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

The eco-friendly plastic bag is composed of plant-based material that naturally breaks down within a few weeks into the base chemicals. Around the world, Eco-friendly bags are used extensively in the packaging sector for a variety of purposes. Eco-friendly bags are constructed from various polymers, including PE-polyethylene, PE-polystyrene, and PP-polypropylene, which are tested for their ability to break down in the open air. Different sectors use these Eco-friendly bags (like the food and beverage sector, pharmaceuticals, agriculture, horticulture, etc.). The market for Eco-friendly bags is expanding due to various governments’ initiatives to reduce the overall percentage of polluting waste products and replace plastic with other Eco-friendly bags.

Petroleum and renewable raw materials including corn, wheat, bamboo, and sugarcane are used to make Eco-friendly polymers. They are broken down by bacteria, fungi, and other microorganisms into carbon dioxide, biomass, and water (CO2). They are therefore utilized in various applications, from flexible packaging for different food products to extruded and injection molded in conventional machines. The market for PHA is anticipated to increase as a result of the growing use of PHA in medical and other applications. PHA is primarily employed in healthcare applications, including medication encapsulation and implantable medical devices. Other medical applications include tissue engineering, bone marrow scaffolds, and bone plates. In addition to being utilized in medicine, PHA is used to make compost bags, agricultural foil and films, and 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.

Furthermore, the rising environmental concern forces consumers to shift their preferences towards biodegradable bags. The demand for these bags has now reached all industries worldwide. All the manufacturers are fulfilling the pharmaceutical and food & beverage demand. Thus, expanding the food and beverages industry will promote the growth of the biodegradable bag market shortly. New biodegradable bags made of tropical fruits’ skin available at a low price are expected to create opportunities for the market. Biodegradable plastics, with the help of microorganisms breaking and dissolving them in an environment, are less harmful to the surroundings than traditional plastic bags. Therefore, growth in environmental-concern among consumers can create new opportunities for the market to grow with a higher CAGR.

However, the complex engineering system and costly equipment needed for the processing and recycling process might hamper the growth of the global market. Higher prices of biodegradable plastics than conventional polymers hinder the market’s growth in various application segments. Usually, the manufacturing cost of biodegradable plastics is 20-80% more than that of traditional plastics. This is attributed to the high polymerization cost of such plastics as the product is in the developing stage and therefore has not achieved economic viability. For instance, biodegradable plastic such as PHA has numerous applications in synthetic papers, binders, medical devices, food packaging, electronic parts, and agriculture with high production costs, limited availability, and low yields.

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-

Based on Application, the market is bifurcated into Packaging, Consumer Goods, Textile, Agriculture, and Others. The Packaging segment accounted for the largest market share in 2021 and is projected to grow at a CAGR of 10.73% during the forecast period. Packaging is the term used to describe the wrapping material used to contain, identify, characterize, protect, display, and otherwise market and maintain clean a consumer product. Packaging is more than just a lovely face for the goods. The packaging will be biodegradable if it is composed of natural materials. Plastic is difficult to biodegrade; it can take hundreds or even thousands of years to decompose, releasing dangerous compounds along the way. Some environmentally friendly packaging, such as those made of sustainable paper, may even be compostable.

Eco-Friendly Plastic Bags Market, By Type

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

Based on Type, the Global Eco-Friendly Plastic Bags Market has been segmented into Starch-Based, PLA, PBS, PBAT, PHA, Polycaprolactone, and Others. In 2021, the Starch Based segment accounted for the largest market share and is projected to grow at the highest CAGR of 10.66% during the forecast period. With increased customer demands for sustainability, biodegradable plastics help manufacturing enterprises maintain their competitiveness. They are frequently made from different biomass sources, with starch being the most popular because it is a natural polymer that can be used in a variety of materials. Since starch-based plastics can be combined with different petroleum- or biopolymer-based polymers to form distinctive composite materials, they can be employed in a wide range of applications. Afterward, these composite materials can be extruded or molded using regular processing equipment.

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- 

Based on Regional Analysis, the Global Eco-Friendly Plastic Bags Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe accounted for the largest market share and is projected to grow at a CAGR of 10.89% during the forecast period. Europe is one of the largest players in the international market. The overall momentum in the global economy remains steady for the Europe region and this global upswing is expected to continue in the forthcoming years. The French government kept enforcing stringent regulations intended to control the use of single-use plastic bags in retail establishments in 2017. It is now against the law for French supermarkets to use plastic bags less than 50 microns thick at the register or in the loose food department, where thin bags are offered for fruit, vegetables, and other products.

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

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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