Biodegradable Plastic Global Market and Trend
Biodegradable plastics are a class of plastics that are caused to degrade by the action of naturally occurring microorganisms such as bacteria, molds (fungi) and algae. The ideal biodegradable plastic is a polymer material with excellent use properties, which can be completely decomposed by environmental microorganisms after disposal and eventually be inorganized to become a component of the carbon cycle in nature. PLA and PBAT are the most important biodegradable materials. PLA accounts for 25% of the global production capacity of the biodegradable plastic and PBAT accounts for 18% market share.
The global biodegradable plastics market size was USD 1.05 billion in 2017, growing to USD 1.64 billion in 2022, with a CAGR of 9.3% from 2017 to 2022. The global biodegradable plastics market size is expected to be USD 2.75 billion in 2027, with a CAGR of 10.9% from 2022 to 2027.
Figure 2017-2027 Global Biodegradable Plastic Market Size (Billion USD) and CAGR


