Amid the COVID-19 crisis, the global market for Biodegradable Polymers estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Starch Compounds, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polylactic Acid segment is readjusted to a revised 6.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $344.6 Million, While China is Forecast to Grow at 7.2% CAGR
The Biodegradable Polymers market in the U.S. is estimated at US$344.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$341.1 Million by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
Other Types Segment to Record 7.6% CAGR
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$106.8 Million in the year 2020 will reach a projected size of US$179.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$225.5 Million by the year 2027.We bring years of research experience to this 15th edition of our report. The 217-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- BASF SE
- BIOTEC GmbH & Co. KG
- CJ CheilJedang
- Dow Inc.
- FKuR Kunststoff GmbH
- Futamura Chemical Co. Ltd.
- Japan Corn Starch Co. Ltd.
- Kingfa Sci. & Tech. Co. Ltd.
- Mitsubishi Chemical Corporation
- NatureWorks LLC
- Novamont SpA
- Plantic Technologies Limited
- Rodenburg Biopolymers
- Total Corbion PLA
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Biodegradable Polymers - An Alternate to Conventional Petroleum-based Polymers
Europe Continues to Hold Ground as the Largest Market for Biodegradable Polymers
Concerns over Waste Disposal Turn Focus onto Biodegradable Polymers in North America
Asia-Pacific to Spearhead Future Growth
Compost Bags: The Largest End-Use Application
Production Capacity by Material Type
Recent Market Activity
Improving Economy Signals Market Growth Opportunities
Competitive Landscape
Biodegradable Plastic Brands of Select Manufacturers
Global Competitor Market Shares
Biodegradable Polymers Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
BASF SE (Germany)
BIOTEC GmbH & Co. KG (Germany)
CJ CheilJedang (South Korea)
DowDuPont, Inc. (USA)
FKuR Kunststoff GmbH (Germany)
Futamura Chemical Co. Ltd. (Japan)
Japan Corn Starch Co., Ltd. (Japan)
Kingfa Sci. & Tech. Co., Ltd. (China)
Mitsubishi Chemical Corporation (Japan)
NatureWorks LLC (USA)
Novamont SpA (Italy)
Plantic Technologies Limited (Australia)
Rodenburg Biopolymers (Netherlands)
Total Corbion PLA (Netherlands)
3. MARKET TRENDS & DRIVERS
Growing Moves to Ban Non-Biodegradable Plastics Bags Presents a Huge Opportunity for Biodegradable Polymers Market
Countries with Complete Ban on Plastics Bags
Global Plastic Bag Regulations in Select Nations
Expanding Range of Applications for Biodegradable Polymers Drives Market Growth
Water-Soluble Polymers - Demand on the Rise in Developing Countries
Polylactic Acid (PLA): A Promising Biodegradable Polymer
Developing Economies to Spearhead Future Growth in PLA Market
Packaging Applications Lead PLA Consumption
Challenges Confronting PLA Market
Competitive Scenario
Bio-Polylactic Acid (PLA) Films Market: A High-Growth Market
Starch Blended Biodegradable Polymers Market - Expanding Applications Fuel Growth
Compostable and Biodegradable Plastics Improve Organic Recycling
Industrial Usage of Bio-based, Biodegradable Plastics Increasing
Automakers Move towards Bioplastics to Quell Environmental Concerns: Potential Opportunities for Biodegradable Polymers Market
Automobile Production Trends Influence Demand for Biodegradable Polymers
Trend towards Green Food Packaging Augurs Well for Biodegradable Polymers Market
Green Trend Makes Waves
Nanotechnology to Improve Degradability of Packaging Material
Growing Use of Bioabsorbable Polymers in the Healthcare Space
Biodegradable Polymers in Nano Drugs - A Growing Market
Emergence of Biodegradable Polymeric Drug Delivery Systems Lend Traction
3D Print-Temporary Implants - A Niche Market Beckons
Need for Advanced Vascular Stents Entails Novel Biodegradable Polymers
Biodegradable Circuitry to Address Concerns over Growing E-Waste
Biodegradable Polymers to Replace Conventional Fracking Fluids?
