Global Market for Biodegradable Polymer to Reach 5.18 billion by 2020, Growing at CAGR of 21.0% by 2020

Polymers are the compounds formed from chemical reactions, with high molar mass and repeating units. Degradation can be defined as a process in which product experience significant transform in physical and chemical structure which results in change in mechanical and physical properties. Biodegradation polymers are mainly break down into natural byproducts such as water, carbon dioxide and biomass by natural occurring microbes such as bacteria, fungi, algae. Biodegradation polymers are non toxic, eco-friendly, capable to maintain integrity until degraded and their degradation rate can be controlled.

Browse the full "Biodegradable Polymer (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) Market For Packaging, Agricultural, Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/biodegradable-polymer-market-z52699

Increasing pollution due to dumping of petroleum based products has raised concern for use of biodegradable products which is the prime driver for the biodegradable polymer market. Further, biodegradable polymers are in demand due to sustainable development policies, government initiatives to focus on the use of eco friendly polymers.. Rising price of raw materials used in manufacturing the petroleum based products is shifting the preference towards biodegradable products. Conversely, limited applications of biodegradable polymers, high production cost and variation in final product are the restrains hampering the market. Nevertheless, cost-effective raw materials for manufacturing of biodegradable polymers and escalating end users for these polymers are likely to open new market avenues in the near future.

Biodegradable polymer market is segmented on the basis of type, application and region. Polymers with hydrolyzable backbone, polymers with carbon backbone and natural polymers are the types of biodegradable polymers. Polymers with hydrolyzable backbone is further classified as polyglycolic acid (PGA), polycaprolactone (PCL), polyamides, polyurethanes, others. Out of allpolyglycolic acid (PGA) is widely used followed by polyamides and polyurethane due to their extensive applications across different industries. Polyvinyl alcohol (PVA) is a type of polymers with carbon backbone, whereas amylopectin, starch, amylose, chitin and chitosan and others are types of natural polymers. Starch based polymers accounted for major market share due its easy availability, and widespread applications.

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Biodegradable polymer has extensive applications in packaging, agricultural and medical. Different types of packaging are starch based packaging, cellulose based packaging and PLA based packaging among others.Starch based packaging uses corn, maize, and sugar cane where, corn based packaging has gain traction in food packaging these days. In medical application, biodegradable polymers are used in drug delivery system, adhesive prevention, surgical sutures, and agriculture mulches.

Europe accounted for majority of the market share in 2014. Strong focus to adopt green technology in Germany and Netherlands has offered high growth potential for biodegradable polymer market in this region. North America is anticipated to grow significantly during the estimated periodbecause of the awareness and increasing crude oil prices.Further Asia Pacific is likely to accelerate growth of the market due to growing industrialization in emerging economies like India and China.

Some topleadingprofiles in biodegradable polymer markets are Cortecgroup, Mitsui Chemicals, BASF, BIOTEC GmbH& Co, Cereplast,Metabolix Inc. and FP International among others. These players are concentrating on improved production techniques of biodegradable polymers through R&D to expand their applications.

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