Biodegradable Polymers Market By Material Type , By Application : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The biodegradable polymers market was valued at $7.9 billion in 2023, and is projected to reach $55.2 billion by 2033, growing at a CAGR of 21.5% from 2024 to 2033.

Biodegradable polymers are a class of polymers that not only decompose faster when discarded but can also be easily recycled. One of the key benefits of using biodegradable polymers to produce plastic bags is the significant reduction of carbon emissions during the production process, thereby mitigating greenhouse gas emissions. They find their major application in the medical and pharmaceutical sectors. For instance, biodegradable polymers are widely used in surgical sutures and implants. In addition, they have been used as carriers in drug delivery systems. Furthermore, the use of biodegradable biopolymers to manufacture containers and packaging in the food industry is one of the major applications.

The growth of the global biodegradable polymers market is majorly driven by alarming increase in environmental concerns and rise in government initiatives to reduce conventional plastic waste. For instance, with effect from September 30, 2021, the Government of India enforced manufacturers to increase the thickness of plastic carry bags from 50 microns to 75 microns and to 120 microns with effect from the December 31, 2022. This initiative enabled the reuse of plastic due to increase in thickness. In addition, rise in consumer preference toward eco-friendly products is driving the demand for biodegradable polymers. However, high production cost of biodegradable polymers as compared to conventional plastic acts as a key deterrent factor of the global market. Moreover, the blend of traditional and bio-based plastics complicates waste management, as they make sorting and recycling processes more difficult and less efficient. Traditional plastics and bio-based plastics often require different recycling methods, and improper disposal can lead to contamination, reducing the quality of recycled materials and increasing processing costs. To overcome this concern, researchers from Lawrence Berkeley National Laboratory (Berkeley Lab) and the Joint BioEnergy Institute (JBEI) partnered with X-the moonshot incubator under Alphabet, Google's parent company, in November 2023. The aim is not just to bypass the challenging separation process but also to enhance the final product's environmental impact. Such developments are expected to open new avenues for the expansion of the global market during the forecast period. Furthermore, increase in adoption of green chemistry approaches to produce biodegradable polymers from renewable resources is expected to offer lucrative opportunities for the growth of the market. For instance, in June 2024, melanin from cuttlefish ink was discovered as a potent source for eco-friendly materials by Japanese researchers. According to the findings, melanin plays a vital role in the synthesis of biopolymers, and is expected to become a valuable biomass resource in the coming years.

The global biodegradable polymers market is segmented into polymer type, application, and region. On the basis of polymer type, the market is divided into polylactic acid, polyhydroxyalkanoates, starch blends, polybutylene succinate, and polyhydroxyurethanes. By application, it is segregated into packaging, agriculture, medical, consumer goods, textile, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of polymer type, the polylactic acid segment is expected to dominate the market by 2033.

By application, the packaging segment is expected to lead throughout the forecast period.

Region wise, biodegradable polymers are expected to gain high prominence in Europe in the coming years.

Competition Analysis

Competitive analysis and profiles of the major players in the global biodegradable polymers market include BASF SE, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Mitsubishi Chemical Group Corporation, Natur-Tec, Polysciences Inc, Danimer Scientific, FKuR, and Evonik Industries AG. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Manufacturing Capacity
Investment Opportunities
Product Benchmarking / Product specification and applications
Product Life Cycles
Upcoming/New Entrant by Regions
Technology Trend Analysis
Average Consumer Expenditure
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Patient/epidemiology data at country, region, global level
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Material Type

Polylactic Acid
Polyhydroxyalkanoates
Starch Blends
Polybutylene Succinate
Polyhydroxyurethanes

By Application

Packaging
Agriculture
Medical
Consumer Goods
Textile
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

BASF SE
NatureWorks LLC
Novamont S.p.A.
TotalEnergies Corbion
"Mitsubishi Chemical Group Corporation. "
Natur-Tec
Polysciences Inc
Danimer Scientific
FKuR
Evonik Industries AG

Product Code: A12627

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: BIODEGRADABLE POLYMERS MARKET, BY MATERIAL TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Material Type
4.2. Polylactic Acid
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Polyhydroxyalkanoates
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Starch Blends
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Polybutylene Succinate
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country
4.6. Polyhydroxyurethanes
- 4.6.1. Key Market Trends, Growth Factors and Opportunities
- 4.6.2. Market Size and Forecast, By Region
- 4.6.3. Market Share Analysis, By Country

CHAPTER 5: BIODEGRADABLE POLYMERS MARKET, BY APPLICATION

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
5.2. Packaging
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Agriculture
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Medical
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Consumer Goods
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
5.6. Textile
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country
5.7. Others
- 5.7.1. Key Market Trends, Growth Factors and Opportunities
- 5.7.2. Market Size and Forecast, By Region
- 5.7.3. Market Share Analysis, By Country

CHAPTER 6: BIODEGRADABLE POLYMERS MARKET, BY REGION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Material Type
- 6.2.3. Market Size and Forecast, By Application
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Biodegradable Polymers Market
  - 6.2.5.1. Market Size and Forecast, By Material Type
  - 6.2.5.2. Market Size and Forecast, By Application
- 6.2.6. Canada Biodegradable Polymers Market
  - 6.2.6.1. Market Size and Forecast, By Material Type
  - 6.2.6.2. Market Size and Forecast, By Application
- 6.2.7. Mexico Biodegradable Polymers Market
  - 6.2.7.1. Market Size and Forecast, By Material Type
  - 6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Material Type
- 6.3.3. Market Size and Forecast, By Application
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Biodegradable Polymers Market
  - 6.3.5.1. Market Size and Forecast, By Material Type
  - 6.3.5.2. Market Size and Forecast, By Application
- 6.3.6. Germany Biodegradable Polymers Market
  - 6.3.6.1. Market Size and Forecast, By Material Type
  - 6.3.6.2. Market Size and Forecast, By Application
- 6.3.7. Italy Biodegradable Polymers Market
  - 6.3.7.1. Market Size and Forecast, By Material Type
  - 6.3.7.2. Market Size and Forecast, By Application
- 6.3.8. Spain Biodegradable Polymers Market
  - 6.3.8.1. Market Size and Forecast, By Material Type
  - 6.3.8.2. Market Size and Forecast, By Application
- 6.3.9. UK Biodegradable Polymers Market
  - 6.3.9.1. Market Size and Forecast, By Material Type
  - 6.3.9.2. Market Size and Forecast, By Application
- 6.3.10. Rest of Europe Biodegradable Polymers Market
  - 6.3.10.1. Market Size and Forecast, By Material Type
  - 6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Material Type
- 6.4.3. Market Size and Forecast, By Application
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Biodegradable Polymers Market
  - 6.4.5.1. Market Size and Forecast, By Material Type
  - 6.4.5.2. Market Size and Forecast, By Application
- 6.4.6. Japan Biodegradable Polymers Market
  - 6.4.6.1. Market Size and Forecast, By Material Type
  - 6.4.6.2. Market Size and Forecast, By Application
- 6.4.7. India Biodegradable Polymers Market
  - 6.4.7.1. Market Size and Forecast, By Material Type
  - 6.4.7.2. Market Size and Forecast, By Application
- 6.4.8. South Korea Biodegradable Polymers Market
  - 6.4.8.1. Market Size and Forecast, By Material Type
  - 6.4.8.2. Market Size and Forecast, By Application
- 6.4.9. Australia Biodegradable Polymers Market
  - 6.4.9.1. Market Size and Forecast, By Material Type
  - 6.4.9.2. Market Size and Forecast, By Application
- 6.4.10. Rest of Asia-Pacific Biodegradable Polymers Market
  - 6.4.10.1. Market Size and Forecast, By Material Type
  - 6.4.10.2. Market Size and Forecast, By Application
6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Material Type
- 6.5.3. Market Size and Forecast, By Application
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Biodegradable Polymers Market
  - 6.5.5.1. Market Size and Forecast, By Material Type
  - 6.5.5.2. Market Size and Forecast, By Application
- 6.5.6. South Africa Biodegradable Polymers Market
  - 6.5.6.1. Market Size and Forecast, By Material Type
  - 6.5.6.2. Market Size and Forecast, By Application
- 6.5.7. Saudi Arabia Biodegradable Polymers Market
  - 6.5.7.1. Market Size and Forecast, By Material Type
  - 6.5.7.2. Market Size and Forecast, By Application
- 6.5.8. Rest of LAMEA Biodegradable Polymers Market
  - 6.5.8.1. Market Size and Forecast, By Material Type
  - 6.5.8.2. Market Size and Forecast, By Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. BASF SE
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
8.2. NatureWorks LLC
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
8.3. Novamont S.p.A.
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
8.4. TotalEnergies Corbion
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
8.5. "Mitsubishi Chemical Group Corporation. "
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
8.6. Natur-Tec
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
8.7. Polysciences Inc
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
8.8. Danimer Scientific
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
8.9. FKuR
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
8.10. Evonik Industries AG
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments