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Biodegradable Polymers Market - Global Industry Analysis

Biodegradable Polymers Market By Structure (Agro-polymers and biopolymers) By End-Use (Agriculture, Textiles, Healthcare, Packaging, Electronics And Others) Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 17-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 136 Report Code: ZMR-343 Status : Published

The global Biodegradable Polymers market accounted for USD 1.19 Billion in 2020 and is expected to reach USD 2.23 Billion by 2028, growing at a CAGR of around 7.7% between 2021 and 2028.

Description

Market Overview     

The global Biodegradable Polymers market accounted for USD 1.19 Billion in 2020 and is expected to reach USD 2.23 Billion by 2028, growing at a CAGR of around 7.7% between 2021 and 2028.  

The polymer which undergoes a big change within the chemical structure under specific environmental conditions is known as the biodegradable polymer. Features of biodegradable polymers like permeability, non-toxicity, mechanical strength, high tensile, and controlled rate of degradation make them highly effective in performance and a reliable source. The degradation process of the biodegradable polymer includes various ecological or chemical processes like hydrolysis combination, enzymatic degradation, and surface erosion.

Growing standardization and industrialization of the packaging procedures and high implementation of biodegradable polymer is boosting the market. The inclination towards eco-friendly materials in packaging industries also as textiles is the fueling factor of the biodegradable polymers market. Sustainable, recyclable, and nontoxic are the key elements for driving the buyer preference towards biopolymer materials, thus boosting the expansion of the biodegradable polymers market.

Moreover, increasing urbanization & lifestyle, health & environment awareness, and consumer preferences towards fresh & prepared meals alongside convenient packaging styles are the vital factors impacting the expansion of the worldwide market positively. Increasing investment for this packaging revolution is leading to the demand for biodegradable polymer. High demand for biodegradable products within the agriculture sector for films, containers, plant pots,  and storage bags for fertilizers and chemicals is additionally a crucial end-user segment liable for raising the demand for biodegradable polymers.

High demand for biodegradable compounded in cosmetics, food & beverages also as continuous efforts of the manufacturer to expand the range of quality products and technologies are the most drivers of the biodegradable polymers market. Wide application of biodegradable polymers in biomedical sectors as blood bags, catheters, syringes, and artificial organs also are fostering the demand for biodegradable polymer.    

COVID-19 Impact Analysis  

At the start of 2021, COVID-19 disease began to spread around the world, many people worldwide were infected with COVID-19 disease, and major countries around the world have implemented foot prohibitions, strikes, and lockdown orders. Apart from the medical supplies and life support products industries, most industries are greatly impacted, and the Biodegradable Polymers industries are greatly affected. Considering the food supply chain, one among the foremost important sectors of the economy, it's been seen that COVID-19 has an impression on the entire process from the sector to the buyer. within the light of recent challenges in the food supply chain, there's now considerable concern about food production, processing, distribution, and demand.

Growth Factors

Governments barring the use of single-use plastic tied with raising awareness among the public regarding the ill-effects of plastic waste are among the key trends stimulating the market growth. Additionally, increasing the use of biodegradable plastics in agriculture & packaging is expected to increase the market growth. Moreover, rising urbanization and lifestyle, health and environment awareness, and consumer preferences towards fresh and prepared meals in removing packaging with convenient packaging style are that the vital factor impacting the expansion of the Biodegradable Polymers market positively.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

Biodegradable polymers are segmented based on their structure and occurrence. Based on the structure, the global biodegradable polymers market is classified as agro-polymers and biopolymers. Further, the agro-polymers segment is divided into polysaccharides, protein, collagen, gelatin, and gluten. The biopolymer segment is classified as polyhydroxy butyrate and polylactic acid, which are obtained by microbial and conventional synthesis. The end-use of the biodegradable polymers products are agriculture, textiles, packaging, healthcare, and electronics sectors. The growing rigid and flexible packaging in the food & beverages, pharmaceutical & healthcare industries is expected to accelerate the market’s growth during the coming years.

Regional Analysis Preview  

Geographically, Europe is leading the worldwide biodegradable polymers market thanks to high demand from the packaging industry and various establishments of varied manufacturing units. Further, North America stands second within the market rankings thanks to the significant growth of the polymer industries within the region. The Asia Pacific may boost the expansion of the market due to the rising economy and rapid urbanization.

Key Market Players & Competitive Landscape

Some of the major players dominating the global biodegradable polymers market are BASF, Bio Corp. Inc., Biomer, Earthshell Corporation, Plaxica, Cereplast, Innovia Films Pvt. Ltd., Metabolix, Pyramid Bioplastics, Danimer Scientific, Galactic SA, Natureworks LLC, Polyone, Fkur Plastics Corp., and Purac America.

The global Biodegradable Polymers Market is segmented as follows:

By Structure

  • Agro-polymers
  • Biopolymers

By End-User

  • Agriculture
  • Textiles
  • Healthcare
  • Packaging
  • Electronics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Structure
        • 2.1.1.2. Market Attractiveness Analysis, By End User
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Biodegradable Pulymers Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Biodegradable Pulymers Market – Structure Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Structure, 2020 & 2028
    • 4.2. Agro-pulymers
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Bio-pulymers
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Biodegradable Pulymers Market – End User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End User, 2020 & 2028
    • 5.2. Textile
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Agriculture
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Packaging
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Food & Beverages
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Healthcare
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Biodegradable Pulymers Market – Regional Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Structure, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End User, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Structure, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By End User, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Structure, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By End User, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Structure, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By End User, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Structure, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End User, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Structure, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By End User, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Structure, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By End User, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Structure, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By End User, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Structure, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By End User, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Structure, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By End User, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Structure, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Structure, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Structure, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By End User, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Structure, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By End User, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Structure, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By End User, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Structure, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By End User, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Structure, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Structure, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Structure, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End User, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Structure, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By End User, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Structure, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By End User, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Structure, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Structure, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Structure, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Structure, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Structure, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 7: Biodegradable Pulymers Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Biodegradable Pulymers Market: Company Market Share, 2019
      • 8.1.2. Global Biodegradable Pulymers Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Biodegradable Pulymers Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Biodegradable Pulymers Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. BASF
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Bio Corp. Inc.
    • 9.3 Biomer
    • 9.4 Earthshell Corporation
    • 9.5 Plaxica
    • 9.6 Cereplast
    • 9.7 Innovia Films Pvt. Ltd.
    • 9.8 Metabulix
    • 9.9 Pyramid Bioplastics
    • 9. 10 Danimer Scientific
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology


Frequently Asked Questions

The global Biodegradable Polymers Market was valued at USD 1.19 billion in 2020.

The global Biodegradable Polymers Market is expected to reach USD 2.23 billion by 2028, growing at a CAGR of 7.7% between 2021 to 2028.

Some of the key factors driving the global Biodegradable Polymers Market growth are environmentally friendly properties, high consumer acceptance, favorable government policy, and renewable raw material sources.

Europe was the leading market of Biodegradable Polymers in 2020. It accounted for more than 38% share of the total market in 2020. Furthermore, it is predicted to exhibit the great potential to surge the demand for Biodegradable Polymers due to the growing favorable regulations in the region.

Some of the major players dominating the global biodegradable polymers market are BASF, Bio Corp. Inc., Biomer, Earthshell Corporation, Plaxica, Cereplast, Innovia Films Pvt. Ltd., Metabolix, Pyramid Bioplastics, Danimer Scientific, Galactic SA, Natureworks LLC, Polyone, Fkur Plastics Corp., and Purac America.

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