Plastic Eating Bacteria Market is Anticipated to Witness High Growth Owing to Increasing Plastic Pollution Concerns

Plastic Eating Bacteria Market

The plastic eating bacteria market comprises microbes and enzymes that can break down plastics such as polyethylene terephthalate (PET), polyurethane, and polyethylene into their building blocks so they can re-enter the recycling stream or biodegrade naturally. Plastic eating bacteria are primarily used for recycling plastic waste as well as manufacturing biodegradable plastics. They provide an environmentally-friendly solution to curb the growing plastic pollution crisis across the globe.

The Global plastic eating bacteria market is estimated to be valued at US$ 263.3 thousands in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the plastic eating bacteria market are Carbios, Pyrowave, EREMA, and Sidel Group. Carbios is a pioneer in the development of enzymatic bioprocesses to recycle PET plastic and textile waste. Pyrowave has developed a safe process to upcycle mixed plastic waste using microwaves. EREMA recycles PET bottles into food-grade recycled PET flakes and pellets. Sidel Group offers complete PET lines and solutions for liquid packaging.

The key opportunities in the plastic eating bacteria market include growing adoption in recycling applications, potential in bioplastics manufacturing, and favorable government regulations around the world to curb plastic pollution. The market players are expanding globally with new facilities across North America, Europe, and Asia Pacific to cater to the rising demand.

Market drivers and restrain

A major market driver is the increasing global plastic pollution at an alarming rate and growing concerns over its harmful environmental impacts. Tons of plastic waste ends up in landfills or oceans every year, negatively impacting ecosystems. Plastic eating bacteria can break down plastic polymers and divert plastic from landfills and oceans into reusable products. However, high setup and operational costs involved in commercializing plastic eating bacteria technology acts as a major market restraint. The pricing of plastic eating bacteria-based solutions also needs to be affordable for wide adoption.

Key Takeaways

The key opportunities in the Global Plastic Eating Bacteria Market Growth include growing adoption in recycling applications, potential in bioplastics manufacturing, and favorable government regulations around the world to curb plastic pollution.

Key players operating in the plastic eating bacteria market are Carbios, Pyrowave, EREMA, and Sidel Group. Carbios is pioneering the development of enzymatic bioprocesses to recycle PET plastic and textile waste. Pyrowave has developed a safe process to upcycle mixed plastic waste using microwaves. EREMA recycles PET bottles into food-grade recycled PET flakes and pellets. Sidel Group offers complete PET lines and solutions for liquid packaging.

The market players are expanding globally with new facilities across North America, Europe, and Asia Pacific to cater to the rising demand. Growing concerns about plastic pollution and strengthening regulations against single-use plastics are driving the demand for plastic eating bacteria technology globally.

Market drivers and restraints

A major market driver is the increasing global plastic pollution at an alarming rate and growing concerns over its harmful environmental impacts. Tons of plastic waste ends up in landfills or oceans every year, negatively impacting ecosystems. Plastic eating bacteria can break down plastic polymers and divert plastic from landfills and oceans into reusable products.

However, high setup and operational costs involved in commercializing plastic eating bacteria technology acts as a major market restraint. The pricing of plastic eating bacteria-based solutions also needs to be affordable for wide adoption. Additionally, achieving optimal processing conditions and recycling efficiency at industrial scales presents technological challenges.

Segment Analysis

The global plastic eating bacteria market can be segmented into industrial and household sub segments. The industrial sub segment is currently the most dominating one in terms of revenue share of around 60% in 2024. This is because a majority of plastic eating bacteria are currently used for industrial purposes like breaking down plastics in waste management processes and recycling plants. Household plastic eating bacteria products are also growing steadily for degradation of plastic wastes at individual levels and accounted for 40% share.

Global Analysis

Regionally, the plastic eating bacteria market in Asia Pacific is expected to witness the fastest growth during the forecast period. This is attributed to the large volumes of plastic wastes generated in countries like China, India, Japan, and South Korea. Stringent regulations regarding plastic waste recycling and disposal in these countries are also driving the demand. North America is also considered a major market with the US contributing significantly to the revenues. Presence of leading players and growing concerns over plastic pollution are supporting the market growth. Europe, being at the forefront of waste management practices, holds over 25% share currently in the global market.

Get More Insights on Plastic Eating Bacteria Market

/