CHEMICALS & MATERIALS
Global Biodegradable Polymers Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Biodegradable Polymers Market, By Type (Starch-based Polymers, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters, Others), Substrate (Paper and Paperboard, Cellulose Films, Others), Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders, Retailers), End-use Industry (Packaging, Textile, Agriculture, Healthcare, Consumer Goods, Others) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global biodegradable polymers market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Biodegradable polymers are a type of polymers that spontaneously break down in the environment due to the activity of microorganisms like fungi and bacteria. These polymers are an environmentally acceptable substitute for conventional plastics since they are made to decompose into water, carbon dioxide, and biomass. The biodegradable polymers market includes the manufacture and marketing of these environmentally friendly materials in a variety of industries, including packaging, agriculture, textiles, and medical applications. Consumer preference for sustainable products, strict plastic use rules, and growing environmental concerns are the main drivers of demand. Research and development, production, distribution, and the use of biodegradable polymers by businesses looking to lessen their environmental impact are important commercial activities.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising demand for eco-friendly packaging solutions
- Stringent government regulations favoring biodegradable alternatives
RESTRAINTS
- High cost and Lack of sufficient technology
- Challenges in establishing efficient recycling and composting infrastructure.
OPPORTUNITIES
- Growth and expansion of pharmaceutical packaging industry
- Increasing awareness about the benefits of biodegradable polymer
CHALLENGES
- Cost competitiveness compared to conventional plastics
- Limited availability of feedstock for biodegradable polymers
SEGMENTATION
- Type
- Starch-based Polymers
- Polylactic Acid (PLA)
- Polyhydroxy Alkanoates (PHA)
- Polyesters
- Others
- Substrate
- Paper and Paperboard
- Cellulose Films
- Others
- Sales Channel
- Direct Company Sale
- Direct Import
- Distributors & Traders
- Retailers
- End-use Industry
- Packaging
- Textile
- Agriculture
- Healthcare
- Consumer Goods
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- BASF
- Biome Technologies
- Borealis Group
- Changsu
- Corbion
- Evonik Health Care
- FKuR
- Jiangmen Xinshuo New Materials Co., Ltd
- Mitsubishi Chemical Group
- NaturTec
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Biodegradable Polymers Market, by Type
- 3.2 Global Biodegradable Polymers Market, by Substrate
- 3.3 Global Biodegradable Polymers Market, by Sales Channel
- 3.4 Global Biodegradable Polymers Market, by End-use Industry
- 3.5 Global Biodegradable Polymers Market, by Geography
- 3.6 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption in packaging and agriculture sectors.
- 5.1.2 Advances in polymer science and biodegradable technologies.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising demand for eco-friendly packaging solutions
- 5.2.2 Stringent government regulations favoring biodegradable alternatives
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High cost and Lack of sufficient technology
- 5.3.2 Challenges in establishing efficient recycling and composting infrastructure.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth and expansion of pharmaceutical packaging industry
- 5.4.2 Increasing awareness about the benefits of biodegradable polymer
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Cost competitiveness compared to conventional plastics
- 5.5.2 Limited availability of feedstock for biodegradable polymers
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL BIODEGRADABLE POLYMERS MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Biodegradable Polymers Market, by Type (2019-2032)
- SECTION 7 - GLOBAL BIODEGRADABLE POLYMERS MARKET, BY SUBSTRATE
- 7.1 Substrate Summary
- 7.2 Market Attractive Index
- 7.3 Global Biodegradable Polymers Market, by Substrate (2019-2032)
- SECTION 8 - GLOBAL BIODEGRADABLE POLYMERS MARKET, BY SALES CHANNEL
- 8.1 Sales Channel Summary
- 8.2 Market Attractive Index
- 8.3 Global Biodegradable Polymers Market, by Sales Channel (2019-2032)
- SECTION 9 - GLOBAL BIODEGRADABLE POLYMERS MARKET, BY END-USE INDUSTRY
- 9.1 End-use Industry Summary
- 9.2 Market Attractive Index
- 9.3 Global Biodegradable Polymers Market, by End-use Industry (2019-2032)
- SECTION 15 - GLOBAL BIODEGRADABLE POLYMERS MARKET, BY GEOGRAPHY
- 10.1 Regional Summary
- 10.2 Market Attractive Index
- 10.3 Global Biodegradable Polymers Market, by Geography (2019-2032)
- SECTION 11 - NORTH AMERICA BIODEGRADABLE POLYMERS MARKET
- 11.1 North America Summary
- 11.2 Market Attractive Index
- 11.3 North America Biodegradable Polymers Market, by Type (2019-2032)
- 11.4 North America Biodegradable Polymers Market, by Substrate (2019-2032)
- 11.5 North America Biodegradable Polymers Market, by Sales Channel (2019-2032)
- 11.6 North America Biodegradable Polymers Market, by End-use Industry (2019-2032)
- 11.7 North America Biodegradable Polymers Market, by Country (2019-2032)
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 11.7.4 Rest of North America
- SECTION 12 - EUROPE BIODEGRADABLE POLYMERS MARKET
- 12.1 Europe Summary
- 12.2 Market Attractive Index
- 12.3 Europe Biodegradable Polymers Market, by Type (2019-2032)
- 12.4 Europe Biodegradable Polymers Market, by Substrate (2019-2032)
- 12.5 Europe Biodegradable Polymers Market, by Sales Channel (2019-2032)
- 12.6 Europe Biodegradable Polymers Market, by End-use Industry (2019-2032)
- 12.7 Europe Biodegradable Polymers Market, by Country (2019-2032)
- 12.7.1 Germany
- 12.7.2 U.K.
- 12.7.3 France
- 12.7.4 Italy
- 12.7.5 Spain
- 12.7.6 Russia
- 12.7.7 The Netherlands
- 12.7.8 Belgium
- 12.7.9 Turkey
- 12.7.10 Rest of Europe
- SECTION 13 - ASIA-PACIFIC BIODEGRADABLE POLYMERS MARKET
- 13.1 Asia-Pacific Summary
- 13.2 Market Attractive Index
- 13.3 Asia-Pacific Biodegradable Polymers Market, by Type (2019-2032)
- 13.4 Asia-Pacific Biodegradable Polymers Market, by Substrate (2019-2032)
- 13.5 Asia-Pacific Biodegradable Polymers Market, by Sales Channel (2019-2032)
- 13.6 Asia-Pacific Biodegradable Polymers Market, by End-use Industry (2019-2032)
- 13.7 Asia-Pacific Biodegradable Polymers Market, by Country (2019-2032)
- 13.7.1 China
- 13.7.2 India
- 13.7.3 Japan
- 13.7.4 South Korea
- 13.7.5 Singapore
- 13.7.6 Malaysia
- 13.7.7 Australia
- 13.7.8 Thailand
- 13.7.9 Philippines
- 13.7.10 Rest of Asia-Pacific
- SECTION 14 - SOUTH AMERICA BIODEGRADABLE POLYMERS MARKET
- 14.1 South America Summary
- 14.2 Market Attractive Index
- 14.3 South America Biodegradable Polymers Market, by Type (2019-2032)
- 14.4 South America Biodegradable Polymers Market, by Substrate (2019-2032)
- 14.5 South America Biodegradable Polymers Market, by Sales Channel (2019-2032)
- 14.6 South America Biodegradable Polymers Market, by End-use Industry (2019-2032)
- 14.7 South America Biodegradable Polymers Market, by Country (2019-2032)
- 14.7.1 Brazil
- 14.7.2 Argentina
- 14.7.3 Chile
- 14.7.4 Colombia
- 14.7.5 Rest of South America
- SECTION 15 - MIDDLE EAST AND AFRICA BIODEGRADABLE POLYMERS MARKET
- 15.1 Middle East and Africa Summary
- 15.2 Market Attractive Index
- 15.3 Middle East and Africa Biodegradable Polymers Market, by Type (2019-2032)
- 15.4 Middle East and Africa Biodegradable Polymers Market, by Substrate (2019-2032)
- 15.5 Middle East and Africa Biodegradable Polymers Market, by Sales Channel (2019-2032)
- 15.6 Middle East and Africa Biodegradable Polymers Market, by End-use Industry (2019-2032)
- 15.7 Middle East and Africa Biodegradable Polymers Market, by Country (2019-2032)
- 15.7.1 Kingdom of Saudi Arabia
- 15.7.2 South Africa
- 15.7.3 U.A.E.
- 15.7.4 Egypt
- 15.7.5 Rest of Middle East and Africa
- SECTION 16 - COMPANY SHARE ANALYSIS
- 16.1 Global Biodegradable Polymers Market, Company Share Analysis
- 16.2 North America Biodegradable Polymers Market, Company Share Analysis
- 16.3 Europe Biodegradable Polymers Market, Company Share Analysis
- 16.4 Asia-Pacific Biodegradable Polymers Market, Company Share Analysis
- SECTION 17 - COMPANY PROFILES
- 17.1 BASF
- 17.1.1 Company Snapshot
- 17.1.2 Financial Overview
- 17.1.3 Product Portfolio
- 17.1.4 Recent Developments
- 17.2 Biome Technologies
- 17.2.1 Company Snapshot
- 17.2.2 Financial Overview
- 17.2.3 Product Portfolio
- 17.2.4 Recent Developments
- 17.3 Borealis Group
- 17.3.1 Company Snapshot
- 17.3.2 Financial Overview
- 17.3.3 Product Portfolio
- 17.3.4 Recent Developments
- 17.4 Changsu
- 17.4.1 Company Snapshot
- 17.4.2 Financial Overview
- 17.4.3 Product Portfolio
- 17.4.4 Recent Developments
- 17.5 Corbion
- 17.5.1 Company Snapshot
- 17.5.2 Financial Overview
- 17.5.3 Product Portfolio
- 17.5.4 Recent Developments
- 17.6 Evonik Health Care
- 17.6.1 Company Snapshot
- 17.6.2 Financial Overview
- 17.6.3 Product Portfolio
- 17.6.4 Recent Developments
- 17.7 FKuR
- 17.7.1 Company Snapshot
- 17.7.2 Financial Overview
- 17.7.3 Product Portfolio
- 17.7.4 Recent Developments
- 17.8 Jiangmen Xinshuo New Materials Co., Ltd
- 17.8.1 Company Snapshot
- 17.8.2 Financial Overview
- 17.8.3 Product Portfolio
- 17.8.4 Recent Developments
- 17.9 Mitsubishi Chemical Group
- 17.9.1 Company Snapshot
- 17.9.2 Financial Overview
- 17.9.3 Product Portfolio
- 17.9.4 Recent Developments
- 17.10 NaturTec
- 17.10.1 Company Snapshot
- 17.10.2 Financial Overview
- 17.10.3 Product Portfolio
- 17.10.4 Recent Developments
- SECTION 18 - RELATED REPORTS
- SECTION 19 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.