Biodegradable Plastic Additives Market Size – By Form (Property Modifiers, Property Extenders, Property Stabilizers and Processing Aids), By Additive Type (Natural Additives, Synthetic Additives and Functional Additives), By Application (Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Antimicrobials, UV Stabilizers and Others), By End-user (Food and Beverage, Consumer Products, Agriculture, Healthcare, Automotive, Textile and Apparel, Electronics and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-05
- NO OF PAGES
- 295
- CATEGORY
- Chemicals & Materials
Market Overview
The Biodegradable Plastic Additives market report is predicted to develop at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2034, when global Biodegradable Plastic Additives market forecast size is projected to reach USD 5.27 Billion in 2034, based on an average growth pattern. The global Biodegradable Plastic Additives market revenue is estimated to reach a value of USD 2.86 Billion in 2024.
SOURCE: We Market Research
The global
biodegradable plastic additives market refers to the segment of the plastics
industry that encompasses additives designed to enhance the biodegradability of
plastic materials. These additives are incorporated into various types of
plastics to facilitate their decomposition in natural environments, thus
reducing the long-term environmental impact associated with conventional
plastics. The global biodegradable plastic additives market is a growing
segment within the broader plastic industry, driven by increasing environmental
concerns and a shift towards sustainable materials.
The
biodegradable plastic additives market is poised for significant growth as
environmental concerns and regulatory pressures continue to drive demand for
sustainable alternatives. With ongoing innovations and expanding applications,
this market presents opportunities for both existing players and new entrants
focused on sustainability.
Global Biodegradable Plastic Additives Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 2.86 Billion |
|
Market
Forecast in 2034 |
USD 5.27 Billion |
|
CAGR % 2024-2034 |
9.2% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Form, By Additive
Type, By Application, By End-user and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Biodegradable Plastic Additives Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Biodegradable Plastic Additives market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Biodegradable Plastic Additives Market Segmentation
Market- By Form Analysis
By form, the Biodegradable Plastic Additives market analysis is categories into Property Modifiers, Property Extenders, Property Stabilizers and Processing Aids. Property modifiers segment dominates the market with the largest share, accounting for over 45% of the market in 2023. This segment holds a significant share, as property modifiers are crucial for enhancing the performance characteristics of biodegradable plastics, such as flexibility, durability, and thermal stability. They help in adjusting the physical properties of the plastic to meet specific application requirements.
The
following segments are part of an in-depth analysis of the global Biodegradable
Plastic Additives market:
|
Market Segments |
|
|
By Form |
·
Property Modifiers ·
Property Extenders ·
Property Stabilizers ·
Processing Aids |
|
By Additive
Type |
·
Natural Additives o
Starch-based Additives o
Lignin-based Additives o
Cellulose-based Additives ·
Synthetic Additives o
Polycaprolactone (PCL) o
Polylactic Acid (PLA) o
Polyhydroxyalkanoates (PHA) o
Others ·
Functional Additives o
Antioxidants o
UV Stabilizers o
Plasticizers o
Fillers |
|
By Application |
·
Plasticizers ·
Flame Retardants ·
Impact Modifiers ·
Antioxidants ·
Antimicrobials ·
UV Stabilizers ·
Others |
|
By End-user |
·
Food and Beverage ·
Consumer Products ·
Agriculture ·
Healthcare ·
Automotive ·
Textile and Apparel ·
Electronics ·
Others |
Biodegradable Plastic Additives Industry: Regional
Analysis
North America Market Forecast
North America holds a significant market share. The growth is driven by increasing awareness of environmental issues, stringent regulations on plastic waste, and a strong presence of key players in the biodegradable additives sector. The U.S. and Canada are leading markets, with a focus on sustainable packaging and agricultural applications.
Europe Market Statistics
Europe is one of
the largest markets for biodegradable plastic additives, with a market share of
35%. The region is characterized by rigorous environmental policies, high
demand for sustainable products, and a well-established circular economy.
Countries like Germany, France, and the UK are at the forefront of adopting
biodegradable materials in various sectors, including packaging and consumer
goods.
