Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End Use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Rest of the World) - Global Forecast to 2023

Table of Contents

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17

2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 19
2.1.2.2 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 DATA TRIANGULATION 22
2.4 ASSUMPTIONS 23
2.5 LIMITATIONS 23

3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28

4.1 ATTRACTIVE OPPORTUNITIES IN THE BIODEGRADABLE PLASTICS MARKET 28
4.2 BIODEGRADABLE PLASTICS MARKET, BY TYPE 28
4.3 APAC BIODEGRADABLE PLASTICS MARKET, BY COUNTRY AND END-USE INDUSTRY 29
4.4 BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY PACKAGING & BAGS WAS THE LARGEST SEGMENT IN 2017 29
4.5 BIODEGRADABLE PLASTICS MARKET, BY REGION 30

5 MARKET OVERVIEW 31

5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increasing use in food packaging & compostable bags applications 32
5.2.1.2 Shift in consumer preference toward eco-friendly plastic products 32
5.2.1.3 Focus of governments on green procurement policies 32
5.2.2 RESTRAINTS 33
5.2.2.1 Higher cost of biodegradable plastics than
that of conventional plastics 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Emerging end-use industries of biodegradable plastics 33
5.2.4 CHALLENGES 33
5.2.4.1 Performance issues related to biodegradable plastic 33
5.3 PORTER’S FIVE FORCES ANALYSIS 34
5.3.1 BARGAINING POWER OF SUPPLIERS 35
5.3.2 BARGAINING POWER OF BUYERS 35
5.3.3 THREAT OF NEW ENTRANTS 35
5.3.4 THREAT OF SUBSTITUTES 36
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 36

6 BIODEGRADABLE PLASTICS MARKET, BY TYPE 37

6.1 INTRODUCTION 38
6.2 PLA 39
6.2.1 INCREASING USE OF PLA IN COLD PRODUCTS FOR FROZEN ITEMS AND IN FOOD PACKAGING TO DRIVE THE DEMAND 39
6.3 STARCH BLENDS 39
6.3.1 BENEFITS SUCH AS BIODEGRADABILITY, RENEWABILITY,
AND LOW COST WILL BOOST THE DEMAND OF STARCH BLENDS 39
6.4 PHA 40
6.4.1 USE OF HIGH-QUALITY MATERIALS IN PACAKGING TO DRIVE
THE GROWTH OF PHA 40
6.5 BIODEGRADABLE POLYESTERS 40
6.5.1 INCREASE IN DEMAND FOR PCL, PBAT, AND PBS FOR SOFT COMPOSTABLE PACKAGING TO DRIVE THE MARKET 40
6.5.1.1 PCL 40
6.5.1.2 pBAT 40
6.5.1.3 PBS 40
6.6 OTHERS 41
6.6.1 THE ABILITY OF REGENERATED CELLULOSE AND CELLULOSE DERIVATIVE TO PRODUCE SMOOTH AND UNIFORMED BIODEGRADABLE POLYMERS IS FUELING DEMAND 41
6.6.1.1 Regenerated Cellulose 41
6.6.1.2 cellulose derivatives 41

7 BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY 42

7.1 INTRODUCTION 43
7.2 PACKAGING & BAGS 44
7.2.1 PACKAGING & BAGS SEGMENT ACCOUNTED FOR
THE LARGEST END USE INDUSTRY OF BIODEGRADABLE PLASTICS 44
7.3 CONSUMER GOODS 45
7.3.1 CONSUMER GOODS SEGMENT IS PROJECTED TO GROW AT THE SECOND-FASTEST CAGR DURING THE FORECAST PERIOD 45
7.4 AGRICULTURE & HORTICULTURE 46
7.4.1 BIODEGRADABLE PLASTICS ARE USED IN THE AGRICULTURE & HORTICULTURE INDUSTRY FOR MANUFACTURING MULCHES, SEEDING STRIPS, AND TAPES 46
7.5 TEXTILE 47
7.5.1 IN TEXTILE INDUSTRY PLA IS EXTENSIVELY USED DUE TO ITS EXCELLENT PROPERTY OF EXTREMELY LOW MOISTURE REGAIN 47
7.6 OTHERS 48

8 BIODEGRADABLE PLASTICS MARKET, BY REGION 49

8.1 INTRODUCTION 50
8.2 NORTH AMERICA 51
8.2.1 US 53
8.2.1.1 US accounted for the largest market size in
the biodegradable plastics market in North America 53
8.2.2 CANADA 54
8.2.2.1 Canada is expected to witness the high growth rate in
the biodegradable plastics market in North America 54
8.2.3 MEXICO 55
8.2.3.1 The growing environmental concerns are fuelling the demand for sustainable alternatives in the country 55
8.3 EUROPE 57
8.3.1 GERMANY 59
8.3.1.1 The presence of a large number of biodegradable plastics manufacturers and processors boost the market in the country 59
8.3.2 FRANCE 61
8.3.2.1 France is expected to grow with highest CAGR in Europe during forecast period 61
8.3.3 UK 62
8.3.3.1 Growing food & beverage packaging industry in
UK to boost the market 62
8.3.4 ITALY 63
8.3.4.1 Biodegradable plastics are increasingly being used in
agriculture industry in Italy 63
8.3.5 SPAIN 64
8.3.5.1 Spain is gaining momentum with the growing packaging & bags and consumer goods end-use industries in the country 64
8.3.6 REST OF EUROPE 65
8.4 APAC 66
8.4.1 CHINA 68
8.4.1.1 China to be the largest and fastest growing country for biodegradable plastics in APAC region 68
8.4.2 JAPAN 69
8.4.2.1 Adoption of new technologies to increase the production capacity of biodegradable plastics in the country 69
8.4.3 INDIA 70
8.4.3.1 Biodegradable mulch films are widely used in
the agriculture industry in India 70
8.4.4 SOUTH KOREA 71
8.4.4.1 Use of biodegradable plastics is gaining momentum in
the country with increasing environmental concerns 71
8.4.5 REST OF APAC 72
8.5 REST OF THE WORLD (ROW) 73
8.5.1 BRAZIL 75
8.5.1.1 Packaging & bags to be the largest and fastest growing market for biodegradable plastics in ROW 75
8.5.2 ARGENTINA 76
8.5.2.1 Increasing use of biodegradable plastics is attributed to shift in focus from traditional plastic to biodegradable plastics in Argentina 76
8.5.3 OTHER COUNTRIES 77

9 COMPETITIVE LANDSCAPE 79

9.1 OVERVIEW 79
9.2 MARKET RANKING OF KEY PLAYERS 80
9.3 COMPETITIVE SITUATION & TRENDS 81
9.3.1 NEW PRODUCT LAUNCHES 81
9.3.2 EXPANSIONS 82
9.3.3 MERGERS, ACQUISITIONS, AND PARTNERSHIPS 83

10 COMPANY PROFILES 85

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 NATUREWORKS 85
10.2 BASF SE 87
10.3 TOTAL CORBION PLA 90
10.4 MITSUBISHI CHEMICAL CORPORATION 92
10.5 BIOME BIOPLASTICS 94
10.6 PLANTIC TECHNOLOGIES 96
10.7 BIO-ON 97
10.8 DANIMER SCIENTIFIC 99
10.9 NOVAMONT S.P.A. 100
10.10 TORAY INDUSTRIES 101
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

10.11 OTHER PLAYERS 103
10.11.1 ZHEJIANG HISUN BIOMATERIALS CO., LTD 103
10.11.2 SUCCINITY GMBH 103
10.11.3 PERSTORP 103
10.11.4 BIO-FED 103
10.11.5 TIANAN BIOLOGIC MATERIALS CO. 103
10.11.6 SYNBRA TECHNOLOGY BV 104
10.11.7 TIANJIN GREENBIO MATERIALS CO., LTD 104
10.11.8 FKUR KUNSTSTOFF GMBH 104
10.11.9 SPHERE 104
10.11.10 NEWLIGHT TECHNOLOGIES 104
10.11.11 GREEN DOT BIOPLASTICS 104
10.11.12 API S.P.A 105
10.11.13 CARBIOLICE 105
10.11.14 INDOCHINE BIO PLASTIQUES (ICBP) SDN. BHD 105
10.11.15 CLONDALKIN 105
11 APPENDIX 106

