Biodegradable Polymers Market Synopsis

Global Biodegradable Polymers Market size is expected to grow from USD 0.72 Billion in 2023 to USD 4.1 Billion by 2032, at a CAGR of 21.32 % during the forecast period (2024-2032).

Biodegradable polymers are organic materials designed to break down naturally into harmless compounds, reducing environmental impact. Derived from renewable resources like corn starch or sugarcane, these polymers offer an eco-friendly alternative to traditional plastics. Through microbial action or enzymatic processes, degrades into water, carbon dioxide, and biomass. Widely used in packaging, agriculture, textiles, and medical applications, biodegradable polymers address concerns about persistent plastic pollution, promoting sustainability and aligning with global efforts to create a more environmentally conscious and circular economy.

• The Global Biodegradable Polymers Market is experiencing a surge in demand due to environmental consciousness and sustainable practices. These biodegradable polymers, derived from renewable sources like corn or sugarcane, mitigate the negative effects of traditional plastics on ecosystems, reducing landfill waste and reducing dependence on fossil fuels.
• Market trends indicate a growing shift toward biodegradable alternatives, through stringent regulations, corporate sustainability initiatives, and consumer preferences for eco-friendly products. Industries such as packaging, agriculture, textiles, and healthcare are witnessing increased adoption of biodegradable polymers as businesses prioritize sustainable practices.
• The packaging sector, in particular, is significant due to rising awareness of plastic pollution and the need for environmentally responsible packaging solutions. The demand for biodegradable polymers is growing globally towards a circular economy and a desire to reduce the carbon footprint associated with traditional plastics. Consumers are increasingly seeking products with minimal environmental impact, prompting manufacturers to incorporate biodegradable materials into their offerings. The biodegradable polymer market is expected to grow due to advancements in polymer technology, enhanced scalability, and collaborations between industry players and research institutions.

Biodegradable Polymers Market Trend Analysis:

Increasing Demand from the Packaging Industry

• Global awareness of environmental issues and a growing commitment to sustainable practices, the packaging sector is undergoing a transformative shift towards eco-friendly solutions. Biodegradable polymers offer an alternative to traditional plastics, as they break down naturally, mitigating the persistent environmental impact associated with non-biodegradable materials. This demand is fueled by stringent regulations and consumer preferences that prioritize environmentally responsible packaging solutions.
• The packaging industry's adoption of biodegradable polymers is particularly notable due to the sector's substantial contribution to plastic waste. Single-use packaging, in particular, has come under scrutiny, leading manufacturers to seek alternatives that align with corporate sustainability goals and meet evolving regulatory standards. Biodegradable polymers not only address environmental concerns but also cater to consumer preferences for sustainable packaging choices. The packaging industry is incorporating biodegradable materials into their products, promoting environmental consciousness and increasing the acceptance of biodegradable polymers in the market.

Growing Consumer Awareness

• Growing consumer awareness is growing the biodegradable polymers market due to an increased understanding and concern among individuals about the environmental impact of traditional plastics. As consumers become more educated about issues such as plastic pollution, non-biodegradable waste in landfills, and the harm caused to ecosystems, there is a rising demand for sustainable alternatives. Consumers are increasingly choosing products made from biodegradable polymers, naturally break down, thereby reducing their environmental impact.
• Consumers are shifting towards eco-friendly, recyclable, and less harmful products and packaging, leading manufacturers and businesses to adopt biodegradable polymers in their products. This shift in consumer behavior is promoting sustainability and influencing the market towards eco-friendly, recyclable, and less harmful alternatives. Consumers' increasing preference for environmentally friendly products is driving a rise in demand for biodegradable polymers, indicating a need for further innovation and market expansion.

Biodegradable Polymers Market Segment Analysis:

Biodegradable Polymers Market Segmented based on Type, Processing Method, Application and End-user

By Type, Polylactic Acid (PLA) is expected to dominate the market during the forecast Period

• PLA stands out as a bio-based and biodegradable polymer derived from renewable resources such as corn starch or sugarcane. Its dominance is attributed to its versatility, cost-effectiveness, and favorable environmental profile. As a thermoplastic polymer, PLA exhibits properties comparable to traditional plastics, making it an attractive substitute in various applications, especially in packaging, textiles, and biomedical sectors. The increasing emphasis on sustainable and eco-friendly alternatives with PLA's ability to decompose into non-toxic components aligns with global efforts to reduce plastic pollution. PLA dominates the biodegradable polymers market due to increasing demand for environmentally responsible materials, strict regulations, and consumer awareness.

Biodegradable Polymers Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• Asia-Pacific is anticipated to dominate the biodegradable polymers market over the forecast period due to several key factors driving robust growth in the region. One primary contributor is the rapid industrialization and economic development witnessed in countries like China and India, fostering increased demand for sustainable solutions.
• The packaging industry, a significant consumer of biodegradable polymers, plays a vital role in the region's dominance. With a vast population and rising disposable incomes, there is a substantial demand for sustainable packaging materials. Governments in the Asia-Pacific region are also implementing regulations and initiatives to curb plastic pollution, further accelerating the adoption of biodegradable alternatives.
• The agricultural sector in the region is recognizing the benefits of biodegradable polymers in enhancing sustainable farming practices, providing an additional impetus to market growth. The Asia-Pacific region is becoming a hub for biodegradable polymer production, with increased investments in research and development. The combination of a growing population, expanding economies, changing consumer preferences, and government support positions Asia-Pacific as a key player in the biodegradable polymers market.

Key Players Covered in Biodegradable Polymers Market:

• DuPont de Nemours Inc. (USA)
• NatureWorks LLC (USA)
• Evonik Industries AG (Germany)
• Braskem SA (Brazil)
• BASF SE (Germany)
• Novamont SpA (Italy)
• Koninklijke DSM NV (Netherlands)
• Arkema SA (France)
• Plantic Technologies Ltd. (Australia)
• Toray Industries Inc. (Japan), and Other Major Players

Key Industry Developments in the Biodegradable Polymers Market:

