1	INTRODUCTION	31
1.1	STUDY OBJECTIVES	31
1.2	MARKET DEFINITION	31
1.2.1	INCLUSIONS & EXCLUSIONS	31
1.3	MARKET SCOPE	32
1.3.1	MARKETS COVERED	32
FIGURE 1	BIODEGRADABLE PLASTICS MARKET SEGMENTATION	32
1.3.2	REGIONS COVERED	32
1.3.3	YEARS CONSIDERED	33
1.4	CURRENCY CONSIDERED	33
1.5	UNIT CONSIDERED	33
1.6	STAKEHOLDERS	33
1.7	SUMMARY OF CHANGES	34
2	RESEARCH METHODOLOGY	35
2.1	RESEARCH DATA	35
FIGURE 2	BIODEGRADABLE PLASTICS MARKET: RESEARCH DESIGN	35
2.1.1	SECONDARY DATA	36
2.1.1.1	Key data from secondary sources	36
2.1.2	PRIMARY DATA	37
2.1.2.1	Key data from primary sources	37
2.1.2.2	Primary interviews – demand and supply sides	37
2.1.2.3	Key industry insights	38
2.1.2.4	Breakdown of primary interviews	38
2.2	MARKET SIZE ESTIMATION	38
2.2.1	BOTTOM-UP APPROACH	39
FIGURE 3	BIODEGRADABLE PLASTICS MARKET: BOTTOM-UP APPROACH	39
2.2.2	TOP-DOWN APPROACH	39
FIGURE 4	BIODEGRADABLE PLASTICS MARKET: TOP-DOWN APPROACH	39
FIGURE 5	MARKET SIZE ESTIMATION: BIODEGRADABLE PLASTICS MARKET TOP-DOWN APPROACH	40
2.3	FORECAST NUMBER CALCULATION	40
FIGURE 6	DEMAND-SIDE FORECAST PROJECTIONS	40
2.4	DATA TRIANGULATION	41
FIGURE 7	BIODEGRADABLE PLASTICS MARKET: DATA TRIANGULATION	41
2.5	FACTOR ANALYSIS	42
2.6	RESEARCH ASSUMPTIONS	42
2.7	LIMITATIONS AND RISKS	43
2.8	RECESSION IMPACT	43
3	EXECUTIVE SUMMARY	44
FIGURE 8	PLA BIODEGRADABLE PLASTICS TO WITNESS FASTEST-GROWTH IN TYPE	45
FIGURE 9	PACKAGING TO LEAD OVERALL MARKET DURING FORECAST PERIOD	45
FIGURE 10	EUROPE TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	46
4	PREMIUM INSIGHTS	47
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIODEGRADABLE PLASTICS MARKET	47
FIGURE 11	EUROPE TO WITNESS HIGH GROWTH IN BIODEGRADABLE PLASTICS MARKET DURING FORECAST PERIOD	47
4.2	EUROPE: BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY AND COUNTRY	47
FIGURE 12	PACKAGING SEGMENT AND GERMANY LED MARKET IN EUROPE	47
4.3	BIODEGRADABLE PLASTICS MARKET, BY TYPE	48
FIGURE 13	PLA BIODEGRADABLE PLASTICS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	48
4.4	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY	48
FIGURE 14	PACKAGING TO LEAD MARKET BY 2028	48
4.5	BIODEGRADABLE PLASTICS MARKET, BY REGION	49
FIGURE 15	INDIA TO REGISTER HIGHEST CAGR IN BIODEGRADABLE PLASTICS MARKET	49
5	MARKET OVERVIEW	50
5.1	INTRODUCTION	50
5.2	MARKET DYNAMICS	50
FIGURE 16	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE BIODEGRADABLE PLASTICS MARKET	50
5.2.1	DRIVERS	51
5.2.1.1	Changing consumer preference toward eco friendly plastic products	51
TABLE 1	ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS	51
5.2.1.2	Increasing use of packaging and compostable bags	53
5.2.1.3	Government focus on green procurement policies and regulations	53
TABLE 2	REGULATIONS ON THE USE OF PLASTIC BAGS	54
5.2.2	RESTRAINTS	57
5.2.2.1	Higher price of biodegradable plastics compared to conventional plastics	57
5.2.3	OPPORTUNITIES	57
5.2.3.1	Development of new applications	57
5.2.3.2	High potential in emerging economies of Asia Pacific	57
5.2.4	CHALLENGES	58
5.2.4.1	Performance issues	58
5.2.4.2	Expensive and complex production process	58
5.2.4.3	Limited regulations related to biodegradable plastics in emerging economies	58
 
5.3	PORTER’S FIVE FORCES ANALYSIS	59
FIGURE 17	PORTER’S FIVE FORCES ANALYSIS	59
5.3.1	BARGAINING POWER OF SUPPLIERS	59
5.3.2	BARGAINING POWER OF BUYERS	60
5.3.3	THREAT OF SUBSTITUTES	60
5.3.4	THREAT OF NEW ENTRANTS	60
5.3.5	INTENSITY OF COMPETITIVE RIVALRY	61
TABLE 3	BIODEGRADABLE PLASTICS MARKET: PORTER’S FIVE FORCES ANALYSIS	61
5.4	VALUE CHAIN ANALYSIS	61
FIGURE 18	BIODEGRADABLE PLASTICS MARKET: VALUE CHAIN ANALYSIS	61
