Biodegradable Polymers demand stood at 1.28 Million Tonnes and is projected to reach 2.338 Million Tonnes by 2030, growing at a steady CAGR of 6.55% in the forecast period.
Biodegradable Polymers are polymers that are degradable and break down into smaller molecules due to the action of agents such as microorganisms and, also nature. Based on feedstock type they can be classified into Natural Biodegradable Polymers which are formed in nature and Synthetic Biodegradable Polymers and are based on petroleum. Various Natural Biodegradable Polymers include Polylactic Acid (PLA), Polyhydroxy Butyrate (PHB), Starch-based Biopolymers, Cellulose derivatives, etc. Synthetic Biodegradable Polymers include Polycaprolactone (PCL), Polyglycolide (PGA), poly(3-hydroxybutyrate-co-3-hydroxy valerate) (PHBV), poly (butylene adipate-co-terephthalate) (PBAT), etc. and others. Biodegradable Polymers find application in Agriculture Films, Textile, Consumer Goods, Packaging, Healthcare, and others.
Leading authorities around the globe are supporting the use of Biodegradable Polymers based products for replacing conventional plastics as Biodegradable Polymers are less toxic, have lower side effects, and aids in the process of stabilization of drug. Upcoming technologies such as Biodegradable composite materials and Biobased hybrid nanocomposites having application in artificial joints, drug delivery systems, etc. are expected to push the demand further in the long run.
In 2020, the spread of COVID-19 in major global economies caused a sudden fall in demand for electronics, automobiles, and construction. Manufacturing units were temporarily shut down and disruption in the supply chain was observed which affected the market adversely. Fall in end-use segment impacted the demand of global Biodegradable Polymers market for the first half of 2020. However, after the covid period, the Biodegradable Polymer market is expected to pick up the pace eventually.
Region-wise, the APAC region holds the major share of global demand for Biodegradable Polymers. China and India are considered to be the fastest-growing economies. The easy availability of raw materials in the region along with the rise in awareness regarding the benefits of using Biodegradable Polymers is expected to boost the market growth.
Major players for Biodegradable Polymers globally include Treofan, Purac, Mitsui Chem, Nature Works LLC, BASF SE, Galactic, Shimadzu, Dainippon Ink Chem, Chronopol, Toyota, Mitsubishi, Biomer, Novamont, Rodenburg Biopolymers, National Starch, Végémat, Limagrain and others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Biodegradable Polymers which covers production, demand and supply of Biodegradable Polymers market globally.
• To analyse and forecast the market size of Biodegradable Polymers.
• To classify and forecast global Biodegradable Polymers market based on type, end-use and regional distribution.
• To identify drivers and challenges for global Biodegradable Polymers market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Biodegradable Polymers market.
• To identify and analyse the profile of leading players involved in the manufacturing of Biodegradable Polymers.
To extract data for global Biodegradable Polymers market, primary research surveys were conducted with Biodegradable Polymers manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Biodegradable Polymers market over the coming years.
ChemAnalyst calculated Biodegradable Polymers demand globally by analyzing the historical data and demand forecast which was carried out considering imported Biodegradable Polymers, styrene prices, monomers used for production of Biodegradable Polymers. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Biodegradable Polymers manufacturers and other stakeholders
• Organizations, forums and alliances related to Biodegradable Polymers distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Biodegradable Polymers manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global Biodegradable Polymers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
By End Use: (Agriculture Films, Textile, Consumer Goods, Packaging, Healthcare, and others.)
By Type: (Polylactic Acid (PLA), Polyhydroxy Butyrate (PHB), Starch based Biopolymers, Cellulose derivatives, Polycaprolactone (PCL), Polyglycolide (PGA), PHBV, PBAT)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Treofan, Purac, Mitsui Chem, Nature Works LLC, BASF SE, Galactic, Shimadzu, Dainippon Ink Chem, Chronopol, Toyota, Mitsubishi, Biomer, Novamont, Rodenburg Biopolymers, National Starch, Végémat, Limagrain and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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