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 171.5 million |
| Market revenue in 2030 | USD 559.2 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Polycaprolactone |
| 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, Japan accounted for 2.4% 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 |
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Japan 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 40.87% in 2023. Horizon Databook has segmented the Japan biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
The biodegradable plastics market in Japan is majorly driven by the rising product demand in packaging and consumer goods applications.
The growing concerns about plastic waste among the public and China’s rejection to import plastic trash from Japan are some of the major factors that are driving the biodegradable plastics market in the country.
Furthermore, the rising advancements in the manufacturing of sustainable plastic are expected to boost the production of biodegradable plastic for several applications.
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Target buyers of Japan 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 Japan biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Japan biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan biodegradable plastic market size, by product, 2018-2030 (US$M)
Japan Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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