LIST OF TABLES

TABLE 1 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 38
TABLE 2 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 2016–2023 (KILOTON) 39
TABLE 3 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016-2023 (USD MILLION) 43
TABLE 4 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016-2023 (KILOTON) 44
TABLE 5 BIODEGRADABLE PLASTICS, MARKET SIZE IN PACKAGING & BAGS, BY REGION, 2016-2023 (USD MILLION) 44
TABLE 6 BIODEGRADABLE PLASTICS MARKET SIZE IN PACKAGING & BAGS, BY REGION, 2016-2023 (KILOTON) 45
TABLE 7 BIODEGRADABLE PLASTICS, MARKET SIZE IN CONSUMER GOODS, BY REGION, 2016-2023 (USD MILLION) 45
TABLE 8 BIODEGRADABLE PLASTICS, MARKET SIZE IN CONSUMER GOODS, BY REGION, 2016-2023 (KILOTON) 46
TABLE 9 BIODEGRADABLE PLASTICS MARKET SIZE IN AGRICULTURE & HORTICULTURE ,
BY REGION, 2016-2023 (USD MILLION) 46
TABLE 10 BIODEGRADABLE PLASTICS MARKET SIZE IN AGRICULTURE & HORTICULTURE,
BY REGION, 2016-2023 (KILOTON) 47
TABLE 11 BIODEGRADABLE PLASTICS MARKET SIZE IN TEXTILE, BY REGION,
2016-2023 (USD MILLION) 47
TABLE 12 BIODEGRADABLE PLASTICS MARKET SIZE IN TEXTILE , BY REGION,
2016-2023 (KILOTON) 47
TABLE 13 BIODEGRADABLE PLASTICS MARKET SIZE IN OTHERS, BY REGION,
2016-2023 (USD MILLION) 48
TABLE 14 BIODEGRADABLE PLASTICS MARKET SIZE IN OTHERS, BY REGION,
2016-2023 (KILOTON) 48
TABLE 15 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 50
TABLE 16 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 2016–2023 (KILOTON) 51
TABLE 17 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 52
TABLE 18 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (KILOTON) 52
TABLE 19 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 52
TABLE 20 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (KILOTON) 53
TABLE 21 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 53
TABLE 22 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 54
TABLE 23 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 54
TABLE 24 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 55
TABLE 25 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 55
TABLE 26 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 56
TABLE 27 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 58
TABLE 28 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (KILOTON) 58
TABLE 29 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 59
TABLE 30 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 59
TABLE 31 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 60
TABLE 32 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 60
TABLE 33 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 61
TABLE 34 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 61
TABLE 35 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 62
TABLE 36 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 62
TABLE 37 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 63
TABLE 38 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 63
TABLE 39 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 64
TABLE 40 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 64
TABLE 41 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 65
TABLE 42 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (KILOTON) 65
TABLE 43 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 67
TABLE 44 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (KILOTON) 67
TABLE 45 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 67
TABLE 46 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 68
TABLE 47 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 68
TABLE 48 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 69
TABLE 49 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 69
TABLE 50 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 70
TABLE 51 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 70
TABLE 52 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 71
TABLE 53 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 71
TABLE 54 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE,
2016–2023 (KILOTON) 72
TABLE 55 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 72
TABLE 56 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 73
TABLE 57 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 74
TABLE 58 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY,
2016–2023 (KILOTON) 74
TABLE 59 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 74
TABLE 60 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 75
TABLE 61 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (USD MILLION) 75
TABLE 62 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY,
2016–2023 (KILOTON) 76
TABLE 63 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 76
TABLE 64 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (KILOTON) 77
TABLE 65 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (USD MILLION) 77
TABLE 66 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE,
BY END-USE INDUSTRY, 2016–2023 (KILOTON) 78

