Biodegradable Plastics Market Size worth $67,302.01 Million by 2032 | CAGR: 22.90%

The global Biodegradable Plastics Market is expected to grow at growth rate of 22.90% to reach USD 67,302.01 Million by 2032.

Biodegradable plastics are a type of plastic designed to break down more quickly than conventional plastics through the action of microorganisms. Unlike traditional petroleum-based plastics, biodegradable plastics are often derived from renewable resources such as corn starch, sugarcane, or plant-based oils. They are generally classified into two main types: bioplastics, which are made entirely or partially from biological materials, and oxo-degradable plastics, which include additives that promote faster degradation under certain environmental conditions. These materials aim to reduce long-term environmental pollution by decomposing more readily when exposed to appropriate levels of heat, moisture, and microbial activity. However, they do not always degrade effectively in natural environments such as oceans or landfills without specific treatment. Common applications of biodegradable plastics include packaging, disposable cutlery, shopping bags, and agricultural films. When managed and disposed of properly, they offer a more sustainable alternative to traditional plastics.

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The growing adoption of biodegradable plastics in sectors such as packaging and agriculture is expected to significantly drive market growth. Increasing global concern over persistent plastic pollution has prompted many governments to implement bans on single-use plastics and promote the use of biodegradable alternatives. These policy measures are further supported by rising consumer awareness and a growing willingness to pay more for environmentally friendly products, particularly those made from biodegradable materials. Government regulations are also playing a pivotal role in shaping the industry. For instance, the European Union’s Single-Use Plastics Directive aims to reduce the environmental impact of certain plastic products by encouraging the transition to biodegradable options. In the United States, states such as California and New York have introduced legislation to phase out single-use plastic bags and promote compostable and biodegradable alternatives. According to a 2023 report by the United Nations Environment Programme (UNEP), over 180 countries have committed to reducing plastic pollution through legally binding agreements—further driving the shift toward sustainable materials.

In 2024, North America captured the largest revenue share of the global biodegradable plastics market, driven by its strong manufacturing infrastructure and rising demand for eco-friendly products. The region’s increasing environmental awareness, coupled with supportive regulations and consumer preferences, is accelerating the shift toward sustainable materials in key industries such as packaging, agriculture, and textiles. In both the United States and Canada, leading companies are actively investing in innovation to develop biodegradable alternatives to traditional plastics, including advancements in plant-based polymers and compostable packaging solutions. The U.S. Environmental Protection Agency (EPA) has bolstered support for sustainable materials management, launching initiatives that promote reducing plastic waste and encouraging the adoption of biodegradable products. Moreover, as of 2023, more than a dozen U.S. states have enacted legislation targeting single-use plastics, fostering a regulatory environment that favors the growth of biodegradable alternatives. According to the U.S. Plastics Pact, the nation is working toward making all plastic packaging reusable, recyclable, or compostable by 2025, further driving demand for sustainable solutions in the region.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

Companies in the biodegradable plastics market are increasingly adopting collaborative and innovation-driven strategies to stay competitive and address the rising demand for sustainable materials. Significant investments are being directed toward research and development to create next-generation biodegradable plastics that degrade more efficiently and perform reliably across diverse applications, including packaging, agriculture, and consumer goods. To accelerate innovation and bring eco-friendly solutions to market faster, many companies are forming strategic partnerships with biotech firms, research institutions, and leading consumer brands. These collaborations not only enhance technological capabilities but also support the exploration of novel raw materials such as algae, agricultural by-products, and other renewable resources. In some cases, companies are adopting a vertically integrated approach, managing the entire production cycle—from raw material sourcing to final product manufacturing—to improve efficiency, cost control, and environmental sustainability. This holistic strategy enables businesses to better align with evolving regulatory requirements and consumer expectations, positioning them at the forefront of the transition to a circular and low-impact plastics economy.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL BIODEGRADABLE PLASTICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• Cargill Incorporated
• PTT MCC Biochem Co., Ltd.
• Biome Technologies plc
• Plantic Technologies Limited
• BASF SE
• Total Corbion PLA
• NatureWorks LLC
• Eastman Chemical Company
• Trineso
• Danimer Scientific
• Others

GLOBAL BIODEGRADABLE PLASTICS MARKET, BY MATERIAL TYPE- MARKET ANALYSIS, 2019 - 2032

• Starch Based
• PBS
• PHA
• PLA
• PBAT
• Others

GLOBAL BIODEGRADABLE PLASTICS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

• Packaging
• Textiles
• Agriculture
• Consumer Goods
• Others

GLOBAL BIODEGRADABLE PLASTICS MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032

• Food and Beverage
• Agriculture
• Retail and E-commerce
• Healthcare
• Textile
• Others

GLOBAL BIODEGRADABLE PLASTICS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Sweden
• Russia
• Poland
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Thailand
• Philippines
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of LATAM

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Turkey
• Algeria
• Egypt
• Rest of MEA