5.4.1	RAW MATERIAL SUPPLIERS	62
5.4.2	MANUFACTURERS	62
5.4.3	DISTRIBUTORS	62
5.4.4	END-CONSUMERS	62
5.5	REGULATORY LANDSCAPE	62
5.5.1	NORTH AMERICA	62
5.5.1.1	US	62
5.5.1.2	Canada	63
5.5.2	ASIA PACIFIC	63
5.5.3	EUROPE	64
5.5.4	REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS	65
TABLE 4	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	65
5.6	KEY CONFERENCES AND EVENTS, 2023–2024	66
TABLE 5	BIODEGRADABLE PLASTICS MARKET: KEY CONFERENCES AND EVENTS	66
5.7	KEY FACTORS AFFECTING BUYING DECISIONS	67
5.7.1	QUALITY	67
5.7.2	SERVICE	67
FIGURE 19	SUPPLIER SELECTION CRITERION	68
5.8	TRADE ANALYSIS	68
TABLE 6	IMPORT TRADE DATA OF PLA FOR TOP 10 COUNTRIES, 2018-2022 (USD THOUSAND)	69
TABLE 7	EXPORT TRADE DATA OF PLA FOR TOP COUNTRIES, 2018-2022 (USD THOUSAND)	69
5.9	ECOSYSTEM MAPPING	70
FIGURE 20	ECOSYSTEM	70
TABLE 8	BIODEGRADABLE PLASTICS: ECOSYSTEM	71
5.10	TECHNOLOGY ANALYSIS	71
5.10.1	ENZYMATIC RECYCLING OF POLYBUTYLENE ADIPATE TEREPHTHALATE	71
5.10.2	PHA BIODEGRADABLE BIOPLASTIC	72
 
5.10.3	BIODEGRADABLE PLASTIC MADE FROM RED FRUIT	72
5.10.4	3D PRINTING OF POLYBUTYLENE ADIPATE TEREPHTHALATE	72
5.10.5	BIOMEDICAL APPLICATIONS OF POLYBUTYLENE ADIPATE TEREPHTHALATE	72
5.11	CASE STUDY ANALYSIS	72
5.11.1	ECOVIO, A BIODEGRADABLE POLYESTER DEVELOPED BY BASF SE	72
5.11.2	ADOPTION OF PBAT RESIN TO PRODUCE BAGS	73
5.11.3	DEVELOPMENT OF POLYHYDROXYALKANOATES (PHA) BY DANIMER SCIENTIFIC	73
5.12	TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS	74
FIGURE 21	TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS IN BIODEGRADABLE PLASTICS MARKET	74
5.13	MACROECONOMIC INDICATORS	74
5.13.1	GDP TRENDS AND FORECAST	74
TABLE 9	PROJECTED REAL GROSS DOMESTIC PRODUCT GROWTH (ANNUAL PERCENT CHANGE)  OF KEY COUNTRIES, 2018–2025	75
TABLE 10	PRODUCTION OF AGRICULTURAL CROPS, BY COUNTRY, 2022 (THOUSAND TONS)	76
5.14	AVERAGE SELLING PRICE ANALYSIS	76
5.14.1	AVERAGE SELLING PRICE, BY REGION	76
FIGURE 22	AVERAGE SELLING PRICE, BY REGION (USD/KG)	76
5.14.2	AVERAGE SELLING PRICE, BY TYPE	77
TABLE 11	AVERAGE SELLING PRICE BASED ON TYPE (USD/KG)	77
FIGURE 23	AVERAGE SELLING PRICE, BY KEY PLAYER (USD/KG)	77
5.15	PATENT ANALYSIS	77
5.15.1	METHODOLOGY	78
5.15.2	DOCUMENT TYPES	78
FIGURE 24	PATENT APPLICATIONS SEGMENT TO ACCOUNT FOR HIGHEST COUNT SHARE IN LAST TEN YEARS	78
FIGURE 25	PUBLICATION TRENDS OVER LAST TEN YEARS	78
5.15.3	INSIGHTS	79
5.15.4	LEGAL STATUS	79
FIGURE 26	LEGAL STATUS OF PATENTS	79
5.15.5	JURISDICTION ANALYSIS	79
FIGURE 27	TOP JURISDICTIONS, BY DOCUMENT	79
5.15.6	TOP COMPANIES/APPLICANTS	80
TABLE 12	TOP TEN PATENT OWNERS IN LAST TEN YEARS	80
6	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY	81
6.1	INTRODUCTION	82
FIGURE 28	PACKAGING INDUSTRY TO DRIVE BIODEGRADABLE PLASTICS MARKET BETWEEN 2023 AND 2028	82
TABLE 13	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	82
TABLE 14	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	83
TABLE 15	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	83
TABLE 16	BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	83
6.2	PACKAGING	84
6.2.1	FOOD & BEVERAGE INDUSTRY TO DRIVE MARKET	84
6.2.2	FLEXIBLE PACKAGING	84
6.2.2.1	Growing consumer awareness for environmental safety to drive market	84
6.2.2.2	Bags	85
6.2.2.3	Pouches	85
6.2.2.4	Films and roll stocks	85
6.2.2.5	Others	85
6.2.3	RIGID PACKAGING	85
6.2.3.1	Increasing demand for cartons, bags, boxes, and containers to drive market	85
6.2.3.2	Bottle and jars	86
6.2.3.3	Trays	86
6.2.3.4	Tubs	86
6.2.3.5	Caps and closures	86
6.2.3.6	Others	86
6.3	CONSUMER GOODS	86
6.3.1	ELECTRICAL APPLIANCES	86
6.3.1.1	Demand from fast-moving consumer electronics to drive market	86
