Biodegradable plastics or Compostable plastics are a kind of plastic that decomposes naturally in the environment. This is achieved when microorganisms in the environment metabolize and break down the structure of that plastics to be water, carbon dioxide, biomass and no harmful materials remain in the environment.
This report contains market size and forecasts of Bioplastics and Biodegradable Plastics Packaging in global, including the following market information:
Global Bioplastics and Biodegradable Plastics Packaging Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Bioplastics and Biodegradable Plastics Packaging Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Bioplastics and Biodegradable Plastics Packaging companies in 2021 (%)
The global Bioplastics and Biodegradable Plastics Packaging market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Starch Blends Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Bioplastics and Biodegradable Plastics Packaging include NatureWorks, BASF, Novamont, Futamura, Taghleef Industries, BIOTEC, Jinhui Zhaolong, API and Agrana Starke, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bioplastics and Biodegradable Plastics Packaging manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bioplastics and Biodegradable Plastics Packaging Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Bioplastics and Biodegradable Plastics Packaging Market Segment Percentages, by Type, 2021 (%)
Starch Blends
PLA
PBAT
Others
Global Bioplastics and Biodegradable Plastics Packaging Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Bioplastics and Biodegradable Plastics Packaging Market Segment Percentages, by Application, 2021 (%)
Flexible Packaging
Rigid Packaging
Global Bioplastics and Biodegradable Plastics Packaging Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Bioplastics and Biodegradable Plastics Packaging Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bioplastics and Biodegradable Plastics Packaging revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Bioplastics and Biodegradable Plastics Packaging revenues share in global market, 2021 (%)
Key companies Bioplastics and Biodegradable Plastics Packaging sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Bioplastics and Biodegradable Plastics Packaging sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
NatureWorks
BASF
Novamont
Futamura
Taghleef Industries
BIOTEC
Jinhui Zhaolong
API
Agrana Starke
Danimer Scientific
Zhejiang Hisun Biomaterials
Kaneka
Xinjiang Blue Ridge Tunhe Polyester
Mitsubishi Chemical