#polybutylene adipate terephthalate market

[coldpenguintaco]

Innovations in Bioplastics: Polybutylene Adipate Terephthalate Market Projected to Grow to $2.8 Billion by 2027

The Polybutylene Adipate Terephthalate Market size is projected to reach USD 2.8 billion by 2027, at a CAGR of 13.1% from USD 1.5 billion in 2022. The increasing demand from the packaging and consumer goods industry coupled with the new developing technologies, will contribute to the rapid growth in the demand for PBAT. Download PDF…

[vaiswr]

Polybutylene Adipate Terephthalate Market Analysis By Industry Share, Merger, Acquisition, Size Estimation, Statistics, Overview, and Forecast till 2032

The global Polybutylene Adipate Terephthalate (PBAT) Market size was USD 1.46 billion in 2022 and is expected to register a rapid revenue CAGR of 12.9% during the forecast period. Increasing use of biodegradable plastics by consumers and rising demand for PBAT due to packaging applications are major factors driving market revenue growth.

[chemanalystdata]

Polybutylene Adipate Terephthalate (PBAT) Resin Prices: Market Analysis, Trend, News, Graph and Demand

North America

The PBAT market in North America experienced a mixed price trend. During the first half of the quarter, prices declined due to several market headwinds. A seasonal dip in demand from downstream sectors—such as sustainable packaging, textiles, and consumer goods—led to reduced PBAT consumption.

Economic indicators also signaled a slight slowdown in overall economic activity, further weakening demand. Meanwhile, an influx of imports, particularly from countries with ramped-up production capacities like China and Vietnam, created an oversupply situation that put additional downward pressure on prices. Inventory adjustments by producers and distributors further added to the surplus, intensifying the price decline.

In contrast, the second half of the quarter saw price stabilization, supported by steadier market dynamics. Despite lingering economic pressures and global shipping disruptions, demand for eco-friendly packaging remained consistent, bolstered by growing consumer preferences and supportive regulations. Stable production and raw material availability—particularly adipic acid and 1,4-butanediol (BDO)—also contributed to market equilibrium. By the end of December 2024, PBAT prices in the U.S. settled at USD 1630/MT, CFR Los Angeles. This marked a 13% increase from the previous quarter, signaling a balanced market despite earlier volatility.

Get Real time Prices for Polybutylene Adipate Terephthalate (PBAT) Resin: https://www.chemanalyst.com/Pricing-data/polybutylene-adipate-terephthalate-resin-1219

Asia-Pacific (APAC)

The PBAT market in the APAC region also exhibited a mixed performance in Q4 2024, with prices declining in the early part of the quarter and recovering modestly later on.

In the first half, bearish market sentiment prevailed, driven by weaker demand from key downstream sectors, including sustainable packaging, which experienced a temporary slowdown. Increased domestic output in China led to an oversupplied market, while broader economic deceleration and subdued manufacturing activity further pressured prices. Additional factors such as reduced demand from textile and agricultural sectors, along with declining raw material costs, contributed to lower production costs and downward price movement.

However, in the latter half of the quarter, the market saw signs of recovery. Growing environmental awareness and government initiatives promoting sustainable materials boosted demand, particularly in the packaging industry. With a stable supply of raw materials and improved production efficiencies, prices edged higher. By the end of December 2024, PBAT prices in China closed at USD 1410/MT, FOB Qingdao—representing a 7% increase compared to the previous quarter and indicating a modest market rebound.

Europe

The PBAT market in Europe—particularly in Germany—exhibited a mixed pricing pattern. The first half of the quarter saw a downward trend in prices, largely driven by seasonal demand slowdowns and a slight economic contraction. These factors weakened demand from key sectors such as sustainable packaging. Concurrently, improved plant efficiencies and increased domestic production led to excess supply, putting additional pressure on prices. A decrease in the cost of raw materials, including adipic acid and terephthalic acid, further reduced manufacturing costs, enabling price cuts.

The second half of the quarter, however, brought price stabilization. Steady demand, supported by ongoing consumer interest in sustainable solutions and regulatory measures, helped balance the market. Despite logistical challenges such as port congestion during the holiday period, supply chains remained resilient, and raw material availability was consistent. By the end of December 2024, PBAT prices in Germany stood at USD 1870/MT, FOB Hamburg—reflecting a 10% quarter-on-quarter increase and signaling a return to market stability following earlier declines.

Get Real time Prices for Polybutylene Adipate Terephthalate (PBAT) Resin: https://www.chemanalyst.com/Pricing-data/polybutylene-adipate-terephthalate-resin-1219

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[kaiasky]

yall she's still around. the time between "oh hey, i can do this in a lab" and "i can do this in an industrial capacity and at a cost that's reasonable and with the variety of structural properties people want out of common plastics" is a long one, and not all things you can do in a lab are particularly easy to scale up.

