Global Biodegradable Polymer Market, By Type (Polylactic Acid (PLA), Starch, Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Others), Substrate (Paper and Paperboard, Cellulose Films, Others), Application (Rigid Packaging, Flexible Packaging, Liquid Packaging, Others), End User (Packaging, Consumer Goods, Textile, Agriculture and Horticulture) – Industry Trends and Forecast to 2029.
Biodegradable Polymer Market Analysis and Size
Biodegradable polymers have many applications in numerous industries such as textiles, consumer goods, packaging, agriculture, and horticulture. Biodegradable polymers are beneficial over the non-biodegradable polymers because they have lesser side effects, are less toxic, maintain stabilization of the drug and help improve patient compliance. The biodegradable polymers are progressively finding uses in niche application such as in hygiene products, shale gas industry, and in fishing gears, among other applications these are anticipated to act as an opportunity for the market during forecast period of 2022-2029.
Data Bridge Market Research analyses that the biodegradable polymer market is expected to undergo a CAGR of 8.44% during the forecast period. This indicates that the market value, which was USD 792.62 million in 2021, would rocket up to USD 1,515.59 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Biodegradable Polymer Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Polylactic Acid (PLA), Starch, Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Others), Substrate (Paper and Paperboard, Cellulose Films, Others), Application (Rigid Packaging, Flexible Packaging, Liquid Packaging, Others), End User (Packaging, Consumer Goods, Textile, Agriculture and Horticulture)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Cereplast (U.S.), NatureWorks LLC, (U.S.), Smurfit Kappa (Ireland), Mondi (U.K.), Westrock company (U.S.), Georgia-Pacific (U.S.), Hosgör Plastik (Turkey), Evonik Industries (Germany), Mitsubishi Gas Chemical Company Inc,(Japan), Bio-On.it (Italy), Toyobo Co. Ltd. (Japan), TEIJIN limited (U.S.), Avient Corporation (U.S.), Tate & Lyle (U.K.), Hiusan Biosciences (U.S.), Kaneka Corporation (Japan), BEWI (Norway), Green Dot Bioplastic (U.S.), Solvay (Belgium), Trinseo (U.S.), Yield10 Bioscience, Inc.(U.S.), Solutions 4 Plastic (U.K.), DuPont (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Biodegradable polymers are a different class of polymer which breaks down after its anticipated purpose by the bacterial decomposition process to result in natural derivatives such as biomass, gases (CO2, N2), water, and inorganic salts These polymers are found both synthetically and naturally made, and largely consist of amide, ester, and ether functional groups. These polymers get decomposed under anaerobic or aerobic conditions in the presence of microorganisms/enzymes.
Biodegradable Polymer Market Dynamics
Drivers
- Growing demand in the packaging Sector.
Biodegradable polymers are widely used in liquid, rigid and flexible packaging applications. These polymers are used for wrapping premium branded products and organic food with particular requirements. Biodegradability is a major property of food packaging of consumable food items. Due to all these factors, the demand of the biodegradable polymers are expected to increases during forecast period.
- Increase in the number of government initiatives
The biodegradable polymer market is anticipated to rise due to increasing the number of government initiatives to spread the awareness regarding consumer globally. With the increase in government activities the biodegradable polymer market is being pushed by upsurge demand for biodegradable polymer based products from end-user industries for instance malls, retail establishments, hotels, restaurants, and others
- Upsurge the demand due to environmental concern
The use of biodegradable polymer such as bio based plastic have many potential aids for balancing the effect of greenhouse gases on the environment over the entire life cycles and also increase the use of renewable rather than finite resources. These factors are anticipated the use of biodegradable polymer which will contribute to drop in the environmental impact.
Opportunities
- Rise in the number of emerging market
The demand for the biodegradable polymers are anticipated mostly from the emerging markets which are expected to witness the fastest growth of biodegradable market due to rising infrastructure activities and favourable bio based product political framework.
