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Compostable Plastics-Global Market Insights and Sales Trends 2024
Synopsis
The global Compostable Plastics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Compostable Plastics in various end use industries. The expanding demands from the Packaging, Consumer Goods, Agriculture & Horticulture and Textiles, are propelling Compostable Plastics market. Polylactic Acid (PLA), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyhydroxy Fatty Acid (PHA) segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Compostable Plastics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Compostable Plastics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Compostable Plastics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Compostable Plastics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Compostable Plastics covered in this report include Evonik, BASF, Natureworks, Total-Corbion, Novamont, Biome Bioplastics, Toray Industries, Mitsubishi Chemical Corporation and Plantic Technologies, etc.
The global Compostable Plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Evonik
BASF
Natureworks
Total-Corbion
Novamont
Biome Bioplastics
Toray Industries
Mitsubishi Chemical Corporation
Plantic Technologies
Danimer Scientific
TIPA
Global Compostable Plastics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Compostable Plastics market, Segment by Type:
Polylactic Acid (PLA)
Polyhydroxy Fatty Acid (PHA)
Thermoplastic (Complex) Starch
Polybutylene Succinate (PBS)
Others
Global Compostable Plastics market, by Application
Packaging
Consumer Goods
Agriculture & Horticulture
Textiles
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Compostable Plastics manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Compostable Plastics in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Compostable Plastics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Compostable Plastics in various end use industries. The expanding demands from the Packaging, Consumer Goods, Agriculture & Horticulture and Textiles, are propelling Compostable Plastics market. Polylactic Acid (PLA), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyhydroxy Fatty Acid (PHA) segment is estimated at % CAGR for the next seven-year period.
According to the 2022 Statistical Yearbook of the United Nations Agricultural and Food Organization, there are about 866 million people work in agriculture, accounting for more than a quarter of the world's total labor force and creating $3.6 trillion in added value. According to data, North America was the region with the most fertilizer use in the world in 2021, accounting for 32.6% of the global fertilizer market size. From the perspective of demand, the proportion of micro-fertilizers used in many European countries has reached 45-60%, and the proportion of use in the United States was as high as 60-70%. According to our “Agriculture Research Center”, the global fertilizer consumption was nearly 200 million tons in 2022. According to the National Bureau of Statistics, the total output value of China's fertilizer manufacturing industry in 2021 was 618.572 billion yuan, with a year-on-year increase of 5.05%. Global fertilizer consumption in 2021 increased by nearly 12 million tons, which compared to 2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Compostable Plastics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Compostable Plastics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Compostable Plastics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Compostable Plastics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Compostable Plastics covered in this report include Evonik, BASF, Natureworks, Total-Corbion, Novamont, Biome Bioplastics, Toray Industries, Mitsubishi Chemical Corporation and Plantic Technologies, etc.
The global Compostable Plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Evonik
BASF
Natureworks
Total-Corbion
Novamont
Biome Bioplastics
Toray Industries
Mitsubishi Chemical Corporation
Plantic Technologies
Danimer Scientific
TIPA
Global Compostable Plastics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Compostable Plastics market, Segment by Type:
Polylactic Acid (PLA)
Polyhydroxy Fatty Acid (PHA)
Thermoplastic (Complex) Starch
Polybutylene Succinate (PBS)
Others
Global Compostable Plastics market, by Application
Packaging
Consumer Goods
Agriculture & Horticulture
Textiles
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Compostable Plastics manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Compostable Plastics in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Compostable Plastics Market Overview
1.1 Compostable Plastics Product Overview
1.2 Compostable Plastics Market Segment by Type
