Biodegradable Copolyesters Research:CAGR of 18.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Biodegradable Copolyesters- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Biodegradable Copolyesters was estimated to be worth US$ 693.2 million in 2023 and is forecast to a readjusted size of US$ 2255.3 million by 2030 with a CAGR of 18.5% during the forecast period 2024-2030



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https://www.qyresearch.com/reports/2161217/biodegradable-copolyesters





Biodegradable Copolyesters Market Summary

Biodegradable polymers are defined as materials whose chemical and physical characteristics undergo deterioration and completely degrade when exposed to microorganisms, aerobic, and anaerobic processes.



According to the new market research report "Global Biodegradable Copolyesters Market Report 2024-2030", published by QYResearch, the global Biodegradable Copolyesters market size is projected to reach USD 3.15 billion by 2030, at a CAGR of 18.6% during the forecast period.

Global Biodegradable Copolyesters MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Biodegradable Copolyesters Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Biodegradable Copolyesters Top12Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Biodegradable Copolyesters Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Biodegradable Copolyesters include Kingfa, SJBRT Chemical, Novamont, BASF, Jinhuizhaolong, Danimer Scientific, Hengli, Mitsubishi Chemical, Yifan Xinfu Pharmaceutical, Sinopec, etc. In 2023, the global top 10 players had a share approximately 80.0% in terms of revenue.

Biodegradable Copolyesters,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Biodegradable Copolyesters Market Report 2024-2030.

In terms of product type, currently PBAT is the largest segment, hold a share of 92.9%.

In terms of product application, currently Disposable Packaging is the largest segment, hold a share of 55.1%.



Market Drivers:

The "plastic ban" policy at home and abroad has promoted the development of biodegradable material products: in recent years, the problem of plastic pollution has become increasingly prominent, which has brought great harm to human health and the ecological environment. In 2015, the United Nations adopted the 2030 Sustainable Development Goals (SDGS), which aim to address the social, economic and environmental dimensions of development in a comprehensive manner from 2015 to 2030, and shift to the path of sustainable development. On March 2, 2022, the United Nations Environment Assembly adopted a resolution to end plastic pollution, which aims to establish an intergovernmental negotiating committee with the goal of finalizing a legally binding international agreement to address plastic pollution governance by the end of 2024. On January 16, 2020, the National Development and Reform Commission and the Ministry of Ecology and Environment jointly issued the Opinions on Further Strengthening the Control of Plastic Pollution, prohibiting the use of non-degradable plastic products in stages, regions and fields. The biodegradable material industry is a key link in China's ecological civilization construction strategy and an important component of achieving the goal of a beautiful China.

The encouragement policy of the new chemical materials industry has brought the development opportunity of biodegradable products: with the strategic adjustment of the economic structure and the pace of industrial transformation and upgrading, high-end chemical products are facing better market opportunities.



Restraint:

Compared with traditional petroleum-based plastics, biodegradable plastics still have shortcomings such as high cost, poor performance and dependence on policy support.

From the perspective of the cost composition of products, the price changes of crude oil, coal and other energy sources have a greater impact on the prices of major raw materials. In recent years, crude oil, coal and other energy prices have fluctuated sharply due to the changes in supply and demand, international economic trends and speculation, and raw material procurement costs have also fluctuated.

Downstream market demand is greatly affected by the macroeconomic situation, and the impact of the epidemic on the global economy cannot be recovered in the short term.



Trend:

Due to the high price of biodegradable material products, the main problem that currently restricts the development of degradable plastics is the cost-effective replacement problem, therefore, the implementation of the domestic "plastic ban" policy has become a key factor affecting the future domestic consumer market. At the same time, as the production technology of biodegradable materials matures and costs are reduced, the replacement of traditional plastics will be accelerated.

According to the historical price trend of biodegradable material products and raw materials, the price of biodegradable material products is obviously affected by the fluctuation of raw material prices. In 2021, with the sharp rise in the price of raw materials BDO and adipic acid, the rise of biodegradable material products is obvious, the industry profit is declining, and the production enterprises are facing the pressure of cost and price inversion. Therefore, enterprises that can ensure the stable supply of raw materials, support upstream raw materials BDO, adipic acid, PTA, and have the production capacity of an integrated industrial chain have sufficient cost and scale advantages.

With the development of material technology, biodegradable materials have been widely used in disposable plastic bags, handbags, garbage bags, disposable tableware and other fields; And with the gradual improvement of people's environmental protection concept, as well as the development of biomedical and polymer material science, express packaging bags, agricultural mulching film, biodegradable health protection products, textile and apparel applications are quietly starting, will further drive demand growth.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Biodegradable Copolyesters market is segmented as below:

By Company

BASF
Novamont
Mitsubishi Chemical
Danimer Scientific
Kingfa
Yifan Xinfu Pharmaceutical
Anqing Hexing
SJBRT Chemical
Hengli
Jinhuizhaolong
Sinopec
Mogao



Segment by Type

PBS
PBAT
PHA



Segment by Application

Disposable Packaging
Disposable Tableware
Agricultural Film
Other



Each chapter of the report provides detailed information for readers to further understand the Biodegradable Copolyesters market:

Chapter 1: Introduces the report scope of the Biodegradable Copolyesters report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Biodegradable Copolyesters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Biodegradable Copolyesters market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Biodegradable Copolyesters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Biodegradable Copolyesters in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Biodegradable Copolyesters competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Biodegradable Copolyesters comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Biodegradable Copolyesters market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Biodegradable Copolyesters Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Biodegradable Copolyesters Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Biodegradable Copolyesters Market Insights, Forecast to 2030
Global Biodegradable Copolyesters Market Research Report 2024
Biodegradable Copolyesters - Global Market Insights and Sales Trends 2024
Global Biodegradable Copolyesters Market Research Report 2023
Global Biodegradable Copolyesters Sales Market Report 2023
Global Biodegradable Copolyesters Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global Biodegradable Copolyesters Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Biodegradable Copolyesters Market Report & Forecast 2022-2028
United States Biodegradable Copolyesters Market Report & Forecast 2021-2027

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