Global Biodegradable Polymer Market to Grow at 20% CAGR Through 2030, Driven by Sustainability and Regulatory Reforms
The global biodegradable polymer market is projected to grow at a robust 20% CAGR from 2023 to 2030, driven by increasing environmental awareness, strict regulations on single-use plastics, and innovations in bioplastics. Europe leads the market with extensive regulatory support and investments, followed by rapid growth in North America and Asia-Pacific. Key segments include polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers, primarily used in packaging, healthcare, and agriculture.
The biodegradable polymer market is undergoing significant expansion worldwide, propelled by growing environmental consciousness, circular economy policies, and innovation in bioplastics. DataM Intelligence reports a forecasted compound annual growth rate (CAGR) of approximately 20% during 2023–2030. Biodegradable polymers decompose into harmless byproducts such as carbon dioxide, nitrogen, biomass, and water through biological processes, mitigating landfill volume and environmental impact. Europe dominates geographically due to stringent regulations, sustainable investment, and innovation hubs, with North America and Asia-Pacific following closely owing to consumer demand and government bans on plastic waste imports. Polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers are the largest and fastest-growing segments, favored for their biocompatibility and applications in packaging, biomedical fields, smart electronics, and agriculture. The market also faces challenges including higher costs and mechanical limitations of some bio-based polymers but sees emerging opportunities in healthcare and advanced enzymatic degradation technologies. Major companies are expanding production capabilities and forming strategic partnerships to address these evolving market needs. Overall, biodegradable polymers are set to play a crucial role in advancing eco-friendly materials and circular economy models globally through 2030 and beyond.
