Global Biodegradable Plastics Market Insights and Forecast to 2026

Biodegradable plastics are plastics that are decomposed by the action of living organisms, usually bacteria.
Western Europe and North America are the biggest consumers of biodegradable plastics globally. Italy and the U.S. are the key countries in Western Europe and North America, witnessing CAGRs of 12.4% and 11.5%, respectively, between 2018 and 2023. The developing countries are also growing at a rapid pace due to rising domestic demand.

Market Analysis and Insights: Global Biodegradable Plastics Market
The global Biodegradable Plastics market size is projected to reach US$ 3033.1 million by 2026, from US$ 2776.1 million in 2020, at a CAGR of 8.6%% during 2021-2026.

Global Biodegradable Plastics Scope and Market Size
Biodegradable Plastics market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biodegradable Plastics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.

Segment by Type, the Biodegradable Plastics market is segmented into
PLA
Starch Blends
PCL
Regenerated Cellulose
PBS
PHA

Segment by Application, the Biodegradable Plastics market is segmented into
Packaging
Fibers
Agriculture
Injection Molding
Others

Regional and Country-level Analysis
The Biodegradable Plastics market is analysed and market size information is provided by regions (countries).
The key regions covered in the Biodegradable Plastics market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Biodegradable Plastics Market Share Analysis
Biodegradable Plastics market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Biodegradable Plastics business, the date to enter into the Biodegradable Plastics market, Biodegradable Plastics product introduction, recent developments, etc.

The major vendors covered:
Metabolix
BASF
Corbion NV
Natureworks
Biome Technologies
Mitsubishi Chemical
Plantic Technologies
Bio-On
Meredian
Tianan Biologic Materials
Mitsui Chemicals
Teijin
Tianjin Guoyun Biological Materials
Toray