Biobased Biodegradable Plastic Market Outlook from 2023 to 2033

The biobased biodegradable plastic market is projected to be worth US$ 5.2 billion in 2023. The market is further expected to surge at a CAGR of 10% from 2023 to 2033 and reach US$ 13.6 billion by 2033.

Market Trends Analysis

  • Rising environmental awareness and stringent regulations against traditional plastic are driving the demand for biobased biodegradable plastic. They offer a sustainable solution for various packaging applications, particularly in the food and beverage, cosmetics, and healthcare sectors.
  • Research and development efforts are leading to innovative bioplastic with improved properties, such as enhanced durability and heat resistance. These developments are expanding the range of applications for biobased biodegradable plastic.
  • Biodegradable plastic are increasingly used in agriculture for mulching films and crop protection. They reduce plastic pollution in farmlands and promote sustainable farming practices.
  • Efforts to create a circular economy for plastic are gaining momentum. Biobased biodegradable plastic play a vital role in this transition, as they can be composted or recycled in certain systems, reducing waste and conserving resources.
Attributes Key Insights
Biobased Biodegradable Plastic Market Estimated Size in 2023 US$ 5.2 billion
Projected Market Value in 2033 US$ 13.6 billion
Value-based CAGR from 2023 to 2033 10%

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2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections

The scope for biobased biodegradable plastic rose at a 9.5% CAGR between 2018 and 2022. The global market for biobased biodegradable plastic is anticipated to expand at a significant CAGR of 10% over the forecast period between 2023 and 2033.

Report Attribute Details
Market Value in 2018 US$ 3.5 billion
Market Value in 2022 US$ 5.2 billion
CAGR from 2018 to 2022 9.5%

The biobased biodegradable plastic market experienced substantial growth between 2018 and 2022. Increasing environmental concerns and stringent regulations against traditional plastic increased the demand.

Research and development efforts focused on improving biodegradable materials' quality, performance, and cost-effectiveness during this period. Industries such as packaging, agriculture, and consumer goods witnessed a significant shift toward these eco-friendly alternatives.

Government incentives and rising awareness among consumers and businesses further accelerated market expansion.

Looking forward to the forecast period from 2023 to 2033, the biobased biodegradable plastic market is expected to continue its upward trajectory. Advancements in technology and manufacturing processes are likely to lead to a broad range of applications, including in the automotive and electronics sectors.

The emphasis on sustainable practices, along with the global push for a circular economy, is likely to fuel innovation. Bioplastic derived from renewable sources, coupled with increased recycling efforts, are estimated to contribute to market growth.

Collaboration between the public and private sectors is expected to fuel research, ensuring a continuous stream of innovative biodegradable products. Market penetration in emerging economies, coupled with heightened environmental consciousness is going to underpin the market's expansion.

Biobased Biodegradable Plastic Market Key Drivers

  • Increasing awareness about plastic pollution and its adverse impact on the environment has led to a surge in demand for biobased biodegradable plastic. Consumers and businesses are seeking sustainable alternatives to reduce plastic waste and minimize ecological harm.
  • Stringent regulations and government policies are banning single-use plastic and promoting the use of biodegradable materials globally. Compliance with these regulations is a key driver, encouraging industries to adopt biobased biodegradable plastic in various applications.
  • Many companies are adopting biobased biodegradable plastic as part of their corporate social responsibility initiatives. Emphasizing environmental sustainability in business practices enhances brand image and meets the demands of eco-conscious consumers.
  • Continuous research and development in bioplastic technology are leading to the creation of innovative and cost-effective biodegradable materials. Advancements in processing techniques and material formulations have expanded the practical applications of biobased biodegradable plastic.
  • Changing consumer preferences and a growing eco-conscious consumer base are significant dynamics. Consumers are choosing products and packaging made from biodegradable plastic, influencing manufacturers to invest in these materials, thereby driving market growth.
Nikhil Kaitwade
Nikhil Kaitwade

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Challenges in the Biobased Biodegradable Plastic Market

  • Inadequate composting and recycling facilities hinder the efficient disposal of biodegradable plastic, leading to potential environmental impact if not disposed of properly.
  • Balancing biodegradability with the required durability and versatility for various applications remains a challenge. Some biodegradable plastic may not meet the performance standards needed for specific industries, limiting their adoption.
  • Biobased biodegradable plastic often have high production costs compared to traditional plastic. While demand is rising, cost competitiveness remains a challenge, hindering widespread adoption, especially in price-sensitive markets.

