Biodegradable Polymers Market Research Report 2024
Biodegradable Polymers Market Global Industry Analysis and Forecast (2024-2032) by Type (Starch-Based Plastics, Polylactic Acid, Polyhydroxy Alkanoates, Polyesters, Cellulose Derivatives), End-User (Agriculture, Textile, Consumer Goods, Packaging, Healthcare, Other) and Region
Biodegradable Polymers Market Synopsis
Biodegradable Polymers Market Size Was Valued at USD 9.58 Billion in 2023 and is Projected to Reach USD 50.55 Billion by 2032, Growing at a CAGR of 20.3 % From 2024-2032.
Biodegradable polymers represent a specialized class of materials designed to break down naturally through the action of microorganisms after their intended use. These polymers include natural substances like starch, cellulose, and polyesters, particularly aliphatic polyesters, which are widely used. Unlike traditional plastics, biodegradable polymers decompose into natural byproducts such as gases, water, biomass, and inorganic salts. The biodegradation process occurs when microorganisms in the environment metabolize the polymer, converting it into substances like carbon dioxide or compost.
Composting accelerates the biodegradation of compostable biopolymers. It involves a controlled aerobic and thermophilic transformation of organic materials, facilitated by microorganisms. Composting creates organic fertilizers and soil enrichers through phases including mesophilic (room temperature), thermophilic (high temperature), cooling, and maturation, fostering the breakdown of biodegradable polymers into beneficial organic matter.
Biodegradable polymers are classified into three main groups based on their origin: natural polymers (e.g., starch, cellulose), modified natural polymers, and synthetic polymers (e.g., PLA). They find diverse applications in medicine, agriculture, and packaging. In medicine, they are used for implants, bone fixations, and sutures, offering advantages over conventional plastics in terms of biocompatibility and reduced environmental impact. In agriculture, biopolymers are utilized in films and crop tutors to support plant growth and minimize waste. Additionally, the food industry employs biodegradable polymers for eco-friendly packaging solutions, reducing environmental footprint compared to traditional plastic packaging materials.
Top Key Players:
"NatureWorks LLC (USA), Eastman Chemical Company (USA), NaturTec (USA), Polysciences (USA), DowDuPont Inc (USA), BASF SE (Germany), Novamont S.p.A (Italy), Total Corbion PLA (Netherlands), Biome Technologies (UK), Borealis Group (Austria), Changsu (China), Corbion (Netherlands), Evonik Health Care (Germany), FKuR (Germany), Jiangmen Xinshuo New Materials Co., Ltd (China), Mitsubishi Chemical Group (Japan), Kaneka (Japan), BIOTEC GmbH & Co. KG (Germany), CJ CheilJedang Corp (South Korea), FKuR Kunststoff GmbH (Germany), Futamura Chemical Co. Ltd. (Japan), Japan Corn Starch Co. Ltd. (Japan), Plantic Technologies Limited (Australia), Rodenburg Biopolymers (Netherlands), Kingfa Sci. & Tech. Co. Ltd. (China)and Other Major Players"
Biodegradable Polymers Market Trend Analysis
Advancements in Biotechnology and Materials
- Advancements in biotechnology and materials science are fueling substantial growth in the biodegradable polymers market. These advancements are transforming the sustainable materials sector by providing eco-friendly options to traditional plastics. Biotechnology is important in the creation of polymers made from renewable sources like corn starch, sugarcane, and cellulose, that can naturally break down in different environments, thereby decreasing environmental harm.
- Progress in materials science has resulted in the creation of polymers that have better mechanical properties and biodegradability, allowing them to replace traditional plastics in various uses such as packaging and medical devices. These materials not only provide similar performance but also tackle increasing worries about plastic pollution and waste control.
- In addition, progress in biotechnology has allowed for the creation of polymers with particular functions, improving their flexibility and usefulness in various sectors. For example, biodegradable polymers can now be customized to break down at varying speeds based on the surroundings, offering customized options for different purposes.
- The collaboration between biotechnology and materials science is still propelling advancements in the biodegradable polymers industry, providing eco-friendly options that support worldwide initiatives for environmental protection and circular economy values. With increased focus on research and development, these advancements are predicted to drive market growth and adoption in various industries globally.
Significant Potential in the Packaging Sector
- There is great potential in the packaging industry for biodegradable plastics due to increasing global environmental concerns and regulatory requirements. Biodegradable plastics provide a sustainable option as compared to traditional plastics, helping to tackle problems like plastic pollution and overflowing landfills.
