Biodegradable Polymer Market
Biodegradable Polymer Market Size, Share & Trends Analysis Report by Product (Polylactic Acid, Starch-based Plastic, Polyhydroxy Alkenoates, Biodegradable Polyesters, and Other), and by End-Use (Agriculture, Consumer Goods , Packaging, Healthcare, and Other) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Biodegradable polymer market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. The growing demand for biodegradable plastics from several end-use industries, growing stringent regulatory provisions, and the rising concerns about the environment impact of non degradable polymers are primary factors driving the market growth. Additionally, the increasing consumer awareness for eco-friendly polymer solutions coupled with the rising efforts to reduce the use of conventional plastics are some other factors anticipated to drive the market growth. However, higher prices of biodegradable polymers compared to conventional polymers are hindering the market's growth in various application segments. Usually, the manufacturing cost of biodegradable polymers is 20-80% more than that of traditional polymer and therefore has not achieved economic viability.
Moreover, the increasing waste piles and landfills have emerged as major environmental concern and has lead to numerous harmful effects on the flora and fauna of the ecosystem. As a result players and others stackholders are coming up with alternative biodegradable solutions. For instance, in July 2021, Defence Research and Development Organisation (DRDO), in collaboration with Acharya Nagarjuna University and Ecolastic Private Ltd., launched environmentally safe packaging products made from natural and plant-based food-grade materials. The bioplastic cling film, which is compatible with most packaging machines, is designed to be used for the packaging of fresh produce, for large-scale retail trade and large and medium-sized packaging centres. With the aim of reducing single-use plastic.
Segmental Outlook
The global biodegradable polymer market is segmented based on the product and end-user. Based on the product, the market is segmented into polylactic acid, starch-based plastic, polyhydroxy alkenoates, biodegradable polyesters, and other (cellulose derivatives). Based on the end-user, the market is sub-segmented into the agriculture, consumer goods, packaging, healthcare, and other. Among the product, the biodegradable polyesters sub-segment is anticipated to hold a considerable share of the market across the globe.
Among the end-use, the packaging sub-segment is anticipated to hold a prominent share in the global biodegradable polymers market during the forecast period. The growing application of biodegradable plastics for packaging due to strict rules and regulations by the government is a primary factor driving the market growth of the Biodegradable polymer for application in packaging.
Regional Outlooks
The global biodegradable polymer market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).
Global Biodegradable Polymer Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global Biodegradable Polymer Market
The Asia-Pacific region is anticipated to hold a prominent share of the biodegradable polymer market during forecast period. The factors such as large population, growing industrilisation, and growing manufacturing and packaging industries are anticipated to drive the demand for biodegardable polymer in the region. Additionally, the strict rules and regulation related to non-biodegradble polymers are anticipated to drive the market growth in the region. For instance, in June 2022, Ministry of Environment, Forest and Climate Change notified that government will ban identified single use plastic items across the country from 1 July.
Market Players Outlook
The major companies serving the global Biodegradable Polymer market include Novamont S.p. A., BASF SE, Rodenburg Polymers, Total Corbion PLA bv, Plantic Technologies and Others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2022, Toray Industries, Inc. developed a nylon 510 (N510) fiber that incorporates 100% ‘biobased synthetic polymer content’. Ecodear N510, will be the first 100% plant-based nylon fiber in Toray’s Ecodear lineup. Further, the company plans to begin Ecodear N510 textiles sales for fall/winter 2023. Initial production volume to be 200,000 M by the end of March 2023 and growing to 600,000 M in March 2026.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biodegradable polymer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BASF SE
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Bewisynbra Group
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Biotage AB
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Mitsubishi Chemical Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Toray Industries Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Biodegradable Polymer Market by Product
4.1.1. Polylactic Acid
4.1.2. Starch-based Plastics
4.1.3. Polyhydroxy Alkenoates
4.1.4. Biodegradable Polyesters
4.1.5. Other (Cellulose Derivatives)
4.2. Global Biodegradable Polymer Market by End-Use
4.2.1. Agriculture
4.2.2. Consumer Goods
4.2.3. Packaging
4.2.4. Healthcare
4.2.5. Other
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Biologische Naturverpackungen Gmgh & Co. Kg (Biotec)
6.2. Biome Bioplastics Ltd.
6.3. Danimer Scientific
6.4. Fkur Kunststoff GmbH
6.5. Futerro Sa
6.6. Galactic Sa
6.7. Huhtamaki Group
6.8. Mitsubishi Chemical
6.9. Natureworks LLC
6.10. Novamont S.p. A.
6.11. Plantic Technologies Ltd.
6.12. Rodenburg Biopolymers B.V.
6.13. Teijin Ltd.
6.14. Tianan Biologic Material Co. Ltd.
6.15. Tianjin Greenbio Materials Co. Ltd.
6.16. Total Corbion Pla Bv
6.17. Toyobo Co. Ltd.
6.18. Zhejiang Hisun Biomaterials Co. Ltd.
1. GLOBAL BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL BIODEGRADABLE POLYLACTIC ACID POLYMER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL BIODEGRADABLE STARCH-BASED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL BIODEGRADABLE POLYHYDROXY ALKENOATES POLYMER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL BIODEGRADABLE POLYESTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL BIODEGRADABLE OTHERS POLYMER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
8. GLOBAL BIODEGRADABLE POLYMER FOR AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL BIODEGRADABLE POLYMER FOR CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL BIODEGRADABLE POLYMER FOR PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL BIODEGRADABLE POLYMER FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL BIODEGRADABLE POLYMER FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
16. NORTH AMERICAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
17. EUROPEAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. EUROPEAN BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
25. REST OF THE WORLD BIODEGRADABLE POLYMER MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. GLOBAL BIODEGRADABLE POLYMER MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
2. GLOBAL BIODEGRADABLE POLYLACTIC ACID POLYMER MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL BIODEGRADABLE STARCH-BASED PLASTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL BIODEGRADABLE POLYHYDROXY ALKENOATES POLYMER MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL BIODEGRADABLE POLYESTERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL OTHER BIODEGRADABLE POLYMER MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL BIODEGRADABLE POLYMER MARKET SHARE BY END-USE, 2021 VS 2028 (%)
8. GLOBAL BIODEGRADABLE POLYMER FOR AGRICULTURE MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
9. GLOBAL BIODEGRADABLE POLYMER FOR CONSUMER GOODS MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
10. GLOBAL BIODEGRADABLE POLYMER FOR PACKAGING MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
11. GLOBAL BIODEGRADABLE POLYMER FOR HEALTHCARE MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
12. GLOBAL BIODEGRADABLE POLYMER FOR OTHER MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
13. GLOBAL BIODEGRADABLE POLYMER MARKET SHARE ANALYSIS BY REGION, 2021 VS 2028 (%)
14. US BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
16. UK BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD BIODEGRADABLE POLYMER MARKET SIZE, 2021-2028 ($ MILLION)