Country-wise Insights

The below table showcases revenues in terms of the top 5 leading countries, spearheaded by the United States and China. These two countries are expected to lead the market through 2033, with values of US$ 1.2 billion and US$ 1.4 billion.

Expected Market Values in 2033

The United States US$ 1.2 billion
China US$ 1.4 billion
The United Kingdom US$ 400 million
Japan US$ 1 billion
South Korea US$ 510 million

Forecast CAGRs from 2023 to 2033

The United States 10.2%
China 10.1%
The United Kingdom 9.6%
Japan 9%
South Korea 9.2%

Agriculture Sector to Play Vital Role in the United States Market

The United States is expected to reach US$ 1.2 billion by 2033, expanding at a CAGR of 10.2%.

The biobased biodegradable plastic market in the United States is witnessing significant growth driven by environmental concerns, stringent regulations, and consumer demand for sustainable alternatives.

The United States government and various states have implemented regulations promoting the use of biodegradable plastic, incentivizing companies to adopt eco-friendly materials. Increasing public awareness of plastic pollution and a growing emphasis on corporate sustainability practices have further accelerated the market.

The United States agriculture sector plays a vital role, providing raw materials for biodegradable plastic, such as corn-based PLA (polylactic acid). PLA, being one of the most common biodegradable plastic, finds extensive use in various applications.

The Circular Economy initiatives and advancements in composting and recycling infrastructure further boost the market. The United States biobased biodegradable plastic market is poised for continuous growth, fueled by environmental consciousness, regulatory support, and technological innovations.

Ecological Awareness to Propel the Market in the United Kingdom

The market in the United Kingdom is projected to increase at 9.6% CAGR from 2023 to 2033. The biobased biodegradable plastic market in the United Kingdom is likely to total US$ 400 million by 2033.

In the United Kingdom, the biobased biodegradable plastic market is experiencing substantial growth due to environmental consciousness, stringent regulations, and a shift toward sustainable practices.

There is a rising demand for eco-friendly alternatives in packaging, agriculture, and various consumer products with increasing public awareness about plastic pollution. The United Kingdom's active participation in Circular Economy models is driving the development of bioplastic recycling infrastructure, creating new opportunities in the market.

Key retailers and manufacturers are transitioning to biodegradable packaging solutions, bolstering the market's growth.

Collaborations between government bodies, research institutions, and private enterprises are fostering innovations in bioplastic technology. The United Kingdom's commitment to reducing carbon emissions and plastic waste aligns with the market's growth. Consequently, it has become an essential hub for biobased biodegradable plastic in Europe.

The market for biobased biodegradable plastic in the United Kingdom is set to expand further as consumer preferences continue to shift toward sustainable products.

Government Approaches to Boost the Market in China

The biobased biodegradable plastic market in China is expected to reach a value of US$ 1.4 billion. The market in China is poised to expand at a CAGR of 10.1% through 2033.

In China, the biobased biodegradable plastic market is experiencing significant growth due to a combination of environmental concerns, government initiatives, and a burgeoning eco-conscious consumer base.

The market is witnessing a surge in research and development activities, leading to innovations in bioplastic materials and processing technologies. Companies in China are investing hugely in the production of biodegradable plastic derived from renewable sources like corn starch and sugarcane.

The e-commerce boom in China has increased the demand for eco-friendly packaging solutions, driving the adoption of biobased biodegradable plastic in the packaging sector.