- Consumer demand for environmentally friendly products is a significant factor driving the use of biodegradable plastics in packaging. Raising consciousness about environmental sustainability has caused consumers to prefer products that reduce environmental impact. Biodegradable plastics support this trend by providing a solution that decreases plastic waste and promotes a circular economy approach.
- Government actions and strategies supporting environmentally friendly practices contribute to the growth of the biodegradable plastics industry. Numerous nations are enforcing rules to decrease the usage of single-use plastics and encourage the adoption of biodegradable substitutes.
- From a business standpoint, utilizing biodegradable plastics can improve brand reputation and attract environmentally aware customers. Businesses that incorporate eco-friendly packaging options into their processes can set themselves apart in fierce markets and support ongoing environmental care.
- The increase in the biodegradable plastic market within the packaging industry is spurred by its eco-friendly advantages, consumer demand for sustainable items, helpful government regulations, and advantageous business strategies. As these factors progress, biodegradable plastics are ready to play a vital role in influencing the future of eco-friendly packaging solutions worldwide.
Biodegradable Polymers Market Segment Analysis:
Biodegradable Polymers Market Segmented Based on Type and End-User
By Type, Starch-Based Plastics segment is expected to dominate the market during the forecast period
- Starch-based plastics are a noteworthy category in the market for biodegradable plastics, providing a sustainable option to the usual petroleum-based plastics. These biodegradable plastics come from sustainable sources like corn, potatoes, and cassava, which makes them naturally environmentally friendly.
- Advances in technology have improved the functionality and adaptability of starch-based plastics, allowing them to be used in a variety of applications such as packaging, single-use tableware, agricultural mulch films, and 3D printing filaments.
- Their ability to decompose naturally helps alleviate the increasing worry about plastic waste pollution, particularly in ocean settings where traditional plastics that do not break down create a substantial risk.
- Both manufacturers and consumers are more and more turning to starch-based plastics because of regulatory demands, consumer desire for eco-friendly products, and corporate sustainability efforts. Businesses like NatureWorks LLC, BASF SE, and Novamont S.p.A. are currently dedicating resources to enhance the mechanical and barrier characteristics of starch-based plastics through research and development to increase their market presence worldwide.
By End-User, the Packaging segment held the largest share of 43.67 % in 2023
- The packaging sector holds the top position in the biodegradable plastic market, mainly due to the growing demand for eco-friendly packaging options from consumers and regulations. Biodegradable plastics provide a practical option to conventional petroleum-derived plastics, tackling issues related to environmental effects and disposal.
- Biodegradable plastics are commonly used in food packaging, drink containers, cosmetics, and personal care products in packaging industries. Consumers are choosing biodegradable packaging more often because of their greater concern for the environment and desire for eco-friendly options.
- The food and beverage sector is a major driver of the need for biodegradable plastics in packaging. Companies and stores are using biodegradable packaging to improve their sustainability image and fulfill consumer demand for eco-friendly products. Biodegradable plastics offer similar performance and longevity as regular plastics but also have the advantage of being environmentally friendly, making them a popular option for different packaging needs.
- With advancements in material technology and growing investment in sustainable practices fueling the expansion of the biodegradable plastic market, it is expected that packaging will remain a key player. Businesses are focusing on research and development to improve the performance and affordability of biodegradable plastics, meeting various packaging industry demands and supporting worldwide sustainability goals.
Biodegradable Polymers Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- Rising environmental consciousness and strict regulations in countries such as China, India, and Japan are encouraging the use of biodegradable plastics. These efforts focus on decreasing plastic pollution and advocating for sustainable practices, thus driving the need for biodegradable options.
- The market growth is being sped up by technological advancements and innovations in biopolymer production in the region. Businesses are making significant investments in research and development to improve the characteristics and scalability of biodegradable plastics, to make them suitable for a wider variety of uses.
- The strong economic expansion and industrial progress in nations such as South Korea, Thailand, and Malaysia are fueling the need for environmentally friendly materials. A variety of sectors, from packaging to agriculture, are more frequently choosing biodegradable plastics to support worldwide sustainability objectives and cater to customer demands for eco-friendly items.
- The market growth is being boosted by strategic partnerships and collaborations between both regional and international entities. Collaborative partnerships in production facilities and distribution networks are improving market reach and securing a reliable supply chain for biodegradable plastics in the Asia-Pacific region.
- Asia-Pacific's leading role in the biodegradable plastic industry is defined by proactive green policies, advanced technology, economic progress, and teamwork, establishing the region as a key influencer in the development of eco-friendly plastic solutions worldwide.
