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Global Biobased Biodegradable Plastics Market to reach USD XX billion by 2027.

Global Biobased Biodegradable Plastics Market Size study, by Product Type (polyester starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate (PHA), other biobased biodegradable plastics) by Application (packaging, fibres, healthcare, agriculture, others) and Regional Forecasts 2021-2027

Product Code: CMPP-86046944
Publish Date: 17-10-2021
Page: 200

Global Biobased Biodegradable Plastics Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. Most plastics are made from fossil fuels, which contribute to increased greenhouse gas emissions and pollution. Bio-based plastics are fully or partially made from biological resources, rather than fossil raw materials. Biobased Biodegradable is being driven by growing Sustainable Packaging industry and favorable government initiatives & policies. For instance, according to as of 2020, biodegradable plastics, which includes PLA, PHA, starch blends and others, account for approximately 60 percent (over 1.2 million tonnes) of the total global bioplastics production capacities. By the year 2025 the production of biodegradable plastics is expected to increase to 1.8 million. this significant growth would be mainly due to Polyhydroxyalkanoates significant growth rates and new investments for PLA production in the US and in Europe. Also, in august 2020, Biome Bioplastics (UK’s leading developer of natural plastics) has been awarded funding of USD 0.30 million from the UK Government’s Innovate UK agency to support a new USD 0.39 million collaborative project to scale-up its novel compostable bioplastic materials in collaboration of the University of Nottingham’s Department of Chemical and Environmental Engineering. Also, with the increasing demand from end use industry and Shifting trends towards biodegradable plastics, the adoption & demand for Biobased Biodegradable Plastics is likely to increase the market growth during the forecast period. However, lack of awareness for biobased plastics and low durability as compared to conventional plastics are some of the major factors that impede the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Biobased Biodegradable Plastics market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to increasing demand sustainable packaging solutions in the region. Whereas, North America is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing adoption of biobased products and presence of leading players in the region would create lucrative growth prospects for the Biobased Biodegradable Plastics market across Asia-Pacific region.

Major market player included in this report are:
Natureworks (US)
BASF (Germany),
Novamont (Italy),
Total Corbion (Netherlands),
Biome Bioplastics (UK),
Toray Industries (Japan),
Fkur Kunstsoff (Germany),
Mitsubishi Chemical Holding Corporation (Japan),
Danimer Scientific (US),
Plantic Technologies (Australia)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
starch blends
poly lactic acid (PLA)
polyhydroxyalkanoate (PHA)
other biobased biodegradable plastics
By Application:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Biobased Biodegradable Plastics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Biobased Biodegradable Plastics Market, by Region, 2019-2027 (USD Billion)
1.2.2. Biobased Biodegradable Plastics Market, by Product Type, 2019-2027 (USD Billion)
1.2.3. Biobased Biodegradable Plastics Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biobased Biodegradable Plastics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biobased Biodegradable Plastics Market Dynamics
3.1. Biobased Biodegradable Plastics Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing Sustainable Packaging industry Favourable government initiatives.
3.1.2. Market Challenges Low durability as compared to conventional plastics Lack of awareness for biobased plastics
3.1.3. Market Opportunities Growing adoption from end use industries. Shifting trends towards biodegradable plastics.
Chapter 4. Global Biobased Biodegradable Plastics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Biobased Biodegradable Plastics Market, by Product Type
6.1. Market Snapshot
6.2. Global Biobased Biodegradable Plastics Market by Product Type, Performance – Potential Analysis
6.3. Global Biobased Biodegradable Plastics Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
6.4. Biobased Biodegradable Plastics Market, Sub Segment Analysis
6.4.1. polyester
6.4.2. starch blends
6.4.3. poly lactic acid (PLA)
6.4.4. cellulose
6.4.5. polyhydroxyalkanoate (PHA)
6.4.6. other biobased biodegradable plastics

Chapter 7. Global Biobased Biodegradable Plastics Market, by Application
7.1. Market Snapshot
7.2. Global Biobased Biodegradable Plastics Market by Application, Performance – Potential Analysis
7.3. Global Biobased Biodegradable Plastics Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Biobased Biodegradable Plastics Market, Sub Segment Analysis
7.4.1. packaging
7.4.2. fibres
7.4.3. healthcare
7.4.4. agriculture
7.4.5. others

Chapter 8. Global Biobased Biodegradable Plastics Market, Regional Analysis
8.1. Biobased Biodegradable Plastics Market, Regional Market Snapshot
8.2. North America Biobased Biodegradable Plastics Market
8.2.1. U.S. Biobased Biodegradable Plastics Market Product Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Biobased Biodegradable Plastics Market
8.3. Europe Biobased Biodegradable Plastics Market Snapshot
8.3.1. U.K. Biobased Biodegradable Plastics Market
8.3.2. Germany Biobased Biodegradable Plastics Market
8.3.3. France Biobased Biodegradable Plastics Market
8.3.4. Spain Biobased Biodegradable Plastics Market
8.3.5. Italy Biobased Biodegradable Plastics Market
8.3.6. Rest of Europe Biobased Biodegradable Plastics Market
8.4. Asia-Pacific Biobased Biodegradable Plastics Market Snapshot
8.4.1. China Biobased Biodegradable Plastics Market
8.4.2. India Biobased Biodegradable Plastics Market
8.4.3. Japan Biobased Biodegradable Plastics Market
8.4.4. Australia Biobased Biodegradable Plastics Market
8.4.5. South Korea Biobased Biodegradable Plastics Market
8.4.6. Rest of Asia Pacific Biobased Biodegradable Plastics Market
8.5. Latin America Biobased Biodegradable Plastics Market Snapshot
8.5.1. Brazil Biobased Biodegradable Plastics Market
8.5.2. Mexico Biobased Biodegradable Plastics Market
8.6. Rest of The World Biobased Biodegradable Plastics Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Nature Works (US) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. BASF (Germany),
9.2.3. Novamont (Italy),
9.2.4. Total Corbion (Netherlands),
9.2.5. Biome Bioplastics (UK),
9.2.6. Toray Industries (Japan),
9.2.7. Fkur Kunstsoff (Germany),
9.2.8. Mitsubishi Chemical Holding Corporation (Japan),
9.2.9. Danimer Scientific (US),
9.2.10. Plantic Technologies (Australia)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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