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South & Central America 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 | 87 pages | ID: S5AADECF2BD7EN
The Insight Partners

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The South & Central America biodegradable plastics market is expected to grow from US$ 475.10 million in 2022 to US$ 1,202.82 million by 2028. It is estimated to grow at a CAGR of 16.7% from 2022 to 2028.

Implementation of Biodegradable Plastics in Biomedical Applications is Drive South & Central America Biodegradable Plastics Market

The packaging industry has been witnessing a significant growth of consumer preference towards sustainable packaging and growing use of biodegradable plastics to substitute fossil-fuel-based plastics. Sustainable packaging that is also known as green packaging that uses materials and manufacturing methods for the packaging of goods has a low impact on both energy consumption and environment. Currently, conventional plastic packaging is widely used in a range of applications, such as FMCG, food & beverages, pharmaceutical, and consumer goods. This increased use of plastic in various applications is responsible for the rise in plastic pollution. Therefore, reuse and recycling of plastic and plastic products are becoming foremost important for innovation and sustainability. Furthermore, conventional plastic is expected to become more expensive in the future with diminishing raw material sources. These factors provide a huge market potential for the adoption of the biodegradable plastic-based packaging products during the forecast period. The PLA and its copolymers are used in a wide range of applications of wound management like healing dental wounds, making surgical sutures and to prevent postoperative adhesions. PLA has also been implemented in the drug delivery system owing to its encapsulation capacity, low toxicity and biocompatibility. All these factors have been estimated to provide wide opportunities for the biodegradable plastics in the coming years.

South & Central America Biodegradable Plastics Market Overview

The biodegradable plastic market in South & Central America region is segmented into Brazil, Argentina, and the Rest of South & Central America. The growth in the region is attributed to increasing government initiatives and availability of cheap raw material. For instance, the Autonomous Government of the City of Buenos Aires, through its Ministry of Environment and Public Space prohibited plastic bags in 2017 and single use plastic straws in 2019 owing to rising environmental challenges and reduce the generation of waste. In addition, rising use of biodegradable plastic in various end use industries in the region has expected to propel the market growth in coming years. Technological advances, increased greenhouse gas emissions, and a greater focus on environmental sustainability and vehicle end life management are fueling the demand for biodegradable plastic in the agriculture industry. Utilizing biodegradable plastic in agriculture has multiple benefits, such as reducing the carbon footprint being generated on the planet since biodegradable plastics have the quality of degrading more quickly and naturally. Moreover, key biodegradable plastic market players in the region are likely to expand their market share by adopting product development and innovation strategies.

South & Central America Biodegradable Plastics Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Biodegradable Plastics Market Segmentation

The South & Central America biodegradable plastics market is segmented into type, end user, and country.

Based on type, the South & Central America 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 South & Central America biodegradable plastics market.

Based on end-user, the South & Central America 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 South & Central America biodegradable plastics market.

Based on country, the South & Central America biodegradable plastics market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, the Rest of South & Central America segment registered a largest share in the South & Central America biodegradable plastics market.

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

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

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SOUTH & CENTRAL AMERICA BIODEGRADABLE PLASTICS MARKET LANDSCAPE

4.1 Market Overview
4.3 Expert Opinions

5. SOUTH & CENTRAL AMERICA 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 – SOUTH & CENTRAL AMERICA MARKET ANALYSIS

6.1 South & Central America Biodegradable Plastics Market Forecast and Analysis

7. SOUTH & CENTRAL AMERICA BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY TYPE

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

8. SOUTH & CENTRAL AMERICA BIODEGRADABLE PLASTICS MARKET ANALYSIS – BY END USER

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

9. SOUTH & CENTRAL AMERICA BIODEGRADABLE PLASTICS MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 South & Central America: Biodegradable Plastics Market, by Key Country
9.1.1.1 Brazil: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Biodegradable Plastics Market, by Type
9.1.1.1.2 Brazil: Biodegradable Plastics Market, by End User
9.1.1.2 Argentina: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Biodegradable Plastics Market, by Type
9.1.1.2.2 Argentina: Biodegradable Plastics Market, by End User
9.1.1.3 Rest of South & Central America: Biodegradable Plastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South & Central America: Biodegradable Plastics Market, by Type
9.1.1.3.2 Rest of South & Central America: 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. South & Central America Biodegradable Plastics Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Brazil Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South & Central America Biodegradable Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America Biodegradable Plastics Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, South & Central America Biodegradable Plastics Market

LIST OF FIGURES

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


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