CAGR 8.44%, Biodegradable Polymer Market Would rocket up to USD 1,515.59 million by 2029.| Key Players:Cereplast (U.S.), NatureWorks LLC, (U.S.), Smurfit Kappa (Ireland),

Market Definition

Biodegradable polymers are a different class of polymer which breaks down after its anticipated purpose by the bacterial decomposition process to result in natural derivatives such as biomass, gases (CO2, N2), water, and inorganic salts These polymers are found both synthetically and naturally made, and largely consist of amide, ester, and ether functional groups. These polymers get decomposed under anaerobic or aerobic conditions in the presence of microorganisms/enzymes.

Data Bridge Market Research analyses that the biodegradable polymer market is expected to undergo a CAGR of 8.44% during the forecast period. This indicates that the market value, which was USD 792.62 million in 2021, would rocket up to USD 1,515.59 million by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Biodegradable polymers have many applications in numerous industries such as textiles, consumer goods, packaging, agriculture, and horticulture. Biodegradable polymers are beneficial over the non-biodegradable polymers because they have lesser side effects, are less toxic, maintain stabilization of the drug and help improve patient compliance. The biodegradable polymers are progressively finding uses in niche application such as in hygiene products, shale gas industry, and in fishing gears, among other applications these are anticipated to act as an opportunity for the market during forecast period of 2022-2029.

Some of the major players operating in the biodegradable polymer market are:
Cereplast (U.S.)
NatureWorks LLC, (U.S.)
Smurfit Kappa (Ireland)
Mondi (U.K.)
Westrock Company (U.S.)
Georgia-Pacific (U.S.)
Hosgör Plastik (Turkey)
Evonik Industries (Germany)
Mitsubishi Gas Chemical Company Inc, (Japan)
Bio-On.it (Italy), Toyobo Co. Ltd. (Japan)
TEIJIN limited (U.S.)
Avient Corporation (U.S.)
Tate & Lyle (U.K.)
Hiusan Biosciences (U.S.)
Kaneka Corporation (Japan)
BEWI (Norway)
Green Dot Bioplastic (U.S.)
Solvay (Belgium)
Trinseo (U.S.)
Yield10 Bioscience, Inc.(U.S.)
Solutions 4 Plastic (U.K.)
DuPont  (U.S.)

View the Full Report Here­­ With TOC and Charts: https://www.databridgemarketresearch.com/reports/global-biodegradable-polymer-market

Global Biodegradable polymer Market Scope

The biodegradable polymer market is segmented on the basis of type, substrate, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
Polylactic Acid (PLA)
Starch
Polybutylene Succinate (PBS)
Polyhydroxyalkanoates (PHA)
Others

Substrate
Paper and Paperboard
Cellulose Films
Others

 Application
Rigid Packaging
Flexible Packaging
Liquid Packaging
Others

End User
Packaging
Rigid Packaging
Flexible Packaging
Consumer Goods
Electrical Appliances
Domestic Appliances
Others
Textiles
Medical and Healthcare Textile
Personal care, clothes and other textiles
Agriculture and Horticulture
Tapes & Mulch Films
Others

Biodegradable Polymer Market Regional Analysis/Insights

The biodegradable polymer market is analysed and market size insights and trends are provided by country, type, substrate, application and end user as referenced above.

The countries covered in the biodegradable polymer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the biodegradable polymer market during the forecast period 2022-2029 due to technological advancements and government initiatives in this region.

Asia-Pacific will continue to project the highest compound annual growth rate for this period due to the awareness of the use of biodegradable plastics as a viable substitute to conventional plastics and highly depends on the price sensitivity of raw materials in this region.

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