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The compostable plastic market is forecasted to grow by USD 2.88 billion during 2023-2028, accelerating at a CAGR of 19.16% during the forecast period. The report on the compostable plastic market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use of compostable packaging, environmental hazards associated with traditional plastics increasing demand for compostable plastics, and increasing awareness on environmental concerns regarding plastic usage.
The compostable plastic market is segmented as below:
By End-user
- Packaging
- Consumer goods
- Textiles
- Agriculture
- Others
By Product
- Compostable bag
- Compostable cutlery
- Compostable gloves
- Compostable straw
- Others
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the compostable plastic market covers the following areas:
- Compostable plastic market sizing
- Compostable plastic market forecast
- Compostable plastic market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global compostable plastic market: BASF SE, BEWI ASA, Biome Technologies plc, BioTec Bags India Pvt. Ltd., BOSK Bioproducts, Cargill Inc., Danimer Scientific Inc., Eastman Chemical Co., Fkur Kunststoff GmbH, Futerro SA, Green Dot Bioplastics Inc., Kaneka Corp., KURARAY Co. Ltd., Mitsubishi Chemical Corp., Neste Corp., Northern Technologies International Corp., Novamont S.p.A., SK Chemicals Co. Ltd., Toray Industries Inc., TotalEnergies SE, and Trinseo PLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing government initiatives encouraging replacement of conventional plastics with compostable plastics."
According to the report, one of the major drivers for this market is the growing use of compostable packaging.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- BEWI ASA
- Biome Technologies plc
- BioTec Bags India Pvt. Ltd.
- BOSK Bioproducts
- Cargill Inc.
- Danimer Scientific Inc.
- Eastman Chemical Co.
- Fkur Kunststoff GmbH
- Futerro SA
- Green Dot Bioplastics Inc.
- Kaneka Corp.
- KURARAY Co. Ltd.
- Mitsubishi Chemical Corp.
- Neste Corp.
- Northern Technologies International Corp.
- Novamont S.p.A.
- SK Chemicals Co. Ltd.
- Toray Industries Inc.
- TotalEnergies SE
- Trinseo PLC