1.2.1 Polylactic Acid (PLA)
1.2.2 Polyhydroxy Fatty Acid (PHA)
1.2.3 Thermoplastic (Complex) Starch
1.2.4 Polybutylene Succinate (PBS)
1.2.5 Others
1.3 Global Compostable Plastics Market Size by Type
1.3.1 Global Compostable Plastics Market Size Overview by Type (2018-2029)
1.3.2 Global Compostable Plastics Historic Market Size Review by Type (2018-2023)
1.3.3 Global Compostable Plastics Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Compostable Plastics Sales Breakdown by Type (2018-2023)
1.4.2 Europe Compostable Plastics Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Compostable Plastics Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Compostable Plastics Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Compostable Plastics Sales Breakdown by Type (2018-2023)
2 Global Compostable Plastics Market Competition by Company
2.1 Global Top Players by Compostable Plastics Sales (2018-2023)
2.2 Global Top Players by Compostable Plastics Revenue (2018-2023)
2.3 Global Top Players by Compostable Plastics Price (2018-2023)
2.4 Global Top Manufacturers Compostable Plastics Manufacturing Base Distribution, Sales Area, Product Type
2.5 Compostable Plastics Market Competitive Situation and Trends
2.5.1 Compostable Plastics Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Compostable Plastics Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Compostable Plastics as of 2022)
2.7 Date of Key Manufacturers Enter into Compostable Plastics Market
2.8 Key Manufacturers Compostable Plastics Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Compostable Plastics Status and Outlook by Region
3.1 Global Compostable Plastics Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Compostable Plastics Historic Market Size by Region
3.2.1 Global Compostable Plastics Sales in Volume by Region (2018-2023)
3.2.2 Global Compostable Plastics Sales in Value by Region (2018-2023)
3.2.3 Global Compostable Plastics Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Compostable Plastics Forecasted Market Size by Region
3.3.1 Global Compostable Plastics Sales in Volume by Region (2024-2029)
3.3.2 Global Compostable Plastics Sales in Value by Region (2024-2029)
3.3.3 Global Compostable Plastics Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Compostable Plastics by Application
4.1 Compostable Plastics Market Segment by Application
4.1.1 Packaging
4.1.2 Consumer Goods
4.1.3 Agriculture & Horticulture
4.1.4 Textiles
4.1.5 Others
4.2 Global Compostable Plastics Market Size by Application
4.2.1 Global Compostable Plastics Market Size Overview by Application (2018-2029)
4.2.2 Global Compostable Plastics Historic Market Size Review by Application (2018-2023)
4.2.3 Global Compostable Plastics Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Compostable Plastics Sales Breakdown by Application (2018-2023)
4.3.2 Europe Compostable Plastics Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Compostable Plastics Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Compostable Plastics Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Compostable Plastics Sales Breakdown by Application (2018-2023)
5 North America Compostable Plastics by Country
5.1 North America Compostable Plastics Historic Market Size by Country
5.1.1 North America Compostable Plastics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Compostable Plastics Sales in Volume by Country (2018-2023)
5.1.3 North America Compostable Plastics Sales in Value by Country (2018-2023)
5.2 North America Compostable Plastics Forecasted Market Size by Country
5.2.1 North America Compostable Plastics Sales in Volume by Country (2024-2029)
5.2.2 North America Compostable Plastics Sales in Value by Country (2024-2029)
6 Europe Compostable Plastics by Country
6.1 Europe Compostable Plastics Historic Market Size by Country
6.1.1 Europe Compostable Plastics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Compostable Plastics Sales in Volume by Country (2018-2023)
6.1.3 Europe Compostable Plastics Sales in Value by Country (2018-2023)
6.2 Europe Compostable Plastics Forecasted Market Size by Country
6.2.1 Europe Compostable Plastics Sales in Volume by Country (2024-2029)
6.2.2 Europe Compostable Plastics Sales in Value by Country (2024-2029)
7 Asia-Pacific Compostable Plastics by Region
7.1 Asia-Pacific Compostable Plastics Historic Market Size by Region
7.1.1 Asia-Pacific Compostable Plastics Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Compostable Plastics Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Compostable Plastics Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Compostable Plastics Forecasted Market Size by Region
7.2.1 Asia-Pacific Compostable Plastics Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Compostable Plastics Sales in Value by Region (2024-2029)
