Biodegradable Plastics Market 2023 : By Size, Share, Growth And Top Companies | BASF, NatureWorks, Novamont S.p.A., Mitsubishi, Biome Bioplastics

biodegradable plastics market

The Business Research Company’s Biodegradable Plastics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Biodegradable Plastics Global Market Report 2023 evaluates biodegradable plastics market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global biodegradable plastics market size grew from $4.22 billion in 2022 to $4.82 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biodegradable plastics market size is expected to grow to $8.01 billion in 2027 at a CAGR of 13.5%.

The biodegradable plastics market segments in the report are:

By Type:
Polylactic Acid (PLA)
Polybutylene Adipate Terephthalate (PBAT)
Polybutylene Succinate (PBS)
PHA (Polyhydroxyalkanoates)
Starch Blends
Other Types

By End User:
Consumer Goods
Other End-Users

Top Key Players
Novamont S.p.A.
Biome Bioplastics

North America was the largest region in the biodegradable plastics market in 2022.

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The table of contents in TBRC’s biodegradable plastics market report includes:
1. Executive Summary
2. Biodegradable Plastics Market Characteristics
3. Biodegradable Plastics Market Trends And Strategies
4. Biodegradable Plastics Market – Macro Economic Scenario
5. Biodegradable Plastics Market Size And Growth
26. Africa Biodegradable Plastics Market
27. Biodegradable Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biodegradable Plastics Market
29. Biodegradable Plastics Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables 

Table 1: Global Historic Market Growth, 2017-2022, $ Billion 

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion 

Table 3: Global Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion 

Table 4: Global Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion 

Table 5: Global Biodegradable Plastics Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion 

Table 45: BASF Financial Performance 

Table 46: NatureWorks Financial Performance 

Table 47: BIOME TECHNOLOGIES PLC. Financial Performance 

Table 48: Novamont S.p.A. Financial Performance 

Table 49: Mitsubishi Financial Performance 

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