
Biodegradable Polymers Market
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The global biodegradable polymers market size was estimated at USD 8.4 billion in 2024. It is expected to grow from USD 9.6 billion in 2025 to USD 39.3 billion by 2034, at a CAGR of 16.9% according to latest report published by Global Market Insights Inc.

| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2024 |
| Market Size in 2024 | USD 8.4 Billion |
| Market Size in 2025 | USD 9.6 Billion |
| Forecast Period 2025 - 2034 CAGR | 16.9 % |
| Market Size in 2034 | USD 39.3 Billion |
| Key Market Trends | |
| Drivers | Impact |
| Advancements in production technology | Improvements in manufacturing processes have lowered costs and enhanced the quality of biodegradable polymers, making them more accessible and competitive compared to traditional plastics. |
| Rising demand in packaging industry | The packaging sector is one of the largest users of plastics. With growing consumer preference for sustainable packaging, companies are shifting towards biodegradable polymers to reduce their environmental impact. |
| Increasing use in medical and agricultural applications | Biodegradable polymers are gaining popularity in specialized fields such as medical devices, drug delivery systems, and agricultural films, where their ability to safely decompose offers significant advantages. |
| Consumer preference for eco-friendly products | Growing consumer demand for green and sustainable products across various industries, including food service, textiles, and electronics, is encouraging manufacturers to incorporate biodegradable polymers into their offerings. |
| Pitfalls & Challenges | Impact |
| High production costs | Compared to conventional plastics, biodegradable polymers often have higher manufacturing costs, which can limit their adoption, especially in price-sensitive markets. |
| Performance limitations | Some biodegradable polymers may have inferior mechanical properties, such as lower strength or heat resistance, making them less suitable for certain applications. |
| Opportunities: | Impact |
| Expansion in medical and agriculture sectors | Biodegradable polymers are increasingly used in healthcare and agriculture, offering safe degradation for medical implants and reducing plastic waste in farming. These high-value applications are driving demand for sustainable materials in these industries. |
| Technological innovations | Advances in polymer chemistry and manufacturing are enhancing the strength, heat resistance, and cost-effectiveness of biodegradable polymers. These improvements are expanding their industrial applications and making them more competitive with traditional plastics. |
| Development of circular economy models | Biodegradable polymers support circular economy goals by enabling reuse, recycling, and composting, reducing environmental impact. Growing investments in composting and recycling infrastructure are helping integrate these materials into sustainable waste management systems. |
| Market Leaders (2024) | |
| Market Leaders |
12.5% Market Share |
| Top Players |
Collective Market Share 42.5 % |
| Competitive Edge |
|
| Regional Insights | |
| Largest Market | North America |
| Fastest growing market | Europe |
| Emerging countries | UK, Germany, France, Italy, Spain, |
| Future outlook |
|

Based on polymer type, the market is segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), polybutylene succinate (PBS), polycaprolactone (PCL), starch-based polymers, cellulose derivatives and other emerging types. Polylactic Acid (PLA) hold a market value of USD 2.8 billion in 2024.

Based on applications, the biodegradable polymers market is segmented into packaging, agriculture, medical & healthcare, textile & fiber, consumer goods and other applications. Packaging segment was valued at USD 4 billion in 2024.
Based on end-user industry, the biodegradable polymers market is segmented into food & beverage, agriculture & horticulture, healthcare & medical, automotive, electronics & consumer, textiles & apparel. Food & Beverage segment was valued at USD 3.7 billion in 2024.

