Global Biodegradable Polymers Market to Grow at a CAGR of 21.1% During the Period 2024-2032, Driven by Uses Across Sectors

The global biodegradable polymers market is likely to be driven by increased interest in biodegradable materials for use in different sectors such as packaging, automotive, construction, agriculture, and medicine, and advantages afforded by such polymers.  Advantages of biodegradable polymers include: ease of recycling, reduced waste generation, decreased carbon and greenhouse gas emissions, reduced use of petroleum, decreased energy consumption during manufacturing. North America, Europe and Asia are expected to be key markets.

Several companies offer biodegradable polymer solutions that have applications across sectors. For example, Mater-Bi® by Novamont (Italy) (composed of starch and polyester; used to prepare collection bags for green waste, agricultural films, disposable items); Polynat® by Roverc’h (France) [composed of Rye flower (80%); used to manufacture disposable items, flower containers); Ecofoam®     by American Excelsior Company (USA) (composed of starch; used to manufacture wrapping plastics); Biopol® by Goodfellow (Great Britain) (composed of PHB/PHV; used to manufacture razors and bottles); Eco-pla® by Cargill Dow (USA) (composed of PLA; used to manufacture sanitary products, sport clothes, conditioning and packaging); Bio-D®    by Cirad (France) (composed of proteins extracted from cotton seed; used to manufacture agricultural films); Ecoflex® by BASF (Germany) (composed of co-polyester; used to manufacture agricultural films); Eastar Bio® by Eastman (Great Britain) (composed of co-polyester; used to manufacture agricultural films); BAK 1095® by Bayer (Germany) (composed of polyester amide; used to manufacture disposable items, flower containers).

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Biodegradable polymers are used for stitches after surgery, tissue ingrowth materials, controlled medication release systems, plasma replacements, seed coatings (agriculture), fast-food packaging, in the soil to increase aeration and encourage plant growth, in gene therapy, controlled medicine delivery, etc.

Such solutions and their applications are expected to boost the global biodegradable polymers market.

Key Industry Developments

In 2021, BASF and WPO Polymers agreed to cooperate to distribute biopolymer ecovio®; according to the agreement, WPO Polymers would act as distributor of BASF‘s ecovio® film product range for certified compostable shopping bags, organic waste bags and fruit and vegetable bags in Spain and Portugal.

In 2022, NatureWorks announced their intention to establish a new headquarters and advanced biopolymer research facility in Plymouth, MN, considering the rapid growth in the market for sustainable biomaterials. Expanded laboratory capabilities would support research into the full circular lifecyle of Ingeo^TM biopolymers from next generation fermentation technology to new applications and improved functionality.

In 2021, Danimer Scientific and Total Corbion PLA entered into a long-term collaborative arrangement for the supply of Luminy® PLA, a biobased polymer employed to produce compostable products. The agreement enhanced Danimer’s ability to meet customer needs for resins warranting a blend of PLA- and PHA-based inputs.

In 2020, TotalEnergies Corbion announced its intent to build its second PLA plant with a capacity ramping up to 100,000 tons per annum. The expansion would position TotalEnergies Corbion to meet the rapidly growing demand for Luminy® PLA resins. The new plant was planned to be located on a Total site in Grandpuits, France, and expected to be operational in 2024.

Key Findings of the Report:

• The global biodegradable polymers market is expected to be driven by applications across sectors and advantages afforded by biopolymers.

• Demand for environmentally-friendly solutions is expected to stimulate market growth.

• North America, Europe and Asia are projected to be key markets.

Market Analysis by Type, Distribution Channel and Region:

• By type, the market is segmented into Starch-based Plastics, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters (PBS, PBAT, and PCL), and Cellulose Derivatives.

• By distribution channel, the market is divided into Agriculture, Healthcare, Textile, Packaging, Consumer Electronics, and Others.

• By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.