In particular nopales are... not particularly known for being a "produces tons of biomass very rapidly and harvest in bulk with machinery" kind of plant. And the plastic here, according to the news articles, composts within 2-3 days when submerged in water. which is awesome, but it also means it's not ideal for holding your moist pb&j or being the wrap over a chicken breast or w/e.

Here's an excerpt from a 2023 opinion/survey piece from Dr. Sandra Pascoe Ortiz (the lady in this bbc video) and i wanna draw your attention to the fact that she is NOT saying "i have solved plastic with my nopales, and I need protection from big oil hitmen" she's saying "collectively we've made a lot of progress on this, but it's a complicated problem and there's a lot of issues we still need to solve with the science, industrial engineering, economics, politics, and social awareness"

... [some] Bioplastics may come from biological material but are chemically the same as petroleum-derived plastic, the only thing that changes is the source from which they are obtained; for example, with Bio-polyethylene terephthalate (Bio-PET), the "Bio" only indicates that its origin is vegetable. This compound is neither biodegradable nor compostable, it is considered a bioplastic only because of its origin. The environmental benefit of this type of material is that, because it comes from a plant, a certain amount of carbon dioxide is captured during the production of its raw material (during the life of those plants). In general terms, the production process of bioplastics compared to petroleum-derived plastics has less of an environmental impact in terms of the balance of greenhouse gas emissions.

It is also important to note that the fact that a bioplastic is biodegradable or compostable does not mean that it can be thrown anywhere and will just disappear. Most biodegradable or compostable bioplastic waste requires processing under controlled conditions to be incorporated back into nature: they must be composted at industrial level. For example, polylactic acid (PLA) takes 80 years in the open air to biodegrade or, if composted industrially, takes days or a few months depending on the conditions of the process.

The market for both biodegradable and non-biodegradable bioplastics is growing and these materials have been gaining ground over petroleum-based plastics (although not enough). The main biodegradable bioplastics on the market are polybutylene adipate terephthalate (PBAT), PLA, starch blends, polybutylene succinate (PBS), cellulose films and polyhydroxyalcanoates (PHAs). According to data from European Bioplastic in cooperation with the Nova-Institute from 2021, the most common applications of these materials are in flexible and rigid packaging, consumer goods, textile fibers and in agriculture, and it is projected that by 2026 the production of biodegradable bioplastics will be considerably higher than that of non-biodegradable bioplastics.

Bioplastics have several drawbacks. Some the raw materials they use are often also used for food, there is not enough production and their costs are higher than those of conventional plastics. It is often the consumer who has to absorb the price difference and is not in a position to do so, adding another reason why, so far, they have not been able to significantly displace petroleum-based plastics. Bioplastics and biodegradable plastics are part of the solution to the problem of plastic pollution, as they generally have reduced environmental impacts in their production processes and, in some cases, because it is feasible to treat their waste, but they are not the only and absolute solution; the problem of plastic pollution is more complex and is still far from being completely solved. For these materials to reach their full potential, it will be essential to have regulations to regulate their production, certifications in terms of biodegradability and proper education for buyers to choose products that help in the conservation of the environment.

Finally, it should be remembered that pollution is mainly generated by the misuse of materials and poor disposal of their waste. The real problem is the abuse of plastic materials, whether they are biodegradable or not, since they are mainly used in containers, packaging and single-use products, and most of the time they are discarded not because they are useless or their useful life has ended, but because of the convenience of using and throwing away. Certain quantities of plastics can be recycled; however, when they are mixed with other types of waste they become contaminated and when different types of plastic are not adequately separated, this recycling becomes practically impossible. Nevertheless, the recycling of some bioplastics has not yet been trialed, not because it cannot be done, but because of the small quantities of these materials compared to conventional plastics, which makes it practically unaffordable. So, instead of blaming plastic materials for existing environmental pollution, we need to look closely at how we use resources and dispose of waste. No matter how many bioplastics or "environmentally friendly" materials there are, if we do not reduce the production of these types of materials and consequently their waste, there will be no real solutions. We need to be aware of what we consume, support initiatives that promote environmental care and demand the commitment of governments to legislate and enforce laws, as well as encouraging businesses to change their materials and production proceses.

Like, not to put too fine a point on it, but if your response every time you see a news article about some tech and it doesn't immediately fundamentally transform society is "must have been suppressed by the elites and their killsquads", you WILL end up drinking the conspiracy kool-aid. And I also think it's disrespectful to scientists like Pascoe Ortiz to imagine that the science is fundamentally easy, instead of something that takes years of dedication and hard work and many false-starts and dead ends! If you're impressed by her work then,.. put some respect on her and her colleagues work!

/rant

[snehalblog]

Polybutylene Adipate Terephthalate Market: A Sustainable Alternative in the Plastics Industry - UnivDatos

According to a new report by UnivDatos, the Polybutylene Adipate Terephthalate Market was valued at USD 1382 Million in 2023 and growing at a CAGR of 8.7%. Polybutylene Terephthalate (PBT) is a high-performance engineering plastic material that is used in a variety of applications because of its high mechanical, chemical, and thermal performances. Polybutylene terephthalate known as PBT is a member of the polyester family, mainly used in automotive, electrical, and electronics, and some consumer durable applications. The PBT market is predicted to grow rapidly in the next few years due to new developments, key player activity, and the support for sustainable materials by authorities.

Get Access to Sample PDF Here- https://univdatos.com/reports/polybutylene-adipate-terephthalate-market?popup=report-enquiry

The dynamic changes in the PBT market are due to the advancement in technology introduction of new materials and the growing concern about green solutions. One of the most prominent trends has been the shift toward the use of bio-based PBT as companies seek to depend on fossil fuels. Bio-based PBT plastics also have mechanical properties similar to the non-bio-based PBT but are recyclable and have a lower carbon footprint since it is derived from bio-based carbon sources. In addition to PBT growth, the increases in the environmental friendliness of PBT are also beneficial; one of these is the enhancement of the recyclability of PBT. With industries and governments adopting circular economy concepts, the market for recycled material has witnessed a boost. Due to this, many corporations are seeking to buy technologies that enable recycling of PBT without a major degradation of the properties of this material. This is considerably significant in industries such as automotive and electronics where the minimization of wastes is highly valued.

Government Support and Regulations:

Government policies and environmental standards have been instrumental to the existing and potential market for PBT. Due to worrying trends of plastic pollution and environmental degradation, governments around the globe are enacting measures that foster the adoption of eco-friendly and reusable materials. For instance, in Europe and North America, the strict regulation on the use of plastics has prompted industries to use more of bio-based and recyclable PBT.

The EU has been particularly proactive in the promotion of sustainable materials as part of the research for future products. The EU intends to cut out plastic waste in the environment via measures that also include the European Green Deal and the circular economy action plan. Such policies are expected to boost the demand for bio-based PBT in the automotive and consumer goods industries among others.

In North America, sustainability policies of the government are trying to look for ways how to implement themselves. Biopolymers have been some of the green materials that the US government has been supporting to be developed through various projects. The rise in the Sustainability policies and the initiatives taken to reduce greenhouse gas emissions will in turn continue to fuel the growth of the bio-based PBT market in the forecast period in the region.

Sustainable material is also being supported by the governmental bodies in the Asia Pacific region, especially China and Japan. China remains the largest global producer of plastics hence, has enacted measures to reduce consumption of plastics, especially the single-use type. Japan has also been promoting bio-based and biodegradable plastics in the country to assist the country in attaining a brown economy more effectively. These government policies are expected to contribute towards the development of the PBT market in the next few years.

Future Outlook and Growth Opportunities:

Based on technological developments, industry requirements, and government support for sustainable materials, it is anticipated that the PBT market has a favorable outlook. The automotive industry is one of the attractive markets for PBT, specifically, the market of electric vehicles, or EVs. Consequently, with the growth in the adoption of EVs, there will be a corresponding growth in the necessity for lightweight yet high-performing materials like the PBT. Due to properties such as high heat resistance, durability, and electrical resistance, PBT can be effectively incorporated into EV parts, particularly the casings of batteries and connectors, as well as sensors.

Subsequently, the PBT market will remain fuelled by the trend in sustainability. From the increasing environmental consciousness of industries and consumers, there will be a gradual shift towards bio-based and recyclable PBT. Companies that could dedicate their resources to developing sustainable PBT solutions have a chance to fit this market niche. Moreover, the circular economy model that involves the reuse and recycling of the materials would open a wider market for the recyclable PBT. The Asia-Pacific is expected to emerge as the leading PBT market owing to the increasing industrialization, urbanization trends, and the growing demand for superior performance materials across the automotive, electronics, and consumer goods industries. The market of PBT is expected to grow at a fast pace and China in particular will be instrumental in the growth of the market due to the abundant manufacturing companies in China. Amid escalating concern for sustainable living and non-plastic waste management in the region, governments have undertaken several measures towards its reduction; thus, will offer great growth opportunities for PBT makers.

For More Detailed Analysis, Please Visit- https://univdatos.com/reports/polybutylene-adipate-terephthalate-market

Conclusion:

In Conclusion, the market size of PBT is expected to grow rapidly in the following years due to the growth of high-technology industries, demand from essential end-use sectors, and backing of the government for eco-friendly products. Businesses that aim at producing new and improved products, embracing more sustainable and eco-friendly practices, and increasing their production capacities are likely to thrive in this changing environment.

[global-research-report]

Biodegradable Plastics: Redefining Packaging & Consumer Goods

The North America biodegradable plastic market size is expected to reach USD 2,333.1 million by 2030, registering a CAGR of 9.6% during the forecast period, according to a new report by Grand View Research, Inc. With rising concerns about the use of plastics, an increase in demand for alternatives used for plastics has been observed in the market. With the pace of innovation and new product development, manufacturers in the market are shifting their focus toward the development of biodegradable plastics. Companies are continuously developing product lines using biodegradable and recycled materials to address the concerns regarding the toxic effects of plastic waste. A large number of small and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame.

