The biodegradable plastics market will grow from USD 16 billion in 2025 to USD 88.71 billion by 2034, at a CAGR of 20.96%. Growing concern for the environment is driving demand for biodegradable plastics. Companies are focusing on producing plastics with a smaller carbon footprint, which boosts this market. The strong rise in packaging for agricultural products also supports growth. North America leads the market because of the increasing demand for sustainable packaging among consumers.
Top Companies in the Biodegradable Plastics Market
- BASF SE
- NatureWorks LLC
- Novamont S.p.A.
- Total Corbion PLA
- Danimer Scientific
- Plantic Technologies Limited
- Biome Bioplastics
- Corbion NV
- Mitsubishi Chemical Corporation
- Green Dot Bioplastics
- Eastman Chemical Company
- Toray Industries, Inc.
- FKuR Kunststoff GmbH
- PolyOne Corporation
- BioBag International AS
- LyondellBasell Industries N.V.
- Sulzer Ltd.
- Treo Green Plastics
- EarthFirst Films (Solvay)
- TPLAST Ltd.
Latest Announcements by the Biodegradable Plastics Market
- In February 2025, Manoj Prasad, head of marketing at Phitons, explained, "PBAT is a biodegradable plastic made from petrochemical side streams. It is blended with minerals and infused with soil polymers of different grades depending on the application."
New Advancements in the Biodegradable Plastics Market
- In February 2025, Bioengineering Firm Phitons launched a unique polymer composition that blends PBAT (polybutylene adipate co-terephthalate).
- In February 2025, Verde Bioresins Partners with Mr. Chain to Launch EarthMade Biodegradable Plastic Chain.
