India Compostable Plastics Market Size & Outlook
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India compostable plastics market highlights
- The India compostable plastics market generated a revenue of USD 112.9 million in 2024 and is expected to reach USD 221.9 million by 2030.
- The India market is expected to grow at a CAGR of 11.2% from 2025 to 2030.
- In terms of segment, starch blends was the largest revenue generating product in 2024.
- Polylactic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
Compostable plastics market data book summary
| Market revenue in 2024 | USD 112.9 million |
| Market revenue in 2030 | USD 221.9 million |
| Growth rate | 11.2% (CAGR from 2025 to 2030) |
| Largest segment | Starch blends |
| Fastest growing segment | Polylactic Acid |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polylactic Acid, Starch Blends, PBAT, PBS |
| Key market players worldwide | Corbion NV, NatureWorks, Basf SE, Evonik Industries AG, Sulzer AG, Mitsubishi Corp, Entec Polymers |
Other key industry trends
- In terms of revenue, India accounted for 4.1% of the global compostable plastics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China compostable plastics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 259.3 million by 2030.
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Compostable Plastics Market Scope
Compostable Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NatureWorks | View profile | 501-1000 | Minnetonka, Minnesota, United States, North America | http://www.natureworksllc.com |
| Entec Polymers | View profile | 251-500 | Orlando, Florida, United States, North America | http://entecpolymers.com |
| Sulzer AG | View profile | 13300 | Neuwiesenstrasse 15, Winterthur, Switzerland, 8401 | https://www.sulzer.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
India compostable plastics 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 compostable plastics market will help companies and investors design strategic landscapes.
Starch blends was the largest segment with a revenue share of 46.32% in 2024. Horizon Databook has segmented the India compostable plastics market based on polylactic acid, starch blends, pbat, pbs covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of compostable plastics 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 India compostable plastics market , including forecasts for subscribers. This country databook contains high-level insights into India compostable plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India compostable plastics market size, by product, 2018-2030 (US$M)
India Compostable Plastics Market Outlook Share, 2024 & 2030 (US$M)
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