July 16, 2024
Boston: Biodegradable polymers are a type of polymer that can break down naturally into water, carbon dioxide (or methane), and biomass through the action of microorganisms. These materials are designed to decompose over time when exposed to environmental conditions like moisture, heat, and microbial activity.
Traditional plastics can last for hundreds of years in the environment, causing pollution and harm to wildlife. Biodegradable polymers, on the other hand, are designed to break down much faster, reducing the amount of plastic waste and its impact on the planet.
Market Expansion and Revenue Surge
“According to the latest BCC research study, the demand for Biodegradable Polymers: Global Markets and Technologies expected to grow from 1,286.0 kilotons in 2023 and will reach 4,140.0 kilotons by the end of 2028 at a compound annual growth rate (CAGR) of 26.3% from 2023 to 2028”.
This report covers various types of biodegradable plastics and their uses in different industries. It provides production estimates in kilotons without adjusting for inflation. You'll find detailed information on the biodegradable polymer industry, including its main users. The global market is divided by polymer type (like PLA and starch blends), end-use (such as packaging and medical), and region (including North America, Europe, and Asia-Pacific).
Some Interesting Facts about Biodegradable Polymers
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Factors contributing to this growth include:
Request a Sample Copy of the Biodegradable Polymers: Global Markets and Technologies 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 |
Segment 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, I Italy, France, Spain, U.K., U.S., Canada, Mexico, Brazil, Argentina, Saudi Arabia, and South Africa |
Key Market Drivers |
|
Market Segmentation
The Global Market for Biodegradable Polymers: Global Markets and Technologies can be categorized into various segments:
The types of biodegradable polymers include PLA (polylactic acid), which is made from fermented plant starch like corn; starch blends, which combine starch with other biodegradable materials; PBAT (polybutylene adipate terephthalate), known for its flexibility and used in compostable bags; PHA (polyhydroxyalkanoates), produced by microorganisms and used in medical applications; cellulose films, made from plant cell walls and used in packaging; and PBS (polybutylene succinate), a versatile polymer used in both packaging and agriculture. These materials are designed to break down naturally, reducing environmental impact.
Biodegradable polymers are used in various industries: packaging (like bags and containers), fibers (for textiles and clothing), agriculture (such as mulch films and plant pots), medical (including implants and drug delivery systems), electrical and electronics (for components and casings), automotive (for interior and exterior parts), and other miscellaneous applications. These uses help reduce environmental impact by providing sustainable alternatives to traditional plastics.
this report on global market for biodegradable polymers: global markets and technologies provides comprehensive insights and analysis, addressing the following key questions:
1. What is the projected market size and growth rate of the market?
In terms of volume, the global biodegradable polymers market is projected to grow from 1,143.0 kilotons in 2022 to 4,140.0 kilotons in 2028 at a compound annual growth rate (CAGR) of 26.3% during the forecast period.
2. What are the key factors driving the growth of the market?
The key factors driving the growth of the biodegradable polymers market include:
3. What segments are covered in the market?
The biodegradable polymers market is segmented based on type, end-use, and region. By type, it is segmented into six major segments: PLA, starch blends, PBAT, PHA, cellulose films, and PBS; by end-use, the market is segmented into packaging, fibers, agriculture, medical, electrical & electronics, automotive, and others.
4. By end-use, which segment will dominate the market by the end of 2028?
The Packaging segment will dominate by the end of 2028.
5. Which region has the highest market share in the market?
Asia-Pacific holds the highest share of the market. The changing buying behaviors of consumers and the rise in income among middle-class families are increasing biodegradable polymer consumption in Asia-Pacific countries. The growing demand from end-use industries and ease of availability of raw materials further create a massive demand for biodegradable polymers in the Asia-Pacific region during the forecast period.
Some of the Key Market Players Are:
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Biodegradable Polymers: Global Markets and Technologies( PLS025K )
Publish Date: Jun 2024
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