China continues to address environmental challenges and promote sustainable practices. As a result, the biobased biodegradable plastic market is poised for significant expansion, making it a key player in the global shift towards eco-friendly materials.

Technological Breakthroughs to Expand the Market in Japan

The biobased biodegradable plastic market in Japan is set to experience positive growth and is expected to reach US$ 1 billion by 2033. The country is likely to register a 9% CAGR until 2033.

In Japan, the biobased biodegradable plastic market is growing steadily, driven by environmental concerns, stringent regulations, and technological innovations.

Japan's advanced technology sector plays a vital role in the development of innovative biobased biodegradable plastic. Research and development efforts focus on creating bioplastic with enhanced properties, suitable for various applications, including packaging, agriculture, and automotive sectors.

The country's strong focus on recycling and waste management aligns with the growth of biodegradable plastic, especially in single-use items like packaging and disposable products.

The Biobased biodegradable plastic market in Japan is projected to expand further, as eco-consciousness continues to rise.

Export-oriented Economy to Propel the Market in South Korea

The biobased biodegradable plastic market in South Korea is anticipated to rise at a 9.2% CAGR until 2033. A valuation of US$ 510 million is expected by 2033.

In South Korea, the biobased biodegradable plastic market is steadily growing. The government of South Korea has implemented policies and regulations to encourage the use of biodegradable plastic, particularly in single-use items. This has created a favorable environment for the development and adoption of eco-friendly materials.

South Korea's export-oriented economy is driving the production of biodegradable plastic to meet global demand. The market in South Korea is expected to continue expanding as environmental awareness grows and consumers seek sustainable products. It further contributes to the global effort to reduce plastic waste and pollution.

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Category-wise Insights

The below table highlights how starch blends are projected to lead the market in terms of product type, developing at a 9.9% CAGR through 2033. It held a CAGR of 4.3% from 2018 to 2022.

The packaging segment is likely to spearhead sales based on application and is anticipated to witness a CAGR of 9.8% through 2033.

Category CAGR from 2023 to 2033
Starch Blends 9.9%
Packaging 9.8%

Starch Blends to Dominate the Market

The starch blends segment is poised to increase with a CAGR of 9.9% from 2023 to 2033.

Starch blends were the leading product type for biobased biodegradable plastic with a sales share of more than 42% in 2022. The starch blends segment is expected to lead the market in terms of value in the coming years.

Plastic made from starch are utilized in sectors including packaging, vehicles, and agriculture. PLA product plastic are also gaining traction in the market. The low cost of PLA in comparison to other products is an important contributor to the industry.

Extensive Usage of Biobased Biodegradable Plastic to Drive Segment Growth

Packaging was the most significant application segment with a sales share of more than 60.3% in 2022. Packaging is one of the most important applications for biobased biodegradable polymers. It is utilized in stiff as well as adaptable packaging.

The use of recyclable plastic in food wrapping including cartons, wraps, cups, and dishes is gaining traction, which is fueling the expansion of the biobased biodegradable plastic market.

Competitive Landscape

The market is fragmented and characterized by the presence of both large and small-scale companies. Key strategies that large firms follow include many growth methods such as technological advancement, diversification, and mergers and acquisitions to increase market share, accessibility, and profit.

  • TotalEnergies Corbion established cooperation with Xiamen Changsu Industrial Pte Ltd. in May 2023 to grow the PLA industry. The companies will concentrate on advertising and research and development of innovative BOPLA (biaxially oriented polylactic acid) technology and services.
  • TotalEnergies Corbion and Bluepha Co. Ltd struck an agreement in May 2023 to accelerate the deployment of PLA/PHA-based systems in the industry of China. The partnership aims to enhance the production of diverse high-performance biopolymer solutions by combining Luminy Polylactic Acid (PLA) technology from the former with Bluepha Polyhydroxyalkanoates (PHA).

