UK Biodegradable Plastic Market Size & Outlook, 2023-2030
UK biodegradable plastic market, 2018-2030 (US$M)
Related Markets
UK biodegradable plastic market highlights
- The UK biodegradable plastic market generated a revenue of USD 512.4 million in 2023 and is expected to reach USD 1,520.0 million by 2030.
- The UK market is expected to grow at a CAGR of 16.8% 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.
Biodegradable plastic market data book summary
| Market revenue in 2023 | USD 512.4 million |
| Market revenue in 2030 | USD 1,520.0 million |
| Growth rate | 16.8% (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, UK accounted for 7.3% 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 Europe, Germany biodegradable plastic market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,399.1 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 41.51% in 2023. Horizon Databook has segmented the UK 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 growing consumption of plastics and plastic products across several industries, including packaging and textile, is resulting in the rise of plastic waste in the country.
Rising concerns among consumers regarding plastic waste and environmental health are likely to drive the demand for biodegradable plastics across the UK.
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Target buyers of UK 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 UK biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into UK biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK biodegradable plastic market size, by product, 2018-2030 (US$M)
UK Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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