United States Biodegradable Plastics Market is expected to reach US$ 2.18 Billion by 2028, with a CAGR of 13.68% during a forecast period of 2022-2028. The plastics industry is changing. Biodegradable packaging has become an integral part of the global packaging market. The rising consumer awareness of biodegradable packaging has led to tremendous growth in the overall market. Biodegradable materials can undergo biodegradation, a chemical process during which environmental microorganisms convert materials into natural substances such as carbon dioxide, water, compost. The method of biodegradation depends on the surrounding environmental conditions.USA Biodegradable Plastics Industry has crossed the valuation of US$ 1.01 Billion in 2022
Developing a Low-Cost and Compostable Alternative to Single-Use Plastic
The United States bio plastics industry is on the rise, and it will continue to capture a more market share year after year. For instance, Coca-Cola has introduced a next-generation prototype bottle: 100% plant-based plastic (bPET), excluding cap and label, produced using technologies that are now ready to be commercially scaled across the industry. In addition, bio plastic manufacturers are designing new formulations that meet or exceed the performance standards of traditional plastics. These are the main factors that lead bio plastics will continue a meteoric rise in the plastics industry. As per this research report USA Biodegradable Plastics Industry has crossed the valuation of US$ 1.01 Billion in 2022.Biodegradable Plastics: A leader in the eco-friendly economy in USA
Since plastics are a prominent material in modern manufacturing, they play an integral role in the switch to a circular economy. Bio plastics manufacturers have come up with several ideas and innovations in the plastics industry to turn into greener bio plastics products. The development of bio resin as an environmentally friendly substitute to polyurethane-based plastic is considered one of the crucial transformations towards a green future. For instance, New York, Boston, and Phoenix have started charging fees for bags below a certain level of thickness. Apart from this, the other USA cities that have also banned plastic bags are Los Angeles, Chicago, Seattle, San Francisco, Washington, Brownsville, and Portland.Type Insights: Starch Blend Dominates the Segment
Based on type, the USA biodegradable plastics market is bifurcated as PBAT, PBS, PHA, PLA, starch blends, and others. The starch blend segment dominates the U.S. biodegradable plastic market. The PLA biodegradable plastics are also rapidly gaining momentum in their ground arena. The inexpensive cost of PLA (Polylactic Acid) compared to any other Product is a major driving factor for the segment.Application Insights: Packaging Segment Holds the Largest Share
The United States of America's Biodegradable plastic market is bifurcated based on Applications in packaging, agriculture, consumer goods, and others. The packaging segment holds the largest share of the USA biodegradable plastic market. The adoption of PLA, a potentially recyclable material, is increasing in the biodegradable plastic rigid packaging market.Flexible packaging solutions, including trays and films, are most suitable for packaging fresh fruits and vegetables as they allow a more extended shelf life. In the present scenario, packaging processes and materials are highly sophisticated and flexible to meet application and preservations requirements. In addition, the biodegradable plastic industry continuously works on enhancing barrier properties such as antimicrobial coating to improve food product preservation.
Companies Insight: What are the takeaways for investors?
Biodegradable are now proven products that consumers are starting to seek when purchasing and creating demand. Momentum is building, and output is on the verge of a dramatic uptick. Key Companies are pouring hefty funds into research & development to introduce novel biodegradable plastic products, which are strong and readily degradable in the natural environment. Global biodegradable plastics Market key players are BASF AG, Dow Chemicals, DuPoint, Eastman Chemical Company, Green Dot Bioplastics, Novamont, Toray Industries and Westrock.The report titled “United States Biodegradable Plastic Market & Volume Forecast by Type (Starch Based, PLA, PHA, PBS, PBAT, Others), Application (Packaging, Agriculture, Consumer Goods and Others), Company Analysis (BASF AG, Dow Chemicals,DuPoint, Eastman Chemical Company, Green Dot Bioplastics, Novamont, Toray Industries and Westrock)” provides a detailed analysis of Biodegradable Plastic Market in United States.
