Mexico Biodegradable Plastic Market Size & Outlook
Mexico biodegradable plastic market, 2018-2030 (US$M)
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Mexico biodegradable plastic market highlights
- The Mexico biodegradable plastic market generated a revenue of USD 134.5 million in 2023 and is expected to reach USD 433.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 18.2% 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 134.5 million |
| Market revenue in 2030 | USD 433.8 million |
| Growth rate | 18.2% (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, Mexico accounted for 1.9% 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 North America, U.S. biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,764.0 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 43.87% in 2023. Horizon Databook has segmented the Mexico 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 Mexico is expected to witness substantial growth over the forecast period, owing to the rising demand from key application sectors, such as agriculture, packaging, and consumer goods.
The growing adoption of biodegradable plastic products in the food packaging and agricultural sectors is further propelling the demand for biodegradable plastics in the country.
Furthermore, the rising environmental concerns related to single-use plastics and the government’s initiatives to reduce global warming and greenhouse gas emissions are expected to provide lucrative growth opportunities in the coming years.
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Target buyers of Mexico 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 Mexico biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into Mexico biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico biodegradable plastic market size, by product, 2018-2030 (US$M)
Mexico Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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