The global biodegradable medical plastics market value reached nearly USD 4.34 billion in 2023. The industry is further expected to grow at a CAGR of 11.9% during the forecast period of 2024-2032 to reach USD 11.9 billion in 2032.
Base Year
Historical Year
Forecast Year
| Global Biodegradable Medical Plastics Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.34 |
| Market Size 2032 | USD Billion | 11.9 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 11.9% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 13.4% |
| CAGR 2024-2032 - Market by Country | Brazil | 14.6% |
| CAGR 2024-2032 - Market by Country | Canada | 13.3% |
| CAGR 2024-2032 - Market by Type | Medical Devices | 12.8% |
| Market Share by Country 2023 | Japan | 7.1% |
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The increasing demand from the healthcare industry for environmentally friendly and sustainable products has motivated suppliers to produce biodegradable medical plastics using raw materials obtained from plants, which is aiding the growth of the biodegradable medical plastics market. It is possible to reuse the waste produced during hemp processing to generate hemp-based biodegradable plastics. It is also possible to use ethanol produced from sugarcane to produce green polyethylene. To create biodegradable polycarbonate, naturally occurring sugar called thymidine is also combined with carbon dioxide. Likewise, microorganisms that feed on seaweed can be used to produce biodegradable plastics like polyhydroxyalkanoate.
With the growing environmental concern, the demand for biodegradable medical plastics has increased as consumers are aiming to curb the amount of plastic generated from the medical sector. Due to the change in customer preference towards eco-friendly products, along with the growing use of biodegradable plastics for packaging, the biodegradable medical plastics demand is growing globally. The market is also being driven by the implementation of strict laws and prohibitions against the use of plastic bags and other plastic products.
As per the biodegradable medical plastics market dynamics and trends, ARC Future Fellow A/Prof. Jin Zhang and Scientia Professor Chun Wang from UNSW Mechanical and Manufacturing Engineering have developed a partnership with ARC Laureate Fellow Professor Cyrille Boyer from UNSW Chemical Engineering for the development of biodegradable plastic packaging products for healthcare products in October 2023.
According to European Bioplastics, the global production capacities of bioplastics in 2023, totalled 2.18 million tonnes. As per the biodegradable medical plastics industry analysis, the production is almost evenly split between biodegradable and biobased/non-biodegradable types, with biodegradable bioplastics slightly leading at 52.1% and biobased/non-biodegradable accounting for 47.9%.
In the biodegradable category, PLA (Polylactic Acid) is the most significant, comprising 31.0% of the total bioplastics production, followed by PHA (Polyhydroxyalkanoates) at 4.8%, SCPC at 6.4%, PBAT (Polybutylene Adipate Terephthalate) at 4.6%, PBS (Polybutylene Succinate) at 0.9%, and CR2 at 4.2%. For the biobased/non-biodegradable bioplastics, PA (Polyamide) represents the largest share at 18.3%, followed by PE (Polyethylene) at 12.3%, and PTT (Polytrimethylene Terephthalate) at 13.5% which contributes to the growth of the biodegradable medical plastics industry. PET (Polyethylene Terephthalate) comprises 2.2% and PP (Polypropylene) at 0.5%. Another 1.1% of the production capacity is categorized as "Others".
The rising cases of health ailments is necessitating the requirement for medical equipment on a global scale. Additionally, the rising sustainability concerns about environment safety contribute to the demand for biodegradable materials in the medical sector. The United States leads the global medical equipment exports valued at USD 30.2 billion, marking it as the highest exporter globally in 2022, which can increase the biodegradable medical plastics industry revenue. Germany follows in second place, with exports worth USD 18.9 billion in 2022. The Netherlands holds the third spot, exporting medical equipment valued at USD 11.9 billion. China is the fourth-largest exporter, with its exports amounting to USD 11.2 billion. Japan rounds out the top five, with medical equipment exports totaling USD 9 billion.
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Biodegradable plastics are those that can be decomposed into the water, carbon dioxide, and biomass by the action of living organisms, generally microbes. With the rising environmental concern, the production of biodegradable plastics in the medical sector has increased and, thus, they are frequently manufactured using renewable raw materials, microorganisms, petrochemicals, or a combination of all three. The global biodegradable medical plastics industry can be segmented into applications and regions.
Based on its application, the industry is segmented into:
Looks into the regional biodegradable medical plastics industry like:
| CAGR 2024-2032 - Market by | Type |
| Medical Devices | 12.8% |
| Medical Packaging | XX% |
| Others | XX% |
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 13.4% |
| North America | 11.6% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| Brazil | 14.6% |
| Canada | 13.3% |
| China | 12.8% |
| Mexico | 12.4% |
| Australia | 9.1% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| India | XX% |
| Saudi Arabia | XX% |
| 2023 Market Share by | Country |
| Japan | 7.1% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The report presents a detailed analysis of the following key players in the global biodegradable medical plastics industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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North America accounts for a major market share owing to several businesses in the healthcare sector aiming to reduce their carbon footprint. Moreover, several market players in the region are focusing on research and development for developing sustainable solutions, which further boosts the demand of biodegradable medical plastics market.
Biodegradable Medical Plastics Market Size
Biodegradable Medical Plastics Market Growth
Biodegradable Medical Plastics Market Trends
Biodegradable Medical Plastics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global biodegradable medical plastics market attained a value of nearly USD 4.34 billion.
The market is projected to grow at a CAGR of 11.9% between 2024 and 2032.
The major drivers of the industry, such as increasing demand for environmentally friendly and sustainable products, growing environmental concern, and the implementation of strict laws and prohibitions by the government against the use of plastic bags and other plastic products, are expected to aid the market growth.
The key market trend guiding the industry growth includes the changing consumer preference towards eco-friendly products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Medical devices and medical packaging, among others, are the leading application segments of the product in the industry.
The major players in the industry are BASF SE, Corbion NV, Amcor PLC, Mondi Plc, Arkema Group, Evonik Industries AG, Koninklijke DSM N.V. and Others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.9 billion in 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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