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The Global Biodegradable Polymers Market - Growth, COVID-19 impact and Forecast (2021-2025)

The Biodegradable Polymers market is segmented by Types (Starch-based, PLA, PBAT, PBS, PHA and Others); End-user (Packaging, Agriculture, Consumer Goods and Others); Geography (North America, Europe, APAC and ROW).

Introduction
  • Biodegradable polymers are bio-based or synthetic polymers, which decompose to carbon dioxide, nitrogen, water, biomass, and inorganic salts under the action of microorganisms in industrial or municipal compost facilities.


  • Factors such as increased demand for eco-friendly packaging solutions, favourable government policies to reduce the use of petroleum-based polymers, emphasis on efficient plastic waste management or plastic disposal are anticipated to fuel the demand for biodegradable  polymers market


  • Despite the current pandemic situation, the end-users of this market is recovering to operate in full capacities from 2021 beginning. Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.

Table of Contents
Market Overview
  • The Global biodegradable polymers market is expected to grow to $6,036.50 million by 2025

  • Growth momentum is expected to accelerate during the forecast period with 11.45% CAGR

  • Growing demand for the reusable and environmentally friendly packaging solutions, increasing use of biodegradable polymers in agriculture are anticipated to fuel the market growth.

  • Europe is a prominent regional market due to the high awareness among people toward plastic waste coupled with European Union ban on single-use plastics

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Key Trends
  • Emergence of bio-based raw ingredients such as derivatives of biomass and crop vegetables is expected to be majorly responsible for boosting biodegradable polymers market.


  • Increasing use of degradable polymeric biomaterials for biomedical applications has opened new opportunities for the overall market.

Key Market Players
  • Some of the key players in the market are BASF, NatureWorks, Mitsubishi Chemical Corporation, Biome Technologies, Total Corbion, Cereplast.

  • Competition in the market varies from medium to high from region to region. The key players are adopting modern and environmentally safe technologies to customize the product, enhance its properties, and differentiate the final product from its competitors.

  • Also, they are investing in research and development to introduce novel biodegradable plastic products, which are strong and readily degradable in the natural environment.

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Growth Drivers and Challenges
  • Increasing the use of biodegradable polymers in packaging and agriculture is anticipated to drive the market growth.


  • Shift in consumer preference toward eco-friendly plastic products


  • Increasing environmental concern is compelling the governments of various countries to support the production of eco-friendly biodegradable polymers which is driving the market growth


  • Despite environmental advantages, biodegradable polymers also have some shortcomings. Segregation of conventional plastics and biodegradable plastic is a big drawback as there is no distinct difference between them.


  • Not all biodegradable polymers readily decompose in the natural environment, as they require a specific environment in terms of moisture and temperature.


  • Higher cost of biodegradable plastics than that of conventional plastics

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