Global Biodegradable Polymer Market Projected to Reach USD 9 Billion by 2026

17-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Biodegradable Polymer Market By Type (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) and By Application (Packaging, Agricultural, Medical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Biodegradable Polymer market in 2019 was approximately USD 3.5 Billion. The market is expected to grow at a CAGR of 15% and is anticipated to reach around USD 9 Billion by 2026.

Biodegradable Polymer Market Size

Request Sample Request Customization Buy Now

Polymers are the compounds that are formed through chemical reactions and have high molar mass. Degradation is a process in which the products undergo a physical and chemical transformation that also results in a change of physical and mechanical properties. Biodegradation polymers generally breakdown into natural byproducts with the help of naturally occurring microbes such as algae, bacteria, and fungi. Biodegradable polymers are eco-friendly, non-toxic, and does not cause any kind of harm to the environment or other living things. Due to its non-toxic properties, its degradation can be controlled and it is capable to maintain its integrity until it is completely degraded.

Browse the full “Biodegradable Polymer Market By Type (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) and By Application (Packaging, Agricultural, Medical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/biodegradable-polymer-market-by-type-polymers-with-carbon-744

Rising emissions due to the dumping of petroleum products have raised concerns for the protection of the environment and natural resources and the use of biodegradable products is driving the demand for biodegradable polymers.In addition, biodegradable polymers are triggering the demand due to sustainable development policies, and government initiatives to concentrate on the use of eco-friendly polymers which is bolstering the market growth. Furthermore, the increasing price of raw materials used in the manufacture of petroleum products helps to increase demand. Conversely, restricted uses of biodegradable polymers, high production costs, and inconsistencies in the final product are obstacles to the market. Nonetheless, raw materials for the manufacture of biodegradable polymers are cost-effective and end-users of biodegradable polymers are on the rise.

The major types of biodegradable polymers are polymers with hydrolyzable backbone, natural polymers, and polymers with a carbon backbone. Polymers with a hydrolyzable backbone are further classified into polyglycolic acid (PGA), polyurethanes, polyamides, polycaprolactone (PCL), and others, out of which polyglycolic acid (PGA) is used widely in manufacturing loose-fill packaging, food packaging, compost bags, and plastic bottles as a result of the shifting preference of consumers towards eco-friendly plastic products. The biodegradable polymers are used are packaging, agricultural, medical and other applications. These polymers are widely used for packaging due to the new demographic conditions, growing demands of customers and their purchasing powers, increase in consumption of packaged food products, and increase in the use of medical and pharma equipment across the globe.

The European region is predicted to dominate the market due to the increasing awareness among the citizens in using products that are safe for the environment. Countries of this region are focusing on green technology and advancing manufacturing that can reduce carbon emissions. The governments of different countries in this region are creating awareness among the citizens on the consequences of plastic use and other products that contains harmful chemicals and encouraging people to change the purchasing behavior and switch to a more sustainable lifestyle.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 3.5 Billion

Projected Market Size in 2026

USD 9 Billion

CAGR Growth Rate

15% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Cortec group, Mitsui Chemicals, BASF, BIOTEC GmbH& Co, Cereplast, MetabolixInc, FP International, Others , and others.

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

The major key players in the biodegradable polymer market are as follows:

  • Cortec group
  • Mitsui Chemicals
  • BASF
  • BIOTEC GmbH& Co
  • Cereplast
  • MetabolixInc
  • FP International
  • Others

This report segments the Biodegradable Polymer market as follows:

Global Biodegradable Polymer Market: By Type Segmentation Analysis

  • Polymers with Carbon Backbones
  • Polymers with Hydrolyzable Backbones
  • Natural Polymers

Global Biodegradable Polymer Market: By Application Segmentation Analysis

  • Packaging
  • Agricultural
  • Medical
  • Others

Global Biodegradable Polymer Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com

 


Latest Market Research Reports

report img

Healthcare Augmented and Virtual Reality Market Report 2024 – 2032

[212+ Pages Report] According to Facts Factors, the global healthcare augmented and virtual reality market size in terms of revenue was valued at around USD 3.21 billion in 2023 and is expected to reach a value of USD 15.07 billion by 2032, growing at a CAGR of roughly 18.7% from 2024 to 2032. The

Published Date : 12-Jun-2024 | | Category : Healthcare | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample
report img

North America Frozen Bakery Products Market Report 2024 – 2032

[213+ Pages Report] According to Facts Factors, the North America frozen bakery products market size in terms of revenue was valued at around USD 11.15 billion in 2023 and is expected to reach a value of USD 17.74 billion by 2032, growing at a CAGR of roughly 5.3% from 2024 to 2032. The North Ameri

Published Date : 12-Jun-2024 | | Category : Food & Beverages | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample
report img

Smart Eyewear Technology Market Report 2024 – 2032

[214+ Pages Report] According to Facts Factors, the global smart eyewear technology market size in terms of revenue was valued at around USD 13.21 billion in 2023 and is expected to reach a value of USD 64.12 billion by 2032, growing at a CAGR of roughly 19.1% from 2024 to 2032. The global smart ey

Published Date : 12-Jun-2024 | | Category : Technology & Media | Pages : 214 | Format : Read more

Inquiry for Buying Request Sample
report img

Atopic Eczema Treatment Market Report 2024 – 2032

[211+ Pages Report] According to Facts Factors, the global atopic eczema treatment market size in terms of revenue was valued at around USD 14.26 billion in 2023 and is expected to reach a value of USD 29.15 billion by 2032, growing at a CAGR of roughly 8.2% from 2024 to 2032. The global atopic ecz

Published Date : 11-Jun-2024 | | Category : Healthcare | Pages : 211 | Format : Read more

Inquiry for Buying Request Sample
report img

Lawn Mowers Market Report 2024 – 2032

[215+ Pages Report]According to Facts Factors, the global lawn mowers market size in terms of revenue was valued at around USD 32.85 billion in 2023 and is expected to reach a value of USD 56.12 billion by 2032, growing at a CAGR of roughly 6.13% from 2024 to 2032. The global lawn mowers market is

Published Date : 05-Jun-2024 | | Category : Heavy Industry | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration