Global biodegradable polymers market size stood at US$ 1.10 Bn in 2019 and is expected to reach US$ 3.45 Bn by 2027, at a CAGR of 16.24% during a forecast period.
Market Definition:Biodegradable Polymers are known as polymers that can decay under the presence or absence of oxygen in the environment, resulting in the accomplishment of microbe or enzymes.The report study has analyzed the revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Vibrant:
The packaging is a major industry driving the overall global market growth. Characteristics of biodegradable polymers include elongation at break, lightweight, tensile strength, good shape recovery, low-temperature impact, and ease of processing and low density; properties of the material used in the making of biodegradable polymers are attracting the vendors to invest in the market which will fuel the market growth and expected to generate numerous opportunity by 2027.
Biodegradable Polymers Market Segment analysis:
By type segment, the starch blends division is likely to dominate the market during the forecast year and was valued at US$ X.1 Bn in the year 2019, accounted for more than 42.11% of overall market share. The major application of biodegradable polymers has a broad range of applications in the flexible packaging and agriculture sector. Lower prices, favorable environmental conditions, and ease of accessibility have stimulated industrialists to produce starch-based biodegradable polymers that act as a substitute for conventional polymers. Starch blends are majorly used to reduce the carbon emission of conventional resins, hence boosting the market growth. Growth in the chemical industries and growing investment in the new chemical development across the region is attracting the vendors to shift their attention from conventional polymers to biobased products to build sustainable ecosystems. Starch-based polymers are bio-based as well as biodegradable plastic having low toxicity. Additionally, with growing demand, packaging industry documented as one the main consumers of starch blends owing to its ease of adaptability and increasing application in food packaging expected to enhance the market demand in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Biodegradable Polymers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
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Scope of Biodegradable Polymers Market
Global Biodegradable Polymers market, By Type
• Polybutylene Adipate Terephthalate
• Polybutylene Succinate Adipate
• Polyhydroxyalkanoates
• Polybutylene Succinate
• Starch-Based Polymer
• Polycaprolactone
• Polyglycolic Acid
• Polylactic Acid
Global Biodegradable Polymers market, By Application
• Consumer Goods
• Packaging
• Healthcare
• Agriculture
• Textile
• Other
Global Biodegradable Polymers market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Biodegradable Polymers Market,
• Mitsubishi Chemical Corporation
• Biopac India Corporation Ltd
• WestRock Company
• Georgia-Pacific
• Metabolix, Inc
• Cereplast Inc
• NatureWorks LLC
• Biome Bioplastics
• Smurfit Kappa Group
• Mondi Group
• BASF SE
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The global Biodegradable Polymers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the biodegradable polymers market include NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical (Japan), Biome Bioplastics (UK), Plantic Technologies (Australia), Bio-On (Italy), Danimer Scientific (Georgia), Novamont S.p.A (Italy), Toray Industries (Japan), Others.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Biodegradable Polymers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/biodegradable-polymers-market/download-sampleMarket DynamicsThe global biodegradable polymers market has experienced exciting growth in the past five years.
The market future is anticipated to remain healthy and lucrative in the coming years.
The key factors: bans on the production & use of plastics, rising demand for sustainable alternatives, and growing plastic pollution have collectively transformed the biodegradable polymers market outlook.
Biodegradable Polymers Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Global Biodegradable Polymers Market industry with an attention on the Global market.
These are the polymers degraded by the microorganisms with a definite period of time so that they do not cause any serious problems for the environment.
The rising demand in the packaging of food and beverage industries leads to the growth in biodegradable polymers.
Market Trends:The Awareness of Using Biodegradable Polymers for Environmental Safety Is Rising Market Drivers:The Rising Demand in Eco-Friendly Packaging Industries Leads to the Growth in Biodegradable PolymersThe Rising Demand for Biodegradable Polymers in Preparation of Cosmetics Market Challenges:Biodegradable Polymers May Produce Methane While Degrading That is 80 Times More Harmful than Carbon Dioxide Market Restraints:Manufacturing Costs Are High This research report represents a 360-degree overview of the competitive landscape of the Global Biodegradable Polymers Market.
)Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.
The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures.
According to ChemAnalyst report, “Global Biodegradable Polymers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global biodegradable polymers market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 6.55% during the forecast period.
Increasing demand in the packaging industry backed by government initiatives across several regions to promote environment friendly biodegradable polymers would drive the demand for biodegradable polymers in the forecast period.
In addition, UNICEF’s push for the economies to reach Sustainable Development Goals, aimed increasing usage of environment friendly materials by 2030 would further support the market growth in the forecast period.Get more info: https://www.chemanalyst.com/industry-report/biodegradable-polymers-market-472Biodegradable Polymers are the polymers which are degradable in nature and break down into smaller molecules with the action of agents such as microorganisms and nature.
Based on feedstock type they can be classified into Natural Biodegradable Polymers which are formed in nature and Synthetic Biodegradable Polymers which are based on petroleum.
Various Natural Biodegradable Polymers include Polylactic Acid (PLA), Polyhydroxy Butyrate (PHB), Starch based Biopolymers, Cellulose derivatives etc.
Upcoming technologies such as Biodegradable composite materials and Biobased hybrid nanocomposites having application in artificial joints, drug delivery systems etc.