8 Latin America Compostable Plastics by Country
8.1 Latin America Compostable Plastics Historic Market Size by Country
8.1.1 Latin America Compostable Plastics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Compostable Plastics Sales in Volume by Country (2018-2023)
8.1.3 Latin America Compostable Plastics Sales in Value by Country (2018-2023)
8.2 Latin America Compostable Plastics Forecasted Market Size by Country
8.2.1 Latin America Compostable Plastics Sales in Volume by Country (2024-2029)
8.2.2 Latin America Compostable Plastics Sales in Value by Country (2024-2029)
9 Middle East and Africa Compostable Plastics by Country
9.1 Middle East and Africa Compostable Plastics Historic Market Size by Country
9.1.1 Middle East and Africa Compostable Plastics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Compostable Plastics Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Compostable Plastics Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Compostable Plastics Forecasted Market Size by Country
9.2.1 Middle East and Africa Compostable Plastics Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Compostable Plastics Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Evonik
10.1.1 Evonik Company Information
10.1.2 Evonik Introduction and Business Overview
10.1.3 Evonik Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Evonik Compostable Plastics Products Offered
10.1.5 Evonik Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Compostable Plastics Products Offered
10.2.5 BASF Recent Development
10.3 Natureworks
10.3.1 Natureworks Company Information
10.3.2 Natureworks Introduction and Business Overview
10.3.3 Natureworks Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Natureworks Compostable Plastics Products Offered
10.3.5 Natureworks Recent Development
10.4 Total-Corbion
10.4.1 Total-Corbion Company Information
10.4.2 Total-Corbion Introduction and Business Overview
10.4.3 Total-Corbion Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Total-Corbion Compostable Plastics Products Offered
10.4.5 Total-Corbion Recent Development
10.5 Novamont
10.5.1 Novamont Company Information
10.5.2 Novamont Introduction and Business Overview
10.5.3 Novamont Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Novamont Compostable Plastics Products Offered
10.5.5 Novamont Recent Development
10.6 Biome Bioplastics
10.6.1 Biome Bioplastics Company Information
10.6.2 Biome Bioplastics Introduction and Business Overview
10.6.3 Biome Bioplastics Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Biome Bioplastics Compostable Plastics Products Offered
10.6.5 Biome Bioplastics Recent Development
10.7 Toray Industries
10.7.1 Toray Industries Company Information
10.7.2 Toray Industries Introduction and Business Overview
10.7.3 Toray Industries Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toray Industries Compostable Plastics Products Offered
10.7.5 Toray Industries Recent Development
10.8 Mitsubishi Chemical Corporation
10.8.1 Mitsubishi Chemical Corporation Company Information
10.8.2 Mitsubishi Chemical Corporation Introduction and Business Overview
10.8.3 Mitsubishi Chemical Corporation Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mitsubishi Chemical Corporation Compostable Plastics Products Offered
10.8.5 Mitsubishi Chemical Corporation Recent Development
10.9 Plantic Technologies
10.9.1 Plantic Technologies Company Information
10.9.2 Plantic Technologies Introduction and Business Overview
10.9.3 Plantic Technologies Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Plantic Technologies Compostable Plastics Products Offered
10.9.5 Plantic Technologies Recent Development
10.10 Danimer Scientific
10.10.1 Danimer Scientific Company Information
10.10.2 Danimer Scientific Introduction and Business Overview
10.10.3 Danimer Scientific Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Danimer Scientific Compostable Plastics Products Offered
10.10.5 Danimer Scientific Recent Development
10.11 TIPA
10.11.1 TIPA Company Information
10.11.2 TIPA Introduction and Business Overview
10.11.3 TIPA Compostable Plastics Sales, Revenue and Gross Margin (2018-2023)
10.11.4 TIPA Compostable Plastics Products Offered
10.11.5 TIPA Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Compostable Plastics Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Compostable Plastics Industrial Chain Analysis
11.4 Compostable Plastics Market Dynamics
11.4.1 Compostable Plastics Industry Trends
11.4.2 Compostable Plastics Market Drivers
11.4.3 Compostable Plastics Market Challenges
11.4.4 Compostable Plastics Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Compostable Plastics Distributors
12.3 Compostable Plastics Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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