North America Biodegradable Plastic Market was valued at USD 0.90 Billion in 2022 and is projected to reach USD 1.95 Billion by 2030, growing at a CAGR of 10.33% from 2024 to 2030.
The North American biodegradable plastic market has seen a rapid surge in demand as industries strive to meet sustainability targets and reduce their environmental impact. As the effects of climate change and plastic pollution become more apparent, biodegradable plastics have emerged as a potential solution to combat the widespread damage caused by conventional plastic waste. With increasing pressure from both consumers and governments, businesses across various sectors are now prioritizing eco-friendly alternatives to traditional plastics.
Key industries like packaging, agriculture, automotive, and consumer goods are among the primary drivers of the biodegradable plastics market in North America. In packaging, biodegradable plastics are gaining popularity for their ability to decompose naturally, minimizing long-term environmental damage. The food and beverage industry, in particular, has adopted these materials for packaging to align with consumer preferences for sustainable solutions. According to recent reports, biodegradable plastics in the packaging sector are projected to grow by over 15% annually in the next few years.
In agriculture, biodegradable plastics play a crucial role in reducing the need for plastic mulch, which traditionally contributes to landfill waste. These biodegradable alternatives break down naturally and leave no harmful residues, offering a more sustainable solution for agricultural practices. Moreover, the automotive industry is incorporating biodegradable plastic components into vehicle interiors, reducing their carbon footprint and supporting green manufacturing practices.
One of the main drivers of this market’s growth is the increasing regulatory pressure on industries to reduce their reliance on petroleum-based plastics. Government policies and regulations in North America are gradually phasing out single-use plastics and promoting the use of biodegradable alternatives. This regulatory push has led to higher demand for biodegradable plastics as industries look to comply with new environmental standards.
The North America biodegradable plastic market continues to grow as industries increasingly recognize the need to adopt more sustainable practices in the face of growing environmental concerns.
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BASF
Mitsubishi Chemical
Kuraray
Corbion
Metabolix
NatureWorks
Biome Technologies
Bio-On SpA
Meredian Holdings Group
Tianan Biologic Materials
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Biodegradable Plastic Market
Packaging
Textiles
Automotive
Agriculture
Construction
Others
Based on Types the Market is categorized into Below types that held the largest Biodegradable Plastic market share In 2023.
Polylactic Acid (PLA)
Polybutylene Succinate (PBS)
Polyhydroxyalkanoates (PHA)
Cellulose Derivatives
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)
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1. Introduction of the North America Biodegradable Plastic 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 Plastic Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Biodegradable Plastic Market, By Type
6. North America Biodegradable Plastic Market, By Application
7. North America Biodegradable Plastic Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Biodegradable Plastic Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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