Report Scope

Attributes Details
Estimated Market Size in 2023 US$ 5.2 billion
Projected Market Valuation in 2033 US$ 13.6 billion
Value-based CAGR 2023 to 2033 10%
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis Value in US$ billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa
Key Market Segments Covered
  • Product type
  • Application
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • BASF SE
  • Plantic Technologies
  • Toray Industries
  • Total Corbion PLA
  • Natureworks
  • Biome Bioplastic.
  • Bio-On
  • Mitsubishi Chemical Corporation
  • Danimer Scientific
  • Novamont S.P.A.

Segmentation Analysis of the Biobased Biodegradable Plastic Market

By Product Type:

  • Polyester
  • Starch blends
  • Poly lactic acid (PLA)
  • Cellulose
  • Polyhydroxyalkanoate (PHA)
  • Other biobased biodegradable plastic

By Application:

  • Packaging
  • Fibres
  • Healthcare
  • Agriculture
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Frequently Asked Questions

What is the Projected Worth of the Biobased Biodegradable Plastic Market in 2023?

The market is expected to reach US$ 5.2 billion in 2023.

What is the Expected CAGR for the Biobased Biodegradable Plastic Market until 2033?

The market for biobased biodegradable plastic is set to expand at a CAGR of 10% by 2033.

How much Valuation is Predicted for the Biobased Biodegradable Plastic Market in 2033?

The industry is predicted to reach US$ 13.6 billion by 2033.

Which is the Leading Country in the Biobased Biodegradable Plastic Market?

China is likely to be the top-performing market, accounting for US$ 1.4 billion in 2033.

Which is the Leading Product Type in the Biobased Biodegradable Plastic Market?

Starch blends are the leading product type with a 9.9% CAGR through 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033

        5.3.1. Polyester

        5.3.2. Starch Blends

        5.3.3. poly lactic acid (PLA)

        5.3.4. Cellulose

        5.3.5. Polyhydroxyalkanoate (PHA)

        5.3.6. Others

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Packaging

        6.3.2. Fibres

        6.3.3. Healthcare

        6.3.4. Agriculture

        6.3.5. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. The USA

            8.2.1.2. Canada

        8.2.2. By Product Type

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Product Type

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Product Type

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product Type

        9.3.3. By Application

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Product Type

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Type

        10.3.3. By Application

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Product Type

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Application

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Product Type

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Application

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Product Type

        13.2.3. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Application

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Product Type

        14.2.3. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Product Type

            15.1.2.2. By Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Product Type

            15.2.2.2. By Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Product Type

            15.3.2.2. By Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Product Type

            15.4.2.2. By Application

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Product Type

            15.5.2.2. By Application

    15.6. United Kingdom

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Product Type

            15.6.2.2. By Application

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Product Type

            15.7.2.2. By Application

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Product Type

            15.8.2.2. By Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Product Type

            15.9.2.2. By Application

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Product Type

            15.10.2.2. By Application

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Product Type

            15.11.2.2. By Application

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Product Type

            15.12.2.2. By Application

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Product Type

            15.13.2.2. By Application

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Product Type

            15.14.2.2. By Application

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Product Type

            15.15.2.2. By Application

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Product Type

            15.16.2.2. By Application

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Product Type

            15.17.2.2. By Application

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Product Type

            15.18.2.2. By Application

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Product Type

            15.19.2.2. By Application

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Product Type

            15.20.2.2. By Application

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2022

            15.21.2.1. By Product Type

            15.21.2.2. By Application

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2022

            15.22.2.1. By Product Type

            15.22.2.2. By Application

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2022

            15.23.2.1. By Product Type

            15.23.2.2. By Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product Type

        16.3.3. By Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. BASF SE

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Plantic Technologies

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Toray Industries

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Total Corbion PLA

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Natureworks

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Biome BioPlastic.

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Bio-On

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Mitsubishi Chemical Corporation

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Danimer Scientific

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Novamont S.P.A. 

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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