Our latest research report entitled Biodegradable Polymers Market (by type(hydrolyzable backbone, polymers with carbon and natural polymers), application(pharmaceutical, packaging, agricultural, biomedical)) provides complete and deep insights into the market dynamics and growth of Biodegradable Polymers. The latest information on market risks, industry chain structure Biodegradable Polymers cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Biodegradable Polymers growth factors.
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Global Biodegradable Polymers Market is Projected to Grow With A CAGR Between 20.0% and 20.5%
The global biodegradable polymers market is projected to grow with a CAGR between 20.0% and 20.5% during 2017-2023. Growing consumer demand towards eco-friendly packaging and changing consumer focus towards healthier living which results in increasing demand for natural, sustainable and green products is the prime factor driving the global biodegradable polymers market. Moreover, the intensity in the prices of crude oil which is the raw material for the production of petroleum-based polymer also helps in driving the demand of biodegradable polymers globally over the traditional petroleum polymers.
Furthermore, increasing demand for biodegradable polymers from the application such as biomedical, agriculture and packaging are also anticipated to drive the global biodegradable polymers market over the forecast period. However, fewer biodegradable applications to replace synthetic-based plastic materials and high manufacturing cost are the key restraining factors hampering the growth of the biodegradable market across the globe.
Nevertheless, growing initiatives by the government to promote renewable & sustainable polymers, green products and regulations forcing key vendors for manufacturing biodegradable polymers, as well as economical raw material prices required for the production of biodegradable polymers, will bring more opportunities to the global biodegradable polymers market over the forecast period.
Report Segments the Biodegradable Polymers Market By Type, By Application and By Region
Market segmentation based on type includes a polymer with hydrolyzable backbone, polymers with carbon and natural polymers. Moreover, polymer with hydrolyzable backbone type segment is further classified into polyglycolic acid (PGA), polycaprolactone (PCL), polyamides, polyurethanes, and others.
The polymers with a carbon backbone type segment are further classified into polyvinyl alcohol (PVA) and natural polymers type segment are further classified into amylopectin, starch, amylase, chitin & chitosan and others. However, the global biodegradable polymers market based on application is segmented into pharmaceutical, packaging, agricultural, biomedical and others.
Europe is Accounted for the Largest Market Share
Europe is accounted for the largest market share in the biodegradable polymers market and is anticipated to grow at the highest CAGR rate over the forecast period due to market maturation and greater consumer awareness regarding the usage of renewable polymers in the European region. Moreover, manufacturing advancements and growing initiatives of government towards the manufacturing of biodegradable polymers in countries like the Netherlands and Germany will further drive the European biodegradable polymers market over the forecast period.
Following Europe, North America is accounted as the second-largest market for the biodegradable polymer market and is likely to witness significant growth over the forecast period due to rising consumer awareness regarding green products, government regulations forcing manufacturers to shift towards renewable & substantial polymers and increasing crude oil prices.
The companies covered in the report include Cereplast, BASF, Cortec Group, FP International, Mitsui Chemicals, BIOTEC GmbH & Co., Arkema, Novamont, Evonik Industries, DuPont, Meredian Holdings Group, Metabolix, Ecospan, and Toray & Industries.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Biodegradable Polymers.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.