• In April 2024, Lubrizol Life Science Beauty (LLS Beauty) proudly announced the launch of Carbopol® Fusion S-20 polymer, a groundbreaking, inherently biodegradable rheology modifier. Ideal for skin cleansing and hair care, it offers thickening, suspension, and clarity similar to acrylates copolymer while adhering to all 12 Principles of Green Chemistry. Free from GMOs, ethoxylated ingredients, and PEGs, this sustainable polymer provides a smooth, sensory experience and excellent rheology modification benefits. Its low carbon footprint and renewable starch content highlight LLS Beauty's commitment to environmental responsibility.
• In April 2023, NatureWorks launched Ingeo 6500D, extending the application of Ingeo biopolymers to hygiene products. This variant combines strength and softness, catering to the increasing consumer and brand preference for sustainable materials in manufacturing. The introduction addresses the growing demand for eco-friendly solutions in nonwoven applications.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. BIODEGRADABLE POLYMERS MARKET BY TYPE (2017-2032)
   1. BIODEGRADABLE POLYMERS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. POLYLACTIC ACID (PLA)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. POLYHYDROXYALKANOATES (PHA)
   5. POLYBUTYLENE SUCCINATE (PBS)
   6. STARCH BLENDS
7. BIODEGRADABLE POLYMERS MARKET BY PROCESSING METHOD (2017-2032)
   1. BIODEGRADABLE POLYMERS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. INJECTION MOLDING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. EXTRUSION
   5. BLOW MOLDING
8. BIODEGRADABLE POLYMERS MARKET BY APPLICATION (2017-2032)
   1. BIODEGRADABLE POLYMERS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PACKAGING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. AGRICULTURE
   5. TEXTILES
   6. HEALTHCARE
9. LUXURY GOODS MARKET BY END-USER (2017-2032)
   1. LUXURY GOODS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AGRICULTURE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. TEXTILE
   5. HEALTHCARE
   6. CONSUMER GOODS
   7. PACKAGING
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. Luxury Goods Market Share By Manufacturer (2022)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. DUPONT DE NEMOURS INC. (USA)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. NATUREWORKS LLC (USA)
    4. EVONIK INDUSTRIES AG (GERMANY)
    5. BRASKEM SA (BRAZIL)
    6. BASF SE (GERMANY)
    7. NOVAMONT SPA (ITALY)
    8. KONINKLIJKE DSM NV (NETHERLANDS)
    9. ARKEMA SA (FRANCE)
    10. PLANTIC TECHNOLOGIES LTD. (AUSTRALIA)
    11. TORAY INDUSTRIES INC. (JAPAN)
11. GLOBAL BIODEGRADABLE POLYMERS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Processing Method
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By End-User
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. BIODEGRADABLE POLYMER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. BIODEGRADABLE POLYMER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. BIODEGRADABLE POLYMER MARKET COMPETITIVE RIVALRY
TABLE 005. BIODEGRADABLE POLYMER MARKET THREAT OF NEW ENTRANTS
TABLE 006. BIODEGRADABLE POLYMER MARKET THREAT OF SUBSTITUTES
TABLE 007. BIODEGRADABLE POLYMER MARKET BY TYPE
TABLE 008. BIODEGRADABLE PLASTICS MARKET OVERVIEW (2016-2028)
TABLE 009. BIODEGRADABLE RUBBER MARKET OVERVIEW (2016-2028)
TABLE 010. BIODEGRADABLE FIBER MARKET OVERVIEW (2016-2028)
TABLE 011. BIODEGRADABLE POLYMER MARKET BY APPLICATION
TABLE 012. MEDICAL MARKET OVERVIEW (2016-2028)
TABLE 013. PACKAGING AND MATERIALS MARKET OVERVIEW (2016-2028)
TABLE 014. OTHER MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA BIODEGRADABLE POLYMER MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA BIODEGRADABLE POLYMER MARKET, BY APPLICATION (2016-2028)
TABLE 017. N BIODEGRADABLE POLYMER MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE BIODEGRADABLE POLYMER MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE BIODEGRADABLE POLYMER MARKET, BY APPLICATION (2016-2028)
TABLE 020. BIODEGRADABLE POLYMER MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC BIODEGRADABLE POLYMER MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC BIODEGRADABLE POLYMER MARKET, BY APPLICATION (2016-2028)
TABLE 023. BIODEGRADABLE POLYMER MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA BIODEGRADABLE POLYMER MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA BIODEGRADABLE POLYMER MARKET, BY APPLICATION (2016-2028)
TABLE 026. BIODEGRADABLE POLYMER MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA BIODEGRADABLE POLYMER MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA BIODEGRADABLE POLYMER MARKET, BY APPLICATION (2016-2028)
TABLE 029. BIODEGRADABLE POLYMER MARKET, BY COUNTRY (2016-2028)
TABLE 030. BASF: SNAPSHOT
TABLE 031. BASF: BUSINESS PERFORMANCE
TABLE 032. BASF: PRODUCT PORTFOLIO
TABLE 033. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. KINGFA: SNAPSHOT
TABLE 034. KINGFA: BUSINESS PERFORMANCE
TABLE 035. KINGFA: PRODUCT PORTFOLIO
TABLE 036. KINGFA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. MITSUBISHI: SNAPSHOT
TABLE 037. MITSUBISHI: BUSINESS PERFORMANCE
TABLE 038. MITSUBISHI: PRODUCT PORTFOLIO
TABLE 039. MITSUBISHI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. SOLVAY: SNAPSHOT
TABLE 040. SOLVAY: BUSINESS PERFORMANCE
TABLE 041. SOLVAY: PRODUCT PORTFOLIO
TABLE 042. SOLVAY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. TEXTILE: SNAPSHOT
TABLE 043. TEXTILE: BUSINESS PERFORMANCE
TABLE 044. TEXTILE: PRODUCT PORTFOLIO
TABLE 045. TEXTILE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. XINFU PHARMACEUTICAL: SNAPSHOT
TABLE 046. XINFU PHARMACEUTICAL: BUSINESS PERFORMANCE
TABLE 047. XINFU PHARMACEUTICAL: PRODUCT PORTFOLIO
TABLE 048. XINFU PHARMACEUTICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. YANGNONG: SNAPSHOT
TABLE 049. YANGNONG: BUSINESS PERFORMANCE
TABLE 050. YANGNONG: PRODUCT PORTFOLIO
TABLE 051. YANGNONG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. ANQING HEXING: SNAPSHOT
TABLE 052. ANQING HEXING: BUSINESS PERFORMANCE
TABLE 053. ANQING HEXING: PRODUCT PORTFOLIO
TABLE 054. ANQING HEXING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. SHOWA HIGH‐POLYMER: SNAPSHOT
TABLE 055. SHOWA HIGH‐POLYMER: BUSINESS PERFORMANCE
TABLE 056. SHOWA HIGH‐POLYMER: PRODUCT PORTFOLIO
TABLE 057. SHOWA HIGH‐POLYMER: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. BIODEGRADABLE POLYMER MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. BIODEGRADABLE POLYMER MARKET OVERVIEW BY TYPE
FIGURE 012. BIODEGRADABLE PLASTICS MARKET OVERVIEW (2016-2028)
FIGURE 013. BIODEGRADABLE RUBBER MARKET OVERVIEW (2016-2028)
FIGURE 014. BIODEGRADABLE FIBER MARKET OVERVIEW (2016-2028)
FIGURE 015. BIODEGRADABLE POLYMER MARKET OVERVIEW BY APPLICATION
FIGURE 016. MEDICAL MARKET OVERVIEW (2016-2028)
FIGURE 017. PACKAGING AND MATERIALS MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA BIODEGRADABLE POLYMER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE BIODEGRADABLE POLYMER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC BIODEGRADABLE POLYMER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA BIODEGRADABLE POLYMER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA BIODEGRADABLE POLYMER MARKET OVERVIEW BY COUNTRY (2016-2028)