Biodegradable Polymers – A Global Market Overview

September 2024 | 287 pages | ID: BE844BAC1D20EN
Industry Experts

Abstracts

Biodegradable Polymers Market Trends and Outlook

Biodegradable Polymers, as against their fossil fuel-derived counterparts, form a specialized class of polymers that get degraded into simpler molecules, such as carbon dioxide, water, nitrogen, etc., under aerobic or anaerobic environment via microorganic or enzymatic actions. The decomposition of these polymers follows the processes of enzymatic hydrolysis and oxidation. Apart from being found in nature, Biodegradable Polymers can also be synthetically produced, the major constituents of which comprise ester, amide and ether functional groups. The structure of these polymers establishes their properties and mechanism of breakdown. Encompassing several types and numerous applications, the most common methods of synthesizing Biodegradable Polymers include condensation reactions, ring opening polymerization and metal catalysts.

The global market for Biodegradable Polymers is estimated at US$7.4 billion in 2024 and is poised to post a very strong CAGR of 22.1% during the 2024-2030 analysis period in reaching a projected US$24.4 billion by 2030.

The worldwide Biodegradable Polymers demand is expected to register a strong growth over the analysis period owing to several reasons, including growing number of end-applications, evident benefits of these materials, packaging industry forming the cornerstone of the market, growth in demand from food packaging applications, greater traction in textile industry, increasing healthcare applications and growing agriculture applications.

Biodegradable Polymers Regional Market Analysis

By region, Europe represents the primary global market for Biodegradable Polymers, with North America following closely in terms of percentage share. Both these are highly advanced regions where the population recognizes the detrimental effects of environmental degradation and are striving to overcome this issue by various means, of which Biodegradable Polymers forms a significant component. As a result of this awareness also growing in Asia-Pacific, the region is likely to register the fastest growth in demand for Biodegradable Polymers worldwide. China, with its massive population base, will be the fastest growing market for these materials in Asia-Pacific, due to ecological factors that are promoting the use of eco-friendly alternatives, such as Biodegradable Polymers.

Biodegradable Polymers Market Analysis by Product Type

The major types of Biodegradable Polymers include Starch-Based Polymers, Polylactic Acid (PLA), Polyhydroxylkanoates (PHA), Biodegradable Polyesters [incl. Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polybutylene Adipate Terephthalate (PBAT) & Polycaprolactone (PCL)] and Cellulose Derivatives. Among these, Starch-Based Polymers account for the largest share, as they are derived from renewable plant sources, such as corn and potatoes, which are easily available, inexpensive and biodegradable. Polylactic Acid (PLA)-based biopolymers are also much in demand, since they are made using fermented plant sugars, such as corn starch, adding to their versatility and wide range of application areas, making them the fastest growing Biodegradable Polymer type.

Biodegradable Polymers Market Analysis by Application Area

Biodegradable Polymers are widely utilized in Agriculture & Horticulture, Consumer Goods, Healthcare, Packaging and Textiles, among others. Packaging corners the largest share of the global market for Biodegradable Polymers, since these are ideal alternatives to regular plastic packaging materials, which are a major source of environmental pollution. Another prominent application for Biodegradable Polymers includes Agriculture & Horticulture, where these are used as mulch films, in controlling soil erosion and packaging of crops. Consumer Goods encompass Biodegradable Polymer-based products, such as disposable cutlery, food containers and shopping bags, which appeal to the aware public, making it the fastest growing application for these materials. Healthcare applications of Biodegradable Polymers include medical devices, drug delivery systems and surgical implants, which are highly beneficial for patients.

Biodegradable Polymers Report Scope

This global report on Biodegradable Polymers analyzes the market based on type and application area. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.

Key Metrics

Historical Period: 2021-2023

Base Year: 2023

Forecast Period: 2024-2030

Units: Value market in US$

Companies Mentioned: 50+

Biodegradable Polymers Market by Geographic Region

• North America (The United States, Canada and Mexico)
• Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• South America (Argentina, Brazil and Rest of South America)
• Rest of World (Middle East & Africa)

Biodegradable Polymers Market by Type

• Biodegradable Polyesters
• Cellulose Derivatives
• Polyhydroxylkanoates (PHA)
• Polylactic Acid (PLA)
• Starch-Based Polymers

