Global Degradable Materials Market Growth 2023-2029

Global Degradable Materials Market Growth 2023-2029

Photodegradable plastic is made of oil-based polymers, which when exposed to sunlight breaks by weakening of bonds. In addition, it contains a chemical additive, which absorbs light and attacks the polymer and breaks the bonds. Biodegradable plastics are made from oil or from plant-based products that are attacked by bacteria, fungi, or other microorganisms, which help plastics to degrade.

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

This Insight Report provides a comprehensive analysis of the global Degradable Materials 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 Degradable Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Degradable Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Degradable Materials 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 Degradable Materials.

The global Degradable Materials market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Households are the major producers of plastic waste and most of the waste comes from packaging. These wastes are dumped on landfills and few are recycled. Discarded packaging litter is hazardous to the living forms. Thus, increase in environmental concerns has led to the development of photodegradable and biodegradable packaging material.

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

Market Segmentation:

Segmentation by type
Polylactic Acid (PLA)
Polybutylene Succinate (PBS)
PHBV
Others

Segmentation by application
Food Packaging
Pharmaceutical Packaging
Electronics 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.
Metabolix
BASF
Corbion (PURAC)
Natureworks
Biome Technologies
Mitsubishi Chemical
Plantic Technologies
Bio-On
Meredian
Tianan Biologic Materials

Key Questions Addressed in this Report

What is the 10-year outlook for the global Degradable Materials market?

What factors are driving Degradable Materials market growth, globally and by region?

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

How do Degradable Materials market opportunities vary by end market size?

How does Degradable Materials 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.