North America Biodegradable Plastics and Polymers Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 10.7% from 2024 to 2030.
The North American Biodegradable Plastics and Polymers Market is experiencing significant growth, driven by increasing environmental concerns and the demand for sustainable materials across various industries. In 2021, the market was valued at approximately USD 1,039.4 million and is projected to expand at a compound annual growth rate (CAGR) of 9.6% from 2022 to 2030. This growth is primarily attributed to the rising urbanization and the renewable nature of bio-based products, which are gaining traction in multiple sectors. The flexible packaging industry, in particular, is a major contributor to this upward trend, as companies seek eco-friendly alternatives to traditional plastics. citeturn0search0
In terms of application, the packaging sector dominates the North American biodegradable plastics market, accounting for around 62.4% of the demand. This segment is expected to continue its growth trajectory, with an annual average increase of 6.0% per year. Other notable applications include consumer goods (12.9%), agriculture (9.8%), and textiles (4.4%). The remaining 10.5% is distributed across various other applications. The widespread adoption of biodegradable plastics in packaging is driven by the increasing consumer preference for sustainable products and the implementation of stricter environmental regulations. citeturn0search1
Among the types of biodegradable plastics, starch-based products lead the market, holding a volume share of 27.99% in 2021. These plastics are produced from widely available natural resources such as potato, tapioca, wheat, rice, and corn. Their popularity is expected to continue growing during the forecast period, driven by their cost-effectiveness and biodegradability. Additionally, the demand for polylactic acid (PLA) plastics is on the rise, as they offer a sustainable alternative to conventional plastics in various applications. citeturn0search0
The United States accounts for nearly 93% of the North American biodegradable plastics demand, with Mexico and Canada contributing approximately 1.9% and 5.3%, respectively. This distribution highlights the significant role of the U.S. market in driving the growth of biodegradable plastics in the region. The increasing adoption of sustainable practices and the implementation of policies favoring eco-friendly materials are expected to further boost the demand for biodegradable plastics in North America. citeturn0search1
In summary, the North American Biodegradable Plastics and Polymers Market is poised for substantial growth, driven by the escalating demand for sustainable materials across various industries. The packaging sector remains the largest consumer of biodegradable plastics, with starch-based products leading the market. The United States plays a pivotal role in this growth, accounting for the majority of the demand in the region. As environmental concerns continue to rise, the adoption of biodegradable plastics is expected to expand, offering promising opportunities for manufacturers and consumers alike.
Get an In-Depth Research Analysis of the North America Biodegradable Plastics and Polymers Market Size And Forecast [2025-2032]
BASF
Eastman
Showa Denko
DuPont
Kingfa
Mitsubishi Chemical
Meredian
Tianjin GreenBio Materials
Biomer
Metabolix
Yifan Xinfu Pharmaceutical
Ecomann
Anqing Hexing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the North America Biodegradable Plastics and Polymers Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Biodegradable Plastics and Polymers Market
Plastic Bags
Loose Packing Material Packaging
Pharmaceutical Packaging
Paper Coated
Others
Based on Types the Market is categorized into Below types that held the largest Biodegradable Plastics and Polymers market share In 2023.
PLA
PHA
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Biodegradable Plastics and Polymers Market Research Analysis
1. Introduction of the North America Biodegradable Plastics and Polymers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Biodegradable Plastics and Polymers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Biodegradable Plastics and Polymers Market, By Type
6. North America Biodegradable Plastics and Polymers Market, By Application
7. North America Biodegradable Plastics and Polymers Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Biodegradable Plastics and Polymers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/