Biodegradable Polymers Market Segments, Opportunity, Growth and Forecast By End-use Industry 2017-2027

Polymers are the long chain of the number of monomers which are linked in a cross systems whereas, biodegradable polymers are the synthetic polymers or bio-based that decay to carbon dioxide, water, and humus in industrial or municipal composting facilities. Biodegradable polymers are the subcategory of the larger bioplastics sector. Conventional thermoplastics are neither bio-based nor biodegradable. Major bio-based biodegradable polymers include poly hydroxybutyrate, polyhydroxyalkanoates, and related copolymers such as polylactic acid starch based polymers and regenerated cellulose. On the commercial scale, petrochemical-based biodegradable polymers which include co-polyesters such as polybutylene succinate, polybutylene adipate terephthalate and polybutylene succinate adipate, polycaprolactone. In the last couple of years, the two most significant biodegradable polymers gain traction in the market were starch based polymers and poly lactic acid which accounting approximately one third of the market of total biodegradable polymer consumption. Along with this there are other biodegradable polymers which include co-polyesters such as polybutylene adipate terephthalate and polybutylene and many others.

The biodegradable polymer has a significant range of applications in agriculture, medicine and packaging. For medical application, biodegradable polymers are utilized in prevention of adhesive surgical sutures and in drug delivery systems. As well as for agriculture application, biodegradable polymers are used in agriculture mulches.

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Market Dynamics: Biodegradable Polymers Market

The global Market is expected to boost the demand of biodegradable polymers market over the forecast period. Various factors are responsible for the boost of the biodegradable polymers such as, emergence of renewable resources, bio-based raw materials such as derivatives of crop vegetables and biomass. Globally, bioplastics have significant application in packaging and retail goods and has significantly supported for increasing consumption of fossil fuel sources, which is probably to get exhausted in the next few years is also one of the major driver for the growth of the biodegradable polymers market. Along with these drivers there are certain trends which may boost the demand of the market such as, integrated bio-refineries and the concentration of the polymer producers is expected to shift towards bio based raw materials. On the basis of geographical region, China has increased its biodegradable polymers capacity significantly in last couple of years but not able to consumed as per the expected production and most of biodegradable polymers are exported to the other regions. Incremental growth in prices of biodegradable polymers is expected to create challenge for the growth of biodegradable polymers in the coming future.

Growing heathy lifestyle is gaining attractiveness, which is producing an impact on the sales of sustainable, green products and natural products that can potentially reduce the burden on the ecosystem. Manufacturers have strong opportunity in biodegradable polymers market to gain maximum revenue.

Market Segmentation: Biodegradable Polymers Market

The biodegradable polymers market is segmented on the basis of product types, application

On the basis of product types, the biodegradable polymers market is segmented into:

Polylactic Acid
Starch Based Polymers
Others
On the basis of application, the biodegradable polymers market is segmented into:

Foam Packaging
Agriculture & Horticulture
Compost Bags
Food Packaging
Others
Regional Outlook: Biodegradable Polymers Market

Globally, China remains dominant region for the production of biodegradable polymers. However, Owing to lower down manufacturing of polymers and stringent government regulations is expected to increase consumption of biodegradable polymers in the next couple of years.

North America stands second-largest manufacturers as well as net exporter of the biodegradable polymers, increasing awareness about green effect and fluctuating oil prices in the region is expected to stay at second position. The region’s consumption of biodegradable polymers has grown significantly in recent years. Western Europe is expected to grow with healthy CAGR in biodegradable polymers market in between the forecast period owing to strong focus on the green technology adopted by the region.

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Some of the key players in the biodegradable polymers market are:

BASF
Arkema
Novamont
Plantic
BIOTEC GmbH& Co
Metabolix Inc
Mitsui Chemicals
Cortec group

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This release was published on openPR.