6.3.2	DOMESTIC APPLIANCES	87
6.3.2.1	Demand for biodegradable houseware to drive market	87
6.3.3	OTHERS	87
6.4	TEXTILE	87
6.4.1	MEDICAL & HEALTHCARE TEXTILES	88
6.4.1.1	Increasing demand for medical textiles to drive market	88
6.4.2	PERSONAL CARE, CLOTHES, AND OTHER TEXTILES	88
6.4.2.1	Increasing demand for thermoplastics fibers  to drive market	88
6.5	AGRICULTURE	88
6.5.1	TAPES & MULCH FILMS	88
6.5.1.1	Low labor and disposal costs to drive market	88
6.5.2	OTHERS	89
6.6	OTHERS	89
 
7	BIODEGRADABLE PLASTIC MARKET, BY TYPE	90
7.1	BIODEGRADABLE PLASTIC	91
FIGURE 29	POLYLACTIC ACID (PLA) TO LEAD OVERALL BIODEGRADABLE PLASTICS MARKET BETWEEN 2023 AND 2028	91
TABLE 17	BIODEGRADABLE PLASTICS MARKET, BY TYPE, 2019–2022 (KILOTON)	91
TABLE 18	BIODEGRADABLE PLASTICS MARKET, BY TYPE, 2023–2028 (KILOTON)	92
TABLE 19	BIODEGRADABLE PLASTICS MARKET, BY TYPE, 2019–2022 (USD MILLION)	92
TABLE 20	BIODEGRADABLE PLASTICS MARKET, BY TYPE, 2023–2028 (USD MILLION)	92
7.2	POLYLACTIC ACID (PLA)	93
7.2.1	PLA IS MORE ECONOMICAL COMPARED TO OTHER BIODEGRADABLE PLASTICS	93
7.3	STARCH BLENDS	93
7.3.1	TENSILE STRENGTH AND ELONGATION PROPERTIES TO DRIVE MARKET	93
7.4	POLYHYDROXYALKANOATES (PHA)	94
7.4.1	INCREASING DEMAND FOR LIQUID PACKAGING TO DRIVE MARKET	94
7.5	BIODEGRADABLE POLYESTERS	94
7.5.1	POLYCAPROLACTONE (PCL)	94
7.5.1.1	PCL properties such as toughness, flexibility, compression set, and tear strength to drive market	94
7.5.2	POLYBUTYLENE ADIPATE TEREPHTHALATE (PBAT)	94
7.5.2.1	Packaging, flexible film, and mulch film applications to drive market	94
7.5.3	POLYBUTYLENE SUCCINATE (PBS)	95
7.5.3.1	Cost-effectiveness of PBS to drive market	95
TABLE 21	MAJOR SUPPLIERS OF PBS	95
7.6	OTHERS	96
7.6.1	REGENERATIVE CELLULOSE	96
7.6.1.1	Cellulose derivatives	96
8	BIODEGRADABLE PLASTIC MARKET, BY REGION	97
8.1	INTRODUCTION	98
FIGURE 30	CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD	98
TABLE 22	BIODEGRADABLE PLASTIC MARKET, BY REGION, 2019–2022 (USD MILLION)	98
TABLE 23	BIODEGRADABLE PLASTIC MARKET, BY REGION, 2023–2028 (USD MILLION)	99
TABLE 24	BIODEGRADABLE PLASTIC MARKET, BY REGION, 2019–2022 (KILOTON)	99
TABLE 25	BIODEGRADABLE PLASTIC MARKET, BY REGION, 2023–2028 (KILOTON)	99
8.2	ASIA PACIFIC	100
FIGURE 31	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET SNAPSHOT	100
TABLE 26	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (USD MILLION)	101
TABLE 27	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (USD MILLION)	101
TABLE 28	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2019–2022 (KILOTON)	101
TABLE 29	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2023–2028 (KILOTON)	102
TABLE 30	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	102
TABLE 31	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	102
TABLE 32	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	103
TABLE 33	ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	103
8.2.1	RECESSION IMPACT ON ASIA PACIFIC	103
8.2.2	CHINA	104
8.2.2.1	Ban on single-use plastics to drive market	104
TABLE 34	CHINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	104
TABLE 35	CHINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	105
TABLE 36	CHINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	105
TABLE 37	CHINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	105
8.2.3	JAPAN	106
8.2.3.1	Increasing focus on R&D for biodegradable plastic to drive market	106
TABLE 38	JAPAN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	106
TABLE 39	JAPAN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	107
TABLE 40	JAPAN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	107
