Biodegradable Polymers Market Size, Share, Analysis, Trends, Growth Report, 2030

Biodegradable Polymers 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.  

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The polymer which undergoes a big change within the chemical structure under specific environmental conditions is known as the biodegradable polymer. Features of the biodegradable polymers market 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 toward 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 toward 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 in this packaging revolution is leading to the demand for biodegradable polymers. 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 compounds 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 applications of biodegradable polymers in biomedical sectors such as blood bags, catheters, syringes, and artificial organs also are fostering the demand for biodegradable polymers.    

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 of 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. In light of recent challenges in the food supply chain, there's now considerable concern about food production, processing, distribution, and demand.

Biodegradable Polymers Market: 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 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.

Biodegradable Polymers Market: Report Scope

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.

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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.

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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