Active Key Players in the Biodegradable Polymers Market
- NatureWorks LLC (USA)
- Eastman Chemical Company (USA)
- NaturTec (USA)
- Polysciences (USA)
- DowDuPont Inc (USA)
- BASF SE (Germany)
- Novamont S.p.A (Italy)
- Total Corbion PLA (Netherlands)
- Biome Technologies (UK)
- Borealis Group (Austria)
- Changsu (China)
- Corbion (Netherlands)
- Evonik Health Care (Germany)
- FKuR (Germany)
- Jiangmen Xinshuo New Materials Co., Ltd (China)
- Mitsubishi Chemical Group (Japan)
- Kaneka (Japan)
- BIOTEC GmbH & Co. KG (Germany)
- CJ CheilJedang Corp (South Korea)
- FKuR Kunststoff GmbH (Germany)
- Futamura Chemical Co. Ltd. (Japan)
- Japan Corn Starch Co. Ltd. (Japan)
- Plantic Technologies Limited (Australia)
- Rodenburg Biopolymers (Netherlands)
- Kingfa Sci. & Tech. Co. Ltd. (China) and Other Major Players
Key Industry Developments in the Biodegradable Polymers Market:
- In April 2024, KANEKA Biodegradable Polymer Green Planets First Reusable Food Containers were adopted by JAL for International In-flight Meals. JALUX Inc. and Kaneka Corporation worked together to reduce environmental impact by developing and expanding new products using KANEKA Biodegradable Polymer Green Plane (Green Planet). Kaneka had developed the first reusable food container made from Green Planet, which was used as a side dish container for in-flight meals served on JAL's international flights starting in June.
- In December 2023, Mitsubishi Chemical Group (MCG Group) announced that its plant-derived compostable polymer BioPBS™ had acquired certification as a marine biodegradable biomass plastic under the marine biodegradable plastic identification and labeling system established by the Japan BioPlastics Association (JBPA).
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Biodegradable Polymers Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 9.58 Bn. |
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Forecast Period 2024-32 CAGR: |
20.3 % |
Market Size in 2032: |
USD 50.55 Bn. |
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Segments Covered: |
By Type |
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By End-User |
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By Region |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Biodegradable Polymers Market by By Type
4.1 Biodegradable Polymers Market Snapshot and Growth Engine
4.2 Biodegradable Polymers Market Overview
4.3 Starch-Based Plastics
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value
Frequently Asked Questions
What would be the forecast period in the Biodegradable Polymers Market research report?
The forecast period in the Biodegradable Polymers Market research report is 2024-2032.
Who are the key players in the Biodegradable Polymers Market?
NatureWorks LLC (USA), Eastman Chemical Company (USA), NaturTec (USA), Polysciences (USA), DowDuPont Inc (USA), BASF SE (Germany), Novamont S.p.A (Italy), Total Corbion PLA (Netherlands), Biome Technologies (UK), Borealis Group (Austria), Changsu (China), Corbion (Netherlands), Evonik Health Care (Germany), FKuR (Germany), Jiangmen Xinshuo New Materials Co., Ltd (China), Mitsubishi Chemical Group (Japan), Kaneka (Japan), BIOTEC GmbH & Co. KG (Germany), CJ CheilJedang Corp (South Korea), FKuR Kunststoff GmbH (Germany), Futamura Chemical Co. Ltd. (Japan), Japan Corn Starch Co. Ltd. (Japan), Plantic Technologies Limited (Australia), Rodenburg Biopolymers (Netherlands), Kingfa Sci. & Tech. Co. Ltd. (China)and Other Major Players and Other Major Players.
What are the segments of the Biodegradable Polymers Market?
The Biodegradable Polymers Market is segmented into Type, Application, and region. By Type, the market is categorized into Starch-Based Plastics, Polylactic Acid, Polyhydroxy Alkanoates, Polyesters, and Cellulose Derivatives. By End-User, the market is categorized into Agriculture, Textile, Consumer Goods, Packaging, Healthcare, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Biodegradable Polymers Market?
Biodegradable polymers represent a specialized class of materials designed to break down naturally through the action of microorganisms after their intended use. These polymers include natural substances like starch, cellulose, and polyesters, particularly aliphatic polyesters, which are widely used. Unlike traditional plastics, biodegradable polymers decompose into natural byproducts such as gases, water, biomass, and inorganic salts. The biodegradation process occurs when microorganisms in the environment metabolize the polymer, converting it into substances like carbon dioxide or compost.
How big is the Biodegradable Polymers Market?
Biodegradable Polymers Market Size Was Valued at USD 9.58 Billion in 2023 and is Projected to Reach USD 50.55 Billion by 2032, Growing at a CAGR of 20.3 % From 2024-2032.