TABLE 41	JAPAN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	107
8.2.4	INDIA	108
8.2.4.1	Increasing application of biodegradable plastics in agricultural industry to drive market	108
TABLE 42	INDIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	108
TABLE 43	INDIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	109
TABLE 44	INDIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	109
TABLE 45	INDIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	109
8.2.5	SOUTH KOREA	110
8.2.5.1	Environmental sustainability to drive market	110
TABLE 46	SOUTH KOREA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	110
TABLE 47	SOUTH KOREA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	111
TABLE 48	SOUTH KOREA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	111
TABLE 49	SOUTH KOREA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	111
8.2.6	REST OF ASIA PACIFIC	112
TABLE 50	REST OF ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	112
TABLE 51	REST OF ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	112
TABLE 52	REST OF ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	113
TABLE 53	REST OF ASIA PACIFIC: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	113
8.3	EUROPE	113
FIGURE 32	EUROPE: BIODEGRADABLE PLASTIC MARKET SNAPSHOT	114
TABLE 54	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	114
TABLE 55	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	115
TABLE 56	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2019–2022 (KILOTON)	115
TABLE 57	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2023–2028 (KILOTON)	115
TABLE 58	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	116
TABLE 59	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	116
TABLE 60	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	116
TABLE 61	EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	117
8.3.1	RECESSION IMPACT ON EUROPE	117
8.3.2	GERMANY	117
8.3.2.1	Growth of packaging industry to drive market	117
TABLE 62	GERMANY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	118
TABLE 63	GERMANY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	118
TABLE 64	GERMANY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	118
TABLE 65	GERMANY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	119
8.3.3	UK	119
8.3.3.1	Increasing focus on policies implementation and regulations to drive market	119
TABLE 66	UK: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	119
TABLE 67	UK: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	120
TABLE 68	UK: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	120
TABLE 69	UK: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	120
8.3.4	FRANCE	121
8.3.4.1	Demand for sustainable packaging to drive market	121
TABLE 70	FRANCE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	121
TABLE 71	FRANCE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	122
TABLE 72	FRANCE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	122
TABLE 73	FRANCE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	122
8.3.5	ITALY	123
8.3.5.1	Growth of packaging industry to drive market	123
TABLE 74	ITALY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	123
TABLE 75	ITALY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	124
TABLE 76	ITALY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	124
TABLE 77	ITALY: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	124
8.3.6	SPAIN	125
8.3.6.1	Increasing demand for food & beverage packaging to drive market	125
TABLE 78	SPAIN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	125
TABLE 79	SPAIN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	125
