Report Highlights
The global market volumes of biodegradable polymers is expected to grow from 1,286.0 kilotons in 2023 and is projected to reach 4,140.0 kilotons by the end of 2028, at a compound annual growth rate (CAGR) of 26.3% during the forecast period of 2023 to 2028.
Report Includes
- 44 data tables and 53 additional tables
- An analysis of the global markets for biodegradable polymers
- Analyses of the global market trends, with market data in volumetric terms for 2022, estimates for 2023, forecasts for 2027 and 2028, and projected CAGRs through 2028
- Estimate of the current market size in volumetric terms, and a market share analysis based on polymer type, end use industry and region
- Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies and trends, industry regulations, and the global supply chain
- Discussion on modes of degradation of biodegradable polymers and effect of environmental exposure conditions and polymer structure on biodegradation
- Coverage of recent developments in the industry, including R&D activity and new products
- An analysis of recent patent activity
- Overview of the sustainability trends and ESG developments, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- Analysis of the competitive landscape, including major vendors’ market shares, M&A activity, and venture funding outlook
- Profiles of the leading market players, including Biome Bioplastics, Danimer Scientific, Mitsubishi Chemical Group Corp., Sulzer Ltd., and TotalEnergies Corbion
Report Scope
This report will include details about various types of biodegradable polymers and end-use industries for biodegradable polymer products. Estimated volumes are based on manufacturers’ total production. Projected volume is in kilotons, unadjusted for inflation. The report includes comprehensive information regarding the biodegradable polymer industry and its end users.
The global biodegradable polymers market is segmented into the following categories:
- Type (PLA, starch blends, PBAT, PHA, cellulose films and PBS).
- End-use (packaging, fibers, agriculture, medical, electrical and electronics, automotive and others).
- Region (North America, Europe, Asia-Pacific, South America and Middle East and Africa).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||
| Base year market size | 1,143.0 kilotons | ||||||||||||||||
| Market size forecast | 4,140.0 kilotons | ||||||||||||||||
| Growth rate | CAGR of 26.3% for the forecast period of 2023-2028 | ||||||||||||||||
| Units considered | Kilotons | ||||||||||||||||
| Segments covered | Type, End-Use, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, and Middle East and Africa | ||||||||||||||||
| Countries covered | China, Japan, India, South Korea, Australia, Germany, Italy, France, Spain, U.K., U.S., Canada, Mexico, Brazil, Argentina, Saudi Arabia, and South Africa | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing investments for innovative biodegradable polymers
- Increasing consumption of biodegradable polymers in packaging
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global market of biodegradable polymers should grow from $3.7 billion in 2022 to $9.5 billion in 2027, at a compound annual growth rate (CAGR) of 20.6% during the forecast period of 2022 through 2027.
Report Highlights
The global market volume of biodegradable polymers should grow from 1,012.2 kilotons in 2021 to reach 1,945.2 kilotons by 2026, at a compound annual growth rate (CAGR) of 14.0% for the period of 2021-2026.
Report Highlights
The global market for biodegradable polymers reached 484.7 kilotons in 2017 and should reach 984.8 kilotons by 2022, at a compound annual growth rate (CAGR) of 15.2% for the period of 2017-2022.
Report Highlights
The global biodegradable polymer market should reach 5.6 billion pounds by 2021 from 2.4 billion pounds in 2016 at a compound annual growth rate (CAGR) of 18.0%, from 2016 to 2021.
Report Highlights
The global biodegradable polymer market is expected to continue its high growth phase over the next five years. The market is projected to reach a volume of nearly 1.3 billion lbs in 2013. This market is expected to reach nearly 1.5 billion lbs by 2014 and 3 billion lbs by 2019, a five-year compound annual growth rate (CAGR) of 10.4%.
Report Highlights
The global biodegradable polymer market is expected to have its largest growth over the next 5 years, dominated by packaging and usage in fibers. The global biodegradable polymer market is estimated at 932 million pounds in 2011 and is expected to increase at a 22.5% compound annual growth rate (CAGR) to reach nearly 2.6 billion pounds in 2016.
Report Highlights
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The global market for biodegradable polymers increased from 409 million pounds in 2006 to an estimated 541 by the end of 2007. It should reach an estimated 1,203 million pounds by 2012, a compound annual growth rate (CAGR) of 17.3%.
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Growth rates are very high because of intense interest plus the fact that the base volumes of biodegradable polymers are still relatively low compared to petrochemical-based variants.
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The "average" growth rate for loose-fill packaging is mainly attributable to two factors: lack of an effective infrastructure for disposal, and the popularity of air-filled plastics and other materials for cushioning in packages.
Report Highlights
-
The global market for biodegradable polymers exceeds 114 million pounds and is expected to rise at an average annual growth rate (AAGR) of 12.6% to 206 million pounds in 2010.
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Compost bags lead the market as well as growth, representing nearly 50% of the market and rising at AAGR of 14.9%.
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The North American market has not progressed as rapidly as those in Europe and Japan, and the major drivers in the U.S. are mandated legislation and increases in landfill pricing, which are not foreseen during the period.
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This market is still beset with several problems, the most important of which are high prices and lack of an infrastructure for effective composting.
Report Highlights
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The biodegradable polymer market in North America is estimated at 25 million pounds in 2000.
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This market will increase to almost 35 million pounds by 2005, growing at an average annual rate (AAGR) of 7%.
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Another 25 million pounds of the biodegradable product polylactic acid (PLA) are also expected by 2005, but in non-biodegradable applications.
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The market is dominated by loose-fill packaging and compost bags, the latter of which will feature the largest growth, climbing at an AAGR of 9.9% through 2005.
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Other applications such as agricultural films, hygiene-related products and paper coatings will represent 8% of the market in 2005.
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