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Middle East & Africa 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 | 90 pages | ID: MD6C639D6BD2EN
The Insight Partners

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The Middle East & Africa biodegradable plastics market is expected to grow from US$ 317.59 million in 2022 to US$ 673.58 million by 2028. It is estimated to grow at a CAGR of 13.3% from 2022 to 2028.

Clean up efforts taken up by the governments is Drive Middle East & Africa Biodegradable plastics market

Biodegradable plastic is used as an effective alternative to conventional single-use plastics. These plastics deliver similar technical characteristics and functionalities as that of conventional plastics, along with the reduction of greenhouse gas emissions. Additionally, the biodegradable plastic industry has involved in the research and development of novel materials with improved properties, which has helped the companies to enhance their production efficiency and reduce environmental footprints. The supportive government policies for biodegradable plastics have further propelled the use of these plastics. Furthermore, the government of Saudi Arabia introduced new regulatory requirement form December 2017, majorly affecting the packaging material. According to the regulations of the responsible Saudi organization (SASO), plastic products must be made of an approved oxo-biodegradable material. Such government measures have fuelled the growth of the Middle East & Africa biodegradable plastics market. The jurisdictions globally have been successful in instituting bans and fees on different types of plastics like carryout containers, bags, straws and polystyrene. Thus, such initiatives bans on the use of plastics that has resulted in an upsurge for the consumption of biodegradable plastic. The Oil spills are long-lasting environmental disasters with a wide range of impacts. The effects of oil spills can vary, ranging from minimal to serious ones, depending on the magnitude and location of the spillage. Oil can kill surface.

Middle East & Africa Biodegradable Plastics Market Overview

The Middle East & Africa region primarily includes South Africa, Saudi Arabia, and the UAE. The growth of biodegradable plastic in the region is attributed to rising awareness regarding environmental impacts and increasing government bans for use of single use plastics. For instance, the government of Saudi Arabia introduced new regulatory requirement form December 2017, majorly affecting the packaging material. According to the regulations of the responsible Saudi organization (SASO), plastic products must be made of an approved oxo-biodegradable material. In addition, the growing packaging industry in the region has further attributed the biodegradable plastic market. However, the high cost of biodegradable plastic may hamper the growth of the market in the region.

Moreover, the strategic development such as product development, mergers, and other decisions made by key players in the market is further expected to surge the growth of the market in the region. For instance, in August 2022, Symphony Environmental Technologies Plc entered into agreement with Ecobatch Plastic Factory in the UAE. The agreement was states that supply Symphony Environmental Technologies Plc will supply its biodegradable d2w masterbatch in Middles East. This technology will help reduce pollution and plastic waste and are expected to use in manufacturing of products including food packaging, shopping bags, and other plastic items.

Middle East & Africa Biodegradable Plastics Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Biodegradable Plastics Market Segmentation

The Middle East & Africa biodegradable plastics market is segmented into type, end user, and country.

Based on type, the Middle East & Africa 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 Middle East & Africa biodegradable plastics market.

Based on end-user, the Middle East & Africa 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 Middle East & Africa biodegradable plastics market.

Based on country, the Middle East & Africa biodegradable plastics market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In 2022, the Rest of Middle East & Africa segment registered a largest share in the Middle East & Africa biodegradable plastics market.

BASF SE; FKuR Kunststoff GmbH; Mitsubishi Chemical Holdings Corp; Novamont SpA; and TotalEnergies Corbion BV are the leading companies operating in the Middle East & Africa biodegradable plastics market.
1. INTRODUCTION

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

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. MIDDLE EAST & AFRICA BIODEGRADABLE PLASTICS MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Expert Opinions

5. MIDDLE EAST & AFRICA 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 – MIDDLE EAST & AFRICA MARKET ANALYSIS

6.1 Middle East & Africa Biodegradable Plastics Market Forecast and Analysis

7. MIDDLE EAST & AFRICA BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY TYPE

7.1 Overview
7.2 Middle East & Africa Biodegradable Plastics Market, By Type (2021 and 2028)
7.2.1 PLA
7.2.1.1 Overview
7.2.1.2 PLA: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.2 PHA
7.2.2.1 Overview
7.2.2.2 PHA: Middle East & Africa 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: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 PBS
7.2.4.1 Overview
7.2.4.2 PBS: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.5 PBAT
7.2.5.1 Overview
7.2.5.2 PBAT: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.6 Others
7.2.6.1 Overview
7.2.6.2 Others: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8. MIDDLE EAST & AFRICA BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY END USER

8.1 Overview
8.2 Middle East & Africa Biodegradable Plastics Market, By End User (2021 and 2028)
8.3 Packaging and Bags
8.3.1 Overview
8.3.2 Packaging and Bags: Middle East & Africa 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: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Middle East & Africa Biodegradable Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9. MIDDLE EAST & AFRICA BIODEGRADABLE PLASTICS MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 Middle East & Africa: Biodegradable Plastics Market, by Key Country
9.1.1.1 South Africa: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Biodegradable Plastics Market, by Type
9.1.1.1.2 South Africa: Biodegradable Plastics Market, by End User
9.1.1.2 Saudi Arabia: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Biodegradable Plastics Market, by Type
9.1.1.2.2 Saudi Arabia: Biodegradable Plastics Market, by End User
9.1.1.3 UAE: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Biodegradable Plastics Market, by Type
9.1.1.3.2 UAE: Biodegradable Plastics Market, by End User
9.1.1.4 Rest of Middle East & Africa: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Biodegradable Plastics Market, by Type
9.1.1.4.2 Rest of Middle East & Africa: 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 Mitsubishi Chemical Holdings Corp
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 TotalEnergies Corbion BV
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

11. APPENDIX

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

Table 1. Middle East & Africa Biodegradable Plastics Market Revenue Forecast to 2028 (US$ Mn)
Table 2. South Africa Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East & Africa Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East & Africa Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Middle East & Africa Biodegradable Plastics Market

LIST OF FIGURES

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


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