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Biodegradable Plastic Additives Market

Market Leader - Biodegradable Plastic Additives Market

In terms of value, the biodegradable plastic additives market is estimated to grow from USD 1.49 billion in 2024 to USD 2.20 billion by 2029, at a CAGR of 8.1%. Biodegradable plastic additives market has grown as the biodegradability standards in single-use plastics has increased, integration with bioplastics growth, and focus on food safety and non-toxicity. These factors drive the biodegradable plastic additives market. Also, the biodegradable plastic additives manufacturers have opportunity from customization for high-performance applications, and government incentives and subsidies. Along with the drivers and opportunities, limited feedstock availability and competition are the major restraint for the market growth.

The key players profiled in the report include Cargill Inc. (US), DIC Corporation (Japan), ADEKA Corporation (Japan), Croda International Plc (UK), Stora Enso (Finland), UPM-Kymmene OYJ (Finland), Clariant AG (Switzerland), Borregaard AS (Norway), Corbion N.V. (Netherlands), Avient Corporation (US), and others. Players in the biodegradable plastic additives market are adopting both organic and inorganic growth strategies to grow their regional and global presence within the market. These major players are continuously developing new products to serve to their customer requirements. They are also violently acquiring other small companies to increase their market share within the global biodegradable plastic additives market. In response to the growing demand for biodegradable plastic additives in various end-use industry, market participants are primarily emphasizing research and development efforts.

To know about the assumptions considered for the study download the pdf brochure

Cargill Inc. is a leading global producer of industrial, agricultural, and food products that places a high priority on innovation and sustainability. The business serves a variety of industries, including bio-based materials and food processing. The company offers its products and services through, agriculture, animal nutrition, beauty, bioindustrial, food services, food & beverage, industrial, pharmaceutical, meat & poultry, risk management, supplements, and transportation.  Its expanding range of biodegradable plastic additives, which improve the functionality of bioplastics, demonstrates its dedication to sustainability. The increased demand for eco-friendly responsible solutions in the plastics sector is met by these additives, which increase flexibility, durability, and environmental compatibility. Cargill Inc. creates renewable and bio-based materials that lessen dependency on fossil fuels.  In December 2021, Cargill Inc. has announced an agreement with Croda International Plc to acquire its performance technologies and industrial chemicals business. The investment would dramatically expand Cargill Inc.’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solutions.

DIC Corporation, is a prominent player in the world processes and materials, including packaging, automotive and electronics. The company operates through three business segments, namely, packaging & graphic, color & display, and functional products. In addition, DIC Corporation is active in environmentally friendly materials by formulating, for example, additives that render plastics biodegradable. Such additives increase elasticity, strength and processability of the polymers, while enhancing their ability to be environmentally friendly. Combining R& D and knowledge of polymers and resins with available partners from industries, DIC responds to the increasing need for sustainable solutions. Thus, through innovation and environmental conservation, DIC also helps to lower plastic pollution and carbon footprints, upholding the tenets of a circular economy and a clean environment.

Related Reports:

Biodegradable Plastic Additives Market by Chemistry Type (Bio-based Aromatic, Bio-based Non-aromatic), Type (Bio-based Plasticizers, Bio-based Stabilizers, Bio-based Flame Retardants), End-use Industry, and Region - Global Forecast to 2029

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Biodegradable Plastic Additives Market Size,  Share & Growth Report
Report Code
CH 9275
RI Published ON
1/15/2025
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