The Global Fossil-based Biodegradable Plastic Market was valued at USD 1.72 Billion in 2024 and is projected to reach USD 3.46 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period (2024-2032). This rapid expansion is driven by stringent plastic waste regulations, corporate sustainability goals, and shifting consumer preferences toward eco-friendly packaging solutions across food service, retail, and healthcare sectors.
As the world seeks alternatives to conventional plastics, fossil-based biodegradable polymers are emerging as a transitional solution that combines petrochemical performance with environmental responsibility. This analysis examines the Top 10 Companies in the Fossil-based Biodegradable Plastic Industry—innovators developing materials that maintain plastic functionality while enabling responsible end-of-life decomposition.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Ecovio® (PBAT-based compounds)
The German chemical giant leads the market with its Ecovio range, blending PBAT (polybutylene adipate terephthalate) with renewable components to create certified compostable materials that maintain mechanical properties of conventional plastics.
Sustainability Initiatives:
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Certified for industrial and home composting
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Closed-loop recycling infrastructure across Europe
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50% sustainable solutions target for 2025 portfolio
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9️⃣ 2. Mitsubishi Chemical Corporation
Headquarters: Tokyo, Japan
Key Offering: BioPBS™ (polybutylene succinate)
Mitsubishi Chemical’s PBS technology demonstrates exceptional biodegradability across multiple environments while maintaining processability for thin-film applications—critical for flexible packaging solutions.
Sustainability Initiatives:
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Global capacity expansion in PBS production
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Development of marine-degradable formulations
8️⃣ 3. Novamont S.p.A.
Headquarters: Novara, Italy
Key Offering: Mater-Bi® (starch-PBS/PBAT)
The Italian bioplastics pioneer combines plant-based starches with biodegradable polyesters to create versatile materials for both rigid and flexible packaging applications.
Sustainability Initiatives:
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Integrated biorefinery approach to production
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Municipal compost system partnerships
7️⃣ 4. SK Chemicals
Headquarters: Seoul, South Korea
Key Offering: Ecozen® (PBS/PBAT blends)
As Asia’s fastest-growing biodegradable plastic producer, SK Chemicals supplies high-performance materials to packaging converters serving global FMCG brands.
Sustainability Initiatives:
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Carbon-neutral production roadmaps
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Strategic partnerships with global brands
Download FREE Sample Report: Fossil-based Biodegradable Plastic Market – View in Detailed Research Report
6️⃣ 5. Kingfa Science & Technology
Headquarters: Guangzhou, China
Key Offering: PBAT/PBS/PLA compounds
China’s largest biodegradable plastic manufacturer produces engineered resin blends that meet international compostability standards while complying with domestic single-use plastic regulations.
Sustainability Initiatives:
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180,000+ ton annual production capacity
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Technology partnerships with European firms
5️⃣ 6. Sinopec Corporation
Headquarters: Beijing, China
Key Offering: PBAT resins
The Chinese petrochemical leader leverages its existing PTA production infrastructure to manufacture cost-effective PBAT materials at scale to meet national plastic reduction mandates.
Sustainability Initiatives:
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Mass production scale-up for domestic market
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Integrated feedstock supply chain
4️⃣ 7. Daicel Corporation
Headquarters: Osaka, Japan
Key Offering: Celgreen® PBS polymers
Daicel specializes in high-performance PBS formulations with enhanced thermal stability and marine biodegradability—critical for applications where plastic leakage is a concern.
Sustainability Initiatives:
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Marine biodegradability certifications
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Optically clear film development
3️⃣ 8. Evonik Industries
Headquarters: Essen, Germany
Key Offering: Vestamid® Terra (biodegradable polyamides)
Evonik’s specialty polyamides bridge the gap between technical performance and environmental responsibility, serving demanding applications in agriculture and medical sectors.
Sustainability Initiatives:
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Product lifecycle management systems
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Chemical recycling partnerships
2️⃣ 9. Kureha Corporation
Headquarters: Tokyo, Japan
Key Offering: Kuredux® PBS
Kureha’s unique PBS polymers combine mechanical properties comparable to polyolefins with certified biodegradability—ideal for rigid packaging applications.
Sustainability Initiatives:
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Performance-enhanced polymer alloys
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Medical and specialty packaging focus
1️⃣ 10. Corbion N.V.
Headquarters: Amsterdam, Netherlands
Key Offering: PLA compatibility solutions
While focused on biobased PLA, Corbion develops crucial compatibility solutions that enhance the performance of petroleum-based biodegradable polymer blends.
Sustainability Initiatives:
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Integrated lactic acid production
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Joint polymer development programs
Get Full Report Here: Fossil-based Biodegradable Plastic Market – View in Detailed Research Report
🌍 Outlook: The Evolution of Fossil-based Biodegradable Plastics
The biodegradable plastic industry stands at a critical juncture, with petrochemical-derived biodegradable materials playing a transitional role until bio-based alternatives achieve full commercial viability and performance parity.
📈 Key Market Developments:
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Implementation of extended producer responsibility (EPR) schemes globally
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Standardization of biodegradation certification protocols
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Advancements in polymer blending technologies
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Chemical recycling infrastructure development
The profiled companies represent the vanguard of this evolving sector—developing material solutions that balance performance, cost, and environmental impact during a critical transition period for global plastics.
Get Full Report Here: Fossil-based Biodegradable Plastic Market – View in Detailed Research Report
