U.S. Biodegradable Plastic Market Size & Outlook
U.S. biodegradable plastic market, 2018-2030 (US$M)
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U.S. biodegradable plastic market highlights
- The U.S. biodegradable plastic market generated a revenue of USD 1,672.4 million in 2023 and is expected to reach USD 5,764.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 19.3% 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 1,672.4 million |
| Market revenue in 2030 | USD 5,764.0 million |
| Growth rate | 19.3% (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, U.S. accounted for 23.8% 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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U.S. 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 41.69% in 2023. Horizon Databook has segmented the U.S. 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 U.S. biodegradable plastics market is expected to rise significantly over the forecast period on account of the growing demand for bio-based packaging in the medical, food, and consumer goods sectors.
Biodegradable plastics such as PLA and PBT have higher tensile strength, are eco-friendly, and are convenient for use as compared to conventional plastics. As a result, the demand for biodegradable plastics is projected to propel over the forecast period.
Moreover, the expanding composting infrastructure and rising governmental efforts to reduce landfilling and Waste Reduction Goal, are anticipated to augment the demand for bio-based bags or compostable bags used in the collection of food leftovers and other organic waste materials over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. biodegradable plastic market , including forecasts for subscribers. This country databook contains high-level insights into U.S. biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biodegradable plastic market size, by product, 2018-2030 (US$M)
U.S. Biodegradable Plastic Market Outlook Share, 2023 & 2030 (US$M)
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