Global Biodegradable Plastic Industry will grow with a CAGR of 8.72% during 2020-2027

According to Renub Research report, tittled “Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Biodegradable Plastics Market was USD 4.3 Billion in 2021. In the wake of plastic pollution increasing worldwide, biodegradable plastics are one of the fastest-growing segments within the global plastics industry. Nevertheless, Bioplastic is a sustainable material derived from renewable feedstocks, and is an alternative to petroleum-based plastics. It can reduce 30-70% of carbon dioxide emissions. It represents 42% reduction of carbon footprints. The production of bioplastic requires 65% less energy than conventional petroleum plastic.

Global Biodegradable Plastics Market to Reach USD 7.1 Billion by 2027


How Covid-19 Helped the Biodegradable Plastics Industry to Grow

The global biodegradable plastics industry witnessed a positive impact owing to the novel coronavirus lockdown globally. The number of medical items like sanitizer bottles, face masks, and gloves increased, creating huge plastic waste. This aspect has made a massive opportunity for biodegradable plastics to produce personal protective equipment and sanitizer bottles. Prominent industry leaders adopt different growth strategies like a geographical expansion to increase their capacity and productivity.


Global Biodegradable plastics Resin Market Drivers:

Worldwide, the increasing environmental concerns about plastic usage (as plastics contain toxic pollutants that harm animals, plants, and people) are propelling the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can perform as a transportation device for invasive species that disrupt habitats. This factor above is contributing to the growth of the market.

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Thus, the stringent regulations by various governments and federal agencies to reduce plastic waste and promote biodegradable plastics usage in packaging are expanding the demand of this market. The laws related to green packaging are rising. As a result, various FMCG companies are required to adopt biodegradable packaging to yield with the standards, which is propelling the blossoming of this market.


The use of Starch blends is stimulating the biodegradable plastics industry to blossom.

Based on material type, the biodegradable plastics market is divided into Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Starch Blends. Starch blends appeared as the global leader in revenue share in the biodegradable plastic market. This is accounted to its demand in flexible packaging and the agricultural sector. Starch blends are widely used to reduce the carbon footprint of conventional resins, thus enhancing demand growth.


Furthermore, the adoption of Polylactic Acid (PLA) bioplastic has increased tremendously across packaging and consumer goods applications due to the avant technical properties and functionalities. The demand for Polylactic Acid (PLA) bioplastics has gained tremendous traction in various plastic applications due to the favorable legislations implemented by many governments around the globe.


Moreover, there is an increased demand for bioplastic packaging for wrapping organic food and premium and branded products with specific needs. A combination of recycling components from conventional plastics, such as PET with bioplastics (bio-based PET), provides high-performance processing of bioplastics packaging. Biodegradable food packaging, certified as industrially compostable, was the first successfully commercialized bioplastic product.


North America is one the Biggest Consumer in Biodegradable Plastics

Regionally, the North American region is predicted to be one of the biggest consumers of biodegradable plastics, which is majorly credited to the extensive presence of packaged food manufacturers in Canada & the United States. Being environmentally conscious and increasing the spending power of the consumers is one of the significant drivers increasing the demand of the market in the region.

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Further, the transition to a low-carbon and circular economy, more vital policy support for the economy, and raised consumer awareness for sustainable products and packaging are compelling the expansion of the market in Europe. The use of biodegradable plastics, primarily in European countries, also increases in other niche components, such as drug delivery systematical implants.


Key Players:

The global biodegradable plastic market is highly fragmented, as the international participants are driving toward inventing new technologies to manufacture pliable packaging material from different readily available natural resources. The players’ substantial investments in research and development to create innovative products generate high competition. The key players are Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK), and Green Dot Bioplastics.


Market Summary:

  • Material Type – Renub Research Report covers by Material Type in the 6 viewpoints (Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends and Others)
  • Applications – Our Report covers by Application in the 4 viewpoints (Packaging, Agriculture, Consumer Goods and Others)
  • Regions – This Report covers Market breakup by 5 Regions (North America, Europe, Asia-Pacific’s, Latin America and Middle East & Africa)
  • All the key  players have been shielded from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and Green Dot Bioplastics

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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US Biodegradable Plastics Market Forecast by Type & End-User – Renub Research

A ban on disposable foam food containers and packaging, carryout bag fees, and compulsory collection of plastic recycling may all become part of a nationwide plastic waste bill currently in its early stages. Recently, the government of the United States issued a draft of legislation that they intend to implement in the fall, after collecting suggestions from consumers and companies. The outline of the bill focuses on increasing the duty on plastic manufacturers to handle waste, helping to pay for recycling and raising awareness of plastic environmental footprint that can become garbage. Today various kinds of plastic become garbage such as food containers, cups and lids, plastic cigarette butts, wet wipes, balloons, and lightweight plastic bags. The bill will include opportunities to create less polluting alternatives, although there are no details in the outline.

