The global demand for bioplastics is estimated to be over 2 million tons in 2017. Currently, biodegradable bioplastics account for around 45% of the global bioplastics market. Major biodegradable plastics include polylactic acid (PLA), polyhydroxyalkanoates (PHA s), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), Polycaprolactone (PCL), regenerated cellulose and starch blends. Plastics which are bio-based but are non-biodegradable include polyethylene terephthalate (PET), Polyamide (PA) and Polyethylene (PE). Bio-based polyethylene furanoate and polypropylene is yet to made commercially available and is anticipated to be available in early 2020 s.
Packaging application dominate the biodegradable plastic market with starch blends are being majorly consumed. Other major applications of biodegradable plastics include consumer goods, automotive, building & construction, textile, agricultural and electrical & electronics. The increase in the use of biodegradable plastics is driven by the increasing demand for environment friendly and sustainable products by consumers. Awareness of the environment and the need to reduce fossil fuel dependency has driven the biodegradable plastic market. The global biodegradable plastics demand is forecast to grow at a CAGR of 3-4% during 2018-2025.