Biodegradable Plastics Market Size Unlocking New Opportunities for Success

PLA is biodegradable under specific conditions and is widely used in food packaging and disposable containers due to its favorable environmental profile.

WILMINGTON, DE, UNITED STATES, July 3, 2025 /EINPresswire.com/ -- Growing environmental concerns and the need for sustainable solutions are propelling the global biodegradable plastic market forward. Traditional plastics, primarily derived from fossil fuels, persist in the environment for hundreds of years, contributing significantly to land, ocean, and ecosystem pollution. In contrast, biodegradable plastics decompose through natural biological processes, offering an eco-friendly alternative that reduces long-term environmental impact.

According to a recent report published by Allied Market Research, titled “Biodegradable Plastic Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2023–2033,” the market was valued at $3.9 billion in 2023 and is projected to reach $9.1 billion by 2033, growing at a robust CAGR of 8.8% during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/6136

Growth Drivers & Opportunities:-

Primary Drivers:

- Rising environmental consciousness
- Increased regulatory pressures on plastic waste
- Growing consumer demand for sustainable alternatives

Key Opportunities:

- Technological advancements in biopolymer production
- Growing corporate sustainability initiatives and goals

Major Restraint:

- High production and material costs compared to conventional plastics

Segment Highlights:-

By Type – Polylactic Acid (PLA) Takes the Lead:

The Polylactic Acid (PLA) segment dominated the market in 2023, accounting for nearly one-third of total revenue. Derived from renewable resources like corn starch and sugarcane, PLA is biodegradable under specific conditions and is widely used in food packaging and disposable containers due to its favorable environmental profile.

By Application – Packaging Remains the Largest Segment:

The Packaging segment held more than 60% market share in 2023 and is expected to retain its dominance through 2033. As one of the largest contributors to plastic waste, packaging is under intense scrutiny. The rising preference for eco-friendly packaging solutions has significantly boosted demand for biodegradable alternatives.

Regional Analysis – Europe at the Forefront:

Europe led the global market in 2023, capturing over 40% of total revenue, and is projected to record the highest CAGR of 8.7% over the forecast period. The region’s strong environmental policies, including the EU Single-Use Plastics Directive and the Circular Economy Action Plan, are catalyzing demand for biodegradable materials. Widespread public awareness and supportive regulatory frameworks further enhance Europe's leadership in this sector.

Top Market Players:-

Key companies operating in the biodegradable plastic market include:

- BASF SE
- NatureWorks
- Total Corbion
- Novamont
- Biome Bioplastics
- Mitsubishi Chemical Holding Corporation
- Toray Industries
- Plantic Technologies
- Danimer Scientific
- Fkur Kunstsoff

These players are leveraging strategies such as product innovation, regional expansion, strategic partnerships, and mergers to strengthen their market positions and address the growing global demand.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/biodegradable-plastic-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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