United States Biodegradable Plastics Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

Name: United States Biodegradable Plastics Market, Size, Forecast 2023-2028
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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.

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.

Renub Research 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 Based
2. PLA (Polylactic Acid)
3. PHA (Polyhydroxyalcanoates)
4. PBS (Polybutylene succinate)
5. PBAT (Polybutyleneadipate terephthalate)
6. Others

Application - United States Biodegradable Plastic Market

1. Packaging
2. 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 AG
2. Dow Chemicals
3. DuPoint
4. Eastman Chemical Company
5. Green Dot Bioplastics
6. Novamont
7. Toray Industries
8. Westrock

Report Details:

Report Features	Details
Base Year	2022
Historical Period	2018 - 2022
Forecast Period	2023 - 2028
Market	US$ Billion
Segment Covered	Type, and Application
Companies Covered	BASF AG, Dow Chemicals, DuPoint, Eastman Chemical Company, Green Dot Bioplastics, Novamont, Toray Industries and Westrock
Customization Scope	20% Free Customization
Post-Sale Analyst Support	1 Year (52 Weeks)
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

1. Introduction

2. 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 – 2022
Table-02:   United States – Forecast for Biodegradable Plastic Market Share by Type (Percent), 2022 – 2028
Table-03:   United States – Biodegradable Plastic Market Share by Application (Percent), 2018 – 2022
Table-04:   United States – Forecast for Biodegradable Plastic Market Share by Application (Percent), 2022 – 2028
Table-05:   United States – Biodegradable Plastic Volume Share by Type (Percent), 2018 – 2022
Table-06:   United States – Forecast for Biodegradable Plastic Volume Share by Type (Percent), 2022 – 2028

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United States Biodegradable Plastics Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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