LIST OF FIGURES

FIGURE 1 BIODEGRADABLE PLASTICS MARKET SEGMENTATION 15
FIGURE 2 BIODEGRADABLE PLASTICS MARKET: RESEARCH DESIGN 17
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 20
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 21
FIGURE 5 BIODEGRADABLE PLASTICS MARKET: DATA TRIANGULATION 22
FIGURE 6 PLA TO BE THE LEADING TYPE OF BIODEGRADABLE PLASTICS 24
FIGURE 7 PACKAGING & BAGS TO BE THE LARGEST AND THE FASTEST-GROWING
END-USE INDUSTRY OF BIODEGRADABLE PLASTICS 25
FIGURE 8 EUROPE TO BE THE LARGEST BIODEGRADABLE PLASTICS MARKET 26
FIGURE 9 EUROPE LED THE BIODEGRADABLE PLASTICS MARKET IN 2017 26
FIGURE 10 INCREASING USE OF BIODEGRADABLE PLASTICS IN THE PACKAGING & BAGS INDUSTRY TO DRIVE THE MARKET BETWEEN 2018 AND 2023 28
FIGURE 11 PLA TO BE THE FASTEST-GROWING TYPE OF BIODEGRADABLE PLASTICS 28
FIGURE 12 CHINA ACCOUNTED FOR THE LARGEST SHARE OF THE
BIODEGRADABLE PLASTICS MARKET 29
FIGURE 13 APAC TO BE THE FASTEST-GROWING BIODEGRADABLE PLASTICS MARKET 30
FIGURE 14 OVERVIEW OF FACTORS GOVERNING THE BIODEGRADABLE PLASTICS MARKET 31
FIGURE 15 BIODEGRADABLE PLASTICS MARKET: PORTER’S FIVE FORCES ANALYSIS 34
FIGURE 16 PLA TO BE THE FASTEST-GROWING TYPE OF BIODEGRADABLE PLASTICS 38
FIGURE 17 PACKAGING & BAGS WAS THE LARGEST END-USE INDUSTRY OF
BIODEGRADABLE PLASTICS 43
FIGURE 18 REGIONAL SNAPSHOT (2018–2023): EUROPE TO ACCOUNT FOR
THE LARGEST MARKET SHARE 50
FIGURE 19 US ACCOUNTS FOR THE LARGEST SHARE IN NORTH AMERICA 51
FIGURE 20 EUROPEAN BIODEGRADABLE PLASTICS MARKET SNAPSHOT 57
FIGURE 21 APAC BIODEGRADABLE PLASTICS MARKET SNAPSHOT 66
FIGURE 22 BRAZIL TO DOMINATE THE BIODEGRADABLE PLASTICS MARKET IN ROW 73
FIGURE 23 COMPANIES HAVE ADOPTED EXPANSIONS AS THE KEY STRATEGY, 2013-2018 79
FIGURE 24 NATUREWORKS ACCOUNTED FOR THE LARGEST MARKET SHARE 80
FIGURE 25 NATUREWORKS: SWOT ANALYSIS 86
FIGURE 26 BASF SE: COMPANY SNAPSHOT 87
FIGURE 27 BASF SE: SWOT ANALYSIS 88
FIGURE 28 TOTAL CORBION PLA: SWOT ANALYSIS 91
FIGURE 29 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT 92
FIGURE 30 MITSUBISHI CHEMICAL CORPORATION: SWOT ANALYSIS 93
FIGURE 31 BIOME BIOPLASTICS: COMPANY SNAPSHOT 94
FIGURE 32 BIOME BIOPLASTICS: SWOT ANALYSIS 95
FIGURE 33 TORAY INDUSTRIES: COMPANY SNAPSHOT 101

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