17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Biodegradable Polymer Market By Type (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) and By Application (Packaging, Agricultural, Medical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Biodegradable Polymer market in 2019 was approximately USD 3.5 Billion. The market is expected to grow at a CAGR of 15% and is anticipated to reach around USD 9 Billion by 2026.
Polymers are the compounds that are formed through chemical reactions and have high molar mass. Degradation is a process in which the products undergo a physical and chemical transformation that also results in a change of physical and mechanical properties. Biodegradation polymers generally breakdown into natural byproducts with the help of naturally occurring microbes such as algae, bacteria, and fungi. Biodegradable polymers are eco-friendly, non-toxic, and does not cause any kind of harm to the environment or other living things. Due to its non-toxic properties, its degradation can be controlled and it is capable to maintain its integrity until it is completely degraded.
Browse the full “Biodegradable Polymer Market By Type (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) and By Application (Packaging, Agricultural, Medical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/biodegradable-polymer-market-by-type-polymers-with-carbon-744
Rising emissions due to the dumping of petroleum products have raised concerns for the protection of the environment and natural resources and the use of biodegradable products is driving the demand for biodegradable polymers.In addition, biodegradable polymers are triggering the demand due to sustainable development policies, and government initiatives to concentrate on the use of eco-friendly polymers which is bolstering the market growth. Furthermore, the increasing price of raw materials used in the manufacture of petroleum products helps to increase demand. Conversely, restricted uses of biodegradable polymers, high production costs, and inconsistencies in the final product are obstacles to the market. Nonetheless, raw materials for the manufacture of biodegradable polymers are cost-effective and end-users of biodegradable polymers are on the rise.
The major types of biodegradable polymers are polymers with hydrolyzable backbone, natural polymers, and polymers with a carbon backbone. Polymers with a hydrolyzable backbone are further classified into polyglycolic acid (PGA), polyurethanes, polyamides, polycaprolactone (PCL), and others, out of which polyglycolic acid (PGA) is used widely in manufacturing loose-fill packaging, food packaging, compost bags, and plastic bottles as a result of the shifting preference of consumers towards eco-friendly plastic products. The biodegradable polymers are used are packaging, agricultural, medical and other applications. These polymers are widely used for packaging due to the new demographic conditions, growing demands of customers and their purchasing powers, increase in consumption of packaged food products, and increase in the use of medical and pharma equipment across the globe.
The European region is predicted to dominate the market due to the increasing awareness among the citizens in using products that are safe for the environment. Countries of this region are focusing on green technology and advancing manufacturing that can reduce carbon emissions. The governments of different countries in this region are creating awareness among the citizens on the consequences of plastic use and other products that contains harmful chemicals and encouraging people to change the purchasing behavior and switch to a more sustainable lifestyle.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3.5 Billion |
Projected Market Size in 2026 |
USD 9 Billion |
CAGR Growth Rate |
15% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Cortec group, Mitsui Chemicals, BASF, BIOTEC GmbH& Co, Cereplast, MetabolixInc, FP International, Others , and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The major key players in the biodegradable polymer market are as follows:
- Cortec group
- Mitsui Chemicals
- BASF
- BIOTEC GmbH& Co
- Cereplast
- MetabolixInc
- FP International
- Others
This report segments the Biodegradable Polymer market as follows:
Global Biodegradable Polymer Market: By Type Segmentation Analysis
- Polymers with Carbon Backbones
- Polymers with Hydrolyzable Backbones
- Natural Polymers
Global Biodegradable Polymer Market: By Application Segmentation Analysis
- Packaging
- Agricultural
- Medical
- Others
Global Biodegradable Polymer Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- 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
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