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Biodegradable Polymers Market Share

  • Report ID: GMI9251
  • Published Date: Apr 2024
  • Report Format: PDF

Biodegradable Polymers Market Share

In the competitive landscape of the biodegradable polymers industry, several key players stand out with their diverse product offerings, technological advancements, and strategic initiatives. Mitsubishi Chemical Group and BASF, both global chemical giants, leverage their extensive R&D capabilities and manufacturing expertise to develop innovative biodegradable polymer solutions, catering to a wide range of applications across industries. Novamont, a leading bioplastics company, distinguishes itself with its focus on renewable feedstocks and commitment to sustainability, offering biodegradable polymer alternatives derived from renewable sources like starch and vegetable oils.
 

Corbion and Biome Technologies are notable contenders, with a focus on biodegradable polymers for packaging and consumer goods, emphasizing compostability and eco-friendliness. Evonik Health Care specializes in biodegradable polymers for healthcare applications, ensuring biocompatibility and regulatory compliance. Additionally, emerging players like Jiangmen Xinshuo New Materials Co., Ltd and NaturTec are gaining traction in the market with their innovative formulations and strategic partnerships. Overall, while established players like Mitsubishi Chemical Group and BASF dominate with their global presence and diversified portfolios, there's room for competition and innovation from both established and emerging players in the dynamic market landscape.
 

Biodegradable Polymers Market Companies

Major players operating in the market include:

  • BASF
  • Biome Technologies
  • Borealis Group
  • Changsu
  • Corbion
  • Evonik Health Care
  • FKuR
  • Jiangmen Xinshuo New Materials Co., Ltd
  • Mitsubishi Chemical Group
  • NaturTec
  • Novamont
  • Polysciences
  • Kaneka
     
Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for biodegradable polymers was USD 7.9 billion in 2023 and is projected to depict over 21.6% CAGR from 2024 to 2032, due to the growing awareness about the detrimental effects of non-biodegradable plastics on ecosystems and human health.

The starch-based polymers segment in the biodegradable polymers industry accumulated USD 1.5 billion in revenue in 2023 and is projected to expand at substantial rate from 2024 to 2032, owing to their availability, cost-effectiveness, and biodegradability.

Asia Pacific industry recorded USD 1.93 billion in revenue in 2023 and is predicted to grow at notable rate between 2024 and 2032, due to the presence of large-scale manufacturing capabilities, and the robust demand for eco-friendly materials.

BASF, Biome Technologies, Borealis Group, Changsu, Corbion, Evonik Health Care, FKuR, Jiangmen Xinshuo New Materials Co., Ltd, Mitsubishi Chemical Group, NaturTec, Novamont, Polysciences, and Kaneka are some of the leading biodegradable polymers companies worldwide.

Biodegradable Polymers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 250
  • Countries covered: 23
  • Pages: 300
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