Biodegradable Polymers Market: By Type (Starch-based Plastics, Polylactic Acid, Polyhydroxy Alkenoates, Polyesters, and Cellulose Derivatives, and Others) By Application (Packaging & Bags, Consumer Goods, Agriculture & Horticulture, Textile, and Others), and Geography

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Biodegradable Polymers Market size was valued at USD 9,235.4 million in 2022 and is expected to grow at a 23.1% CAGR from 2023 to 2029. Biodegradable polymers are the polymers which are degradable in nature, which breakdown into smaller molecules with the action of microorganism. Biodegradable polymers are less toxic, and have lesser side effects when compared to non-biodegradable polymers. The biodegradable polymers help in improve patient compliance and maintains drug stabilization. The rising demand for biodegradable polymers in applications like hygiene products, shale gas industry, and in fishing gears are expected to provide opportunity to the key market players in the growth of biodegradable polymer market over the forecasted period. Protection of environment from non-decomposable plastics, and an optimistic contribution in the preservation of natural resources are the key driving factors in the growth of biodegradable polymers market.In addition, the growing packaging industries and adoption of biodegradable plastics in their packaging is expected to boost the growth of biodegradable polymers market over the forecasted period. Furthermore, the inclination towards the eco-friendly packaging materials in textile industry and packaging industry is expected to further aid the growth of biodegradable polymers market. In addition, increasing demand for biodegradable plastics in agriculture sector like plant pots, containers, bags for fertilizers are expected to have a positive effect on the growth of market.However, the cost of production of biodegradable polymers are higher when compared to petroleum-based polymers and it is observed that some of the biodegradable polymers when decomposed, produces methane in the landfills which is expected to have a negative impact on the market and expected to hinder the growth of biodegradable polymers market over the forecasted years. Geographically, Europe region held the major market share in 2022 and is expected to dominate the global biodegradable polymers market in the forecasted years.

Biodegradable Polymers Market Key Developments:
In March 2022, Solvay launched biodegradable guar-based polymers for beauty care.
In September 2019, Clariant launched new organic pigments for the biodegradable plastics.

Biodegradable Polymers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

23.1%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Biodegradable Polymers Market Dynamics

Biodegradable polymers market is expected to grow over the forecasted period due to the increasing environmental consciousness among the public, and a positive vision in conservation of natural resources influences the demand for sustainable and lowering impact on environment which drives the biodegradable polymers market growth. The increase in issues related to non-decomposable plastics has boosted the need of an alternative material like is biodegradable polymers. Furthermore, the inclination towards the eco-friendly packaging materials in textile industry and packaging industry is expected to further aid the growth of biodegradable polymers market. However, the high cost on manufacturing and emission of methane when decomposed are expected to hinder the market growth over the forecasted period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Biodegradable Polymers Market Segmentation

By Type
  • Starch-based Plastics
  • Polylactic Acid
  • Polyhydroxy Alkenoates
  • Polyesters
  • Cellulose Derivatives
  • Others
By Application
  • Packaging & Bags
  • Consumer Goods
  • Agriculture & Horticulture
  • Textile
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
LOCATION

Geography

Frequently Asked Questions

Biodegradable Polymers market was valued at USD 9,235.4 million in 2022, and is expected to grow at a 23.1%CAGR from 2023 to 2029

Europe region is expected to have largest market share in the forecasted years followed by Asia Pacific region.

The leading players in the global Biodegradable Polymers market are Arkema SA, BASF SE, Braskem SA, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM NV, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd., Toray Industries Inc.

High manufacturing cost of biodegradable polymers is expected to hinder the market growth over the forecasted years.

1.Executive Summary
2.Global Biodegradable Polymers Market Introduction 
2.1.Global Biodegradable Polymers Market  - Taxonomy
2.2.Global Biodegradable Polymers Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3.Global Biodegradable Polymers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Biodegradable Polymers Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Biodegradable Polymers Market  By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Starch-based Plastics
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Polylactic Acid
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Polyhydroxy Alkenoates
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Polyesters
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Cellulose Derivatives
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Biodegradable Polymers Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Packaging & Bags
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Consumer Goods
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Agriculture & Horticulture
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Textile
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Biodegradable Polymers Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Starch-based Plastics
8.1.2.Polylactic Acid
8.1.3.Polyhydroxy Alkenoates
8.1.4.Polyesters
8.1.5.Cellulose Derivatives
8.1.6.Others
8.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Packaging & Bags
8.2.2.Consumer Goods
8.2.3.Agriculture & Horticulture
8.2.4.Textile
8.2.5.Others
8.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Starch-based Plastics
9.1.2.Polylactic Acid
9.1.3.Polyhydroxy Alkenoates
9.1.4.Polyesters
9.1.5.Cellulose Derivatives
9.1.6.Others
9.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Packaging & Bags
9.2.2.Consumer Goods
9.2.3.Agriculture & Horticulture
9.2.4.Textile
9.2.5.Others
9.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
9.3.7.
10.Asia Pacific (APAC) Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Starch-based Plastics
10.1.2.Polylactic Acid
10.1.3.Polyhydroxy Alkenoates
10.1.4.Polyesters
10.1.5.Cellulose Derivatives
10.1.6.Others
10.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Packaging & Bags
10.2.2.Consumer Goods
10.2.3.Agriculture & Horticulture
10.2.4.Textile
10.2.5.Others
10.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Starch-based Plastics
11.1.2.Polylactic Acid
11.1.3.Polyhydroxy Alkenoates
11.1.4.Polyesters
11.1.5.Cellulose Derivatives
11.1.6.Others
11.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Packaging & Bags
11.2.2.Consumer Goods
11.2.3.Agriculture & Horticulture
11.2.4.Textile
11.2.5.Others
11.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Biodegradable Polymers Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Starch-based Plastics
12.1.2.Polylactic Acid
12.1.3.Polyhydroxy Alkenoates
12.1.4.Polyesters
12.1.5.Cellulose Derivatives
12.1.6.Others
12.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Packaging & Bags
12.2.2.Consumer Goods
12.2.3.Agriculture & Horticulture
12.2.4.Textile
12.2.5.Others
12.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Arkema SA
13.2.2.BASF SE
13.2.3.Braskem SA
13.2.4.DuPont de Nemours Inc.
13.2.5.Evonik Industries AG
13.2.6.Koninklijke DSM NV
13.2.7.NatureWorks LLC
13.2.8.Novamont SpA
13.2.9.Plantic Technologies Ltd.
13.2.10.Toray Industries Inc.
14. Research Methodology 
15. Appendix and Abbreviations 
  • Arkema SA
  • BASF SE
  • Braskem SA
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Koninklijke DSM NV
  • NatureWorks LLC
  • Novamont SpA
  • Plantic Technologies Ltd.
  • Toray Industries Inc.

Adjacent Markets