Biodegradable Polymers Market | Growth, Trends, and Forecast (2019

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for biodegradable polymers is anticipated to register a CAGR of 20.25% during the forecast period (2019-2024). Biodegradable polymers are advantageous over non-biodegradable polymers, as they are less toxic, have lesser side effects, help improve patience compliance, and maintains the stabilization of the drug.

Preference toward eco-friendly polymers to preserve environment and non-toxic nature of biodegradable polymers is augmenting the growth of the market.
Higher price compared to petroleum-based polymers and low awareness in low income countries is likely to hinder the market growth.
Biodegradable plastics are increasingly finding usage in niche applications, such as in the shale gas industry (where they are used during hydro-fracking), hygiene products, and in fishing gears, among other applications. These are projected to act as an opportunity for the market, in the future.

Scope of the Report

The biodegradable polymers market report includes:

Type
		Starch-based Plastics
		Poly Lactic Acid (PLA)
		PolyHydroxy Alkanoates (PHA)
		Polyesters (PBS, PBAT, and PCL)
		Cellulose Derivatives

Application
		Agriculture
		Textile
		Electronics
		Packaging
		Healthcare
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

Rest of World
	Brazil
	Saudi Arabia
	Rest of the World

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Key Market Trends

Increasing Demand from the Packaging Industry

Biodegradable polymers are used in rigid packaging of bottles, containers, blister packaging, etc., as they do not have adverse effects on the environment. The most important challenge for many food and beverages companies is to extend shelf-life by improving the packaging.
The major bio-degradable polymers, which are used in rigid packaging, include PLA and PHA/PBS. They are also used in making trays for frozen food, containers for dry cosmetics, such as face powders and eye shadow, disposable cups, and plates, among others.
The increasing intervention of Food and Drug Administration (FDA) and related organizations, in terms of food safety, is promoting the usage of bio-degradable and food grade polymers for beverage and snack packaging.
Moreover, the consumption of bio-degradable polymers in making bottles and containers is increasing across the world. The production of bottles and containers is more in China, since it is the manufacturing hub for major products. Hence, the consumption of bioplastics is expected to increase during the forecast period.
They are used in packaging films for food items, medicines, and beverage bottles, and in packaging of non-food products, such as napkins and tissues, toilet paper, nappies, sanitary towels, cardboard and coat paper for food wrapping paper, coated cardboards to make cups, plates, and so on.
All the aforementioned factors are expected to drive the global market during the forecast period.

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Asia- Pacific Region to Dominate the Market

In the Asia-Pacific region, countries, such as China and India, dominate the market.
China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, and so on, have the highest growth in the electronics segment. With the increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the biopolymers market.
The Indian bio-degradable polymers market is still in its nascent stage, with the presence of few number of players in the market. Comparatively, lower awareness and less stringent regulations related to environment quality plague the growth of the biopolymer industry in the country. However, with increasing pollution-related issues in cities, like Delhi and Mumbai, people are being aware of the importance of using eco-friendly products.
Japan has been active in the innovation and development of biopolymers, in order to develop diversified applications of bio-degradable polymers in various industries where plastics are used. Japan, known to be the world’s largest innovative country, is a forerunner in technological advancement. The country serves as the third-largest automotive producer, and has one of the largest electronics goods industry.
Electrical and electronics manufacturing is one of the most prominent sectors in the ASEAN region. The sector accounts for nearly 30-35% of the total exports of the region. Thailand, Malaysia, and Vietnam are the key manufacturing hubs for electrical and electronics products in the global market.

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Competitive Landscape

The biodegradable polymers market is partially fragmented. In terms of market share, no single player holds a major share, and are currently involved in the manufacturing of only few products. Key players in the biodegradable polymers market include BASF SE, BIOTEC GmbH & Co., Cardia Bio Plastics Limited, Cortec Group, DowDuPont, Merck, Mitsubishi Chemical Corporation, NatureWorks LLC, and Novamont SpA, among others.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Preference toward Eco-friendly Polymers to Preserve Environment
  2. 4.1.2 Regulation on Non-degradable Polymers in Many Countries
  3. 4.1.3 Increasing Consumer Awareness in Developed and Developing Nations
  4. 4.1.4 Non-toxic Nature of Biodegradable Polymers
2. 4.2 Restraints
  1. 4.2.1 Higher Price Compared to Petroleum-based polymers
  2. 4.2.2 Low Awareness in Low Income Countries
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porters Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Type
  1. 5.1.1 Starch-based Plastics
  2. 5.1.2 Poly Lactic Acid (PLA)
  3. 5.1.3 PolyHydroxy Alkanoates (PHA)
  4. 5.1.4 Polyesters (PBS, PBAT, and PCL)
  5. 5.1.5 Cellulose Derivatives
2. 5.2 Application
  1. 5.2.1 Agriculture
  2. 5.2.2 Textile
  3. 5.2.3 Electronics
  4. 5.2.4 Packaging
  5. 5.2.5 Healthcare
  6. 5.2.6 Other Applications
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Rest of Europe
  4. 5.3.4 Rest of World
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Saudi Arabia
    3. 5.3.4.3 Rest of the World
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 BASF SE
  2. 6.4.2 BIOTEC GmbH & Co.
  3. 6.4.3 Cardia Bioplastics Limited
  4. 6.4.4 Corbion Purac
  5. 6.4.5 Cortec Group
  6. 6.4.6 DowDuPont
  7. 6.4.7 FKuR Kunststoff GmbH
  8. 6.4.8 FP International
  9. 6.4.9 Innovia Films
  10. 6.4.10 Japan Corn Starch Co. Ltd
  11. 6.4.11 Kingfa Sci. & Tech. Co. Ltd
  12. 6.4.12 Merck
  13. 6.4.13 Metabolix Inc.
  14. 6.4.14 Mitsubishi Chemical Corporation
  15. 6.4.15 NatureWorks LLC
  16. 6.4.16 Novamont SpA
  17. 6.4.17 Purac
  18. 6.4.18 Rodenburg Biopolymers
  19. 6.4.19 Showa Denko KK
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Increasing Applications of Bio-degradable Plastics
2. 7.2 Increasing Research in Drug Delivery
3. 7.3 Rising Regulations in Emerging Countries

**Subject to Availability