Biodegradable Polymer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global biodegradable polymer market. The report provides a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure.

Key Insights:

Biodegradable Polymer Market Size (2024E): US$8.34 Bn
Projected Market Value (2031F): US$20.04 Bn
Global Market Growth Rate (CAGR 2024 to 2031):11.4%

Biodegradable Polymer Market - Report Scope:

Biodegradable polymers are increasingly used in various applications, including packaging, agriculture, textiles, and medical products, due to their environmental benefits and reduced ecological footprint. These polymers are designed to decompose into natural substances under specific conditions, mitigating plastic waste and pollution. The biodegradable polymer market caters to a range of end-users, including manufacturers, environmental organizations, and consumers, with diverse polymer types, such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers. Market growth is driven by rising environmental awareness, regulatory pressures, and advancements in polymer technology, improving biodegradation rates and product performance.

Market Growth Drivers:

The global biodegradable polymer market is propelled by several key factors, including increasing environmental concerns and regulatory mandates aimed at reducing plastic waste. The growing demand for eco-friendly packaging solutions across industries, such as food and beverage, pharmaceuticals, and consumer goods, further drives market expansion. Technological advancements in polymer synthesis and the development of new biodegradable materials with enhanced properties foster innovation and broaden application areas. Additionally, the rising consumer preference for sustainable and biodegradable products contributes to market growth, as companies seek to align with environmental goals and corporate social responsibility (CSR) initiatives.

Market Restraints:

Despite promising growth prospects, the biodegradable polymer market faces challenges related to production costs, limited availability of raw materials, and performance issues compared to conventional plastics. The higher cost of biodegradable polymers, driven by complex manufacturing processes and raw material expenses, poses a challenge for widespread adoption, particularly in price-sensitive markets. Additionally, the variability in degradation rates and performance under different environmental conditions may affect the reliability and consumer acceptance of biodegradable products. Addressing these challenges requires ongoing research and development to optimize production processes and enhance the performance of biodegradable polymers.

Market Opportunities:

The biodegradable polymer market presents significant growth opportunities driven by technological innovations, regulatory incentives, and evolving consumer preferences. The integration of advanced materials and manufacturing techniques, such as nanotechnology and biodegradable composites, opens new avenues for product development and application. Moreover, government policies and regulations supporting the use of biodegradable materials and reducing plastic waste create a favorable environment for market expansion. Strategic investments in research and development, partnerships with key stakeholders, and the introduction of cost-effective biodegradable solutions are essential to capitalize on emerging opportunities and maintain market leadership in the dynamic biodegradable polymer sector.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the biodegradable polymer market globally?
Which polymer types and applications are contributing to the expansion of the biodegradable polymer market?
How are technological advancements reshaping the competitive landscape of the biodegradable polymer market?
Who are the key players contributing to the biodegradable polymer market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global biodegradable polymer market?

Competitive Intelligence and Business Strategy:

Leading players in the global biodegradable polymer market, including BASF SE, NatureWorks LLC, and Novamont S.p.A., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced biodegradable polymers with enhanced properties, including improved biodegradation rates and performance characteristics. Collaborations with environmental organizations, regulatory bodies, and industry associations facilitate market access and promote the adoption of biodegradable solutions. Emphasis on sustainability, market expansion, and consumer education fosters market growth and enhances the competitive position of leading players in the biodegradable polymer landscape.

Key Companies Profiled:

BASF SE
NatureWorks LLC
Novamont S.p.A.
Total Corbion PLA
Metabolix, Inc.
Danimer Scientific
Green Dot Bioplastics
BioLogiQ, Inc.
FKuR Kunststoff GmbH
Tetra Pak International S.A.

Biodegradable Polymer Market Segmentation

By Type

Starch-based Polymers
Polylactic Acid (PLA)
Polyhydroxy Alkanoates (PHA)
Polyesters

By End-Use Industry

Packaging
Textile
Agriculture
Healthcare
Consumer Goods

By Region

North America
Europe
Asia-Pacific
The Middle East and Africa
Latin America

Product Code: PMRREP34549

1. Executive Summary

1.1. Global Biodegradable Polymer Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Distribution Channel/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Type Prices
4.3. Pricing Analysis, By Type
4.4. Regional Prices and Type Preferences

