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Fossil-based Biodegradable Plastic Market, Global Outlook and Forecast 2025-2032

Global fossil-based biodegradable plastic market size was valued at USD 1,723 million in 2024 and is projected to reach USD 3,459 million by 2032, exhibiting a CAGR of 11.0% during the forecast period.

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Fossil-based Biodegradable Plastic Market, Global Outlook and Forecast 2025-2032

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  1. www.24chemicalresearch.com Latest Research Report : Fossil-based Biodegradable Plastic Market, Global Outlook and Forecast 2025-2032 Comprehensive insight into regional dynamics, growth drivers, and market segmentation.

  2. MARKET OVERVIEW: Fossil-based biodegradable plastics are synthetic polymers derived from petroleum or natural gas feedstock, engineered to degrade naturally through microbial action. Unlike conventional plastics, these materials break down into water, carbon dioxide, and biomass under specific environmental conditions, offering a transitional solution to plastic pollution while maintaining petrochemical origins. Major product variants include polybutylene adipate terephthalate (PBAT), polycaprolactone (PCL), and polyglycolic acid (PGA), which demonstrate varying degradation rates and mechanical properties.

  3. CAGR 2024 Click Here for More Detailed Report 2032 MARKET INSIGHT & GROWTH DRIVERS: 11.0% USD 1,723 million USD 3,459 million The market expansion is driven by stringent global regulations on single-use plastics and growing consumer demand for sustainable packaging alternatives.

  4. 02 03 MARKET SEGMENTATION: 01 BY APPLICATION By End user BY TYPE Packaging Food & Beverage Petroleum-based

  5. MARKET DYNAMICS Stringent Government Regulations on Single-use Plastics Accelerate Market Adoption Global governments are implementing rigorous policies to curb conventional plastic pollution, creating substantial demand for biodegradable alternatives. Over 60 countries have enacted complete or partial bans on single-use plastics as of 2024, pushing industries toward compliant materials. Fossil-based biodegradable plastics serve as practical transitional solutions because they leverage existing petrochemical infrastructure while meeting biodegradability requirements.

  6. MARKET OPPORTUNITIES Emerging depolymerization techniques enable true closed-loop recycling of fossil-based biodegradable plastics, addressing end-of-life concerns. Pilot projects demonstrate 92-95% monomer recovery rates for PBS through glycolysis processes, creating potential secondary raw material streams. Major chemical companies have committed $780 million toward commercial-scale recycling plants by 2026, which could reduce virgin material demand by 30% in packaging applications. COMPANY MISSION Petroleum-based biodegradable plastics are expected to grow at 9.5% annually through 2032, driven by superior performance characteristics like higher tensile strength and thermal stability compared to bio-based alternatives. Companies like BASF and Mitsubishi Chemical are developing advanced formulations of polybutylene adipate terephthalate (PBAT) and polyvinyl alcohol (PVA) that maintain durability while accelerating degradation under industrial composting conditions.

  7. North America The North American market is characterized by strong regulatory pressures and consumer demand for sustainable alternatives to conventional plastics. The U.S., which dominates regional consumption, is witnessing accelerated adoption due to policies like extended producer responsibility (EPR) frameworks and state-level bans on single-use plastics. Europe Europe stands at the forefront of the fossil-based biodegradable plastics market, driven by stringent EU directives like the Single-Use Plastics Ban and circular economy action plans. Germany and France account for over 45% of regional demand, with packaging and agriculture being key application areas. REGIONAL MARKET OUTLOOK

  8. DOWNLOAD FREE SAMPLE PDF BROCHURE COMPETITIVE LANDSCAPE • SK Chemicals (South Korea) • Daicel Corporation (Japan) • Sinopec (China) • Kingfa Technology (China) • Teleflex Incorporated (U.S.) These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

  9. www.24chemicalresearch.com About Us Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently. As a one-stop platform for the chemical sector, we offer: • Deep specialization in chemical market analysis • Customized reports tailored to your needs • A robust portal with free samples, consulting, and competitive insights

  10. www.24chemicalresearch.com Contact Us: help@24chemicalresearch.com USA & International: +1 332 2424 294 Asia (India): +91 9169162030 Follow Us:

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