The Global Environmentally Degradable Material Market was valued at USD 8.97 Billion in 2023 and is projected to reach USD 15.23 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period (2023–2028). This robust growth is propelled by stringent global regulations against single-use plastics, escalating consumer demand for sustainable products, and significant technological advancements in material science, particularly in the Biodegradable Material segment.

As the world intensifies its fight against plastic pollution and climate change, the focus shifts to the material innovators who are redefining product lifecycles with eco-conscious solutions. In this blog, we profile the Top 10 Companies in the Environmentally Degradable Material Industry—a dynamic mix of chemical giants, specialty bioplastics manufacturers, and technology pioneers crafting the blueprint for a circular economy.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: ecovio® (compostable plastics), ecoflex® (biodegradable polymers)

BASF is a global leader in the chemical industry and a major force in biodegradable and compostable polymers. Its ecovio® brand is a high-quality, certified compostable bioplastic used extensively in organic waste bags, flexible packaging, and agricultural films, demonstrating superior performance in industrial composting facilities.

Sustainability Initiatives:

• Commitment to carbon-neutral growth until 2030

• Expanding production capacities for compostable polymers in Asia and Europe

• Active participation in global alliances for plastic waste reduction and circular economy models

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: BIO-PBS™ (Polybutylene Succinate), DURABIO™ (bio-based engineering plastic)

Mitsubishi Chemical is a cornerstone of the Asian bioplastics market, offering a diverse portfolio of bio-based and biodegradable materials. Its BIO-PBS™ is a compostable polymer derived from renewable resources, acclaimed for its flexibility and durability in applications ranging from food packaging to agricultural mulch films.

Sustainability Initiatives:

• Integration of biomass-derived raw materials into primary product lines

• Strategic R&D investments aimed at enhancing the performance and cost-competitiveness of biodegradable plastics

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8️⃣ 3. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: PLA (Poly Lactic Acid) resins, lactide monomers

Corbion is a frontrunner in lactic acid, lactides, and biopolymers, serving as a key supplier for the global PLA market. PLA is a versatile, bio-based, and compostable plastic that serves as a sustainable alternative to conventional plastics in packaging, textiles, and consumer goods.

Sustainability Initiatives:

• Pioneering the production of high-performance, heat-resistant PLA grades

• Focus on creating fully circular solutions by enabling chemical recycling of PLA products

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7️⃣ 4. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman Cristal™ One biodegradable polyester, molecular recycling technologies

Eastman is advancing the circular economy through its innovative molecular recycling technologies, which break down plastic waste into its basic building blocks. While investing in advanced recycling, it also offers biodegradable polyesters that provide viable end-of-life options for specific applications.

Sustainability Initiatives:

• Ambitious commitment to recycling over 500 million pounds of plastic waste annually by 2030

• Development of materials designed for both durability and controlled degradability

Download FREE Sample Report: Global Environmentally Degradable Material Market – View in Detailed Research Report

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6️⃣ 5. Futerro

Headquarters: Escanaffles, Belgium
Key Offering: PLA (Poly Lactic Acid) and lactides

A joint venture between Galactic and TotalEnergies, Futerro specializes in the entire PLA value chain, from sugar sourcing to polymer production and end-of-life solutions. The company’s proprietary technology ensures efficient production of high-quality, renewable, and compostable PLA resins.

Sustainability Initiatives:

• Operates a vertically integrated biorefinery model for optimal sustainability

• Promoting a closed-loop system with dedicated PLA recycling technology (Loopla)

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5️⃣ 6. Toyobo Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: BIOILE® (PHBH – Polyhydroxyalkanoate), biodegradable films

Toyobo is a prominent Japanese chemical and textile firm with a strong focus on biodegradable polymers, particularly PHBH. Its BIOILE® product, derived from plant oils, is marine-biodegradable, making it a critical solution for reducing ocean plastic pollution in applications like packaging and disposable items.

Sustainability Initiatives:

• Leading the commercialization of marine-biodegradable polymers

• Expanding applications through partnerships with global consumer brands

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4️⃣ 7. Biome Technologies plc

Headquarters: Southampton, United Kingdom
Key Offering: Bioplastics division focusing on compostable and biodegradable polymers

Biome Technologies is a growth-oriented, AIM-listed group with a dedicated bioplastics division. The company develops advanced, soil-biodegradable materials, particularly for the agriculture sector, where traditional plastic mulch films pose a significant waste problem.

Sustainability Initiatives:

• Specialization in creating solutions for hard-to-recycle applications like agricultural films

• R&D focused on achieving biodegradability in diverse environmental conditions without leaving microplastics

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3️⃣ 8. Plantic Technologies Ltd.

Headquarters: Melbourne, Australia
Key Offering: High-barrier, starch-based biodegradable plastics

Plantic Technologies is renowned for its innovative, high-performance plastics derived from renewable corn and potato starch. These materials offer excellent barrier properties against oxygen and are fully biodegradable, making them ideal for premium food packaging, particularly for sensitive products with short shelf lives.

Sustainability Initiatives:

• Production of materials with a significantly lower carbon footprint than conventional plastics

• Focus on home-compostable certification for greater consumer convenience and reduced waste management burden

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2️⃣ 9. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: MATER-BI® (family of biodegradable and compostable bioplastics)

Novamont is a pioneer in the bioplastics sector, with its MATER-BI® product line being one of the most recognized brands globally. These bioplastics are designed to biodegrade in soil, water, and industrial composting systems, offering tailored solutions for packaging, agriculture, and disposable products.

Sustainability Initiatives:

• Integrated biorefinery model that utilizes marginal lands for raw material cultivation

• Strong advocacy for and development of integrated waste collection and composting systems

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1️⃣ 10. Danimer Scientific, Inc.

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

Danimer Scientific is a leading producer of PHA, a class of polymers that are both bio-based and biodegradable in a wide range of environments, including oceans and soil. Nodax® PHA is used to create certified compostable and marine-degradable products, positioning the company at the forefront of next-generation biodegradable materials.

Sustainability Initiatives:

• Large-scale commercial production of PHA to meet growing demand from major brands

• Focus on creating drop-in solutions that work with existing manufacturing and composting infrastructure

Get Full Report Here: Global Environmentally Degradable Material Market – View in Detailed Research Report

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🌍 Outlook: The Future of Materials Is Circular and Conscientious

The environmentally degradable material market is experiencing a paradigm shift. While conventional plastics still dominate, the industry is channeling immense investment into bio-based feedstocks, advanced polymerization techniques, and end-of-life management systems to create truly sustainable material cycles.

📈 Key Trends Shaping the Market:

• Rising adoption of biodegradable mulch films in agriculture to prevent soil pollution

• Stringent government bans on single-use plastics across the EU, North America, and parts of Asia

• Increasing consumer brand commitments to incorporate recycled and biodegradable content in packaging

• Technological breakthroughs in marine-degradable polymers to address ocean plastic crisis

Get Full Report Here: Global Environmentally Degradable Material Market – View in Detailed Research Report

The companies listed above are not just producing alternatives to conventional materials—they are engineering the foundation for a waste-free world and leading the transformation toward a truly circular economy.

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