Biodegradable Plastics Market Analysis

The market is segmented by type into starch-based, PBAT, PBS, PLA, and PHA, out of which, the starch-based segment is anticipated to hold the largest share in the global biodegradable plastics market on account of the increasing usage of this plastic in industries such as automobiles, packaging and agriculture. In addition, the PHA segment is predicted to witness the highest growth by the end of 2030 ascribing to the growing applications of PHA in pharmaceutical industry for medical implants and drug encapsulation. Moreover, on the basis of end user, the packaging & bags segment is assessed to grab the largest share over the forecast period owing to the rising replacement of conventional plastics by biodegradable ones in food packaging for the production of boxes, plates and wraps.

Our in-depth analysis of the global market includes the following segments