Biodegradable Polymer Market Size, sale 2021, regions will have the highest revenue, which will emerge in importance in the market 2026
Protection of the environment coupled with the contribution towards conservation of natural resources is expected to increase the demand for biodegradable polymers over the coming years.
Dallas, United States – April 23, 2021 /MarketersMedia/ —
The global biodegradable polymers market is projected to reach more than 800 kilo tons by 2025. The global biodegradable polymer market is driven by several factors such as increase in product development which has propelled the growth for biodegradable polymer market. In addition, increased use of biodegradable material also plays a significant growth in the biodegradable polymer market. Moreover, restrictions on the use of plastic material is likely to boost the demand for the global biodegradable polymer market.
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Factors such as increased environmental awareness among consumers has also propelled the growth of the global biodegradable polymer market. Several initiatives in creating awareness among consumers also boosts the demand for the market. In addition the increased use of biodegradable polymer as an alternative for petroleum also propels the growth for the market in the estimated forecast period.
These materials find use in manufacturing of several products like containers, and trays, bags which drives the demand for the market. Furthermore, several initiatives by the government in the promotion of the biodegradable polymers also boosts the demand for the market. These polymers are also used in medical applications which are suitable and degenerate readily, which boosts the demand for the global biodegradable polymers market. Moreover, increased in youth population also boost the demand for the market. Moreover, demand for the biodegradable polymers in agriculture also attributes to the growth of the market.
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The global biodegradable polymer market is segmented into several factors such as type of products offered, application of polymers, end users and geography. On the basis of type of products offered the market is further bifurcated into starch-based polymers, polylactic acid, polyhydroxyalkanoates and synthetic biodegradable polymers, among others. On the applications, it is segmented as agricultural use, packaging materials, among others. On the basis of end user, it is fragmented as small organizations and large organizations. On the basis of geography, the market is further fragmented in to Europe, Asia Pacific, North America, and MEA.
Europe and North America together accounted for 78.6% of the global biodegradable Polymers market share in 2017. Presence of well-established producers followed by stringent government regulations is expected to increase market traction over the coming years.
Apart from facility expansion, manufacturers are focussing more on new product development strategy in order to cater to growing demand for packaging, medical, and other industrial applications. For instance, in November 2017, Aquapak Polymerss Ltd introduced new biodegradable Polymers Hydropol. Highly flexible, water soluble, recyclable, biodegradable, FDA approved, and non-toxic characteristics are expected to gain popularity in the packaging industry.
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Key Segments of the global biodegradable polymers market
Product Overview, 2015-2025 (Kilo Tons, USD Million)
Starch based
Polylactic acid (PLA)
Polyhydroxyalkanoates (PHA)
Synthetic
Application Overview, 2015-2025 (Kilo Tons, USD Million)
Packaging
Loose fill
Bags and sacks
Fibre
Others
Regional Overview, 2015-2025 (Kilo Tons, USD Million)
North America
U.S.
Europe
Germany
Italy
France
UK
Spain
Poland
Asia-Pacific
India
China
Japan
South Korea
Rest of the World
Brazil
Saudi Arabia
Qatar
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Some Points from Table of Content:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Market Overview, By Product
Chapter 5. Market Overview, By Application
Chapter 6. Market Overview, By Region
Chapter 7. Company Profiles
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