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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Biodegradable Polymers Market size was valued at US$ 9,235.4 million in 2022 and is expected to grow at a 23.1% CAGR from 2023 to 2029. Biodegradable polymers are the polymers which are degradable in nature, which breakdown into smaller molecules with the action of microorganism. Biodegradable polymers are less toxic, and have lesser side effects when compared to non-biodegradable polymers. The biodegradable polymers help in improve patient compliance and maintains drug stabilization. The rising demand for biodegradable polymers in applications like hygiene products, shale gas industry, and in fishing gears are expected to provide opportunity to the key market players in the growth of biodegradable polymer market over the forecasted period. Protection of environment from non-decomposable plastics, and an optimistic contribution in the preservation of natural resources are the key driving factors in the growth of biodegradable polymers market.In addition, the growing packaging industries and adoption of biodegradable plastics in their packaging is expected to boost the growth of biodegradable polymers market over the forecasted period. Furthermore, the inclination towards the eco-friendly packaging materials in textile industry and packaging industry is expected to further aid the growth of biodegradable polymers market. In addition, increasing demand for biodegradable plastics in agriculture sector like plant pots, containers, bags for fertilizers are expected to have a positive effect on the growth of market.However, the cost of production of biodegradable polymers are higher when compared to petroleum-based polymers and it is observed that some of the biodegradable polymers when decomposed, produces methane in the landfills which is expected to have a negative impact on the market and expected to hinder the growth of biodegradable polymers market over the forecasted years. Geographically, Europe region held the major market share in 2022 and is expected to dominate the global biodegradable polymers market in the forecasted years.
Biodegradable Polymers Market Key Developments:
In March 2022, Solvay launched biodegradable guar-based polymers for beauty care.
In September 2019, Clariant launched new organic pigments for the biodegradable plastics.
Study Period
2024-2030Base Year
2023CAGR
23.1%Largest Market
Asia PacificFastest Growing Market
North America
Biodegradable polymers market is expected to grow over the forecasted period due to the increasing environmental consciousness among the public, and a positive vision in conservation of natural resources influences the demand for sustainable and lowering impact on environment which drives the biodegradable polymers market growth. The increase in issues related to non-decomposable plastics has boosted the need of an alternative material like is biodegradable polymers. Furthermore, the inclination towards the eco-friendly packaging materials in textile industry and packaging industry is expected to further aid the growth of biodegradable polymers market. However, the high cost on manufacturing and emission of methane when decomposed are expected to hinder the market growth over the forecasted period.
Biodegradable polymers market is segmented based on regions into North America, Asia-pacific, Europe, Latin America and Middle East and Africa. Europe biodegradable polymers market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the increasing awareness of people in plastic waste and European union’s ban on single use plastics in this region. Asia Pacific region is expected to have a significant growth in the forecasted period due to the improved standard of living in countries like China, Japan, India, and increase in disposable income in this region is expected to drive the growth of biodegradable market in this region over the forecasted period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 9,235.4 million |
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Market CAGR |
23.1% |
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By Type |
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By Application |
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By Region |
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Download Free Sample Report
Biodegradable Polymers market was valued at US$ 9,235.4 million in 2022, and is expected to grow at a 23.1%CAGR from 2023 to 2029
Europe region is expected to have largest market share in the forecasted years followed by Asia Pacific region.
The leading players in the global Biodegradable Polymers market are Arkema SA, BASF SE, Braskem SA, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM NV, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd., Toray Industries Inc.
High manufacturing cost of biodegradable polymers is expected to hinder the market growth over the forecasted years.
| 1.Executive Summary |
| 2.Global Biodegradable Polymers Market Introduction |
| 2.1.Global Biodegradable Polymers Market - Taxonomy |
| 2.2.Global Biodegradable Polymers Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Biodegradable Polymers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Biodegradable Polymers Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Biodegradable Polymers Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Starch-based Plastics |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polylactic Acid |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyhydroxy Alkenoates |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polyesters |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Cellulose Derivatives |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Biodegradable Polymers Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Packaging & Bags |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Consumer Goods |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Agriculture & Horticulture |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Textile |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Biodegradable Polymers Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Starch-based Plastics |
| 8.1.2.Polylactic Acid |
| 8.1.3.Polyhydroxy Alkenoates |
| 8.1.4.Polyesters |
| 8.1.5.Cellulose Derivatives |
| 8.1.6.Others |
| 8.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Packaging & Bags |
| 8.2.2.Consumer Goods |
| 8.2.3.Agriculture & Horticulture |
| 8.2.4.Textile |
| 8.2.5.Others |
| 8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Starch-based Plastics |
| 9.1.2.Polylactic Acid |
| 9.1.3.Polyhydroxy Alkenoates |
| 9.1.4.Polyesters |
| 9.1.5.Cellulose Derivatives |
| 9.1.6.Others |
| 9.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Packaging & Bags |
| 9.2.2.Consumer Goods |
| 9.2.3.Agriculture & Horticulture |
| 9.2.4.Textile |
| 9.2.5.Others |
| 9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 9.3.7. |
| 10.Asia Pacific (APAC) Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Starch-based Plastics |
| 10.1.2.Polylactic Acid |
| 10.1.3.Polyhydroxy Alkenoates |
| 10.1.4.Polyesters |
| 10.1.5.Cellulose Derivatives |
| 10.1.6.Others |
| 10.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Packaging & Bags |
| 10.2.2.Consumer Goods |
| 10.2.3.Agriculture & Horticulture |
| 10.2.4.Textile |
| 10.2.5.Others |
| 10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Starch-based Plastics |
| 11.1.2.Polylactic Acid |
| 11.1.3.Polyhydroxy Alkenoates |
| 11.1.4.Polyesters |
| 11.1.5.Cellulose Derivatives |
| 11.1.6.Others |
| 11.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Packaging & Bags |
| 11.2.2.Consumer Goods |
| 11.2.3.Agriculture & Horticulture |
| 11.2.4.Textile |
| 11.2.5.Others |
| 11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Starch-based Plastics |
| 12.1.2.Polylactic Acid |
| 12.1.3.Polyhydroxy Alkenoates |
| 12.1.4.Polyesters |
| 12.1.5.Cellulose Derivatives |
| 12.1.6.Others |
| 12.2. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Packaging & Bags |
| 12.2.2.Consumer Goods |
| 12.2.3.Agriculture & Horticulture |
| 12.2.4.Textile |
| 12.2.5.Others |
| 12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Arkema SA |
| 13.2.2.BASF SE |
| 13.2.3.Braskem SA |
| 13.2.4.DuPont de Nemours Inc. |
| 13.2.5.Evonik Industries AG |
| 13.2.6.Koninklijke DSM NV |
| 13.2.7.NatureWorks LLC |
| 13.2.8.Novamont SpA |
| 13.2.9.Plantic Technologies Ltd. |
| 13.2.10.Toray Industries Inc. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.