TABLE 80	SPAIN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	126
TABLE 81	SPAIN: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	126
8.3.7	REST OF EUROPE	126
TABLE 82	REST OF EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	127
TABLE 83	REST OF EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	127
TABLE 84	REST OF EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	127
TABLE 85	REST OF EUROPE: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	128
 
8.4	NORTH AMERICA	128
FIGURE 33	NORTH AMERICA: MARKET SNAPSHOT	129
TABLE 86	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (USD MILLION)	129
TABLE 87	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (USD MILLION)	130
TABLE 88	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (KILOTON)	130
TABLE 89	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (KILOTON)	130
TABLE 90	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	130
TABLE 91	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	131
TABLE 92	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	131
TABLE 93	NORTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	131
8.4.1	RECESSION IMPACT ON NORTH AMERICA	132
8.4.2	US	132
8.4.2.1	Increasing focus sustainable packaging products to drive market	132
TABLE 94	US: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	132
TABLE 95	US: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	133
TABLE 96	US: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	133
TABLE 97	US: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	133
8.4.3	CANADA	134
8.4.3.1	Growing demand for sustainable packaging to drive market	134
TABLE 98	CANADA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	134
TABLE 99	CANADA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	134
TABLE 100	CANADA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	135
TABLE 101	CANADA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	135
8.4.4	MEXICO	135
8.4.4.1	Skilled workforce, geographic advantages, political and economic stability to drive market	135
TABLE 102	MEXICO: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	136
TABLE 103	MEXICO: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	136
TABLE 104	MEXICO: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	136
TABLE 105	MEXICO: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	137
8.5	SOUTH AMERICA	137
TABLE 106	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (USD MILLION)	137
TABLE 107	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (USD MILLION)	137
TABLE 108	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (KILOTON)	138
TABLE 109	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (KILOTON)	138
TABLE 110	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	138
TABLE 111	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	139
TABLE 112	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	139
TABLE 113	SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	139
8.5.1	BRAZIL	140
8.5.1.1	Rising demand for sustainable packaging solutions from agricultural sector to drive market	140
TABLE 114	BRAZIL: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	140
TABLE 115	BRAZIL: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	140
TABLE 116	BRAZIL: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	141
TABLE 117	BRAZIL: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	141
8.5.2	ARGENTINA	141
8.5.2.1	Rising demand for environmentally friendly packaging materials to drive market	141
TABLE 118	ARGENTINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	142
