Global Eco-Friendly Plastic Bags Market Size By Type (Starch-Based, PLA, PBS, PBAT), By Application (Packaging, Consumer Goods, Textile), By Geographic Scope And Forecast

Eco-Friendly Plastic Bags Market Size And Forecast

Eco-Friendly Plastic Bags Market size was valued at USD 2304.74 Million in 2024 and is projected to reach USD 5306.38 Million by 2031, growing at a CAGR of 12.12% from 2024 to 2031.

The rising utilization of biodegradable plastics, majorly in food packaging, is a significant driver of the market’s growth in the forecast period. Also, the government is creating awareness about biodegradable items and supporting manufacturers to deliver high-quality products. Such factors are estimated to propel the biodegradable plastics market growth in the analysis period. The Global Eco-Friendly Plastic Bags Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Eco-Friendly Plastic Bags Market Definition

This eco-friendly plastic bag is pretty cool – it's made from plants and just naturally breaks down into basic chemicals in a few weeks! You see these eco-friendly bags everywhere in packaging these days, for all sorts of things. They're made from different polymers like PE-polyethylene, PE-polystyrene, and PP-polypropylene, all tested to see how well they degrade when exposed to the environment. Loads of industries use them – food & beverage, pharmaceuticals, even agriculture and horticulture, you name it. And get thisthe market for eco-friendly bags is really taking off because governments are pushing to cut down on pollution and swap out regular plastic for these better eco-friendly options.

Eco-friendly polymers are made from both petroleum and renewable sources like corn, wheat, bamboo, and sugarcane. The cool thing is, bacteria, fungi, and other tiny organisms can break them down into simpler stuff – carbon dioxide, biomass, and water (CO2). Because of this, you'll find them everywhere! Think flexible packaging for your favorite foods, or even stronger, molded parts created with regular machines. As PHA finds more uses in medicine and beyond, the market is expected to grow. For example, in healthcare, PHA is great for things like medication encapsulation and implantable medical devices. You can even find it being researched for tissue engineering, bone marrow scaffolds, and bone plates. But it's not just for medicine; PHA is also used to create compost bags, agricultural foil and films, and various types of packaging.

Global Eco-Friendly Plastic Bags Market Overview

The rising utilization of biodegradable plastics, majorly in food packaging, is a significant driver of the market’s growth in the forecast period. This growth is mainly owing to biodegradable polyesters being the best alternative to plastics. Thus, the rise in usage of food packaging, bottles, and disposable tableware and government support for biodegradable materials with strict regulations on plastics usage to minimize environmental pollution are factors expected to enhance the market growth in the forecast time.

For example, in 2020, the German government announced a ban on single-use plastic products such as cutlery, straws, food containers, and other similar products from July 2021 to minimize plastic waste across the country. According to The German Association of Local Utility estimates, every year, there is a rise in everyday plastic items waste by 10% to 20%, which is majorly from single-use plastic products. Also, the government is creating awareness about biodegradable items and supporting manufacturers to deliver high-quality products. Such factors are estimated to propel the biodegradable plastics market growth in the analysis period.

Regular plastic bags are causing destruction and polluting the environment, as it takes around 500 years to decompose. Key players have started manufacturing biodegradable plastic carry bags; these biodegradable plastic carry bags take less time to spoil and are easy to recycle. Biodegradable plastic carry bags are easy to produce and non-toxic. Inclination in the use of biodegradable plastic carry bags is a significant factor in the global carry bag market growth.

People are increasingly worried about the environment, and that's making them choose biodegradable bags more often. You see demand for them everywhere, in pretty much every industry! Manufacturers are working hard to keep up, especially for things like medicine and food & drinks. So, as the food and beverage world gets bigger, you can bet the market for biodegradable bags will grow right along with it. Plus, there are some cool new bags made from tropical fruit skins that are pretty cheap, which should open up even more possibilities. These biodegradable plastics? They're way better for the planet than regular plastic bags because tiny microorganisms can break them down. Basically, because people are caring more about the environment, the biodegradable bag market is set to explode with a higher CAGR.

