South Korea Biodegradable Plastic Market Size & Outlook
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South Korea biodegradable plastic market highlights
- The South Korea biodegradable plastic market generated a revenue of USD 212.0 million in 2024 and is expected to reach USD 553.2 million by 2033.
- The South Korea market is expected to grow at a CAGR of 10.4% from 2025 to 2033.
- In terms of segment, starch based was the largest revenue generating process in 2024.
- Starch Based is the most lucrative process segment registering the fastest growth during the forecast period.
Biodegradable plastic market data book summary
| Market revenue in 2024 | USD 212.0 million |
| Market revenue in 2033 | USD 553.2 million |
| Growth rate | 10.4% (CAGR from 2025 to 2033) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBAT, PBS, PHA |
| Key market players worldwide | Cargill, PTT Global Chemical PCL ADR, Biome Technologies, Plantic Technologies Ltd, Basf SE, NatureWorks, Eastman Chemical Co, Danimer Scientific Inc Ordinary Shares - Class A |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global biodegradable plastic market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China biodegradable plastic market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,771.5 million by 2033.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Plantic Technologies Ltd | View profile | 101-250 | Melbourne, Victoria, Australia, Oceania | http://www.plantic.com.au |
| Biome Technologies | View profile | 101-250 | Southampton, Southampton, United Kingdom, Europe | http://biometechnologiesplc.com/ |
| NatureWorks | View profile | 501-1000 | Minnetonka, Minnesota, United States, North America | http://www.natureworksllc.com |
| Danimer Scientific Inc Ordinary Shares - Class A | View profile | 257 | 140 Industrial Boulevard, Bainbridge, GA, United States, 39817 | https://www.danimerscientific.com |
| PTT Global Chemical PCL ADR | View profile | 6334 | Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 | https://www.pttgcgroup.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
South Korea 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 50.33% in 2024. Horizon Databook has segmented the South Korea biodegradable plastic market based on starch based, pla, pbat, pbs, pha covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of South Korea 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 South Korea biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into South Korea biodegradable plastic market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea biodegradable plastic market size, by process, 2021-2033 (US$M)
South Korea Biodegradable Plastic Market Outlook Share, 2024 & 2033 (US$M)
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