[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Asia Pacific Biodegradable Plastics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others) and End User (Packaging and Bags, Agriculture and Horticulture, Consumer Goods, and Others)

April 2023 | 104 pages | ID: A3B3B658C4C6EN
The Insight Partners

US$ 3,000.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The Asia Pacific biodegradable plastics market is expected to grow from US$ 2,165.03 million in 2022 to US$ 6,758.94 million by 2028. It is estimated to grow at a CAGR of 20.9% from 2022 to 2028.

Emerging Use of Biodegradable Plastic in Biomedical Applications is Drive Asia Pacific Biodegradable plastics market

Biodegradable plastics such as PLA; PCL; poly lactic-co-glycolic acid (PLGA) and poly-hydroxyalkanoate (PHA), along with their copolymers, are applied in the human centric biomedical applications. For instance, PLA is widely used in medical applications owing to its biocompatibility and bio dissolvability in the human body by the hydrolysis of the ester backbone to produce non-harmful and nontoxic compounds after its degradation. PLA and its copolymers are also used in wound management applications that includes the manufacturing of surgical sutures, prevention of postoperative adhesions, and the healing of dental wounds. PLA is used in drug delivery systems considering its complete biodegradability, better encapsulation, biocompatibility, and low toxicity. Biodegradable plastics are also used in the orthopaedic applications to avoid a second surgical procedure to remove unnecessary hardware. PLA is required to manufacture biodegradable suture anchors, screws, and fixation pins. The absorbable screws and pins are widely used in clinical applications where high mechanical strength can be neglected.

Asia Pacific Biodegradable Plastics Market Overview

Growing investments by key market players are the key factors anticipated to drive the Asia Pacific biodegradable plastics market growth in the region.

Consumers are increasingly shifting towards biodegradable plastics due to increasing environment-related regulations and government initiatives to encourage environmental awareness. The rising number of bans on traditional plastics proves to be the primary driver for the growth of this market. As countries such as India and China are environmentally concerned, companies are shifting to biodegradable plastics, which helps them acquire a higher consumer market share. The growing demand for flexible packaging from the consumer goods industry and the adoption of various technological innovations in packaging have led to the substantial growth of the packaging sector. The packaging sector is also growing, with significant demand from the food & beverage industry. Besides, the consumption of bottled water has been witnessing steady growth and is predicted to grow further, which will enormously increase the demand for packaging; therefore, the biodegradable plastic market is predicted to grow in the region. Moreover, according to The Asia-Pacific Research and Training Network on Trade (ARTNeT), Thailand is a major automobile exporting country, but Japanese FDI mainly drives the sector. The Chinese automobile sector is growing very fast and is expected to make its impact in the international trade arena soon, with a strong position in the component sector. On the other hand, India is consolidating its position with strong domestic and international demand. Further, the Indonesian automotive industry is an assembly industry dominated by prominent Japanese car manufacturers. Thus, the growth in the packaging, construction, and automotive sectors is further bolstering the demand for biodegradable plastics in the region.

Asia Pacific Biodegradable Plastics Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Biodegradable Plastics Market Segmentation

The Asia pacific biodegradable plastics market is segmented into type, end user, and country.

Based on type, the Asia pacific biodegradable plastics market is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. In 2022, the starch blends segment registered a largest share in the Asia pacific biodegradable plastics market.

Based on end-user, the Asia pacific biodegradable plastics market is segmented into packaging and bags, agriculture and horticulture, consumer goods, and others. In 2022, the packaging and bags segment registered a largest share in the Asia pacific biodegradable plastics market.

Based on country, the Asia pacific biodegradable plastics market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia pacific biodegradable plastics market.

BASF SE; FKuR Kunststoff GmbH; Kingfa Science and Technology Co Ltd; Mitsubishi Chemical Holdings Corp; NatureWorks LLC; Novamont SpA; Plantic Technologies Ltd; TotalEnergies Corbion BV are the leading companies operating in the Asia pacific biodegradable plastics market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biodegradable Plastics Market – By Type
1.3.2 Asia Pacific Biodegradable Plastics Market – End-User
1.3.3 Asia Pacific Biodegradable Plastics Market – By Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET LANDSCAPE

4.1 Market Overview
4.3 Expert Opinions

5. ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET – KEY INDUSTRY DYNAMICS