Asia Pacific Market Forecasts
The APAC region
is experiencing rapid growth in the biodegradable plastic additives market,
particularly in countries like China, Japan, and India. Rising awareness of
environmental issues and increasing government initiatives to promote
biodegradable materials contribute to market expansion.
Middle East & Africa Market Statistics
The MEA region
has a smaller market share for biodegradable plastic additives but is gradually
growing as governments and industries begin to recognize the need for
sustainable materials. Investments in waste management and recycling
initiatives are expected to drive future growth.
Latin America Market Statistics
Latin America is
in the early stages of adopting biodegradable plastic additives, with Brazil
and Argentina leading the way. Increasing consumer awareness and government
support for sustainable practices are driving growth, but challenges remain
regarding infrastructure and market readiness.
The Global Biodegradable Plastic Additives Market is
dominated by a few large companies, such as
·
BASF SE
·
Clariant AG
·
Dow Inc.
·
EPI Environmental Technologies Inc.
·
NatureWorks LLC
·
Novamont S.p.A.
·
Wells Plastics Ltd.
·
BioBag International AS
·
Green Dot Bioplastics, Inc.
·
Meredian Holdings Group, Inc.
·
Total Corbion PLA
·
Kraton Corporation
·
Earthfirst Films, LLC
·
Polyone Corporation
· Futerro S.A.
1.
Global
Biodegradable Plastic Additives Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Biodegradable Plastic
Additives Market Scope and Market Estimation
1.2.1. Global Biodegradable Plastic
Additives Overall Market Size (US$ Bn) and Volume (Tons), Market CAGR (%),
Market forecast (2024 - 2034)
1.2.2. Global Biodegradable Plastic
Additives Market Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y)
from 2019 - 2034
1.3. Market Segmentation
1.3.1. Form of Global Biodegradable
Plastic Additives Market
1.3.2. Additive Type of Global Biodegradable
Plastic Additives Market
1.3.3. Application of Global Biodegradable
Plastic Additives Market
1.3.4. End-user of Global Biodegradable
Plastic Additives Market
1.3.5. Region of Global Biodegradable
Plastic Additives Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Biodegradable Plastic
Additives Market Estimates &
Historical Trend Analysis (2019 - 2023)
4. Global
Biodegradable Plastic Additives Market
Estimates & Forecast Trend Analysis, by Form
4.1. Global Biodegradable Plastic
Additives Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by
Form, 2019 - 2034
4.1.1. Property Modifiers
4.1.2. Property Extenders
4.1.3. Property Stabilizers
4.1.4. Processing Aids
5. Global
Biodegradable Plastic Additives Market
Estimates & Forecast Trend Analysis, by Additive Type
5.1. Global Biodegradable Plastic
Additives Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Additive Type, 2019 - 2034
5.1.1. Natural Additives
5.1.1.1.
Starch-based
Additives
5.1.1.2.
Lignin-based
Additives
5.1.1.3.
Cellulose-based
Additives
5.1.2. Synthetic Additives
5.1.2.1.
Polycaprolactone
(PCL)
5.1.2.2.
Polylactic
Acid (PLA)
5.1.2.3.
Polyhydroxyalkanoates
(PHA)
5.1.2.4.
Others
5.1.3. Functional Additives
5.1.3.1.
Antioxidants
5.1.3.2.
UV
Stabilizers
5.1.3.3.
Plasticizers
5.1.3.4.
Fillers
6.
Global Biodegradable Plastic
Additives Market Estimates &
Forecast Trend Analysis, by Application
6.1. Global Biodegradable Plastic
Additives Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Application, 2019 - 2034
6.1.1. Plasticizers
6.1.2. Flame Retardants
6.1.3. Impact Modifiers
6.1.4. Antioxidants
6.1.5. Antimicrobials
6.1.6. UV Stabilizers
6.1.7. Others
7. Global
Biodegradable Plastic Additives Market
Estimates & Forecast Trend Analysis, by End-user
7.1. Global Biodegradable Plastic
Additives Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
End-user, 2019 - 2034
7.1.1. Food and Beverage
7.1.2. Consumer Products
7.1.3. Agriculture
7.1.4. Healthcare
7.1.5. Automotive
7.1.6. Textile and Apparel
7.1.7. Electronics
7.1.8. Others
8.
