Global Biodegradable Plastic Market Size & Outlook
Global biodegradable plastic market, 2021-2033 (US$M)
Related Markets
Global biodegradable plastic market highlights
- The global biodegradable plastic market generated a revenue of USD 8,667.9 million in 2024 and is expected to reach USD 24,863.5 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 11.7% by 2033.
- In terms of segment, starch based accounted for a revenue of USD 4,338.0 million in 2024.
- PLA is the most lucrative process segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 8,667.9 million |
| Market revenue in 2033 | USD 24,863.5 million |
| Growth rate | 11.7% (CAGR from 2025 to 2033) |
| Largest segment | Starch based |
| Fastest growing segment | PLA |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBAT, PBS, PHA |
Other key industry trends
- In terms of revenue, the North America accounted for 29.7% of the global biodegradable plastic market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 3,771.5 million by 2033.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Plantic Technologies Ltd | View profile | 101-250 | Melbourne, Victoria, Australia, Oceania | http://www.plantic.com.au |
| Biome Technologies | View profile | 101-250 | Southampton, Southampton, United Kingdom, Europe | http://biometechnologiesplc.com/ |
| NatureWorks | View profile | 501-1000 | Minnetonka, Minnesota, United States, North America | http://www.natureworksllc.com |
| Danimer Scientific Inc Ordinary Shares - Class A | View profile | 257 | 140 Industrial Boulevard, Bainbridge, GA, United States, 39817 | https://www.danimerscientific.com |
| PTT Global Chemical PCL ADR | View profile | 6334 | Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 | https://www.pttgcgroup.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global biodegradable plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic market will help companies and investors design strategic landscapes.
Starch based was the largest segment with a revenue share of 50.05% in 2024. Horizon Databook has segmented the Global biodegradable plastic market based on starch based, pla, pbat, pbs, pha covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Biodegradable Plastic Process Outlook (Revenue, USD Million, 2021-2033)
- Starch Based
- PLA
- PBAT
- PBS
- PHA
- Others
- Global Biodegradable Plastic End Use Outlook (Revenue, USD Million, 2021-2033)
- Packaging
- Food Packaging
- Non-Food Packaging
- Agriculture
- Textiles
- Consumer Goods
- Others
- Packaging
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Target buyers of Global biodegradable plastic market databook
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Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biodegradable plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global biodegradable plastic market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global biodegradable plastic market size, by regions, 2021-2033 (US$M)
Top 10 countries: Biodegradable plastic market size, 2024 (US$M)
Global biodegradable plastic market share, by process, 2024 & 2030 (%, US$M)
Biodegradable plastic market: Opportunity assessment by country
Global biodegradable plastic market, by region, 2024 (US$M)
Related statistics
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