Press release
Bio-degradable Polymers Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Bio-degradable Polymers Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This helps to understand about the crucial opportunities as well as threats that can impact market globally as world economy has great impact due to COVID 19.The market for bio-degradable polymers is anticipated to register a CAGR of over 20% during the forecast period.
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Top Leading Companies of Global Bio-degradable Polymers Market are BASF SE, BIOTEC, Cardia Bioplastics, DuPont, Eastman Chemical Company, FKuR Kunststoff GmbH, Merck KGaA, Mitsubishi Chemical Holdings Corporation, NatureWorks LLC, Novamont SpA, Rodenburg Biopolymers, TEIJIN LIMITED, Total Corbion PLA bv and others.
Scope of the Report:
Bio-degradable polymers are advantageous over non-bio-degradable polymers as they are less toxic, have lesser side effects, help to improve patient compliance, and maintain the stabilization of the drug. Bio-degradable plastics are increasingly finding usage in niche applications, such as in shale gas industry (where they are used during hydro-fracking), hygiene products, and in fishing gears, among other applications, these are projected to act as an opportunity for the market in future.
Key Market Trends:
Increasing Demand from the Packaging Industry
- Bio-degradable polymers are used in both flexible and rigid packaging applications. Bio-degradable polymers are used for wrapping organic food, as well as for premium and branded products with particular requirements. In 2019, global production capacities of bioplastics (of which bio-degradable polymers accounted for around 40% of the market) amounted to about 2.11 million tons, with almost 50% of the volume destined for the packaging market - the biggest market segment within the bioplastics industry.
- In rigid packaging applications, bio-degradable polymers are used in cosmetics packaging of creams and lipsticks, as well as beverage bottles and many more. PLA is widely used in rigid packaging applications._
- Biodegradability is an important component of food packaging for perishables. Flexible packaging solutions, such as films and trays, are particularly suitable for fresh produce, such as fruit and vegetables, as they enable longer shelf life.
- Overall, the growing packaging industry is expected to drive the market demand of bio-degradable polymers through 2025.
- The consumption of bio-degradable polymers in making bottles and containers is increasing across the world. The production of bottles and containers is more in China since it is the manufacturing hub for major products.
- In Europe and North America, the consumption of bio-degradable polymers is increasing, owing to stringent regulations by the government to ban the usage of petroleum-based plastics, coupled with the increasing usage of bio-degradable polymers in rigid packaging for bottles in these regions.
- Moreover, the slowing down of R&D activities due to the economic slowdown and lockdowns due to COVID 19 outbreak is expected to have a negative impact on the growth of the packaging industry in the short term, and thereby have an adverse effect on the market studied.
Global Bio-degradable Polymers Market Type analysis:
Starch-based Plastics
Polylactic Acid (PLA)
Polyhydroxy Alkanoates (PHA)
Polyesters (PBS, PBAT, and PCL)
Cellulose Derivatives
Global Bio-degradable Polymers Market Application analysis:
Agriculture
Textile
Consumer Goods (Consumer Electronics)
Packaging
Healthcare
Browse Full Report Copy for TOC:
https://marketinsightsreports.com/reports/10192352631/bio-degradable-polymers-market-growth-trends-and-forecast-2020-2025?Mode=11
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends of Bio-degradable Polymers market to give holistic view on Bio-degradable Polymers Market.
Following are major Table of Content of Bio-degradable Polymers Market:
-An overall analysis of industry trends.
-Global Bio-degradable Polymers market overview.
-Major commercial developments in the Bio-degradable Polymers industry.
-Detailed information about drivers, opportunities, and restraints of the Bio-degradable Polymers market
-Positioning of major market participants in the Bio-degradable Polymers industry.
-Competitive Landscape and analysis regarding Bio-degradable Polymers market and key product segments of a market.
-Bio-degradable Polymers market revenue and forecast analysis, by type, application, end-user and geography.
-Key market trends and future growth prospects of the Bio-degradable Polymers market.
We Offer Customization On Report Based On Specific Client Requirement:
– Country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
– 40 analyst hours to cover any other data point.
Related Reports:
Global Polylactic Acid (PLA) Market Insights And Forecast To 2027
https://marketinsightsreports.com/reports/05272937026/global-polylactic-acid-pla-market-insights-and-forecast-to-2027?Mode=11
Cellulose Derivatives Market - Growth, Trends, And Forecast (2020 - 2025)
https://marketinsightsreports.com/reports/04061951455/cellulose-derivatives-market-growth-trends-and-forecast-2020-2025?Mode=11
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Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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