Also, the rising pharmaceuticals packaging industry will also further increase the growth of the biodegradable polymer market. Furthermore, Technological advancement in sales and distribution activities coupled with innovative production processes is expected to expand the biodegradable polymer market growth overall the globe in upcoming years.
Restraints/Challenges
- High cost and Lack of sufficient technology
The high prices and Lack of sufficient technology are the major challenging factors which are projected to hamper the growth of the biodegradable market. The changing mind-set of consumer associated with high prices than conventional products is likely to be a major factor which has faced by end user companies and are anticipated to restrain growth of the biodegradable market to some extent.
This biodegradable polymer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biodegradable polymer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Biodegradable Polymer Market
Several industries have been negatively affected during the Covid-19 pandemic overall the globe. This outbreak has disrupted manufacturing chain and supply-chain operations because of several lockdowns, as well as other restriction which the government imposed around the world. This same applies to the global biodegradable polymer market. Moreover, consumer demand has also subsequently decline s which is removing non-essential products from their respective budgets but augmented the demand for the online commerce. However, as respective government authorities start to lift these d lockdowns, the biodegradable polymer market is expected to recover accordingly.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In April 2021, NatureWorks has declared a new strategic partnership with IMA Coffee, This company is a market leader in coffee packaging and handling processing. This partnership goals at growing the market reach for high-performing compostable K-cup in North America.
- In February 2020, Fabbri Group (Italy) and BASF created a joint venture to develop an ecological solution for cling film which is used in fresh-food packaging. The film will be used in seafood, wrapping meat, and fresh fruits and vegetables. It will be made by the BASF's Ecovio with Fabbri group bioplastic and will increase the demand for biodegradable plastics in packaging applications.
Global Biodegradable polymer Market Scope
The biodegradable polymer market is segmented on the basis of type, substrate, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polylactic Acid (PLA)
- Starch
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoates (PHA)
- Others
Substrate
- Paper and Paperboard
- Cellulose Films
- Others
Application
- Rigid Packaging
- Flexible Packaging
- Liquid Packaging
- Others
End User
- Packaging
- Rigid Packaging
- Flexible Packaging
- Consumer Goods
- Electrical Appliances
- Domestic Appliances
- Others
- Textiles
- Medical and Healthcare Textile
- Personal care, clothes and other textiles
- Agriculture and Horticulture
- Tapes & Mulch Films
- Others
Biodegradable Polymer Market Regional Analysis/Insights
The biodegradable polymer market is analysed and market size insights and trends are provided by country, type, substrate, application and end user as referenced above.
The countries covered in the biodegradable polymer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the biodegradable polymer market during the forecast period 2022-2029 due to technological advancements and government initiatives in this region.
Asia-Pacific will continue to project the highest compound annual growth rate for this period due to the awareness of the use of biodegradable plastics as a viable substitute to conventional plastics and highly depends on the price sensitivity of raw material in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biodegradable Polymer Market Share Analysis
The biodegradable polymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biodegradable polymer market.
Some of the major players operating in the biodegradable polymer market are:
- Cereplast (U.S.)
- NatureWorks LLC, (U.S.)
- Smurfit Kappa (Ireland)
- Mondi (U.K.)
- Westrock Company (U.S.)
- Georgia-Pacific (U.S.)
- Hosgör Plastik (Turkey)
- Evonik Industries (Germany)
- Mitsubishi Gas Chemical Company Inc, (Japan)
- Bio-On.it (Italy), Toyobo Co. Ltd. (Japan)
- TEIJIN limited (U.S.)
- Avient Corporation (U.S.)
- Tate & Lyle (U.K.)
- Hiusan Biosciences (U.S.)
- Kaneka Corporation (Japan)
- BEWI (Norway)
- Green Dot Bioplastic (U.S.)
- Solvay (Belgium)
- Trinseo (U.S.)
- Yield10 Bioscience, Inc.(U.S.)
- Solutions 4 Plastic (U.K.)
- DuPont (U.S.)
SKU-