Biodegradable Polymer Trends and Forecast
The future of the global biodegradable polymer market looks promising with opportunities in the packaging bags, consumer goods, agriculture horticulture, and textile markets. The global biodegradable polymer market is expected to reach an estimated $29.0 billion by 2030 with a CAGR of 19.8% from 2024 to 2030. The major drivers for this market are increasing industrialization and standardization of packing processes, rising use of biodegradable polymers, and governmentÄX%$%Xs focus on effective handling of plastic trash.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Biodegradable Polymer by Segment
The study includes a forecast for the global biodegradable polymer by type, application, and region.
Biodegradable Polymer Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• PLA
• Starch Blends
• Biodegradable Polyesters
• PHA
• Others
Biodegradable Polymer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Packaging Bags
• Consumer Goods
• Agriculture & Horticulture
• Textile
• Others
Biodegradable Polymer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Biodegradable Polymer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biodegradable polymer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biodegradable polymer companies profiled in this report include-
• Toray Industries
• Braskem SA
• NatureWorks
• PLAntic Technologies
• DuPont de Nemours
• Novamont SpA
• Evonik Industries
• BASF SE
• Arkema
• Koninklijke DSM NV
Biodegradable Polymer Market Insights
Lucintel forecasts that pla is expected to witness the highest growth over the forecast period due to increasing consumer preference for fresh and deli product packaging made of biodegradable polymers.
Within this market, packaging bags will remain the largest segment because it is primarily used in rigid and flexible packaging applications, such as the wrapping of branded, premium, and organic food items with specific needs.
APAC is expected to witness highest growth over the forecast period due to substantial improvements in the economy for the use of biodegradable polymers in the packaging industry, as well as a growing consumer perception that they can be used to cut down on plastic pollution.
Features of the Global Biodegradable Polymer Market
Market Size Estimates: Biodegradable polymer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Biodegradable polymer market size by type, application, and region in terms of value ($B).
Regional Analysis: Biodegradable polymer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the biodegradable polymer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biodegradable polymer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the biodegradable polymer market size?
Answer: The global biodegradable polymer market is expected to reach an estimated $29.0 billion by 2030.
Q2. What is the growth forecast for biodegradable polymer market?
Answer: The global biodegradable polymer market is expected to grow with a CAGR of 19.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the biodegradable polymer market?
Answer: The major drivers for this market are increasing industrialization and standardization of packing processes, rising use of biodegradable polymers, and governmentÄX%$%Xs focus on effective handling of plastic trash.
Q4. What are the major segments for biodegradable polymer market?
Answer: The future of the global biodegradable polymer market looks promising with opportunities in the packaging bags, consumer goods, agriculture horticulture, and textile markets.
Q5. Who are the key biodegradable polymer market companies?
Answer: Some of the key biodegradable polymer companies are as follows:
• Toray Industries
• Braskem SA
• NatureWorks
• PLAntic Technologies
• DuPont de Nemours
• Novamont SpA
• Evonik Industries
• BASF SE
• Arkema
• Koninklijke DSM NV
Q6. Which biodegradable polymer market segment will be the largest in future?
Answer: Lucintel forecasts that pla is expected to witness the highest growth over the forecast period due to increasing consumer preference for fresh and deli product packaging made of biodegradable polymers.
Q7. In biodegradable polymer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to substantial improvements in the economy for the use of biodegradable polymers in the packaging industry, as well as a growing consumer perception that they can be used to cut down on plastic pollution.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the biodegradable polymer market by type (PLA, starch blends, biodegradable polyesters, PHA, and others), application (packaging bags, consumer goods, agriculture & horticulture, textile, and others), 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?
For any questions related to Biodegradable Polymer Market, Biodegradable Polymer Market Size, Biodegradable Polymer Market Growth, Biodegradable Polymer Market Analysis, Biodegradable Polymer Market Report, Biodegradable Polymer Market Share, Biodegradable Polymer Market Trends, Biodegradable Polymer Market Forecast, Biodegradable Polymer Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.