TABLE 119	ARGENTINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	142
TABLE 120	ARGENTINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	142
TABLE 121	ARGENTINA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	143
8.5.3	REST OF SOUTH AMERICA	143
TABLE 122	REST OF SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	143
TABLE 123	REST OF SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	143
TABLE 124	REST OF SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	144
TABLE 125	REST OF SOUTH AMERICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	144
8.6	MIDDLE EAST & AFRICA	144
TABLE 126	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (USD MILLION)	145
TABLE 127	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (USD MILLION)	145
TABLE 128	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2019–2022 (KILOTON)	145
TABLE 129	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY COUNTRY,  2023–2028 (KILOTON)	145
TABLE 130	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	146
TABLE 131	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	146
TABLE 132	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	146
TABLE 133	MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	147
8.6.1	SAUDI ARABIA	147
8.6.1.1	Decision of SASO to limit application of technical regulations to drive market	147
TABLE 134	SAUDI ARABIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	147
TABLE 135	SAUDI ARABIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	148
TABLE 136	SAUDI ARABIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	148
TABLE 137	SAUDI ARABIA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	148
8.6.2	SOUTH AFRICA	149
8.6.2.1	Advancements in bioplastics research and innovation to drive market	149
TABLE 138	SOUTH AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	149
TABLE 139	SOUTH AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	149
TABLE 140	SOUTH AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	150
TABLE 141	SOUTH AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	150
8.6.3	REST OF MIDDLE EAST & AFRICA	150
TABLE 142	REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	151
TABLE 143	REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	151
TABLE 144	REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	151
TABLE 145	REST OF MIDDLE EAST & AFRICA: BIODEGRADABLE PLASTIC MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	152
9	COMPETITIVE LANDSCAPE	153
9.1	OVERVIEW	153
TABLE 146	COMPANIES ADOPTED INVESTMENTS & EXPANSIONS, AND ACQUISITIONS AS KEY GROWTH STRATEGIES BETWEEN 2018–2023	153
9.2	RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022	155
FIGURE 34	RANKING OF TOP FIVE PLAYERS IN THE BIODEGRADABLE PLASTICS  MARKET, 2022	155
9.3	MARKET SHARE ANALYSIS	155
FIGURE 35	BIODEGRADABLE PLASTICS MARKET SHARE, BY COMPANY (2022)	155
TABLE 147	BIODEGRADABLE PLASTICS MARKET: DEGREE OF COMPETITION	156
9.4	REVENUE ANALYSIS OF TOP PLAYERS	157
TABLE 148	BIODEGRADABLE PLASTICS MARKET: REVENUE ANALYSIS (USD)	157
9.5	MARKET EVALUATION MATRIX	158
TABLE 149	MARKET EVALUATION MATRIX	158
9.6	COMPANY EVALUATION MATRIX	159
9.6.1	STARS	159
9.6.2	PERVASIVE PLAYERS	159
9.6.3	EMERGING LEADERS	159
9.6.4	PARTICIPANTS	159
FIGURE 36	BIODEGRADABLE PLASTICS MARKET: COMPANY EVALUATION MATRIX, 2022	160
9.7	COMPANY END-USE INDUSTRY FOOTPRINT	161
9.8	COMPANY TYPE FOOTPRINT	162
9.9	COMPANY REGION FOOTPRINT	163
9.10	BUSINESS PRODUCT FOOTPRINT	164
9.11	START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX	165
9.11.1	PROGRESSIVE COMPANIES	165
9.11.2	RESPONSIVE COMPANIES	165
9.11.3	STARTING BLOCKS	165