Okay, so here's the thingthe global market for biodegradable plastics might face some bumps in the road. All that fancy engineering and expensive gear needed to recycle these materials can really slow things down. Plus, biodegradable plastics often cost more than regular ones, which makes them a harder sell. We're talking about a 20-80% price difference sometimes! That's because they're still figuring out the best way to make them, so the polymerization process is pricey. Take PHA, for example. It could be used in everything from synthetic papers to medical devices and even food packaging, but right now it's costly to produce, tough to find, and doesn't yield much.

Global Eco-Friendly Plastic Bags MarketSegmentation Analysis

The Global Eco-Friendly Plastic Bags Market is segmented on the basis of Type, Application, and Geography.

Eco-Friendly Plastic Bags Market, By Application

• Packaging• Consumer Goods• Textile• Agriculture• Others

To Get Summarized Market Report By Application-

Think about itwhen it comes to Application, the market's really split into categories like Packaging, Consumer Goods, Textile, Agriculture, and, well, "Others." Turns out Packaging was the big winner in 2021, and experts predict it'll keep growing at a pretty fast clip – around 10.73% each year! Now, packaging isn't just about making things look nice. It's the stuff that holds, labels, protects, and basically sells your stuff while keeping it clean. It's more than just a pretty face! And if that packaging is made of natural stuff, it can break down naturally. But plastic? That's a different story. It can take ages to decompose, sometimes centuries, and it can release nasty chemicals in the process. Luckily, some packaging, like the kind made from sustainable paper, can even be composted!

Eco-Friendly Plastic Bags Market, By Type

• Starch-Based• PLA• PBS• PBAT• PHA• Polycaprolactone• Others

When we look at the Global Eco-Friendly Plastic Bags Market by Type, we see it's broken down into things like Starch-Based, PLA, PBS, PBAT, PHA, Polycaprolactone, and "Others." Back in 2021, the Starch Based segment was the big winner, grabbing the biggest slice of the market. And get this, they're expected to keep growing fast, maybe even at a rate of 10.66% each year! What's driving this? Well, customers are demanding more sustainable options, and biodegradable plastics help companies stay competitive. A lot of these plastics come from biomass, with starch being a favorite because it's a natural polymer that's super versatile. You can even mix starch-based plastics with petroleum-based or other biopolymers to create unique composite materials. These materials can then be used in all sorts of things and easily shaped using standard equipment. You can read more about this here.

Eco-Friendly Plastic Bags Market, By Geography

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

To Get Summarized Market Report By Geography- 

When we look at different regions, the Global Eco-Friendly Plastic Bags Market breaks down into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Right now, Europe's leading the pack, holding the biggest slice of the market. And get this – they're expected to keep growing at a rate of 10.89% each year! Europe's a major force in the international market, no doubt. Things are looking pretty good economically for the region, and that positive trend should continue. Back in 2017, the French government really stepped up its game with regulations to cut down on single-use plastic bags in stores. So, now French supermarkets can't use plastic bags thinner than 50 microns at the checkout or in the produce section (you know, those flimsy bags for your apples and peppers). Learn more here.

Key Players

The “Global Eco-Friendly Plastic Bags Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Cargill Inc., Plantic Technologies Limited, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In September 2021, to advance in the quickly expanding Spanish and Portuguese markets, BASF will work with WPO Polymers as part of its expansion strategy for its biopolymers business

• In October 2020, as part of its pioneering work on compostable packaging in Scotland, Cargill is deploying entirely biodegradable fish feed packaging in the North Sea region in partnership with Gaia Biomaterials UK

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We take a deep dive, looking at the market through both numbers and trends, breaking it down into understandable segments by looking at economic factors and more. We'll give you the market value (in USD Billion) for each area we analyze. You'll see exactly which regions and segments are poised for the biggest growth, and which ones already rule the roost. We'll explore the regional landscapes, showing you where products/services are being used and what's influencing things on the ground. We also examine the competitive scene, ranking the big players and highlighting new offerings, collaborations, expansions, and acquisitions over the last five years. Speaking of players, we provide detailed company profiles with overviews, insights, benchmarking, and SWOT analyses. Get a clear picture of where the market is headed, considering recent events, opportunities, drivers, challenges, and limitations in both established and emerging markets. To give you a complete understanding, we also analyze the market through Porter's five forces, explain the Value Chain, and discuss current market dynamics and future growth opportunities. And to top it all off, you'll get 6 months of analyst support after your purchase.

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.