This shift has further gained pace since the outbreak of the coronavirus as it has severely affected consumer buying behavior and their preference when choosing products and services. Consumers are now more conscious of the environmental impact, recyclability, and decomposition time in landfills of the products. This is likely to compel customers to buy products made from biodegradable plastics over those made from conventional plastics.

Even though biodegradable plastics are gaining popularity all over the world, their high cost as compared to conventional plastics is the major factor restraining the market growth. Currently, low prices of conventional plastics are making biodegradable plastics difficult to achieve competitive pricing. Apart from the cost, the lack of infrastructures such as waste collection and composting is an uphill challenge. The average price of biodegradable plastics ranges between USD 3.35 and USD 4.69 per kg, which is slightly costlier than that of other conventional polymers.

Although biodegradable plastics have several advantages over conventional plastics, they cannot be used to completely replace petroleum-based plastics owing to the low durability of biodegradable plastics. The cost of machinery and molds needed for the production of biodegradable plastics products is high. The manufacturing of biodegradable plastics products requires advanced technology with highly skilled labor to handle the same. The high initial investment is projected to challenge the market growth during the forecast period.

North America Biodegradable Plastic Market Report Highlights

In terms of revenue, the polybutylene adipate Terephthalate (PBAT) type accounted for a prominent share of the market in 2021 and is further expected to witness prominent growth during  the forecast period owing to its excellent toughness and high flexibility compared to its counterparts are paving way for its use in industries such as packaging, medical, and agriculture

Consumer goods application is one of the key segments of the biodegradable plastics market in North America. The key consumer goods considered under this segment are electronic devices, household appliances, and others. Several products such as vacuum cleaners, loudspeakers, touchscreen computer casings, and mobile casings are also developed from the biodegradable plastics

As of 2021, the U.S. accounted for more than 80.0% of the market share in terms of revenue. The U.S. biodegradable plastics market has been witnessing a significant rise in demand owing to the increasing usage of biodegradable plastics for medical applications. Biodegradable plastics such as PLA are being increasingly used for manufacturing personal protection equipment such as masks, face shields, and other medical equipment

The North America biodegradable plastics market is fragmented with the presence of various major players along with some small and medium-sized regional players. The North American players face intense competition from each other as well as from regional players having a well-established supply chain network and are aware of the regulations and suppliers across markets

Companies in the market compete based on the quality of products offered and the technology used for the production of biodegradable plastics. Major players are involved in mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investment in the research & development facilities, and seeking opportunities to vertically integrate their operations across the value chain.

Curious about the North America Biodegradable Plastic Market? Get a FREE sample copy of the full report and gain valuable insights.

North America Biodegradable Plastic Market Segmentation

Grand View Research has segmented the North America biodegradable plastic market based on the product, application, and country:

North America Biodegradable Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Starch-based

Polylactic Acid (PLA)

Polybutylene Succinate (PBS)

Polybutylene Adipate Terephthalate (PBAT)

Polyhydroxyalkanoates (PHA)

Polycaprolactone

North America Biodegradable Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Packaging

Agriculture

Consumer Goods

Textile

Others

North America Biodegradable Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

North America

US

Canada

Key Players of North America Biodegradable Plastic Market

BASF SE

Eastman Chemical Company

Cargill, Incorporated

SABIC

Dow, Inc.

Danimer Scientific

Yield10 Bioscience, Inc.

Nature Works LLC

ENSO Plastics

Green Dot Bioplastics, Inc.

Order a free sample PDF of the North America Biodegradable Plastic Market Intelligence Study, published by Grand View Research.

[rainyducktiger]

Biodegradable Plastics Market Supply Chain Challenges and Future Strategies to 2033

Introduction

The biodegradable plastics market has been gaining momentum in recent years, driven by increasing environmental concerns, regulatory support, and technological advancements. Biodegradable plastics provide an eco-friendly alternative to conventional plastics, reducing pollution and reliance on fossil fuels. As global sustainability efforts intensify, the demand for biodegradable plastics is expected to witness significant growth. This article explores key industry trends, market drivers, challenges, and the forecast for the biodegradable plastics market up to 2032.

Market Overview

Biodegradable plastics are materials that decompose naturally in the environment through the action of microorganisms. These plastics are typically derived from renewable sources such as cornstarch, sugarcane, and other plant-based materials. The biodegradable plastics market is segmented based on type, application, and geography.

Download a Free Sample Report:-https://tinyurl.com/p8pf75ad

Types of Biodegradable Plastics

Polylactic Acid (PLA) – Derived from cornstarch or sugarcane, PLA is widely used in packaging, disposable tableware, and medical applications.

Polyhydroxyalkanoates (PHA) – Produced by bacterial fermentation, PHA is used in agriculture, packaging, and biomedical applications.

Starch-Based Plastics – Made from natural starch, these plastics are often blended with biodegradable polymers for use in food packaging and agricultural films.

Polybutylene Adipate Terephthalate (PBAT) – A flexible and compostable material commonly used in packaging and agricultural applications.

Polybutylene Succinate (PBS) – A biodegradable polymer with applications in packaging, agriculture, and consumer goods.

Applications of Biodegradable Plastics

Packaging: Food containers, shopping bags, cutlery, and flexible films.

Agriculture: Mulch films, plant pots, and seed coatings.

Consumer Goods: Disposable products, electronics casings, and hygiene products.

Textiles: Biodegradable fibers used in clothing and industrial fabrics.

Medical & Healthcare: Sutures, drug delivery systems, and biodegradable implants.

Market Drivers

Environmental Concerns and Government Regulations

The increasing awareness of plastic pollution and its detrimental effects on ecosystems is a primary driver of the biodegradable plastics market. Governments worldwide are implementing strict regulations and bans on single-use plastics, encouraging the adoption of biodegradable alternatives. Countries in Europe, North America, and Asia-Pacific are taking initiatives to promote sustainability through legislation and incentives.

Consumer Demand for Sustainable Products

Consumers are becoming more eco-conscious and seeking sustainable alternatives to traditional plastics. Companies are responding by incorporating biodegradable materials into their product offerings, further driving market growth.

Advancements in Biodegradable Plastic Technologies

Innovations in biopolymer production, improved compostability, and enhanced mechanical properties are making biodegradable plastics more competitive with conventional plastics. Research and development efforts are focused on improving cost efficiency and expanding application areas.

Corporate Sustainability Initiatives

Major corporations are pledging to reduce their plastic footprint and integrate biodegradable plastics into their supply chains. Companies such as Coca-Cola, Nestlé, and Unilever are investing in sustainable packaging solutions, boosting demand for biodegradable materials.

Challenges in the Biodegradable Plastics Market

High Production Costs

Biodegradable plastics are generally more expensive to produce than traditional plastics due to the cost of raw materials and production processes. This poses a challenge for widespread adoption, particularly in price-sensitive markets.

Limited Industrial Composting Infrastructure

For biodegradable plastics to fulfill their environmental promise, proper disposal and composting infrastructure are essential. Many regions lack the necessary facilities to process biodegradable plastics, leading to concerns about their effectiveness in reducing waste.

Performance Limitations

Some biodegradable plastics have lower mechanical strength and durability compared to conventional plastics, limiting their applicability in certain industries. Continuous research is needed to improve their properties and expand their use.

Market Trends

Growth in Bio-Based Raw Materials

The shift towards bio-based feedstocks, such as agricultural waste and algae, is reducing reliance on fossil fuels and improving sustainability. Companies are exploring innovative sources to enhance the eco-friendliness of biodegradable plastics.

Circular Economy and Recycling Initiatives

The focus on circular economy principles is driving interest in biodegradable plastics that can be efficiently composted or recycled. Hybrid solutions, combining recyclability and biodegradability, are gaining traction.

Expansion in Emerging Markets

Developing regions in Asia-Pacific, Latin America, and Africa are witnessing increased adoption of biodegradable plastics due to rising environmental awareness and government policies. Market players are expanding their operations in these regions to capitalize on growth opportunities.

Regional Analysis

North America

The U.S. and Canada are at the forefront of sustainable packaging and biodegradable plastics adoption. Stringent regulations and corporate sustainability goals are fueling market growth in the region.

Europe

Europe is a leader in biodegradable plastics, driven by strict regulations such as the EU’s Single-Use Plastics Directive. Countries like Germany, France, and Italy are actively promoting biodegradable alternatives.

Asia-Pacific

Countries such as China, Japan, and India are witnessing rapid growth in the biodegradable plastics market due to increasing government initiatives and consumer awareness.

Latin America and the Middle East & Africa

These regions are gradually adopting biodegradable plastics, supported by environmental campaigns and emerging regulations.

Market Forecast (2024-2032)

The biodegradable plastics market is projected to grow at a compound annual growth rate (CAGR) of around 10-15% from 2024 to 2032. The increasing adoption of biodegradable materials in packaging, agriculture, and consumer goods will drive market expansion. Key players are expected to invest in R&D, strategic partnerships, and capacity expansion to meet growing demand.

Conclusion

The biodegradable plastics market is poised for significant growth in the coming years, driven by regulatory support, consumer demand, and technological advancements. While challenges such as high production costs and limited composting infrastructure remain, continuous innovation and policy support will accelerate market adoption. As industries transition toward sustainable practices, biodegradable plastics will play a crucial role in reducing environmental impact and promoting a circular economy.Read Full Report:-https://www.uniprismmarketresearch.com/verticals/chemicals-materials/biodegradable-plastics.html

[patilsandip]

Global Biodegradable Plastic Market Report 2024 – 2030

Our Latest Report covers The Global Biodegradable Plastic Market is experiencing rapid growth as environmental concerns and sustainability initiatives push for more eco-friendly alternatives to conventional plastics. Biodegradable plastics are designed to break down naturally through the action of microorganisms, helping reduce plastic waste and environmental pollution. These plastics are used in a wide range of applications, including packaging, agriculture, consumer goods, and medical devices. The market's growth is driven by the increasing global push toward reducing plastic pollution, growing regulatory pressure, and rising consumer demand for sustainable products.

Get More Insights:

Key Matrix for Latest Report Update • Base Year: 2023, Estimated Year: 2024, CAGR: 2024 to 2030

Key Players In The Global Biodegradable Plastic Market:

BASF SE, Natureworks, Total Corbion PLA, Mitsubishi Chemical Corporation,  Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, and Novamont S.P.A.

Market segmentation

Global Biodegradable Plastic Market is segmented into type such as PLA (Polylactic Acid) PBAT (Polybutylene Adipate Terephthalate),PBS (POLYBUTYLENE SUCCINATE), PHA (POLYHYDROXYALKANOATES), Starch Blends, and Others. Further, market is segmented into application such as Packaging, Agriculture, Consumer Durable, Textile, and Others.

Also, Global Biodegradable Plastic Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Global Biodegradable Plastic Market Segment by Type:

PLA (Polylactic Acid)

PBAT (Polybutylene Adipate Terephthalate)

PBS (POLYBUTYLENE SUCCINATE)

PHA (POLYHYDROXYALKANOATES)

Starch Blends Others

Global Biodegradable Plastic Market Segment by Applications:

Packaging

Agriculture

Consumer

Durable

Textile Others

Regional Analysis for COVID-19 Outbreak- Global Biodegradable Plastic Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Market Trends:

Shift to Plant-Based Bioplastics: There is a growing trend toward using renewable resources such as corn, sugarcane, and algae to produce biodegradable plastics, with plant-based bioplastics (like PLA and PHA) gaining popularity in the market.

Growth in Packaging Applications: The packaging industry is the largest consumer of biodegradable plastics, driven by the rising demand for eco-friendly packaging solutions in food, beverage, and retail sectors. Companies are shifting to biodegradable alternatives for single-use packaging to meet sustainability goals.

Use in Agriculture: Biodegradable plastics are increasingly being used in agriculture for applications such as mulch films, seed coatings, and plant pots, as they help reduce plastic waste and improve soil health.

Focus on Recycling and Circular Economy: The focus on the circular economy is also shaping the biodegradable plastic market, with increased efforts toward creating products that can be easily recycled or composted after use.

FIVE FORCES & PESTLE ANALYSIS:

To understand the market conditions the five forces analysis is developed that comprises Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. Political (Political policy and stability as well as trade, fiscal, and taxation policies) Economical: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

FAQ's:

Which are the dominant players of the Global Biodegradable Plastic Market?

What will be the size of the Global Biodegradable Plastic Market in the coming years?

Which segment will lead the Global Biodegradable Plastic Market?

How will the market development trends change in the next five years?

What is the nature of the competitive landscape of the Global Biodegradable Plastic Market?

What are the go-to strategies adopted in the Global Biodegradable Plastic Market?

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[aliyacosk2]

https://www.databridgemarketresearch.com/pt/reports/global-polybutylene-adipate-terephthalate-pbat-market

[naveendsw]

Polybutylene Adipate Terephthalate Market Size, Share, Report

[marketingreportz]

Biopolymers Market - Forecast(2024 - 2030)

Biopolymers Market Overview

The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024–2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.

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Report Coverage-The “Biopolymers Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market.

By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.

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By Molding Process: Extrusion, Injection, Melt compounding and Others.

By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others.

By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.

• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.

• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth.

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Biopolymers Market Segment Analysis — by Application

The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024–2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth.

Biopolymers Market Segment Analysis — by End-use Industry

The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry’s growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025–2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years.

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Biopolymers Market Segment Analysis — by Geography

Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.

Biopolymers Market Drivers  Government Initiatives for Biopolymers

The transformation of the current linear material system into a circular economy necessitates national and international legislation. This is due to the globalized industry’s complex worldwide supply chains. Governments at the global level are taking initiatives for biopolymers. For instance, In March 2023, the European Commission adopted a policy framework on biobased, biodegradable, and compostable plastics, marking an initiative to drive the biopolymers market. Aligned with the European Green Deal, this non-legislative framework aimed to clarify environmental benefits, set strict standards, and guide future policies on green claims, ecodesign, carbon removal, and microplastics. Thus, the growing government initiatives for biodegradable packaging are driving the demand for biopolymers, which is aiding market growth.

Growth of the Medical Devices Industry

In the production of medical devices such as replacement joints, heart valves, arteries, teeth, tendons, ligaments and eye lenses, biopolymers are used to replace or repair some diseased, damaged, or non-functional pieces of tissue or bone. Factors such as technological improvements in medical equipment and an aging population are accelerating the medical device industry’s growth. For instance, in global comparison, most revenue will be generated in the United States US$182.00bn in 2024. Thus, the growth of the medical device industry is boosting the demand for biopolymers, which, in turn, is driving market growth.

Biopolymers Market Challenge Higher Cost Associated with Biopolymers

Biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate and more have the advantage of easy disposable and regeneration. However, one disadvantage of biopolymers is that they necessitate the use of expensive industrial processors and composters, particularly for those that must be broken down at high industrial temperatures. For instance, according to Plastmart, the major drawback of biopolymers is their higher price tag when compared to traditional polymers. While the typical, conventional polymers cost between US$1000 and US$1500 per metric tonne (MT), biopolymers can cost anywhere from US$4000 to US$15,000 per MT for materials like polyhydroxy butyrate. Therefore, the high price associated with biopolymers may restrict the growth of the biopolymers industry in the coming years.

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Biopolymers Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Biopolymers Market. The top 10 companies in the Biopolymers market are

Recent Developments:

• In October 2023, Braskem opened a Tokyo office, advancing bio-based solutions in the biopolymers market. With over 15 years in Japan, it reflects their commitment to sustainability. Concurrently expanding in Brazil and Thailand, Braskem focuses on delivering low-carbon alternatives globally.

• In August 2022, DSM Engineering Materials launched StanylB-MB (Bio-based Mass Balanced), a more environmentally friendly version of its mainstay polyamide (PA) product that contains up to 100% bio-based material. It enables DSM Engineering Materials to halve the carbon footprint of this product line.

• In June 2022, a global polymer manufacturer based in Germany launched VerdessenceTM RiceTouch, a new biopolymer used for various personal care products.

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U.S. Polybutylene Adipate Terephthalate (PBAT) Prices, Analysis and Forecast

 Polybutylene Adipate Terephthalate (PBAT) prices are influenced by various market dynamics, including raw material costs, supply-demand balance, production capacities, and regulatory frameworks. PBAT, a biodegradable and compostable polymer, has gained significant attention due to the increasing global push toward sustainable packaging and environmentally friendly materials. The growing emphasis on reducing plastic waste and stringent government policies on single-use plastics have fueled the demand for PBAT, thereby impacting its price fluctuations in recent years. Manufacturers and suppliers constantly adjust pricing strategies in response to volatile feedstock prices, production costs, and regional supply chain disruptions. The price of PBAT is primarily dictated by the costs of its key raw materials, such as adipic acid, terephthalic acid, and 1,4-butanediol, which are subject to fluctuations based on crude oil prices, production capacities, and trade policies.

Market trends indicate that PBAT prices have exhibited significant volatility due to fluctuating raw material costs and supply chain disruptions caused by geopolitical tensions, trade restrictions, and transportation challenges. The rising adoption of biodegradable plastics in food packaging, agriculture, and consumer goods industries has put upward pressure on prices, as demand outpaces supply in many regions. China, as a leading producer and consumer of PBAT, plays a crucial role in determining global price trends. The Chinese government's stringent environmental policies and incentives for biodegradable plastics have further bolstered PBAT demand, leading to periodic price spikes. Additionally, the increasing investments in PBAT production capacity expansion by key manufacturers have contributed to market shifts, with new entrants attempting to balance the supply-demand equation.

Get Real time Prices for Polybutylene Adipate Terephthalate (PBAT): https://www.chemanalyst.com/Pricing-data/polybutylene-adipate-terephthalate-resin-1219

The global PBAT market is also affected by regional regulatory frameworks promoting sustainable materials. The European Union, for instance, has implemented directives that encourage the use of biodegradable plastics, prompting manufacturers to ramp up production. In North America, the push toward eco-friendly alternatives in packaging and consumer goods has fueled PBAT demand, impacting price trends. However, supply chain challenges, including raw material shortages and logistic constraints, have caused intermittent price surges. The cost of transportation and energy also plays a crucial role in determining PBAT prices, especially with fluctuating fuel prices influencing the overall production and distribution costs.

Market competition among key players also impacts PBAT pricing. Leading manufacturers, including BASF, Novamont, and various Chinese firms, continuously adjust prices based on market conditions, production costs, and competitive positioning. The expansion of production capacities and strategic partnerships between companies to enhance PBAT supply have contributed to price stabilization in certain regions. However, market uncertainties, such as fluctuating demand from the packaging and agricultural sectors, have led to occasional price corrections.

PBAT's price trend is also affected by technological advancements in polymer blending and processing. The development of cost-effective production techniques, enhanced biodegradable formulations, and strategic collaborations between companies and research institutions have influenced the cost structure of PBAT. Additionally, end-user preferences and shifting consumer awareness regarding sustainable materials have led to evolving demand patterns, further impacting price trends. Seasonal demand fluctuations, particularly in the agricultural sector for mulch films and compostable packaging, have resulted in periodic price adjustments.

The future price trajectory of PBAT depends on multiple factors, including raw material availability, policy changes, and technological advancements. The increasing adoption of bio-based feedstocks for PBAT production is expected to influence price stability, as manufacturers seek sustainable alternatives to petroleum-derived inputs. The expansion of production facilities in key markets, including China, Europe, and North America, is also expected to impact pricing trends by reducing supply constraints. However, macroeconomic factors such as inflation, currency fluctuations, and trade policies will continue to play a crucial role in shaping the overall market landscape.

In the coming years, PBAT prices are likely to remain sensitive to changes in government policies regarding single-use plastics, environmental regulations, and industry innovations. With growing investments in sustainable materials and biodegradable plastics, PBAT demand is projected to rise, leading to potential price increases if supply fails to keep pace. Market players must navigate these evolving trends by optimizing production efficiency, securing stable raw material sources, and adapting to shifting consumer preferences for eco-friendly materials. As sustainability becomes a primary focus for industries worldwide, PBAT is expected to play a crucial role in the transition toward a circular economy, with its pricing trends reflecting the broader push for environmentally responsible solutions.

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Biopolymers Market - Forecast(2024 - 2030)

Biopolymers Market Overview

The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024-2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage 

The "Biopolymers Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market. 

By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.

By Molding Process: Extrusion, Injection, Melt compounding and Others.

By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others. 

By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others 

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.

• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.

• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth. 

• However, the high cost of the Biopolymers is expected to create a retrain for the market growth during the projected forecast period.

  Biopolymers Market Segment Analysis – by Application 

The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024-2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth. 

Biopolymers Market Segment Analysis – by End-use Industry 

The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry's growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025-2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years. 

Biopolymers Market Segment Analysis – by Geography 

Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.

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Biodegradable Plastics Market Size, Share, Growth & Forecast

Global Biodegradable Plastics Market was valued around US$ 4 billion in 2020 and is expected to showcase double digit growth during the forecast period (2021-2027). Globally, stringent new policies and regulations implemented and adopted by government would influence the demand of biodegradable plastics this is mainly owing to the regulations which include banning or implementing additional charges on the use of conventional shopping bags, packaging materials, and disposables.

Thus, the global market for bioplastics, particularly biodegradable plastics, is being driven by rising restrictions and prohibitions against plastic bags and other plastic goods. Further, the growing need to reduce the dependency on conventional fuels coupled with rising consumer awareness to adopt sustainable biodegradable plastics is escalating the demand for biodegradable plastics. Although, high manufacturing cost of biodegradable plastics than conventional plastics would hamper the market growth.

For a detailed analysis of the Global Biodegradable Plastics Market browse through https://univdatos.com/report/biodegradable-plastics-market-current-analysis-and-forecast-2021-2027/

The COVID-19 pandemic severely impacted several markets across the globe, particularly in India, the U.S., Spain, and other Western European nations. The pandemic also had a significant impact on the market for biodegradable plastics, majorly attributable to the shutdown of manufacturing facilities in compliance with government regulations, to reduce the spread of disease. The shutdown of factories and warehouses caused additional losses to plastics manufacturers as the previously manufactured and stocked plastics could not be sold due to temporary trade bans and reduced demand.

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Based on type, the biodegradable plastics market is segmented into polylactic acid, polybutylene adipate terephthalate, polyhydroxyalkanoates, starch blends and others. Starch blend category is expected to grow at a considerable growth rate. Starch is one of the most promising raw materials for the production of biodegradable plastics, which is a natural renewable carbohydrate polymer and is easily available low cost material. Starch-based plastics are used in end-use industries such as packaging, automobiles, and agriculture. Starch-based plastic is biobased which is biodegradable in nature and also have low toxicity.

Based on end use, the biodegradable plastics market is divided into consumer durable, textile, packaging, agriculture, and others. Among all, packaging industry held a lucrative market share. Packaging is one of the main end-use segments for biodegradable plastics and is utilized in each inflexible packaging and flexible packaging. Replacement of traditional plastics way of means of those merchandise in meals packaging including boxes, wraps, cups, and plates is gaining momentum, that is helping the boom of the biodegradable plastic market.

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Additionally, the report provides detailed initiatives that are being taken in the field of biodegradable plastics market. The market is classified into distinct regions including North America, Europe, Asia Pacific, and the Rest of World. Asia Pacific is expected to grow at an influential rate in the market of biodegradable plastics during the forecast period. This can be attributed to the rising adoption of biodegradable plastics across different industries, including agriculture, consumer durables, textiles, and packaging, owing to the strong environmental concerns in the region.

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