Bio-degradable Polymers Market 2021 Insights and Precise Outlook -Novamont SpA, BASF SE, Total Corbion PLA bv, and Rodenburg Biopolymers 

The report is designed to provide a holistic view of the Bio-degradable Polymers Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Bio-degradable Polymers Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Bio-degradable Polymers Market investments from 2021 till 2025.

The market for bio-degradable polymers is anticipated to register a CAGR of over 20% during the forecast period.

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The Bio-degradable Polymers Market is highly competitive and is moderately fragmented that consists of significant individual players such as Novamont SpA, BASF SE, Total Corbion PLA bv, and Rodenburg Biopolymers.

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..

China to Dominate the Asia-Pacific Market

- In Asia-Pacific, China is the largest economy, in terms of GDP. The country witnessed about 6.1% growth in its GDP during 2019, even after the trade disturbance caused due to its trade war with the United States.
- Although China was the first country affected by the COVID-19 and its related lockdown, it was the first country to come out of lockdown, but the country has been witnessing recurring cases of coronavirus, leading to further lockdowns. With this, manufacturing seems to be heavily impacted and is expected to continue with slow growth during 2020. Moreover, a major chunk of the Chinese economy is linked to foreign exports, where demand is still low due to lockdowns being practiced in various countries due to the COVID-19 outbreak. This has been negatively affecting the Chinese industry in 2020.
- Chinese plastics manufacturers that account for almost 29% of the global plastic production are focusing on the increased use of corn, sugar, and other crops to develop biodegradable plastics as concerns about environment pollution have encouraged directives from Beijing and the prospects of a ban on conventional plastics- single-use non-biodegradable plastics, such as cutlery, plastic bags, and packaging.
- China’s production of polylactic acid (PLA), a biodegradable plastic raw material, is expected to rise rapidly over the forecast period, owing to rising textile, packaging, and electronics sectors.
- The Chinese packaging market is recording a CAGR of almost 6.79%, as compared with the global CAGR of 3.1%. This growth in the packaging industry is mainly driven by the dynamic economic development, accelerating urbanization, as well as improvement in people’s quality of life. The consumers are shifting toward more safe, convenient, unique, and eco-friendly packaging.

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Regions are covered By Bio-degradable Polymers Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Bio-degradable Polymers Market
-Changing the Bio-degradable Polymers Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Bio-degradable Polymers Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Bio-degradable Polymers Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about Bio-degradable Polymers Market:
– What are the recent developments and government policies?
– What are the top trends in the Bio-degradable Polymers Market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Bio-degradable Polymers Market?
– Which region would offer high growth for vendors in the market?

The report has 150 tables and figures browse the report description and TOC
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