Raw Materials
On the basis of raw materials, the report has also been segmented into Raw Materials (List of Raw Materials (Starch Based, PLA (Polylactic Acid), PHA (Polyhydroxyalcanoates), PBS (Polybutylene succinate), PBAT (Polybutyleneadipate terephthalate), and Properties of Raw Materials.Type - United States Biodegradable Plastic Market
1. Starch Based2. PLA (Polylactic Acid)
3. PHA (Polyhydroxyalcanoates)
4. PBS (Polybutylene succinate)
5. PBAT (Polybutyleneadipate terephthalate)
6. Others
Application - United States Biodegradable Plastic Market
1. Packaging2. Consumer Goods
3. Agriculture
4. Others
Raw Materials - United States Biodegradable Plastic Market
- List of Raw Materials
- Starch Based
- PLA (Polylactic Acid)
- PHA (Polyhydroxyalcanoates)
- PBS (Polybutylene succinate)
- PBAT (Polybutyleneadipate terephthalate)
- Properties of Raw Materials
Technological Snapshot
- Biodegradable Production Process
- Biodegradation of Different Polymers by Microorganisms
- Ecotoxicological Studies on Biodegradable Polymers
Interrelationship between Conventional, Bio-Based and Biodegradable Plastics
SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
All the companies have been studied from three points
- Overview
- Initiatives & Recent Developments
- Sales Analysis
Company Analysis
1. BASF AG2. Dow Chemicals
3. DuPoint
4. Eastman Chemical Company
5. Green Dot Bioplastics
6. Novamont
7. Toray Industries
8. Westrock
Table of Contents
1. Introduction2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. SWOT Analysis
5.1 Strengths
5.2 Weaknesses
5.3 Opportunities
5.4 Treat
6. Government Initiatives
7. United States Biodegradable Plastics Market
8. Market Share - United States Biodegradable Plastic Market
8.1 Type
8.2 Application
9. Volume Share - United States Biodegradable Plastic
9.1 Type
10. Type - United States Biodegradable Plastics Market
10.1 PBAT (Polybutyleneadipate Terephthalate)
10.1.1 Market
10.1.2 Volume
10.2 PBS (Polybutylene Succinate)
10.2.1 Market
10.2.2 Volume
10.3 PLA (Polylactic Acid)
10.3.1 Market
10.3.2 Volume
10.4 PHA (Polyhydroxyalkanoates)
10.4.1 Market
10.4.2 Volume
10.5 Starch Blends
10.5.1 Market
10.5.2 Volume
10.6 Others
10.6.1 Market
10.6.2 Volume
11. Application - United States Biodegradable Plastic Market
11.1 Packaging
11.2 Agriculture
11.3 Consumer Goods
11.4 Others
12. Technological Snapshot
12.1 Biodegradable Production Process
12.2 Biodegradation of Different Polymers by Microorganisms
12.3 Ecotoxicological Studies on Biodegradable Polymers
12.4 Interrelationship between Conventional, Bio-Based and Biodegradable Plastics
13. Raw Material
13.1 List of Raw Materials
13.1.1 Starch-Based
13.1.2 PLA (Polylactic Acid)
13.1.3 PHA (Polyhydroxyalcanoates)
13.1.4 PBS (Polybutylene succinate)
13.1.5 PBAT (polybutyleneadipate terephthalate)
13.2 Properties of Raw Materials
14. Company Analysis
14.1 BASF AG
14.1.1 Overviews
14.1.2 Recent Developments
14.1.3 Revenues
14.2 Dow Chemicals
14.2.1 Overviews
14.2.2 Recent Developments
14.2.3 Revenues
14.3 DuPont
14.3.1 Overviews
14.3.2 Recent Developments
14.3.3 Revenues
14.4 Eastman Chemical Company
14.4.1 Overviews
14.4.2 Recent Developments
14.4.3 Revenues
14.5 Green Dot Bioplastics
14.5.1 Overviews
14.5.2 Recent Developments
14.5.3 Revenues
14.6 Novamont
14.6.1 Overviews
14.6.2 Recent Developments
14.6.3 Revenues
14.7 Toray Industries
14.7.1 Overviews
14.7.2 Recent Developments
14.7.3 Revenues
14.8 Westrock
14.8.1 Overviews
14.8.2 Recent Developments
14.8.3 Revenues
List of Figures:
Figure 01: United States - Biodegradable Plastics Market (Billion US$), 2018 - 2022
Figure 02: United States - Forecast for Biodegradable Plastics Market (Billion US$), 2023 - 2028
Figure 03: Type - PBAT (Polybutyleneadipate Terephthalate) Market (Million US$), 2018 - 2022
Figure 04: Type - Forecast for PBAT (Polybutyleneadipate Terephthalate) Market (Million US$), 2023 - 2028
Figure 05: Type - PBAT (Polybutyleneadipate Terephthalate) Volume (Thousand tons), 2018 - 2022
Figure 06: Type - Forecast for PBAT (Polybutyleneadipate Terephthalate) Volume (Thousand tons), 2023 - 2028
Figure 07: Type - PBS (Polybutylene Succinate) Market (Million US$), 2018 - 2022
