Product Code: GVR-4-68040-473-0
Compostable Plastics Market Size & Trends:
The global compostable plastics market size was estimated at USD 2,338.40 million in 2023 and expected to grow at a CAGR of 11.01% from 2024 to 2030. Rising non-degradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for compostable plastics to effectively manage plastic pollution.
The demand for compostable plastics is on the rise as industries shift towards sustainable alternatives to conventional plastics. In recent years, both consumers and corporations have prioritized eco-friendly solutions due to increased environmental awareness and stricter regulations. Packaging industries, particularly in food and beverages, are seeing rapid adoption of compostable plastics as companies aim to meet sustainability goals. Brands across sectors are focusing on reducing plastic waste, and compostable options are becoming a preferred choice in retail and hospitality. In addition, technological advancements are improving the quality and durability of these plastics, making them more viable for broader use.
Global Compostable Plastics Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented compostable plastics market report on the basis of product, end-use, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Polylactic Acid
- Starch Blends
- PBAT
- PBS
- Others
- End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Central & South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Compostable Plastics Market Variables, Trends & Scope
- 3.1. Global Compostable Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key value chain participants
- 3.2.2. Raw Product Trends
- 3.2.3. Raw Product Price Analysis
- 3.3. Technology Overview
- 3.4. Analysis of Potential Sustainable Substitute Product
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.7. Supply-Demand GAP Analysis, 2023
- 3.8. Regulatory Framework
- 3.8.1. Policies and Incentive Plans
- 3.8.2. Standards and Compliances
- 3.8.3. Regulatory Impact Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter's Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
Chapter 4. Compostable Plastics Market: Product Outlook Estimates & Forecasts
- 4.1. Compostable Plastics Market: Product Movement Analysis, 2023 & 2030
- 4.1.1. Polylactic Acid
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Starch Blends
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. PBAT
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. PBS
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Others
- 4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Compostable Plastics Market: End Use Outlook Estimates & Forecasts
- 5.1. Compostable Plastics Market: End Use Movement Analysis, 2023 & 2030
- 5.1.1. Packaging
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Agriculture
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Consumer goods
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Textile
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Automotive & Transportation
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.6. Building & Construction
- 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.7. Others
- 5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Compostable Plastics Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Compostable Plastics Market: Regional Movement Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8. Thailand
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6. UAE
- 6.7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. Total Corbion
- 7.4.3.2. NatureWorks
- 7.4.3.3. BASF
- 7.4.3.4. Evonik Industries AG
- 7.4.3.5. Sulzer Ltd
- 7.4.3.6. Vizag chemical
- 7.4.3.7. Mitsubishi Chemical Corporation
- 7.4.3.8. Entec Polymers
- 7.4.3.9. Fujian Greenjoy Biomaterial Co., Ltd.
- 7.4.3.10. Orinko Advanced Plastics Co., Ltd.