5.1 Market Drivers
5.1.1 Growing awareness among customers about adverse effects of conventional plastics
5.1.2 Clean up efforts taken up by the governments.
5.2 Market Restraints
5.2.1 Cheaper alternatives like conventional plastics
5.3 Market Opportunities
5.3.1 Implementation of biodegradable plastics in biomedical applications
5.4 Future Trends
5.4.1 Emerging Use of Biodegradable Plastic in Biomedical Applications
5.5 Impact Analysis of Drivers and Restraints

6. BIODEGRADABLE PLASTICS – ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Biodegradable Plastics Market Forecast and Analysis

7. ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY TYPE

7.1 Overview
7.2 Asia Pacific Biodegradable Plastics Market, By Type (2021 and 2028)
7.2.1 PLA
7.2.1.1 Overview
7.2.1.2 PLA: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.2 PHA
7.2.2.1 Overview
7.2.2.2 PHA: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Starch Blends
7.2.3.1 Overview
7.2.3.2 Starch Blends: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 PBS
7.2.4.1 Overview
7.2.4.2 PBS: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.5 PBAT
7.2.5.1 Overview
7.2.5.2 PBAT: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.6 Others
7.2.6.1 Overview
7.2.6.2 Others: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8. ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY END USER

8.1 Overview
8.2 Asia Pacific Biodegradable Plastics Market, By End User (2021 and 2028)
8.3 Packaging and Bags
8.3.1 Overview
8.3.2 Packaging and Bags: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Agriculture and Horticulture
8.4.1 Overview
8.4.2 Agriculture and Horticulture: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9. ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 Asia Pacific: Biodegradable Plastics Market, by Key Country
9.1.1.1 Australia: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Biodegradable Plastics Market, by Type
9.1.1.1.2 Australia: Biodegradable Plastics Market, by End User
9.1.1.2 China: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Biodegradable Plastics Market, by Type
9.1.1.2.2 China: Biodegradable Plastics Market, by End User
9.1.1.3 India: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Biodegradable Plastics Market, by Type
9.1.1.3.2 India: Biodegradable Plastics Market, by End User
9.1.1.4 Japan: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Biodegradable Plastics Market, by Type
9.1.1.4.2 Japan: Biodegradable Plastics Market, by End User
9.1.1.5 South Korea: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Biodegradable Plastics Market, by Type
9.1.1.5.2 South Korea: Biodegradable Plastics Market, by End User
9.1.1.6 Rest of Asia Pacific: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Biodegradable Plastics Market, by Type
9.1.1.6.2 Rest of Asia Pacific: Biodegradable Plastics Market, by End User

10. COMPANY PROFILES

10.1 BASF SE
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 FKuR Kunststoff GmbH
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Novamont SpA
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Kingfa Science and Technology Co Ltd
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 NatureWorks LLC
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Mitsubishi Chemical Holdings Corp
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Plantic Technologies Ltd
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 TotalEnergies Corbion BV
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments

11. APPENDIX

11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES

Table 1. Asia Pacific Biodegradable Plastics Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Australia Biodegradable Plastics Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Asia Pacific Biodegradable Plastics Market

LIST OF FIGURES

Figure 1. Asia Pacific Biodegradable Plastics Market Segmentation
Figure 2. Asia Pacific Biodegradable Plastics Market Segmentation – By Country
Figure 3. Asia Pacific Biodegradable Plastics Market Overview
Figure 4. Packaging and bags segment holds the largest share
Figure 5. China Held Largest Share of Biodegradable Plastics Market in 2021
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Biodegradable Plastics Market: Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Biodegradable Plastics Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 10. Asia Pacific Biodegradable Plastics Market Revenue Share, By Type (2021 and 2028)
Figure 11. PLA: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. PHA: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Starch Blends: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. PBS: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. PBAT: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Others: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Asia Pacific Biodegradable Plastics Market Revenue Share, By End User (2021 and 2028)
Figure 18. Packaging and Bags: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Agriculture and Horticulture: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Consumer Goods: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: Asia Pacific Biodegradable Plastics Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Asia Pacific: Biodegradable Plastics Market Share, by Key Country - Revenue (2021) (US$ Million)
Figure 23. Asia Pacific: Biodegradable Plastics Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Australia: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Asia Pacific: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)


More Publications