PUBLISHER: BCC Research | PRODUCT CODE: 1099258
PUBLISHER: BCC Research | PRODUCT CODE: 1099258
The global market of biodegradable polymers should grow from $3.7 billion in 2022 to $9.5 billion in 2027, at a compound annual growth rate (CAGR) of 20.6 % during the forecast period of 2022 through 2027.
The global market of biodegradable polymers in packaging application should grow from $2.6 billion in 2022 to $6.4 billion in 2027, at a CAGR of 20.0% during the forecast period of 2022 through 2027.
The global market of biodegradable polymers in medical application should grow from $203.1 million in 2022 to $575.4 million in 2027, at a CAGR of 23.2% during the forecast period of 2022 through 2027.
Controversy within the industry as to which materials should be considered biodegradable continues. Biodegradable currently includes polyolefin-based compositions containing starch and polymers containing aromatic groups that microorganisms have difficulty metabolizing.
Additives convert petroleum-based resins to biodegradable versions. The resultant resins are oxo-biodegradable.
Part of the current debate revolves around defining an acceptable period for biodegradation to be completed. Almost all carbon-based materials are biodegradable if given enough time.
This report includes polymers that producers market as fully biodegradable. Most define a fully-biodegradable polymer as a polymer that is completely converted by microorganisms into carbon dioxide, water and humus.
In the case of anaerobic biodegradation, carbon dioxide, methane and humus are the degradation products. However, many within the industry insist on a period for degradation such that the terms biodegradable and compostable are not synonymous.
The issue concerning biodegradable versus compostable resins is a very important issue that is discussed in detail. Polymers derived from renewable resources (non-petroleum-based) are not covered unless considered biodegradable; many polymers derived from renewable resources are not biodegradable. These materials are often termed biobased. Some polymers are both bio-based and biodegradable.
The scope of the report covers the overview and clear understanding of the global market scenario for biodegradable polymers and the analysis of global market trends, with market data from 2021, considering 2021 as the base year and estimates for 2021 to 2027 with projection of the compound annual growth rate (CAGR) during the forecast period.
This report covers the chemical types of biodegradable polymers: properties, production, producers and applications. Definitions and standards, market drivers, biodegradation testing, environmental issues, composting and relevant technologies will also be discussed.
Different chemical types of biodegradable polymers considered in this report are polylactic acid (PLA), starch-based and polyhydroxyalkanoates (PHA). Qualitative analysis of protein-based products, biodegradable polymers from soybeans, genetically modified (GM) biodegradable polymers and oxo-biodegradable polymers are also covered in the report. This report further includes a discussion of the application of biodegradable polymers such as packaging, fibers/fabrics, agriculture, medical, food service, electrical and electronics and automotive, among others.
This report concludes with a special focus on the competitive landscape, key strategies adopted by manufacturers and detailed profiles of major manufacturers, product offerings, strategies (including trade names) and impact on the market