Chemical

According to a new market report published by Lucintel, the future of biodegradable polymer in the global specialty polymer market looks promising with opportunities in the consumer goods, packaging, healthcare, agriculture, and textile applications.  Biodegradable polymer in the global specialty polymer market is expected to grow at a CAGR of 8.5% from 2023 to 2028. The major growth drivers for this market are stringent government regulations against usage of plastic items and growing demand from the agriculture & horticulture, packaging & bag, and textile industries and shift in consumer preference for fresh and ready-to-eat meals.



In this market, starch-based polymer will remain the fastest growing segment over the forecast period because these are eco-friendly in nature and are considered as a feasible option against other biodegradable polymers as these are easily available and are economical to manufacture.



Within this market, the packaging segment is projected to record the highest growth due to improvement in standards of food packaging of various food and safety organizations along with increasing inclination towards environment friendly substances in the packaging industry.



Lucintel predicts that the Asia-Pacific region is expected to witness the highest growth during the forecast period due to growing demand for environment friendly packaging solutions by private companies and increasing government initiatives against the usage of non-biodegradable polymers.

Mitsubishi Chemical, Biopac India, WestRock, Georgia-Pacific, Metabolix, Cereplast, NatureWorks, and Biome Bioplastics are among the major suppliers of biodegradable polymer in the global specialty polymer.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for biodegradable polymer in the global specialty polymer market by product, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities for Biodegradable Polymer in the Global Specialty Polymer Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for biodegradable polymer in the global specialty polymer market by product, application, and region as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for biodegradable polymer in the global specialty polymer market by product (polylactic acid, starch blends, biodegradable polyesters, and polyhydroxyalkanoate), application (consumer goods, packaging, healthcare, agriculture, and textile), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?