Future Market Insights
Introduction: Biodegradable Polymers Market
Polymers are the long chain of the number of monomers which are linked in a cross systems whereas, biodegradable polymers are the synthetic polymers or bio-based that decay to carbon dioxide, water, and humus in industrial or municipal composting facilities. Biodegradable polymers are the subcategory of the larger bioplastics sector. Conventional thermoplastics are neither bio-based nor biodegradable. Major bio-based biodegradable polymers include poly hydroxybutyrate, polyhydroxyalkanoates, and related copolymers such as polylactic acid starch based polymers and regenerated cellulose. On the commercial scale, petrochemical-based biodegradable polymers which include co-polyesters such as polybutylene succinate, polybutylene adipate terephthalate and polybutylene succinate adipate, polycaprolactone. In the last couple of years, the two most significant biodegradable polymers gain traction in the market were starch based polymers and poly lactic acid which accounting approximately one third of the market of total biodegradable polymer consumption. Along with this there are other biodegradable polymers which include co-polyesters such as polybutylene adipate terephthalate and polybutylene and many others.
The biodegradable polymer has a significant range of applications in agriculture, medicine and packaging. For medical application, biodegradable polymers are utilized in prevention of adhesive surgical sutures and in drug delivery systems. As well as for agriculture application, biodegradable polymers are used in agriculture mulches.
Market Dynamics: Biodegradable Polymers Market
The global Market is expected to boost the demand of biodegradable polymers market over the forecast period. Various factors are responsible for the boost of the biodegradable polymers such as, emergence of renewable resources, bio-based raw materials such as derivatives of crop vegetables and biomass. Globally, bioplastics have significant application in packaging and retail goods and has significantly supported for increasing consumption of fossil fuel sources, which is probably to get exhausted in the next few years is also one of the major driver for the growth of the biodegradable polymers market. Along with these drivers there are certain trends which may boost the demand of the market such as, integrated bio-refineries and the concentration of the polymer producers is expected to shift towards bio based raw materials. On the basis of geographical region, China has increased its biodegradable polymers capacity significantly in last couple of years but not able to consumed as per the expected production and most of biodegradable polymers are exported to the other regions. Incremental growth in prices of biodegradable polymers is expected to create challenge for the growth of biodegradable polymers in the coming future.
Growing heathy lifestyle is gaining attractiveness, which is producing an impact on the sales of sustainable, green products and natural products that can potentially reduce the burden on the ecosystem. Manufacturers have strong opportunity in biodegradable polymers market to gain maximum revenue.
Market Segmentation: Biodegradable Polymers Market
The biodegradable polymers market is segmented on the basis of product types, application
On the basis of product types, the biodegradable polymers market is segmented into:
On the basis of application, the biodegradable polymers market is segmented into:
Regional Outlook: Biodegradable Polymers Market
Globally, China remains dominant region for the production of biodegradable polymers. However, Owing to lower down manufacturing of polymers and stringent government regulations is expected to increase consumption of biodegradable polymers in the next couple of years.
North America stands second-largest manufacturers as well as net exporter of the biodegradable polymers, increasing awareness about green effect and fluctuating oil prices in the region is expected to stay at second position. The region’s consumption of biodegradable polymers has grown significantly in recent years. Western Europe is expected to grow with healthy CAGR in biodegradable polymers market in between the forecast period owing to strong focus on the green technology adopted by the region.
Some of the key players in the biodegradable polymers market are:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.