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The technology in biodegradable plastics have undergone significant changes in recent years, with traditional petroleum based to advanced bio based plastics. The rising wave of new technologies, such as bio-based and oxo-degradable plastics are creating significant potential in packaging, pharmaceutical, and agriculture applications, to reduce VOC emission, and plastic waste.

In biodegradable plastics market, various technologies, such as oxo-degradable technology, bioplastics or bio-based plastics, and biodegradable plastics from biosphere are used in the packaging, agriculture and horticulture, pharmaceutical, sports and leisure, automotive, construction, and textile applications. Increasing use of biodegradable plastics in packaging, agriculture, and automotive applications, stringent government regulations, and rising awareness about plastic waste are creating new opportunities for various biodegradable plastics technologies.  
Some of the latest technological developments by various countries in the biodegradable plastics market are as follows:
  • United States: NatureWorks LLC and Danimer Scientific are leading the development of bio-based plastics derived from renewable resources like corn starch and sugarcane. Initiatives include the launch of new bio-based plastic formulations aimed at reducing reliance on fossil fuels and mitigating plastic pollution.
  • Germany: BASF SE and Evonik Industries AG are investing in research and development of biodegradable plastics from biosphere, utilizing innovative technologies to create compostable polymers from natural materials. Announcements include the introduction of new biodegradable plastic grades with improved performance and environmental properties.
  • China: Kingfa Sci. & Tech. Co., Ltd. and Novamont S.p.A. have been focusing on the development of oxo-degradable plastics, which break down into harmless substances under specific environmental conditions. Initiatives include the launch of oxo-biodegradable plastic packaging solutions targeting reduced plastic waste and pollution.
  • Japan: Mitsubishi Chemical Corporation and Mitsui Chemicals Inc. are actively involved in the development of biodegradable plastics from biosphere, leveraging advanced polymerization techniques to create eco-friendly alternatives to conventional plastics. Announcements include the commercialization of new biodegradable plastic grades for various applications.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the biodegradable plastics market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.


Biodegradable Plastics Technology Market


Biodegradable Plastics Technology Segments

Biodegradable Plastics Technology Heat Map
 

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global biodegradable plastics technology by application, technology, and region as follows:

Technology Readiness by Technology Type

Competitive Intensity and Regulatory Compliance

Disruption Potential by Technology Type
 
Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
  • Oxo-Degradable
  • Bioplastics or Bio-based Plastics
  • Biodegradable Plastics from Biosphere

Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
  • Packaging
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Agriculture and Horticulture
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Pharmaceutical
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Sports and Leisure
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Automotive
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Construction
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere
  • Textile
    • Oxo-Degradable
    • Bioplastics or Bio-based Plastics
    • Biodegradable Plastics from Biosphere

Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
  • The Rest of the World
 
Latest Developments and Innovations in the Biodegradable Plastics Technologies

Companies / Ecosystems

Strategic Opportunities by Technology Type
 
Some of the biodegradable plastics companies profiled in this report include NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, Novamont, and Toray Industries.
Below are the latest technological developments from top companies in the biodegradable plastics market:
  • Symphony Environmental Technologies plc announces the launch of a new range of oxo-degradable plastics designed to break down into harmless substances under specific environmental conditions, addressing concerns about plastic pollution.
  • NatureWorks LLC introduces a novel bio-based plastic formulation derived from renewable resources like corn starch, offering a sustainable alternative to conventional plastics for packaging applications.
  • BASF SE unveils a breakthrough biodegradable plastic material synthesized from biomass sources, showcasing improved biodegradation rates and environmental performance compared to traditional plastics.
  • Novamont S.p.A. announces the development of innovative biodegradable plastics from biosphere, leveraging advanced polymerization techniques to create compostable polymers with enhanced eco-friendly properties.
This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the biodegradable plastics market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in biodegradable plastics market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in biodegradable plastics market?
Q.6 What are the latest developments in biodegradable plastics technologies? Which companies are leading these developments? 
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this biodegradable plastics market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this biodegradable plastics technology space?
Table of Contents

1. Executive Summary

2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain

3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Biodegradable Plastics Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance

4. Technology Trends and Forecasts  analysis from 2018-2030
4.1. Biodegradable Plastics Opportunity
4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
4.2.1. Oxo-Degradable
4.2.2. Bioplastics or Bio-based Plastics
4.2.3. Biodegradable Plastics from Biosphere
4.3. Technology Trends (2018-2023) and Forecasts (2024-2030) by Application Segments
4.3.1. Packaging
4.3.1.1. Oxo-Degradable
4.3.1.2. Bioplastics or Bio-based Plastics
4.3.1.3. Biodegradable Plastics from Biosphere
4.3.2. Agriculture and Horticulture
4.3.2.1. Oxo-Degradable
4.3.2.2. Bioplastics or Bio-based Plastics
4.3.2.3. Biodegradable Plastics from Biosphere
4.3.3. Pharmaceutical
4.3.3.1. Oxo-Degradable
4.3.3.2. Bioplastics or Bio-based Plastics
4.3.3.3. Biodegradable Plastics from Biosphere
4.3.4. Sports and Leisure
4.3.4.1. Oxo-Degradable
4.3.4.2. Bioplastics or Bio-based Plastics
4.3.4.3. Biodegradable Plastics from Biosphere
4.3.5. Automotive
4.3.5.1. Oxo-Degradable
4.3.5.2. Bioplastics or Bio-based Plastics
4.3.5.3. Biodegradable Plastics from Biosphere
4.3.6. Construction
4.3.6.1. Oxo-Degradable
4.3.6.2. Bioplastics or Bio-based Plastics
4.3.6.3. Biodegradable Plastics from Biosphere
4.3.7. Textile
4.3.7.1. Oxo-Degradable
4.3.7.2. Bioplastics or Bio-based Plastics
4.3.7.3. Biodegradable Plastics from Biosphere

5. Technology Opportunities (2018-2030) by Region
5.1. Biodegradable Plastics Market by Region
5.2. North American Biodegradable Plastics Market
5.2.1. United States Biodegradable Plastics Market
5.2.2. Canadian Biodegradable Plastics Market
5.2.3. Mexican Biodegradable Plastics Market
5.3. European Biodegradable Plastics Market
5.3.1. The United Kingdom Biodegradable Plastics Market
5.3.2. German Biodegradable Plastics Market
5.3.3. French Biodegradable Plastics Market
5.4.APAC Biodegradable Plastics Market
5.4.1. Chinese Biodegradable Plastics Market
5.4.2. Japanese Biodegradable Plastics Market
5.4.3. Indian Biodegradable Plastics Market
5.4.4. South Korean Biodegradable Technology Market
5.5. ROW Biodegradable Plastics Market

6. Latest Development and Innovation in Biodegradable Plastics Technologies

7. Companies / Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach

8. Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Biodegradable Plastics Market by Technology
8.2.2. Growth Opportunities for the Biodegradable Plastics Market by Application
8.2.3. Growth Opportunities for the Biodegradable Plastics Market by Region
8.3. Emerging Trends in the Biodegradable Plastics Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Biodegradable Plastics Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Biodegradable Plastics Market  

9. Company Profiles of Leading Players    
9.1. Faurecia
9.2. NatureWorks
9.3. BASF
9.4. Total Corbion PLA
9.5. Mitsubishi Chemical
9.6. Biome Bioplastics
9.7. Plantic Technologies
9.8. Bio-On
9.9. Danimer Scientific
9.10. Novamont
9.11. Toray Industries
        
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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