Biodegradable polymers Market is predicted to reach USD 5,887.8 million at a CAGR of 7.47% during the forecast period 2023-2030

Market Research Future (MRFR) has published on the “Global Biodegradable polymers Market”.

The Biodegradable polymers market is estimated to register a CAGR of 7.47% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Biodegradable polymers market— BASF SE, Total Corbion, NatureWorks, Biome Bioplastics, Novamont S.p.A, Evonik Industries, Toray Industries, Inc., Cortec Corporation, Plantic Technologies, Arkema.

Market Highlights

The Global Biodegradable polymers Market Size was valued at USD 3,307.7 million in 2022. The Biodegradable polymers Market industry is projected to grow from USD 3,501.4 million in 2023 to USD 5,887.8 million by 2030, exhibiting a compound annual growth rate (CAGR) of 7.47% during the forecast period (2023 - 2030).

Biodegradable polymers are materials that can function for a limited period before deteriorating into readily discarded products by agents such as bacteria and nature. They could be manufactured from a range of wastes or bioresources, including food, animal, and agro-waste, as well as other sources like starch and cellulose. Biodegradable polymers are preferable to non-biodegradable polymers because they are less toxic, and have fewer side effects, as compared to conventional polymers. The various types of biodegradable polymers include Poly(lactic acid) (PLA), Polyhydroxyalkanoate (PHA), Polysaccharide derivatives, Poly(amino acid), and others. These polymers are widely used in packaging, consumer goods, textiles, agriculture & horticulture, and others.

Non-biodegradable polymers are a global issue that needs to be solved. Governments around the world are addressing this issue by prohibiting single-use plastics and encouraging the use of biodegradable polymers. Furthermore, people are willing to pay more for biodegradable plastics due to their environmental friendliness. Packaging is a major end-use area for biodegradable polymers, and it is utilized in both rigid and flexible packaging. The replacement of traditional plastics in food packaging’s such as boxes, wraps, cups, and plates by these goods is gaining traction, which is helping the expansion of the biodegradable plastic market. Also, the agriculture & horticulture industry had a large market share followed by the consumer goods and textile sectors.

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Segment Analysis

As per MRFR analysis, the global Biodegradable polymers market has been segmented based on Type, application, and region.

The global Biodegradable polymers Market segmentation, Based on type, the global market has been divided into PLA, Starch Blends, PHA, and Others. The Starch Blend segment dominated the global market, accounting for largest share in 2022.

Based on End-use industry, the global market has been divided into Packaging, Consumer Goods, Textile, Agriculture & Horticulture, and Others. The Packaging segment dominated the global market, accounting for largest share in 2022.

Regional Analysis

By Region, the study segments the Biodegradable polymers market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific Biodegradable polymers market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period.

The global market owing to the easy availability of raw materials as well as increasing demand from the end-use industries such as Packaging, Consumer Goods, Textile, and others. Europe accounted for the second largest with a market share of xx% and valued at USD xx million. The growth is attributed to the growing automotive and coating industry in the region.

Key Findings of the Study

• The global Biodegradable polymers market is expected to reach USD 139,975.8 million by 2030, at a CAGR of 7.47% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market.


• Based on Type, the starch blend segment was attributed to holding the largest market in 2022.


• Based on application, the packaging segment was attributed to holding the largest market in 2022.


• BASF SE, Total Corbion, NatureWorks, Biome Bioplastics, Novamont S.p.A, Evonik Industries, Toray Industries, Inc., Cortec Corporation, Plantic Technologies, Arkema.