Renub Research's latest report, "United States Biodegradable Plastics Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" the United States Biodegradable Plastics Market is estimated to reach US$ 2.18 billion by 2028. In today's modern world, plastics are a crucial component in providing high-quality products and protecting them in various market segments worldwide. However, the United States bioplastics industry is an innovative and young sector that offers immense potential for a circular bio-economy that is low-carbon and utilizes resources more efficiently.
With bioplastics alternatives available for almost every conventional plastics material and corresponding application, the industry offers an eco-friendly and sustainable solution. Bioplastics, which are either bio-based, biodegradable, or both, offer similar properties to conventional plastics and provide additional benefits such as reduced carbon footprint, better functionalities, and organic recycling options. These plastics are becoming increasingly popular as they have enormous economic and ecological potential for a low-carbon, circular bio-economy that efficiently uses resources.
In the United States, despite having only 4% of the world's population, the country produces 12% of the world's municipal solid waste and generates about 106.2 kg of plastic waste per person annually. To reduce plastic waste and promote recycling technologies and standards, the US Plastic Waste Reduction and Recycling Act aims to establish national and global standards. Ongoing research into microplastics may lead to more stringent regulations for US-based packaging companies.
The United States bioplastics industry is rapidly expanding, and the government recognizes its potential to accelerate the transition to a circular economy that decouples economic growth from environmental impact. USA Bioplastics, the association that represents the bioplastics industry's interests, is collaborating with relevant stakeholders and institutions to create a conducive policy and economic environment that fosters the growth of the United States bioplastics industry.
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Starch Blends currently dominate the US Biodegradable Packaging Market
The Starch blends demand for United States biodegradable packaging materials is expected to grow due to less expensive. Starch blends, a type of biodegradable plastic, are produced by combining starch with other biodegradable materials, like polylactic acid (PLA) or polyhydroxyalkanoates (PHAs). These blends are highly favoured in the market as they offer good performance properties, are relatively inexpensive, and can biodegrade in various environments. They have diverse applications, including food packaging, bags, and cutlery.
While PLA and PHAs, two other biodegradable plastics, are gaining popularity in the US market due to their unique features, like transparency and flexibility, they are more expensive than starch blends, which could limit their use in specific applications. The demand for biodegradable packaging materials is set to rise in the US as companies and consumers become more environmentally conscious regarding the impact of conventional plastics packaging.
The Market for Biodegradable products, particularly in the Packaging Segment, is expected to continue to grow in the Coming Years
The packaging segment holds the highest proportion of biodegradable products in the United States, primarily because various industries including food and beverage, healthcare, and consumer goods have shown a growing interest in sustainable packaging solutions. United States Biodegradable packaging materials like starch blends, PLA, and PHAs are becoming more popular because they offer an eco-friendly alternative to conventional plastics packaging. The demand for biodegradable products is increasing in the US, driven by growing consumer and business awareness about the environmental impact of plastics waste. As a result, the United States biodegradable products market, especially in the packaging segment, is expected to grow in the future.
Apart from the United States Biodegradable packaging industry, other sectors such as agriculture, textile, and construction are also incorporating biodegradable materials into their products. For instance, biodegradable mulch films are being used in agriculture to reduce plastics waste and improve soil health. Similarly, biodegradable fabrics are being used in the textile industry to manufacture sustainable clothing and accessories.
Companies Insight:
Key Companies are pouring hefty funds into research & development to introduce novel biodegradable plastic products, which are strong and readily degradable in the natural environment. United States Biodegradable Market key players are BASF AG, Dow Chemicals, DuPoint, Eastman Chemical Company, Green Dot Bioplastics, Novamont, Toray Industries and Westrock.
Market Summary:
By Material Type:- The United States Biodegradable Market report covers Material type in 6 viewpoints (Starch Based, PLA( PolylacticAcid,), PHA (Polyhdroxyalcanotes), PBS (Polybutylene succinate), PBAT (Polybutyleneadipate terephthalate) and Others.)
By Application Type:- Report covers the United States Biodegradable Market by Material type in 4 viewpoints( Packaging, Consumer Goods, Agriculture, and Others)
United States Biodegradable Companies Covered in the report: BASF AG, Dow Chemicals, DuPoint, Eastman Chemical Company, Green Dot Bioplastics, Novamont, Toray Industries and Westrock.
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