Press release
Global Biodegradable Polymers Market Projected to Surpass $18.2 Billion by 2029 with 18.4% Annual Growth
Biodegradable Polymers
The expansion of agricultural sectors is expected to propel the growth of the biodegradable polymer market. With rising global demand for food and sustainable farming practices, there is a need for eco-friendly alternatives like biodegradable polymers, which can reduce plastic waste and improve soil health. Biodegradable polymers are increasingly used in products like mulch films, seed coatings, and packaging. According to the U.S. Department of Agriculture, agriculture, food, and related industries contributed $1.53 trillion to the U.S. GDP in 2023. This expansion in agriculture is helping drive the growth of the biodegradable polymer market.
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How will the growth rate of the biodegradable polymers market shape industry trends by 2034?
The biodegradable polymers market has grown rapidly, projected to expand from $7.78 billion in 2024 to $9.25 billion in 2025 at a CAGR of 18.8%. The historical growth was driven by the rise of e-commerce, expansion of the healthcare industry, promotion of circular economy practices, increased demand from the cosmetics sector, and growing R&D investments.
The biodegradable polymers market size is expected to experience rapid expansion, reaching $18.17 billion by 2029 at a CAGR of 18.4%. Growth in this period will be fueled by rising industrialization, increasing demand for environmentally friendly materials, expansion of the packaging industry, a growing need for sustainable packaging solutions, and stricter environmental regulations. Key trends anticipated include advancements in technology, wider adoption of life cycle assessments, the development of hybrid materials, the rise of 3D printing applications, and the use of algae-based biodegradable polymers.
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What trends are poised to drive the future success of the biodegradable polymers market?
In the biodegradable polymers market, companies are focusing on soil conditioners that improve soil structure, water retention, nutrient availability, and root development. Soil conditioners are materials added to soil to enhance its physical properties, supporting plant growth and improving soil health. For example, in August 2024, Hydroplan-EB, a UK-based manufacturer of biodegradable polymers and superabsorbent polymers, introduced HYB PLUS biodegradable polymer. This product includes additives that improve rooting and promote successful planting and transplanting. It helps mitigate transplanting stress and improves initial plant development by increasing nitrogen levels, organic carbon, and enzymes.
Which primary segments of the biodegradable polymers market are driving growth and industry transformations?
The biodegradable polymersmarket covered in this report is segmented -
1) By Type: Starch-Based, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters, Cellulose Derivatives
2) By Substrate: Paper And Paperboard, Cellulose Films, Other Substrates
3) By Application: Agriculture, Textile, Consumer Goods, Packaging, Healthcare, Other Applications
Subsegments:
1) By Starch-Based: Thermoplastic Starch (TPS), Starch Blends, Starch Composites
2) By Polylactic Acid (PLA): Injection-Molded PLA, Extruded PLA, PLA Films
3) By Polyhydroxy Alkanoates (PHA): Short-Chain PHA, Medium-Chain PHA, Long-Chain PHA
4) By Polyesters: Biodegradable Polyesters (e.g., PBT), Aliphatic Polyesters (e.g., PBS)
5) By Cellulose Derivatives: Cellulose Acetate, Cellulose Nitrate, Hydroxypropyl Methylcellulose
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Which geographical regions are pioneering growth in the biodegradable polymers market?
Asia-Pacific was the largest region in the biodegradable polymers market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable polymers marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the biodegradable polymers market landscape?
Major companies operating in the biodegradable polymers marker are BASF SE, Mitsubishi Chemical Group Corporation, Merck Group, Evonik Industries AG, Solvay S.A., Koninklijke DSM N.V., Smurfit Kappa Group plc, Sulzer Ltd., Toyobo Co. Ltd., Corbion N.V., Green Dot Bioplastics Inc., Kaneka Belgium N.V., Danimer Scientific Inc., Polysciences Inc., Sulapac Ltd., TIPA Corp Ltd., Natur-Tec, TotalEnergies Corbion B.V., BioBag International AS, Futerro S.A., Cereplast Inc.
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What Is Covered In The Biodegradable Polymers Global Market Report?
•Market Size Forecast: Examine the biodegradable polymers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the biodegradable polymers market for a structured understanding.
•Key Players Overview: Analyze major players in the biodegradable polymers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biodegradable polymers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the biodegradable polymers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biodegradable polymers market.
•Industry Challenges: Identify potential risks and obstacles affecting the biodegradable polymers market.
•Competitive Landscape: Review strategic developments in the biodegradable polymers market, including expansions, agreements, and new product launches.
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