Latin America Biodegradable Plastic Market Size & Outlook
Latin America biodegradable plastic market, 2018-2030 (US$M)
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Latin America biodegradable plastic market highlights
- The Latin America biodegradable plastic market generated a revenue of USD 330.9 million in 2023.
- The market is expected to grow at a CAGR of 18.8% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 330.9 million |
| Market revenue in 2030 | USD 1,106.2 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.7% of the global biodegradable plastic market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,460.8 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 39.98% in 2023. Horizon Databook has segmented the Latin America 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 Central & South America biodegradable plastics market is expected to grow substantially over the forecast period owing to changing consumer preferences for sustainable and compostable alternatives and increasing disposable incomes.
This is projected to fuel the demand for biodegradable plastics in the region over the forecast period. The recovering agriculture sector in Central & South America is driving the demand for related materials and components.
Significant new initiatives related to the circular economy for plastics and plastic waste have been launched across the region.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America biodegradable plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America biodegradable plastic market size, by country, 2018-2030 (US$M)
Latin America Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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