The plastics which can decompose naturally in the environment are termed as biodegradable plastics. These are manufactured from petrochemicals as well as from natural sources such as orange peel, corn starch, and plants. Out of total plastics produced in the world only a small fraction (<10%) of which is biodegradable.

Research Methodology

The biodegradable plastics market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped us in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:



Key Market Insights

Biodegradable plastics are widely utilized in various applications like packaging, agriculture, consumer goods, and others. The manufacturers are focusing towards innovation to capture more of the market share. The demand for biodegradable plastics is increasing owing to the increased awareness about environment and reducing the plastic waste.

The increasing awareness across the globe, especially developed regions along with increasing environmental protection efforts from the governments is pushing the growth of biodegradable plastics. On the other hand, growing economies and increasing per capita income along with technological innovations to bring down the prices are making biodegradable plastics more and more affordable & efficient. The evolution of new enzymes to degrade commodity polymers and upgrade of older biodegradable plastic with enhanced properties is expanding the application areas providing additional growth opportunities to the market.

Europe dominates the market currently and is also expected to grow during the forecast period due to intense demand. Asia Pacific is expected to accelerate in the market during the forecast period. Some of the prominent key players in the biodegradable plastics market are Arkema, BASF, Corbion, DowDuPont, and Cargill.

Types:

• Starch-based


• PLA


• PBS


• PBAT


• PHA


• Others


 

End Users:

• Packaging


• Agriculture


• Consumer Goods


• Others


 

Geography:

• Asia Pacific


• North America


• Europe


• Rest of the World


 

1                Executive Summary

1.1            Europe has the Highest Dominance in the Biodegradable Plastics Market

1.2            By End Users, Alcohol Dominates the Market

2                Market Positioning

2.1            Industry Snapshot

2.1.1        Industry Overview

2.1.2        Key Trends

2.2            Related Market

3                Market Outlook

3.1            Introduction

3.2            Value Chain Analysis

3.3            Market Segmentation

4                Market Characteristics

4.1            PESTLE Analysis

4.2            Porter’s Five Force Analysis

4.3            Market Dynamics

4.3.1        Drivers

4.3.1.1    Growing automotive and packaging industry

4.3.1.2    Increased demand from Asia Pacific

4.3.2        Restraints

4.3.2.1    Low penetration in underdeveloped countries

4.3.2.2    Availability of cheaper alternatives

4.3.3        Opportunities

4.3.3.1    Large untapped market in developing and underdeveloped countries

4.3.3.2    Increasing government regulations

4.3.4        DRO – Impact Analysis

4.4            Patent Analysis

5                Biodegradable Plastics, By Type

5.1            Overview

5.2            Starch-based

5.3            PLA

5.4            PBS

5.5            PBAT

5.6            PHA

6                Biodegradable Plastics, By End Users

6.1            Overview

6.2            Packaging

6.3            Agriculture

6.4            Consumer Goods

7                Biodegradable Plastics, By Geography

7.1            Overview

7.2            Asia Pacific

7.2.1        Asia Pacific Biodegradable Plastics Market, By Country

7.2.2        Asia Pacific Biodegradable Plastics Market, By Type

7.2.3        Asia Pacific Biodegradable Plastics Market, By End Users

7.3            North America

7.3.1        North America Biodegradable Plastics Market, By Country

7.3.2        North America Biodegradable Plastics Market, By Type

7.3.3        North America Biodegradable Plastics Market, By End Users

7.4            Europe

7.4.1        Europe Biodegradable Plastics Market, By Country

7.4.2        Europe Biodegradable Plastics Market, By Type

7.4.3        Europe Biodegradable Plastics Market, By End Users

7.5            Rest of the World

7.5.1        Rest of the World Biodegradable Plastics Market, By Region

7.5.2        Rest of the World Biodegradable Plastics Market, By Type

7.5.3        Rest of the World Biodegradable Plastics Market, By End Users

8                Competitive Landscape

8.1            Competitive Regional Exposure Analysis

8.2            Market Developments

8.2.1        Agreement

8.2.2        Exhibitions & Events

8.2.3        Merger, Acquisition & Joint Venture

8.2.4        Expansions

8.2.5        Linear Integration

8.2.6        Product Launch

9                Vendor Profiles

9.1            BASF SE

9.1.1        Overview

9.1.2        Product Profile

9.1.3        Business Units

9.1.4        Geographic Revenue

9.1.5        Recent Developments

9.2            Novamont S.p.A.

9.2.1        Overview

9.2.2        Product Profile

9.2.3        Business Units

9.2.4        Geographic Revenue

9.2.5        Recent Developments

9.3            Corbion

9.3.1        Overview

9.3.2        Product Profile

9.3.3        Business Units

9.3.4        Geographic Revenue

9.3.5        Recent Developments

9.4            Cargill

9.4.1        Overview

9.4.2        Product Profile

9.4.3        Business Units

9.4.4        Geographic Revenue

9.4.5        Recent Developments

9.5            NatureWorks LLC

9.5.1        Overview

9.5.2        Product Profile

9.5.3        Business Units

9.5.4        Geographic Revenue

9.5.5        Recent Developments

10             Customers Profile

10.1          UFP Technologies

10.1.1      Overview

10.1.2      Product Profile

10.1.3      SWOT Analysis

10.1.4      Business Strategies

10.2          Fiat Chrysler Automobiles N.V. (FCA)

10.2.1      Overview

10.2.2      Subsidiaries

10.2.3      SWOT Analysis

10.2.4      Business Strategies

10.3          General Electric (GE)

10.3.1      Overview

10.3.2      Product Profile

10.3.3      SWOT Analysis

10.3.4      Business Strategies

10.4          Toyota Motor Corporation

10.4.1      Overview

10.4.2      Product Profile

10.4.3      SWOT Analysis

10.4.4      Business Strategies

10.5          Philips

10.5.1      Overview

10.5.2      Product Profile

10.5.3      SWOT Analysis

10.5.4      Business Strategies

11             Companies to Watch for

11.1          BASF SE

11.1.1      BASF striving towards R&D

12             Annexure

12.1          Report Scope

12.2          Market Definition

12.3          Research Methodology

12.3.1      Data Collation & In-house Estimation

12.3.2      Market Triangulation

12.3.3      Forecasting

12.4          Study Declarations

12.5          Report Assumptions

12.6          Stakeholders

12.7          Abbreviations