Report overview
Plastic that is compostable is biodegradable, but not every plastic that is biodegradable is compostable. Whereas biodegradable plastic may be engineered to biodegrade in soil or water, compostable plastic refers to biodegradation into soil conditioning material (i.e., compost) under a certain set of conditions.
This report contains market size and forecasts of Petroleum-Based Compostable Plastics in global, including the following market information:
Global Petroleum-Based Compostable Plastics Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Petroleum-Based Compostable Plastics Market Sales, 2018-2023, 2023-2030, (Tons)
Global top five Petroleum-Based Compostable Plastics companies in 2022 (%)
The global Petroleum-Based Compostable Plastics market was valued at US$ million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
PBS Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Petroleum-Based Compostable Plastics include BASF, Novamont, Mitsubishi Chemical, Kingfa, Yifan Xinfu Pharmaceutical, Anqing Hexing, SJBRT Chemical, Hengli and Jinhuizhaolong, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Petroleum-Based Compostable Plastics manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Petroleum-Based Compostable Plastics Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Petroleum-Based Compostable Plastics Market Segment Percentages, by Type, 2022 (%)
PBS
PBAT
PGA
Other
Global Petroleum-Based Compostable Plastics Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Petroleum-Based Compostable Plastics Market Segment Percentages, by Application, 2022 (%)
Disposable Packaging
Disposable Tableware
Agricultural Film
Other
Global Petroleum-Based Compostable Plastics Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Petroleum-Based Compostable Plastics Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Petroleum-Based Compostable Plastics revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Petroleum-Based Compostable Plastics revenues share in global market, 2022 (%)
Key companies Petroleum-Based Compostable Plastics sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Petroleum-Based Compostable Plastics sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF
Novamont
Mitsubishi Chemical
Kingfa
Yifan Xinfu Pharmaceutical
Anqing Hexing
SJBRT Chemical
Hengli
Jinhuizhaolong
Sinopec
Mogao