Biodegradable Polymers Market by Application Area

o Agriculture & Horticulture

o Consumer Goods

o Healthcare

o Packaging

o Textiles

Contents

PART A: GLOBAL MARKET PERSPECTIVE

1. INTRODUCTION
Product Outline
Biodegradable Polymers Defined
Biodegradable Polymers Market by Type
Biodegradable Polyesters
Cellulose Derivatives
Polyhydroxylkanoates (PHA)
Polylactic Acid (PLA)
Starch-Based Polymers
Biodegradable Polymers Market by Application Area
Agriculture & Horticulture
Consumer Goods
Healthcare
Packaging
Textiles
2. Key Market Trends
Agrana
Akro-Plastic GmbH
Arkema SA
Avantium NV
Avient Corp
BASF SE
BEWI
Biome Technologies PLC
Biomer Biopolyesters
Bio-On
BIOTEC Biologische Naturverpackungen GmbH & Co. KG
Borealis Group
Braskem SA
Carbiolice
Cardia Bioplastics
Cereplast
Changshu
CJ Chieljedang Corp
Corbion NV
Danimer Scientific
DIC Corp
Dow, Inc.
DuPont De Nemours Inc.
Eastman Chemical Co
Evonik Industries AG
FKuR Kunstsoff GmbH
Futamura Chemical Co Ltd
Futerro SA
Georgia-Pacific LLC
Greedn Dot Bioplastics
Hiusan Biosciences
Hosg?r Plastik
Ingevity
Japan Corn Starch Co Ltd
Jiangmen Xinshuo New Materials Co Ltd
Kaneka Corp
Kingfa Science & Technology Co Ltd
Koninklijke DSM NV
Merck KGaA
Mitsubishi Chemical Group Corp
Mondi
NatureWorks LLC
NaturTec
Novamont SpA
Plantic Technologies Ltd.
PTT MCC Biochem
Rodenburg Biopolymers
Smurfit Kappa
Solutions 4 Plastic
Solvay SA
Synbra Technologies
Tate & Lyle
Teijin Ltd
Tianan Biologic Materials
Toray Industries Inc.
Total Corbion PLA
Toyobo Co. Ltd.
Trinseo
Westrock Co
Yield 10 Bioscience, Inc.
Zhejiang Hisun Biomaterials
3. Key Global Players
4. Key Business & Product Trends
5. Global Market Overview Global Market Overview
Global Biodegradable Polymers Market Overview by Type
Biodegradable Polymers Type Market Overview by Global Region
Biodegradable Polyesters
Cellulose Derivatives
Polyhydroxylkanoates (PHA)
Polylactic Acid (PLA)
Starch-Based Polymers
Global Biodegradable Polymers Market Overview by Application Area
Biodegradable Polymers Application Area Market Overview by Global Region
Agriculture & Horticulture
Consumer Goods
Healthcare
Packaging
Textiles

PART B: REGIONAL MARKET PERSPECTIVE

Global Biodegradable Polymers Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
6. North America
North American Biodegradable Polymers Market Overview by Geographic Region
North American Biodegradable Polymers Market Overview by Type
North American Biodegradable Polymers Market Overview by Application Area
Country-wise Analysis of North American Biodegradable Polymers Market
The United States
United States Biodegradable Polymers Market Overview by Type
United States Biodegradable Polymers Market Overview by Application Area
Canada
Canadian Biodegradable Polymers Market Overview by Type
Canadian Biodegradable Polymers Market Overview by Application Area
Mexico
Mexican Biodegradable Polymers Market Overview by Type
Mexican Biodegradable Polymers Market Overview by Application Area
7. Europe
European Biodegradable Polymers Market Overview by Geographic Region
European Biodegradable Polymers Market Overview by Type
European Biodegradable Polymers Market Overview by Application Area
Country-wise Analysis of European Biodegradable Polymers Market
France
French Biodegradable Polymers Market Overview by Type
French Biodegradable Polymers Market Overview by Application Area
Germany
German Biodegradable Polymers Market Overview by Type
German Biodegradable Polymers Market Overview by Application Area
Italy
Italian Biodegradable Polymers Market Overview by Type
Italian Biodegradable Polymers Market Overview by Application Area
Russia
Russian Biodegradable Polymers Market Overview by Type
Russian Biodegradable Polymers Market Overview by Application Area
Spain
Spanish Biodegradable Polymers Market Overview by Type
Spanish Biodegradable Polymers Market Overview by Application Area
The United Kingdom
United Kingdom Biodegradable Polymers Market Overview by Type
United Kingdom Biodegradable Polymers Market Overview by Application Area
Rest of Europe
Rest of Europe Biodegradable Polymers Market Overview by Type
Rest of Europe Biodegradable Polymers Market Overview by Application Area
8. Asia-Pacific
Asia-Pacific Biodegradable Polymers Market Overview by Geographic Region
Asia-Pacific Biodegradable Polymers Market Overview by Type
Asia-Pacific Biodegradable Polymers Market Overview by Application Area
Country-wise Analysis of Asia-Pacific Biodegradable Polymers Market
China
Chinese Biodegradable Polymers Market Overview by Type
Chinese Biodegradable Polymers Market Overview by Application Area
India
Indian Biodegradable Polymers Market Overview by Type
Indian Biodegradable Polymers Market Overview by Application Area
Japan
Japanese Biodegradable Polymers Market Overview by Type
Japanese Biodegradable Polymers Market Overview by Application Area
South Korea
South Korean Biodegradable Polymers Market Overview by Type
South Korean Biodegradable Polymers Market Overview by Application Area
Rest of Asia-Pacific
Rest of Asia-Pacific Biodegradable Polymers Market Overview by Type
Rest of Asia-Pacific Biodegradable Polymers Market Overview by Application Area
9. South America
South American Biodegradable Polymers Market Overview by Geographic Region
South American Biodegradable Polymers Market Overview by Type
South American Biodegradable Polymers Market Overview by Application Area
Country-wise Analysis of Asia-Pacific Biodegradable Polymers Market
Argentina
Argentine Biodegradable Polymers Market Overview by Type
Argentine Biodegradable Polymers Market Overview by Application Area
Brazil
Brazilian Biodegradable Polymers Market Overview by Type
Brazilian Biodegradable Polymers Market Overview by Application Area
Rest of South America
Rest of South American Biodegradable Polymers Market Overview by Type
Rest of South American Biodegradable Polymers Market Overview by Application Area
Middle East & Africa
Middle East & Africa Biodegradable Polymers Market Overview by Type
Middle East & Africa Biodegradable Polymers Market Overview by Application Area

PART C: GUIDE TO THE INDUSTRY

PART D: ANNEXURE

RESEARCH METHODOLOGY
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