Biodegradable Polymers Market

According to a research report "Biodegradable Polymers Market”, by Type (Polylactic Acid, Polyhydroxy Alkanoates, Polyesters, Starch-Based Plastics, Cellulose Derivatives and Others), End-User (Agriculture, Consumer Goods, Healthcare, Packaging, Textile and Other), Origin (Synthetic, Natural, Modified Natural), & Region - Global Forecast To 2032"

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• 210- Market Data Tables 
• 89 - List of Figures
• 243- Pages

Market Overview

Biodegradable polymers or biopolymers are material made from renewable resources such as animal, plants and micro-organism, with the help of degradation activities such as microbial and enzymatic degradation they are able to break naturally in the environment and leaving harmless byproducts such as water, carbon-dioxide and biomass. Biodegradable polymer has various advantages over non-biodegradable polymers such as are harmless, with less side effects and encourage patients to follow treatment better and helps drugs stay effective. The demand for biodegradable polymers is rising over the synthetic polymers as, synthetic polymers are most commonly used in packaging industry which is causing substantial environment issues. These polymers are made from sustainable sources such as corn starch, sugarcane, cellulose which provides solution and aids to minimize the worldwide increased plastic pollution problem. Non-bio-gradable plastic has high impact on environment as well as on human health, government are initiating regulation on the adoption of biodegradable materials which is driving the growth of this market. Biodegradable polymers are useful in rigid and flexible packaging, which is highly adopted in cosmetics, food and beverages industry. Additionally, the use of biodegradable plastics in packing and the surge in package industry are further rising the market growth. Furthermore, the use of biodegradable plastics in agriculture industry like plants pots, bags of fertilizers, containers is expected to boost the market growth.

Market Dynamics

Drivers:

• Increasing adoption of biodegradable polymers among various sectors
• Easily Biodegradable and Non-Toxic Materials
• Strict government regulations promoting biodegradable materials

Opportunities:

• Rising demand for renewable packaging
• Upsurge in the demand of packaging industry
• Reduction of Carbon Footprint

Rising demand for renewable packaging

The rising demand for renewable packaging in the biodegradable polymer market is driven by increasing environmental concerns and the need for sustainable alternatives to traditional plastics. As awareness of plastic pollution grows, consumers, businesses, and governments are seeking eco-friendly solutions to reduce the environmental impact of packaging materials. As biodegradable polymers offer renewable option to synthetic plastics for single-use- packaging application such as disposable cutlery, shopping bags and food containers. As companies and retailers aiming to strengthen their sustainability credentials is increasing the demand for renewable packaging which is further boosting the market expansion.

The market for Biodegradable Polymers Market is dominated by Europe.

By analysing the biodegradable polymers market globally across various country like North America, Europe, Asia-Pacific, and LAMEA in which Europe dominated the global market of biodegradable polymer. The growth in this region is driven by regulation and policies are limiting the use of single-use plastics and encouraging the adoption of biodegradable plastics. Due to rising demand for these eco-friendly alternatives, Europe is expected to continue leading the market in the future.

Asia-Pacific is expecting significant growth in the global market with a significant CAGR. China and India have the highest CAGR in Asia-Pacific region during the forecast period. The easy access to raw materials and the growing awareness of biodegradable polymer benefits are driving this market growth.  Chinese plastic producers are aiming in to develop biodegradable plastics from corn, sugar and other crops. This shift is in response to Beijing’s environmental pollution issues and the potential introduction of ban on single-use, non-biodegradable plastics such as cutlery, packaging and plastic bags. The increase in the packaging companies is fueled by robust economic development, rapid urbanization and advances in quality of life. Consumers are increasingly seeking packaging which is safe, convenient, creative and environmentally sustainable.

The packaging segment is anticipated to hold the largest market share during the forecast period

The global market is categorized by end-user into agriculture, consumer goods, healthcare, packaging, textile and others in which packaging segment held the largest market share. Packaging plays a crucial role in biodegradable plastics. Biodegradable plastics plays important role in food packaging such as container, wraps, bags, trays and bottles. The demand for biodegradable packaging is increasing due to environmental concerns and to reduce waste.

The agriculture segment is anticipated with the second-largest and fastest- growing sector during the forecast period. This growth is primarily fueled by increase use in agriculture sector for wide array of purpose like greenhouse films, mulch films, soil erosion control, crop packaging, plant pots this material provide benefit to environment over traditional plastics.

Key Players highlighted in the Global Biodegradable Polymers Market report:

• Treofan
• Purac
• Mitsui Chem
• Nature Works LLC
• BASF SE
• Galactic
• Shimadzu
• Dainippon Ink Chem
• Chronopol
• Toyota
• Mitsubishi
• Biomer
• Novamont
• Rodenburg Biopolymers
• National Starch
• Végémat
• Limagrainand

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Segmentations analysis of Biodegradable Polymers Market: -

• By Type:
• By End-User:
• By Origin:
• By Region

Recent Development: November 2023, Lawrence Berkeley National Laboratory (Berkeley Lab) and the Joint BioEnergy Institute (JBEI) collaborated with X, Alphabet's innovation lab, to develop an environmentally friendly recycling method. Their new "one-pot" technique uses natural salts and specific microbes to break down a mix of petroleum-based and bio-based plastics into monomers. These monomers are then fermented by the microbes to create a new biodegradable polymer which is suitable for various products.

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