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Biodegradable Polymers Market Trends

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

Biodegradable Polymers Market Trends

The biodegradable polymers industry is witnessing several prominent trends shaping its trajectory. Firstly, there's a notable surge in consumer demand for eco-friendly alternatives to traditional plastics, driven by heightened environmental awareness and regulatory pressures. This demand is particularly evident in the packaging industry, where brands are increasingly opting for biodegradable materials to meet sustainability goals and cater to eco-conscious consumers.
 

Additionally, technological advancements are driving innovation in biodegradable polymer formulations, enhancing their performance and expanding their application scope across various industries such as textiles, agriculture, and healthcare. Collaboration among industry stakeholders, research institutions, and government bodies is also on the rise, fostering the development of new products and solutions. Moreover, there's a growing emphasis on circular economy principles, prompting initiatives focused on improving waste management infrastructure and promoting the use of compostable biodegradable materials.

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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