5. Global Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2023-2031
5.3. Global Biodegradable Polymer Market Outlook: End-use Industry
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By End-use Industry, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
  - 5.3.3.1. Packaging
  - 5.3.3.2. Textile
  - 5.3.3.3. Agriculture
  - 5.3.3.4. Healthcare
  - 5.3.3.5. Consumer Goods
  - 5.3.3.6. Others
5.4. Market Attractiveness Analysis: End-use Industry
5.5. Global Biodegradable Polymer Market Outlook: Type
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Type, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
  - 5.5.3.1. Starch-based Polymers
  - 5.5.3.2. Polylactic Acid (PLA)
  - 5.5.3.3. Polyhydroxy Alkanoates (PHA)
  - 5.5.3.4. Polyesters
  - 5.5.3.5. Others
5.6. Market Attractiveness Analysis: Type

6. Global Biodegradable Polymer Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By End-use Industry
- 7.3.3. By Type
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 7.5.1. Packaging
- 7.5.2. Textile
- 7.5.3. Agriculture
- 7.5.4. Healthcare
- 7.5.5. Consumer Goods
- 7.5.6. Others
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 7.6.1. Starch-based Polymers
- 7.6.2. Polylactic Acid (PLA)
- 7.6.3. Polyhydroxy Alkanoates (PHA)
- 7.6.4. Polyesters
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. Europe Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By End-use Industry
- 8.3.3. By Type
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 8.5.1. Packaging
- 8.5.2. Textile
- 8.5.3. Agriculture
- 8.5.4. Healthcare
- 8.5.5. Consumer Goods
- 8.5.6. Others
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 8.6.1. Starch-based Polymers
- 8.6.2. Polylactic Acid (PLA)
- 8.6.3. Polyhydroxy Alkanoates (PHA)
- 8.6.4. Polyesters
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. East Asia Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By End-use Industry
- 9.3.3. By Type
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 9.5.1. Packaging
- 9.5.2. Textile
- 9.5.3. Agriculture
- 9.5.4. Healthcare
- 9.5.5. Consumer Goods
- 9.5.6. Others
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 9.6.1. Starch-based Polymers
- 9.6.2. Polylactic Acid (PLA)
- 9.6.3. Polyhydroxy Alkanoates (PHA)
- 9.6.4. Polyesters
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By End-use Industry
- 10.3.3. By Type
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 10.5.1. Packaging
- 10.5.2. Textile
- 10.5.3. Agriculture
- 10.5.4. Healthcare
- 10.5.5. Consumer Goods
- 10.5.6. Others
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 10.6.1. Starch-based Polymers
- 10.6.2. Polylactic Acid (PLA)
- 10.6.3. Polyhydroxy Alkanoates (PHA)
- 10.6.4. Polyesters
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Latin America Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By End-use Industry
- 11.3.3. By Type
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 11.5.1. Packaging
- 11.5.2. Textile
- 11.5.3. Agriculture
- 11.5.4. Healthcare
- 11.5.5. Consumer Goods
- 11.5.6. Others
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 11.6.1. Starch-based Polymers
- 11.6.2. Polylactic Acid (PLA)
- 11.6.3. Polyhydroxy Alkanoates (PHA)
- 11.6.4. Polyesters
- 11.6.5. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa Biodegradable Polymer Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By End-use Industry
- 12.3.3. By Type
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By End-use Industry, 2024-2031
- 12.5.1. Packaging
- 12.5.2. Textile
- 12.5.3. Agriculture
- 12.5.4. Healthcare
- 12.5.5. Consumer Goods
- 12.5.6. Others
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 12.6.1. Starch-based Polymers
- 12.6.2. Polylactic Acid (PLA)
- 12.6.3. Polyhydroxy Alkanoates (PHA)
- 12.6.4. Polyesters
- 12.6.5. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Nike, Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Nike, Inc.
- 13.3.3. Adidas AG
- 13.3.4. Puma SE
- 13.3.5. Under Armour, Inc.
- 13.3.6. ASICS Corporation
- 13.3.7. Skechers USA, Inc.
- 13.3.8. New Balance Athletics, Inc.
- 13.3.9. Fila Holdings Corp.
- 13.3.10. Brooks Sports, Inc.
- 13.3.11. Mizuno Corporation
- 13.3.12. Reebok International Ltd.
- 13.3.13. Converse Inc.
- 13.3.14. Vans (VF Corporation)
- 13.3.15. Salomon Group (Amer Sports)
- 13.3.16. Columbia Sportswear Company
- 13.3.17. Merrell (Wolverine World Wide, Inc.)
- 13.3.18. Hoka One One

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations