The Global biodegradable plastic bags & sacks market is forecasted to grow significantly, with a projected US$ 2,668.59 million in 2023 at a CAGR of 7.70% and expected to reach a staggering US$ 4,492.20 million by 2030.

The wide range of applications for plastics in sacks and bags, together with the inadequate disposal of these materials, will probably compound the pollution problem caused by conventional plastics derived from petroleum. Biodegradable sacks and bags are made from a variety of natural plant products, including polyhydroxyalkanoates (PHAs), polylactic acids (PLAs), and corn. They also include chemicals to aid in the breakdown process, which lessens their negative effects on the environment as a whole and on aquatic life specifically. People prefer these biodegradable bags to conventional plastic items, particularly for food packing and quickly-moving consumer goods.

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The world's traditional plastics disposal has resulted in a significant problem with non-recyclable waste that has detrimental effects on the climate. This has significantly contributed to the growth and demand for biodegradable plastic bags and sacks worldwide. Biodegradable polymers should be able to break down using purely natural processes, such composting and the assistance of microbes. This is anticipated to be among the most noteworthy features of biodegradable plastic sacks and bags, and as such, it is an important component driving the market's expansion.

Global Biodegradable Plastic Bags and Sacks Market: Regional Analysis

The market for biodegradable plastic sacks and bags is anticipated to be dominated by Europe, which is also predicted to maintain its position going forward. The prominence of this particular geographic market can be attributed to the widespread need and desire for environmentally friendly and recyclable plastic packaging for a variety of industrial uses. Moreover, the noteworthy factor driving the growth of the local market is probably the growing awareness of the pollution problem associated with the use of bags composed of traditional plastics. Europe's share of the worldwide market is expected to increase significantly in the coming years. The uptake is also expected to be aided by the fact that oxy-degradable and photodegradable polymers are in high demand and popularity in many developed nations.

Key Takeaways:

• The global biodegradable plastic bags and sacks market is expected to reach US$ 2,668.59 million in 2023 at a CAGR of 7.70% and expected to reach a staggering US$ 4,492.20 million by 2030.
• The growth of the market is driven by factors such as rising environmental concerns, increasing demand for sustainable packaging solutions, and government initiatives promoting environmentally friendly practices.
• Polylactic acid (PLA) is the most dominant type of biodegradable plastic bag and sack, accounting for over 40% of the market in 2022.
• Food packaging is the largest application segment of the market, followed by industrial packaging.
• The Asia Pacific region is expected to be the fastest-growing market during the forecast period, driven by factors such as increasing population, rising disposable income, and growing environmental concerns.

Regional Outlook:

• North America: The North American market is expected to grow at a CAGR of 2.5% from 2023 to 2030. The growth of the market is driven by factors such as increasing environmental awareness and government initiatives promoting sustainable packaging solutions.
• Europe: The European market is expected to grow at a CAGR of 3.2% from 2023 to 2030. The growth of the market is driven by factors such as strict regulations on single-use plastics and increasing consumer preference for biodegradable products.
• Asia Pacific: The Asia Pacific market is expected to grow at the fastest CAGR of 5.1% from 2023 to 2030. The growth of the market is driven by factors such as rising disposable income, increasing population, and growing environmental concerns.
• South America: The South American market is expected to grow at a CAGR of 3.5% from 2023 to 2030. The growth of the market is driven by factors such as increasing urbanization and rising disposable income.
• Middle East and Africa: The Middle East and Africa market is expected to grow at a CAGR of 2.8% from 2023 to 2030. The growth of the market is driven by factors such as increasing government initiatives promoting sustainable packaging solutions and growing consumer awareness about the environmental impact of plastic waste.

Key Players:

• BioBag
• Novolex
• EnviGreen
• BASF
• NatureWorks
• Mondi Group
• Sealed Air
• Treofan
• Novamont
• Apexflex

Segmentation:

Type:

• Polylactic acid (PLA)
• Polyhydroxyalkanoates (PHAs)
• Starch blends
• Others

Application:

• Food packaging
• Industrial packaging
• Convenient for shopping
• Garbage containing
• Others

Regional:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa