Global Biodegradable Polymers Market Growth 2023-2029

Global Biodegradable Polymers Market Growth 2023-2029

Biodegradable polymers are the degradable inorganic molecules. They can be either natural or synthetic and can be made of either ester, amide or ether. They find use in many industries such as pharmaceuticals, agriculture, packaging etc.

LPI (LP Information)' newest research report, the “Biodegradable Polymers Industry Forecast” looks at past sales and reviews total world Biodegradable Polymers sales in 2022, providing a comprehensive analysis by region and market sector of projected Biodegradable Polymers sales for 2023 through 2029. With Biodegradable Polymers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biodegradable Polymers industry.

This Insight Report provides a comprehensive analysis of the global Biodegradable Polymers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biodegradable Polymers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biodegradable Polymers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biodegradable Polymers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biodegradable Polymers.

The global Biodegradable Polymers market size is projected to grow from US$ 1274.6 million in 2022 to US$ 2045.6 million in 2029; it is expected to grow at a CAGR of 2045.6 from 2023 to 2029.

One of the key factors driving the growth of this market is the rise in enhanced consumer appeal to eco-friendly packaging. As consumer focus is changing towards healthier living, the demand for a natural, sustainable, and green product is also increasing. This shift in consumer behavior has compelled the major plastics manufacturers and packaging vendors to explore the possibilities of biodegradable polymers. Moreover, the need to conform with government regulations is forcing vendors to focus on manufacturing biodegradable polymers and promote the products that have sustainable components in the export market. It has also been observed that consumers prefer sustainable options for plastic bags and food packaging. The leaders in the global biodegradable polymers market are North America and Asia Pacific that includes China and Japan. Owing to consumer awareness regarding the use of renewable polymers, Europe has emerged as the leading market for biodegradable polymers. North America is expected to grow considerably during the forecast period, due to the consumer shift and rising crude oil prices. The report mentions that during the forecast horizon, Asia Pacific is estimated to witness rapid growth, with countries such as China and Japan evolving as major markets for biodegradable polymers.

This report presents a comprehensive overview, market shares, and growth opportunities of Biodegradable Polymers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Synthetic Biodegradable Polymers
Natural Biodegradable Polymers

Segmentation by application
Pharmaceutical
Agricultural
Biomedical
Packaging
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arkema
BASF
NatureWorks
Novamont
Plantic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biodegradable Polymers market?

What factors are driving Biodegradable Polymers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biodegradable Polymers market opportunities vary by end market size?

How does Biodegradable Polymers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.