Global Biodegradable Plastic
Additives Market Estimates &
Forecast Trend Analysis, by Region
8.1. Global Biodegradable Plastic
Additives Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Biodegradable Plastic Additives Market: Estimates & Forecast Trend Analysis
9.1.
North
America Biodegradable Plastic Additives Market Assessments & Key Findings
9.1.1. North America Biodegradable
Plastic Additives Market Introduction
9.1.2. North America Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
9.1.2.1. By Form
9.1.2.2. By Additive Type
9.1.2.3. By Application
9.1.2.4. By End-user
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Biodegradable
Plastic Additives Market: Estimates
& Forecast Trend Analysis
10.1. Western Europe Biodegradable
Plastic Additives Market Assessments & Key Findings
10.1.1. Western Europe Biodegradable
Plastic Additives Market Introduction
10.1.2. Western Europe Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
10.1.2.1. By Form
10.1.2.2. By Additive Type
10.1.2.3. By Application
10.1.2.4. By End-user
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Biodegradable
Plastic Additives Market: Estimates
& Forecast Trend Analysis
11.1. Eastern Europe Biodegradable
Plastic Additives Market Assessments & Key Findings
11.1.1. Eastern Europe Biodegradable
Plastic Additives Market Introduction
11.1.2. Eastern Europe Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
11.1.2.1. By Form
11.1.2.2. By Additive Type
11.1.2.3. By Application
11.1.2.4. By End-user
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Biodegradable
Plastic Additives Market: Estimates
& Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Biodegradable
Plastic Additives Market Introduction
12.1.2. Asia Pacific Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
12.1.2.1. By Form
12.1.2.2. By Additive Type
12.1.2.3. By Application
12.1.2.4. By End-user
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Biodegradable
Plastic Additives Market: Estimates
& Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Biodegradable
Plastic Additives Market Introduction
13.1.2. Middle
East & Africa Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
13.1.2.1. By Form
13.1.2.2. By Additive Type
13.1.2.3. By Application
13.1.2.4. By End-user
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Biodegradable Plastic Additives Market:
Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Biodegradable
Plastic Additives Market Introduction
14.1.2. Latin America Biodegradable
Plastic Additives Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
14.1.2.1. By Form
14.1.2.2. By Additive Type
14.1.2.3. By Application
14.1.2.4. By End-user
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Biodegradable Plastic Additives
Market Product Mapping
16.2. Global Biodegradable Plastic
Additives Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
16.3. Global Biodegradable Plastic
Additives Market Tier Structure Analysis
16.4. Global Biodegradable Plastic
Additives Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. BASF SE
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
17.2. Clariant AG
17.3. Dow Inc.
17.4. EPI
Environmental Technologies Inc.
17.5. NatureWorks
LLC
17.6. Novamont
S.p.A.
17.7. Wells Plastics
Ltd.
17.8. BioBag
International AS
17.9. Green Dot
Bioplastics, Inc.
17.10. Meredian Holdings
Group, Inc.
17.11. Total Corbion
PLA
17.12. Kraton
Corporation
17.13. Earthfirst
Films, LLC
17.14. Polyone
Corporation
17.15. Futerro S.A.
17.16. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Biodegradable Plastic Additives Market in 2024?
Biodegradable Plastic Additives Market was valued at USD 45.75 Billion in 2024.
What is the growth rate for the Biodegradable Plastic Additives Market?
Biodegradable Plastic Additives Market size will increase at approximate CAGR of 22.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are BASF SE, Clariant AG, Dow Inc., EPI Environmental Technologies Inc., NatureWorks LLC, Novamont S.p.A., Wells Plastics Ltd., Futerro S.A. and others.
Which region dominates the Biodegradable Plastic Additives Market?
Europe dominates the market with an active share of 35%.
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