North America Biodegradable Plastic Market Size & Outlook
North America biodegradable plastic market, 2018-2030 (US$M)
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North America biodegradable plastic market highlights
- The North America biodegradable plastic market generated a revenue of USD 2,069.1 million in 2023.
- The market is expected to grow at a CAGR of 19.2% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,069.1 million |
| Market revenue in 2030 | USD 7,067.7 million |
| Growth rate | 19.2% (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, North America region accounted for 29.5% 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 |
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North 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 41.97% in 2023. Horizon Databook has segmented the North 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 North American biodegradable plastics market is majorly driven by the growing demand from the packaging industry in countries, such as the U.S., Canada, and Mexico. Rising environmental concerns and a global attempt to reduce pollution.
Are propelling the demand for biodegradable plastics in the packaging sector across the region. Certain key factors such as stringent government regulations and clean-up initiatives taken by the EPA such as short-term cleanups of National Priorities List (NPL) sites.
Waste sites, or sites with the possibility of release of hazardous materials are likely to drive the regional demand for biodegradable plastics in the coming years.
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Target buyers of North 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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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 North America biodegradable plastic market , including forecasts for subscribers. This continent databook contains high-level insights into North America biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America biodegradable plastic market size, by country, 2018-2030 (US$M)
North America Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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