Press Release

Compostable Plastics Market to be Dominated by Organic Amendments Segment Through 2027

Rising awareness about the side-effect of conventional plastic and the ongoing government initiatives are expected to drive the demand for Global Compostable Plastics Market in the forecast period, 2023-2027.

According to TechSci Research report, Compostable Plastics Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, The global compostable plastics market is anticipated to increase significantly in the forecast period, 2023-2027. Rising awareness about the side-effect of conventional plastic and the ongoing government initiatives are the primary factor that is going to affect the market share of the compostable plastic market positively. According to the WHO report, more than one million tons of traditional plastic are drained into the seas every year, affecting the sea creature's life, and then the same goes for human beings. Thus, all operation based on traditional plastic is now shifting to compostable plastic due to its natural biodegradability. Hence, this shift is going to impact the compostable market growth in the projected period directly. Cost is playing key restraint in the market because of its dependence on petroleum; its price is volatile and production on a small scale. As a result, the cost of compostable plastic is more than traditional plastic.

But Government initiatives to emphasize the use of eco-friendly plastic are driving the large market volume and revenue towards the compostable plastics market. As the government is creating favorable conditions for the compostable plastic market, a different sector where packaging is required is opting for these products. Packaging is necessary to store safely in almost every industry, like pharmaceutical, logistics, FMGC, infrastructure, agriculture, and other sectors. Thus, the abovementioned reasons are going to drive the growth and directly impact the Global Compostable Plastics market growth. In the United States, approximately 37 million plastic tons are used annually. Packaging and food-service plastics signify about 16 million tons, and these are characteristically "single use." On average, Americans consume 100 pounds per person, per year, of packaging and food-service plastics. The demand is high, and the government is working to stop the public's single plastic use at large. Thus, this shift will drive the market share of compostable plastic in the projected time. 

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Compostable Plastics Market"

The global compostable plastics market is segmented based on compostable plastic type, and end user type

Based on the compostable plastic type, the market is divided into PLA, starch blends, PHA, PBAT, and others. The PBAT, Segment is expected to hold the largest market share in 2022. The flexibility and resilience of PBAT allow it to produce solid and rigid products. PBAT is an ideal polymer product as it melds with other polymers. Due to its versatility in nature, this product is more demanded in place of traditional plastic. Thus, it accounts most significant market share in its segment.

Based on the end-user industry type, the market is divided into Packaging, Consumer Goods, Textiles, and Others. As per estimates, the packaging segment is going to experience the highest market share during the forecast period. In the packaging industry, almost 54.5% of plastics are used for packaging. As people’s lifestyles change, awareness about biodegradable waste is increasing. Due to high durability and protection from water encourage, many industries for cosmetics and personal care packaging, food packaging, pharmaceutical product packaging, and shopping bag. 


Major operating companies operating in global compostable plastics market are:

  • BASF SE
  • Novamont S.p.A.
  • Corbion N.V.
  • Biome Technologies plc
  • Total Corbion PLA
  • Dow Chemical Company
  • Natureworks LLC
  • Eastman Chemical Company
  • Danimer Scientific, Inc.
  • Mitsubishi Chemical America, Inc


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"The Asia- Pacific region is expected to dominate the global compostable plastic market in the coming years due to its growing economy and rapidly rising population. Growing knowledge about the side-effect of conventional plastic and the ongoing government initiatives to stop single-use plastic will drive an impressive compostable plastic market share in the projected period. Growing health issues and peoples' awareness about non-degradable plastics led to the demand for better compostable alternatives. Around one million to four hundred thousand people, directly and indirectly, die every year because of the mismanagement of plastic and waste. The government is conscious of the health care situation and executes policies & initiatives to stop using non-biodegradables.

In the projected period, demand for the packaging segment is expected to increase in end-user type in the projected year. R&D practices, diverse use of the product, a good environment for marketing, and effort by marketers are expected to impact market growth and create favorable conditions to propel the Global Compostable Plastics market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


Global Compostable Plastics Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 By Compostable Plastics Type (PLA, Starch Blends, PHA, PBAT, and Others), By End User Industry (Packaging, Consumer Goods, Textiles, and Others), By Company, By Region, Competition Forecast and Opportunities, 2027", has evaluated the future growth potential of Global Compostable Plastics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Compostable Plastics market.

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Compostable Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Compostable Plastics Type (PLA, Starch Blends, PHA, PBAT, and Others), By End User Industry (Packaging, Consumer Goods, Textiles, and Others), By Company, By Region

Chemicals | Sep, 2022

Rising awareness about the side-effect of conventional plastic and the ongoing government initiatives are expected to drive the demand for Global Compostable Plastics Market in the forecast period, 2023-2027.

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