9.11.4	DYNAMIC COMPANIES	165
FIGURE 37	BIODEGRADABLE PLASTICS MARKET: STARTUPS AND SMES MATRIX, 2022	166
9.12	COMPETITIVE SCENARIO	167
9.12.1	PRODUCT LAUNCHES	167
TABLE 150	PRODUCT LAUNCHES, 2018–2023	167
9.12.2	DEALS	168
TABLE 151	BIODEGRADABLE PLASTICS: DEALS, 2018—2023	168
9.12.3	OTHER DEVELOPMENTS	174
TABLE 152	OTHER DEVELOPMENTS, 2017–2023	174
 
10	COMPANY PROFILES	176
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
10.1	KEY PLAYERS	176
10.1.1	NATUREWORKS LLC	176
TABLE 153	NATUREWORKS LLC: COMPANY OVERVIEW	176
TABLE 154	NATUREWORKS LLC: PRODUCT OFFERED	176
TABLE 155	NATUREWORKS LLC: PRODUCT LAUNCHES	177
TABLE 156	NATUREWORKS LLC: DEALS	178
TABLE 157	NATUREWORKS: OTHERS	179
10.1.2	BASF SE	181
TABLE 158	BASF SE: COMPANY OVERVIEW	181
FIGURE 38	BASF SE: COMPANY SNAPSHOT	182
TABLE 159	BASF SE: PRODUCT OFFERED	182
TABLE 160	BASF SE: PRODUCT LAUNCHES	183
TABLE 161	BASF SE: DEALS	183
10.1.3	TOTALENERGIES CORBION	185
TABLE 162	TOTALENERGIES CORBION: COMPANY OVERVIEW	185
TABLE 163	TOTALENERGIES CORBION: PRODUCT OFFERED	185
TABLE 164	TOTALENERGIES CORBION: PRODUCT LAUNCHES	185
TABLE 165	TOTALENERGIES CORBION: DEALS	186
TABLE 166	TOTALENERGIES CORBION: OTHERS	187
10.1.4	MITSUBISHI CHEMICAL GROUP CORPORATION	188
TABLE 167	MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW	188
FIGURE 39	MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT	189
TABLE 168	MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCT OFFERED	189
TABLE 169	MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCT LAUNCHES	190
TABLE 170	MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS	190
10.1.5	BIOME BIOPLASTICS	192
TABLE 171	BIOME BIOPLASTICS: COMPANY OVERVIEW	192
TABLE 172	BIOME BIOPLASTICS: PRODUCT OFFERINGS	192
TABLE 173	BIOME BIOPLASTICS: DEALS	193
TABLE 174	BIOME BIOPLASTICS: PRODUCT LAUNCHES	193
TABLE 175	BIOME BIOPLASTICS: OTHERS	194
10.1.6	PLANTIC TECHNOLOGIES	195
TABLE 176	PLANTIC TECHNOLOGIES: COMPANY OVERVIEW	195
TABLE 177	PLANTIC TECHNOLOGIES: PRODUCT OFFERED	195
10.1.7	BIO-ON	196
TABLE 178	BIO-ON: COMPANY OVERVIEW	196
TABLE 179	BIO-ON: PRODUCT OFFERED	196
 
TABLE 180	BIO-ON: DEALS	197
TABLE 181	BIO-ON: OTHERS	197
10.1.8	DANIMER SCIENTIFIC	199
TABLE 182	DANIMER SCIENTIFIC: COMPANY OVERVIEW	199
TABLE 183	DANIMER SCIENTIFIC: PRODUCT OFFERED	199
TABLE 184	DANIMER SCIENTIFIC: PRODUCT LAUNCHES	199
TABLE 185	DANIMER SCIENTIFIC: DEALS	200
TABLE 186	DANIMER SCIENTIFIC: OTHERS	201
10.1.9	TORAY INDUSTRIES	202
TABLE 187	TORAY INDUSTRIES: COMPANY OVERVIEW	202
TABLE 188	TORAY INDUSTRIES: PRODUCT OFFERED	202
TABLE 189	TORAY INDUSTRIES: PRODUCT LAUNCHES	202
TABLE 190	TORAY INDUSTRIES: DEALS	203
10.1.10	NOVAMONT	204
TABLE 191	NOVAMONT: COMPANY OVERVIEW	204
TABLE 192	NOVAMONT: PRODUCT OFFERINGS	204
TABLE 193	NOVAMONT: PRODUCT LAUNCHES	204
TABLE 194	NOVAMONT: DEALS	205
TABLE 195	NOVAMONT: OTHERS	206
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
10.2	OTHER PLAYERS	207
10.2.1	ZHEJIANG HISUN BIOMATERIALS	207
10.2.2	FKUR KUNSTSTOFF GMBH	207
10.2.3	BIO-FED	208
10.2.4	GREEN DOT BIOPLASTICS	208
10.2.5	SYNBRA TECHNOLOGY	209
10.2.6	SPHERE	209
10.2.7	TIANAN BIOLOGIC MATERIALS	210
10.2.8	SUCCINITY	210
10.2.9	CARBIOLICE	211
10.2.10	AGRANA	211
10.2.11	FUTERRO	212
10.2.12	EASTMAN CHEMICAL COMPANY	212
10.2.13	INGEVITY	213
10.2.14	PTT MCC BIOCHEM	213
10.2.15	YIELD 10 BIOSCIENCE	214
 
11	APPENDIX	215
11.1	INSIGHTS FROM INDUSTRY EXPERTS	215
11.2	DISCUSSION GUIDE	216
11.3	KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL	219
11.4	CUSTOMIZATIONS OPTIONS	221
11.5	RELATED REPORTS	221
11.6	AUTHOR DETAILS	222
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