Biodegradable Medical Plastics Market Showing Footprints for Strong Annual Sales With Growing CAGR: Key Players - Arkema Group, BASF SE, Corbion NV, Evonik Industries AG, and Koninklijke DSM NV

The waste generated by hospitals mostly contains medical plastics that usually end up in landfills. This could be better managed if hospitals shift their focus toward the use of biodegradable disposable products. Deepening focus on the environmental risk factors associated with the use of plastic is resulting in the elimination of plastic use across various industries, including healthcare. The UK government recently announced its plans to eliminate the use of all kinds of avoidable plastic by 2042. Enterprises are working towards developing the replacement of plastics that is sustainable and is easily degradable such as biodegradable plastics.

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Growth in geriatric population
The geriatric population is more prone to several diseases and postural control problems. The high prevalence of orthopedic disorders among the elderly population has increased the demand for medical products such as medical implants, medical devices, and others. This is expected to have a positive impact on the growth of the global biodegradable medical plastics market size.
High manufacturing cost

Compared to conventional medical plastics, the cost of manufacturing biodegradable medical plastics is high. Factors like the limited availability of bio-based renewable feedstock and higher research and development costs increase the production costs of biodegradable medical plastics. This increasing production costs will have an inflationary impact on the prices of biodegradable medical plastics.

Competitive Landscape
The market appears to be fragmented with several players occupying the market share. Companies such as Arkema Group and BASF SE have intensified competition. Factors such as the increasing preference for sustainable products and the growth of the geriatric population will provide significant growth opportunities for biodegradable medical plastics manufacturers. Arkema Group, BASF SE, Corbion NV, Evonik Industries AG, and Koninklijke DSM NV Metabolix Inc., Natureworks LLC, Biome Technologies PLCare, Mitsubishi Chemical Corp., Plantic Technologies Limited, Bio-On SRL., Meredian Inc. some of the major companies covered in this report.

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Market Overview
A key factor driving the growth of the global biodegradable medical plastics market size is the increasing preference for sustainable products. Hospitals and healthcare centers generate a huge amount of waste regularly, which mainly includes medical plastics. They usually dispose the dangerous waste and send the rest to landfills. However, growing environmental awareness and sustainability among consumers is forcing manufactures and end-users to adopt sustainable solutions. Biodegradable medical plastics are manufactured using renewable biomass sources, such as vegetable fats and oils, corn, starch, woodchips, straw, and food waste.

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Table of Contents
1 Biodegradable Medical Plastics Market Overview
2 Global Biodegradable Medical Plastics Market Competition by Manufacturers
3 Global Biodegradable Medical Plastics Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Global Biodegradable Medical Plastics Supply (Production), Consumption, Export, Import by Region (2012-2017)
5 Global Biodegradable Medical Plastics Production, Revenue (Value), Price Trend by Type
6 Global Biodegradable Medical Plastics Market Analysis by Application
7 Global Biodegradable Medical Plastics Manufacturers Profiles/Analysis
7.1 Metabolix Inc.
7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2 Biodegradable Medical Plastics Product Category, Application and Specification
7.1.2.1 Product A
7.1.2.2 Product B
7.1.3 Metabolix Inc. Biodegradable Medical Plastics Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
7.1.4 Main Business/Business Overview
8 Biodegradable Medical Plastics Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
Continue . . .

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