United States Biodegradable Plastics Market – Renub Research

Biodegradable plastics are plastics, which can be decomposed into the soil, carbon dioxide, and biomass by the action of living organisms, usually microbes. Usually, biodegradable plastics are manufactured from petrochemicals, microorganisms, recycled raw materials, or all three combinations. New food packaging, dried snacks & candy, bakery products, water & juice cups, and meat trays are widely used in packaging materials made from these plastics. Biodegradable plastics are also used as cup coatings and as drink films & card collection. According to Renub Research analysis, the United States Biodegradable Plastics Market is expected to grow with double-digit CAGR and reach US$ 1.5 Billion by 2026.

COVID-19 impact on Biodegradable Plastics Industry

Research & Development costs also make up a majority of the investment in bio-plastics and affect the prices of materials and goods. Besides, due to pandemic COVID-19 oil prices has hit rock bottom. So because of low oil prices, it currently makes it impossible for bio-plastics to meet competitive market levels as opposed to conventional plastics.

Renub Research report titled “United States Biodegradable Plastic Market by Type (Starch Based, PLA, PHA, PBS, PBAT, Others), End-User ((Food packaging, dishes, cutlery, bags), Compost bags, Foam Packaging, Agriculture and Horticulture, Paper coatings, Others)), Raw Materials (List of Raw Materials (Starch Based, PLA (Polylactic Acid), PHA (Polyhydroxyalcanoates) PBS (Polybutylene succinate), PBAT (Polybutylene adipate terephthalate), Properties of Raw Materials), Company Analysis (Thistle, Inc., DuPont, Heritage Pioneer Corporate Group, BMB Film Supply, Plascon Plant 2, Kilmer Wagner Wise) & Forecast” provides a detailed analysis of Biodegradable Plastic Market in United States.

Type – Market Segmentation

The report on United States biodegradable plastic market has been segmented as Starch Based, PLA (Polylactic Acid), PHA (Polyhydroxyalcanoates) PBS (Polybutylene succinate), PBAT (Polybutylene adipate terephthalate), Others.

End-User – Segmentation

Based on End-User, the report covers the market of Food packaging, dishes, cutlery, bags; Compost bags, Foam Packaging, Agriculture and Horticulture, Paper coatings, Others). Food packaging, dishes, cutlery, bags represent a significant market in the U.S. biodegradable plastic market in end-user segment.

Raw Materials – Market Segmentation

On the basis of raw materials, the report has also been segmented into Raw Materials (List of Raw Materials (Starch Based, PLA (Polylactic Acid), PHA (Polyhydroxyalcanoates), PBS (Polybutylene succinate), PBAT (Polybutylene adipate terephthalate), Properties of Raw Materials.

All the companies have been studied from three points

• Overview
• Initiatives & Recent Developments
• Sales Analysis

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Company Analysis

  • Thistle, Inc.
  • DuPont
  • Heritage Pioneer Corporate Group
  • BMB Film Supply
  • Plascon Plant 2
  • Kilmer Wagner Wise

Type – United States Biodegradable Plastic Market

  • Starch Based
  • PLA (Polylactic Acid)
  • PHA (Polyhydroxyalcanoates)
  • PBS (Polybutylene succinate)
  • PBAT (Polybutylene adipate terephthalate)
  • Others

End-User – United States Biodegradable Plastic Market

  • Food packaging, dishes, cutlery, bags
  • Compost bags
  • Foam Packaging
  • Agriculture and Horticulture
  • Paper coatings
  • Others

Raw Materials – United States Biodegradable Plastic Market

  • List of Raw Materials
  • Starch Based
  • PLA (Polylactic Acid)
  • PHA (Polyhydroxyalcanoates)
  • PBS (Polybutylene succinate)
  • PBAT (Polybutylene adipate terephthalate)
  • Properties of Raw Materials

Technological Snapshot

  • Biodegradable Production Process
  • Biodegradation of Different Polymers by Microorganisms
  • Ecotoxicological Studies on Biodegradable Polymers

Interrelationship between Conventional, Bio-Based and Biodegradable Plastics

SWOT Analysis

  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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