The U.S. biodegradable polymers market accounted for USD 2.1 billion in 2024.
The market for biodegradable polymers is growing in North America as the focus of both businesses and consumers is shifting towards environmental sustainability. Increased awareness about plastic pollution, as well as more stringent regulation on single-use plastics, put pressure on manufacturers to use eco-friendly alternatives. This shift is strong in the United States, whereby federal and state policies have promoted the use of biodegradable materials across packaging, agriculture, and consumer goods. Advances in polymer science also enable the performance and cost-effectiveness of biodegradable polymers such that it becomes attractive to industries that want to reduce their carbon footprints. Therefore, North America will continue to grow as a leading region for innovation adoptions of biodegradable polymer solutions.
The biodegradable polymers market in Europe is constantly growing. Increased awareness among people in the environment along with heavy regulation on reduction of plastic waste and sustained environmental aspect has encouraged the European nations to introduce biodegradable materials in their policy frameworks. They have supported policies that would regulate the use of plastics through restrictions imposed on single-use plastics, as well as promotion of circular economy principles. Innovations in polymer technology have improved the performance of biodegradable polymers to the extent where they can find applications in packaging, homemaking, and agriculture among many other fields. Moreover, end-user preferences are shifting more towards green products, thus manufacturers are inclined to biodegradable products with greener raw material production methods.
The Asia-Pacific biodegradable polymer industry is a rapidly developing industry, with governments and consumers slowly diverting their priorities towards a more sustainable environment. Countries like China, India, Japan, and South Korea are implementing policies targeted at reducing their plastic pollution levels, promoting behavior changes, reducing reliance on single-use plastics, and encouraging the use of environmentally friendly materials instead. Rising awareness regarding green issues drives demand for biodegradable substitutes, especially in the packaging, agriculture, and healthcare segments.
The biodegradable polymer sector in Latin America is growing rapidly with the various driving factors in which environment, agriculture, and supporting policies are considered. The key countries in this change include Brazil, Mexico, and Argentina, which have adopted specific regulations toward plastic waste reduction and a multiplicity of sustainable alternatives. Increased consumer demand for sustainable products also drives the escalation of standards for adopting biodegradable materials in packaging, agriculture, and other food services. Thus, Latin America is likely to capture significant market shares in the global biodegradable polymer market due to favorable policies, resource availability, and consumer loyalty.
Biodegradable polymers market in Middle East and Africa is driven by increased investments made in sustainable technologies and environmental initiatives. Government support and policies are urging the adoption of biodegradable materials in multiple industries and reducing the burden of plastic waste. Leading this movement across the packaging, agriculture and consumer goods segments are countries such as the UAE, Saudi Arabia and South Africa. More so, partnerships established between local research institutions and the global companies expedite the progress made on new biodegradable polymer material development, fostering innovation and ensuring continued growth of the sector as it cuts across the region.
The global market is moderately concentrated, with the top five players having market share of 42.5%, with the market leader being BASF SE, which holds a 12.5% market share.
Major players operating in the biodegradable polymers industry include:
BASF SE is chemical company, built upon the sustainable foundation of its innovations across material development. With biodegradable polymers, BASF aims to develop environmentally friendly solutions. Leveraging its strong R&D capacities and cross-sector partnerships, the company is working to develop biodegradable technologies that further waste reduction, responsible consumption, and ecological balance.
NatureWorks LLC is known as an advanced materials company in the U.S. which provides all-encompassing biopolymers from annually renewable resources. It is a partnership company of Cargill and PTT Global Chemical for which the efforts are directed toward giving any performance polymer solutions as an alternative to oil-based plastics with increased environmental accountability. The company operates globally, covering areas like packaging, 3D printing, or consumer goods, besides general influence on innovation, sustainable feedstocks, and the circular economy.
Corbion N.V. is a Netherlands company that focuses on sustainable ingredient solutions and has a solid presence in biobased materials and biochemicals. With expertise in fermentation and natural processes, Corbion develops biodegradable, renewable polymers, mainly for packaging, agriculture, and medical applications. Environmental considerations become integral to the company's operations, which are largely based on circular economy principles to develop alternatives to conventional fossil-based materials. Innovation focuses on collaboration across a variety of industries in the development of sustainable production methods.
Novamont S.p.A. is an Italian-based company which is mainly producing biodegradable and compostable materials made from renewable resources. It focuses on sustainability-enhancing chemical innovation by combining agricultural techniques and consequently producing an eco-friendly product that minimizes environmental impact. Novamont develop such materials that are easily recyclable or biodegradable, thereby promoting a circular economy along with local and responsible production systems.
Mitsubishi Chemical Group is a Japanese corporation aiming to develop sustainable materials through innovation and responsibility towards the environment. The group incorporates advanced research in the manufacture of biodegradable polymers that serve eco-friendly applications across varied industries, such as packaging, agriculture, and consumer products. Mitsubishi Chemical Group contributes to the emerging economies of the circular economy by their efforts with renewable resources and environmental impacts throughout the life cycle of goods.
By Polymer Type
By Applications
By End Use Industry
The above information is provided for the following regions and countries:
The packaging segment dominated with USD 4 billion revenue in 2024, as global brands and retailers adopt biodegradable packaging materials such as PLA, starch-based films, and cellulose derivatives to comply with sustainability mandates.
The food and beverage segment accounted for USD 3.7 billion revenue in 2024, driven by the demand for compostable containers, films, and cutlery to reduce plastic waste and align with eco-friendly consumption trends.
North America led the market with USD 2.1 billion revenue in 2024, supported by strong regulatory frameworks, high public awareness, and increasing adoption of biodegradable materials across packaging, agriculture, and healthcare applications.
Key players include BASF SE, NatureWorks LLC, Corbion N.V., Novamont S.p.A., Mitsubishi Chemical Group, Kaneka Corporation, Biome Bioplastics Limited, FKuR Kunststoff GmbH, Braskem S.A., Kingfa Sci. & Tech. Co. Ltd., Bio-On S.p.A., Plantic Technologies Limited, Genomatica Inc., Mango Materials Inc., Full Cycle Bioplastics Inc., RWDC Industries Pte Ltd., Bioplastics Feedstock Alliance, and CJ CheilJedang Corporation.
The market is expected to reach USD 39.3 billion by 2034, growing at a CAGR of 16.9%, fueled by technological innovations, growing circular economy initiatives, and the expansion of biodegradable applications in healthcare and agriculture.
The market is projected to reach USD 9.6 billion in 2025, supported by advancements in polymer processing technologies, lower production costs.
The polylactic acid (PLA) segment led the market with USD 2.8 billion revenue in 2024, due to its widespread application in packaging.
The market size was USD 8.4 billion in 2024, driven by rising environmental awareness, growing restrictions on single-use plastics, and increased adoption of sustainable packaging materials across industries.