Figure 08: Type - Forecast for PBS (Polybutylene Succinate) Market (Million US$), 2023 - 2028
Figure 09: Type - PBS (Polybutylene Succinate) Volume (Thousand tons), 2018 - 2022
Figure 10: Type - Forecast for PBS (Polybutylene Succinate) Volume (Thousand tons), 2023 - 2028
Figure 11: Type - PLA (Polylactic Acid) Market (Million US$), 2018 - 2022
Figure 12: Type - Forecast for PLA (Polylactic Acid) Market (Million US$), 2023 - 2028
Figure 13: Type - PLA (Polylactic Acid) Volume (Thousand tons), 2018 - 2022
Figure 14: Type - Forecast for PLA (Polylactic Acid) Volume (Thousand tons), 2023 - 2028
Figure 15: Type - PHA (Polyhydroxyalkanoates) Market (Million US$), 2018 - 2022
Figure 16: Type - Forecast for PHA (Polyhydroxyalkanoates) Market (Million US$), 2023 - 2028
Figure 17: Type - PHA (Polyhydroxyalkanoates) Volume (Thousand tons), 2018 - 2022
Figure 18: Type - Forecast for PHA (Polyhydroxyalkanoates) Volume (Thousand tons), 2023 - 2028
Figure 19: Type - Starch Blends Market (Million US$), 2018 - 2022
Figure 20: Type - Forecast for Starch Blends Market (Million US$), 2023 - 2028
Figure 21: Type - Starch Blends Volume (Thousand tons), 2018 - 2022
Figure 22: Type - Forecast for Starch Blends Volume (Thousand tons), 2023 - 2028
Figure 23: Type - Others Market (Million US$), 2018 - 2022
Figure 24: Type - Forecast for Others Market (Million US$), 2023 - 2028
Figure 25: Type - Others Volume (Thousand tons), 2018 - 2022
Figure 26: Type - Forecast for Others Volume (Thousand tons), 2023 - 2028
Figure 27: Application - Packaging Market (Million US$), 2018 - 2022
Figure 28: Application - Forecast for Packaging Market (Million US$), 2023 - 2028
Figure 29: Application - Agriculture Market (Million US$), 2018 - 2022
Figure 30: Application - Forecast for Agriculture Market (Million US$), 2023 - 2028
Figure 31: Application - Consumer Goods Market (Million US$), 2018 - 2022
Figure 32: Application - Forecast for Consumer Goods Market (Million US$), 2023 - 2028
Figure 33: Application - Others Market (Million US$), 2018 - 2022
Figure 34: Application - Forecast for Others Market (Million US$), 2023 - 2028
Figure 35: BASF AG - Global Revenue (Million US$), 2018 - 2022
Figure 36: BASF AG - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 37: Dow Chemicals - Global Revenue (Million US$), 2018 - 2022
Figure 38: Dow Chemicals - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 39: DuPont - Global Revenue (Million US$), 2018 - 2022
Figure 40: DuPont - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 41: Eastman Chemical Company - Global Revenue (Million US$), 2018 - 2022
Figure 42: Eastman Chemical Company - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 43: Green Dot Bioplastics - Global Revenue (Million US$), 2018 - 2022
Figure 44: Green Dot Bioplastics - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 45: Novamont - Global Revenue (Million US$), 2018 - 2022
Figure 46: Novamont - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 47: Toray Industries - Global Revenue (Million US$), 2018 - 2022
Figure 48: Toray Industries - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 49: Westrock - Global Revenue (Million US$), 2018 - 2022
Figure 50: Westrock - Forecast for Global Revenue (Million US$), 2023 - 2028
List of Tables:
Table 01: United States - Biodegradable Plastic Market Share by Type (Percent), 2018 - 2021
Table 02: United States - Forecast for Biodegradable Plastic Market Share by Type (Percent), 2022 - 2027
Table 03: United States - Biodegradable Plastic Market Share by Application (Percent), 2018 - 2021
Table 04: United States - Forecast for Biodegradable Plastic Market Share by Application (Percent), 2022 - 2027
Table 05: United States - Biodegradable Plastic Volume Share by Type (Percent), 2018 - 2021
Table 06: United States - Forecast for Biodegradable Plastic Volume Share by Type (Percent), 2022 - 2027
Companies Mentioned
- BASF AG
- Dow Chemicals
- DuPoint
- Eastman Chemical Company
- Green Dot Bioplastics
- Novamont
- Toray Industries
- Westrock
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.01 Billion |
| Forecasted Market Value ( USD | $ 2.18 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | United States |
| No. of Companies Mentioned | 8 |
