The Global Biobased Biodegradable Plastics Market was valued at approximately USD 5.2 Billion in 2022 and is projected to reach USD 10.1 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period (2023–2028). This robust growth is propelled by stringent global regulations against single-use plastics, rising consumer demand for sustainable packaging, and significant advancements in biopolymer technologies.

As the world pivots towards a circular economy, the focus intensifies on the material innovators and chemical giants developing products that effectively balance performance with environmental responsibility. This blog profiles the Top 10 Companies in the Biobased Biodegradable Plastics Industry—a dynamic mix of established chemical leaders and specialized bio-polymer pioneers who are redefining the future of materials.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: ecovio®, ecoflex®

BASF is a global chemical leader with a strong portfolio of certified compostable and biobased plastics. Its ecovio® product line is a high-performance, biodegradable polymer widely used in organic waste bags, compostable packaging films, and agricultural mulch films, combining BASF’s expertise in chemical innovation with sustainability goals.

Sustainability Initiatives:

• ecovio® is certified compostable and contains biobased content derived from renewable raw materials.

• Active participation in global initiatives to establish and advance composting infrastructure.

• Commitment to carbon-neutral growth by 2030.

Download FREE Sample Report: Biobased Biodegradable Plastics Market – View in Detailed Research Report

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9️⃣ 2. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Bio-derived PE, Biodegradable Additives

While traditionally a petrochemical giant, Dow has been strategically expanding into bio-based alternatives. The company offers polyethylene (PE) derived from sugarcane, providing a drop-in solution with a reduced carbon footprint compared to conventional PE, and is actively developing biodegradable solutions for flexible packaging.

Sustainability Initiatives:

• Partnerships with biochemical firms to scale bio-based feedstocks.

• Commitment to enabling 100% of Dow products sold into packaging applications to be reusable or recyclable by 2035.

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8️⃣ 3. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: Mater-Bi®, Origo-Bi®

Novamont is a pioneering Italian company entirely focused on the bioeconomy. Its flagship product, Mater-Bi®, is a family of biodegradable and compostable bioplastics derived from starches, cellulose, and vegetable oils. Novamont is renowned for its integrated biorefinery model, creating value from local agricultural feedstocks.

Sustainability Initiatives:

• Full lifecycle approach, from sustainable sourcing to end-of-life compostability.

• Pioneer in developing a circular economy model for bioplastics in Europe.

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7️⃣ 4. NatureWorks LLC

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Ingeo™ PLA (Polylactic Acid)

NatureWorks is one of the world’s leading producers of polylactic acid (PLA) biopolymers, marketed under the Ingeo™ brand. Derived from renewable plant sugars, Ingeo™ is used in a vast array of applications, including compostable food service ware, flexible packaging, fibers, and 3D printing filaments.

Sustainability Initiatives:

• Offers a commercially proven, low-carbon alternative to conventional plastics.

• Continuous innovation in expanding the performance and applications of Ingeo™ biopolymers.

Download FREE Sample Report: Biobased Biodegradable Plastics Market – View in Detailed Research Report

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6️⃣ 5. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Purasorb® PLA, Luminy® PLA

Corbion is a global market leader in lactic acid, lactic acid derivatives, and a leading producer of PLA bioplastics. Its high-performance Luminy® PLA resins are designed for demanding applications, offering excellent clarity, rigidity, and compostability, making them ideal for rigid packaging and durable goods.

Sustainability Initiatives:

• Focus on creating PLA solutions with a reduced carbon footprint and enhanced end-of-life options.

• Strategic investments to expand PLA production capacity to meet growing market demand.

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5️⃣ 6. Danimer Scientific, Inc.

Headquarters: Bainbridge, Georgia, USA
Key Offering: Nodax® PHA (Polyhydroxyalkanoates)

Danimer Scientific is a leading developer and manufacturer of biodegradable plastic materials, most notably Nodax® PHA. PHA is a naturally occurring polymer produced by microorganisms that is both bio-based and biodegradable in a wide range of environments, including soil and marine water.

Sustainability Initiatives:

• Pioneering PHA production at commercial scale for applications like drinking straws, food packaging, and agricultural films.

• Focus on creating plastics that degrade effectively even in non-industrial composting conditions.

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4️⃣ 7. Mitsubishi Chemical Group Corporation

Headquarters: Tokyo, Japan
Key Offering: BioPBS™ (Polybutylene Succinate)

Mitsubishi Chemical is a major global chemical company offering BioPBS™, a compostable bioplastic. BioPBS™ is a polyester known for its flexibility, heat resistance, and biodegradability, making it suitable for films, molded products, and coatings where conventional plastics are used.

Sustainability Initiatives:

• Development of BioPBS™ using bio-succinic acid to increase biobased content.

• Active in promoting the adoption of biodegradable plastics across Asia and globally.

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3️⃣ 8. Biome Technologies plc

Headquarters: Southampton, United Kingdom
Key Offering: Bioplastics, Biodegradable Polymers

Biome Technologies is a growth-oriented, AIM-listed group focused on bioplastics and radio frequency (RF) technology. Its bioplastics division is dedicated to developing highly functional, biodegradable materials from natural sources, targeting niche applications with high environmental impact, such as tree shelters and specific packaging solutions.

Sustainability Initiatives:

• Focus on creating specialty bioplastics that address specific environmental challenges beyond mainstream packaging.

• R&D-driven approach to creating novel, high-performance biodegradable polymers.

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2️⃣ 9. FKuR Kunststoff GmbH

Headquarters: Willich, Germany
Key Offering: Bio-Flex®, Biograde®

FKuR is a German specialist in compounding and distributing bioplastics. The company offers a wide range of biodegradable and biobased plastics, including its Bio-Flex® (compostable) and Terralene® (biobased and partly biodegradable) series, catering to the film, injection molding, and extrusion coating markets.

Sustainability Initiatives:

• Provides tailored bioplastic compounds to meet specific customer and application requirements.

• Strong focus on the European market with certified compostable products.

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1️⃣ 10. Plantic Technologies Ltd.

Headquarters: Victoria, Australia
Key Offering: Starch-based Bioplastics, Barrier Materials

Plantic Technologies specializes in high-performance, bio-based and biodegradable barrier materials derived from renewable corn and tapioca starch. Its materials are known for their excellent oxygen barrier properties, making them ideal for protecting sensitive foods and extending shelf life in flexible packaging.

Sustainability Initiatives:

• Development of biodegradable packaging solutions that significantly reduce food waste.

• Focus on creating materials that are home compostable, enhancing end-of-life accessibility for consumers.

Get Full Report Here: Biobased Biodegradable Plastics Market – View in Detailed Research Report

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🌍 Outlook: The Future of Packaging and Materials Is Circular and Biobased

The biobased biodegradable plastics market is at a pivotal juncture. While consumer awareness and regulatory pressures are creating unprecedented demand, the industry is innovating rapidly to improve material performance, scalability, and end-of-life management.

📈 Key Trends Shaping the Market:

• R&D investment in next-generation feedstocks, including algae and non-food biomass, to improve sustainability and avoid competition with food supply chains.

• Growing adoption of advanced biopolymers like PHA and PBS for more durable applications, expanding beyond single-use packaging.

• Enhanced collaboration between material producers, brand owners, and waste management companies to build effective circular systems for compostable plastics.

• Increased focus on standardization and certification to ensure product claims of biodegradability and compostability are verifiable and trustworthy.

Get Full Report Here: Biobased Biodegradable Plastics Market – View in Detailed Research Report

The companies profiled are not just supplying materials—they are actively building the foundation for a waste-free, circular future.