Biodegradable Coatings - On the Horizon
Innovations and R&D Initiatives - Potentia to Transform Biodegradable Polymers Space
Structure of Bacterial Enzyme Capable of Forming Biodegradable Plastics Discovered
Evonik Focuses on Developing Implantable Biodegradable Polymers
MIT Develops Biodegradable Polymers Capable of Delivering Multiple Vaccines in Single Injection
Stanford University to Launch Super-thin Dissolvable Electronic Components
Development of Edible Sensors Capable of Monitoring Food Temperature
UK Researchers Develop Sugar-Based Biodegradable Plastic
Singaporean Scientists Focus on Developing Biodegradable Plastics from Coffee Waste
Mango Materials Tests Bacterial Fermentation Process for Biodegradable Plastics
A1Filament Seeks to Mass Produce Biodegradable Filament Range
Recycling Offers Little Respite to Non-degradable Plastic Wastes
Environmental Concerns of Traditional Plastics Boost Biopolymers Market
Rise of Non-Biodegradable Bioplastics Threatens Growth
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Biodegradable Polymers Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Biodegradable Polymers Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Biodegradable Polymers Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Starch Compounds (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: Starch Compounds (Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: Starch Compounds (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Polylactic Acid (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Polylactic Acid (Type) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Polylactic Acid (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Other Types (Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Other Types (Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Other Types (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Food Packaging, Dishes, Cutlery, & Bags (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 14: Food Packaging, Dishes, Cutlery, & Bags (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 15: Food Packaging, Dishes, Cutlery, & Bags (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Compost Bags (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 17: Compost Bags (Application) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 18: Compost Bags (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Foam Packaging (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
TABLE 20: Foam Packaging (Application) Analysis of Historic Sales in US$ Thousand by Region/Country for the Years 2012 to 2019
TABLE 21: Foam Packaging (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Agriculture & Horticulture (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 23: Agriculture & Horticulture (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 24: Agriculture & Horticulture (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: Paper Coatings (Application) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 26: Paper Coatings (Application) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
TABLE 27: Paper Coatings (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 28: Other Applications (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 29: Other Applications (Application) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
TABLE 30: Other Applications (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Biodegradable Polymers Market Share (in %) by Company: 2018 & 2025
Market Analytics
TABLE 31: United States Biodegradable Polymers Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 32: Biodegradable Polymers Market in the United States by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 33: United States Biodegradable Polymers Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 34: United States Biodegradable Polymers Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027
TABLE 35: Biodegradable Polymers Historic Demand Patterns in the United States by Application in US$ Thousand for 2012-2019
TABLE 36: Biodegradable Polymers Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
TABLE 37: Canadian Biodegradable Polymers Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 38: Canadian Biodegradable Polymers Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 39: Biodegradable Polymers Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
TABLE 40: Canadian Biodegradable Polymers Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 41: Biodegradable Polymers Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 42: Canadian Biodegradable Polymers Market Share Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
TABLE 43: Japanese Market for Biodegradable Polymers: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 44: Biodegradable Polymers Market in Japan: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 45: Japanese Biodegradable Polymers Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 46: Japanese Demand Estimates and Forecasts for Biodegradable Polymers in US$ Thousand by Application: 2020 to 2027
TABLE 47: Japanese Biodegradable Polymers Market in US$ Thousand by Application: 2012-2019
TABLE 48: Biodegradable Polymers Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
TABLE 49: Chinese Biodegradable Polymers Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 50: Biodegradable Polymers Historic Market Analysis in China in US$ Thousand by Type: 2012-2019
TABLE 51: Chinese Biodegradable Polymers Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 52: Chinese Demand for Biodegradable Polymers in US$ Thousand by Application: 2020 to 2027
TABLE 53: Biodegradable Polymers Market Review in China in US$ Thousand by Application: 2012-2019
TABLE 54: Chinese Biodegradable Polymers Market Share Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Biodegradable Polymers Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
TABLE 55: European Biodegradable Polymers Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 56: Biodegradable Polymers Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 57: European Biodegradable Polymers Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 58: European Biodegradable Polymers Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 59: Biodegradable Polymers Market in Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 60: European Biodegradable Polymers Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 61: European Biodegradable Polymers Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 62: Biodegradable Polymers Market in Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 63: European Biodegradable Polymers Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
TABLE 64: Biodegradable Polymers Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 65: French Biodegradable Polymers Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 66: French Biodegradable Polymers Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 67: Biodegradable Polymers Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027
TABLE 68: French Biodegradable Polymers Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 69: French Biodegradable Polymers Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
TABLE 70: Biodegradable Polymers Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 71: German Biodegradable Polymers Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 72: German Biodegradable Polymers Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 73: Biodegradable Polymers Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027
TABLE 74: German Biodegradable Polymers Market in Retrospect in US$ Thousand by Application: 2012-2019
TABLE 75: Biodegradable Polymers Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
TABLE 76: Italian Biodegradable Polymers Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 77: Biodegradable Polymers Historic Market Analysis in Italy in US$ Thousand by Type: 2012-2019
TABLE 78: Italian Biodegradable Polymers Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
TABLE 79: Italian Demand for Biodegradable Polymers in US$ Thousand by Application: 2020 to 2027
TABLE 80: Biodegradable Polymers Market Review in Italy in US$ Thousand by Application: 2012-2019
TABLE 81: Italian Biodegradable Polymers Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 82: United Kingdom Market for Biodegradable Polymers: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 83: Biodegradable Polymers Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 84: United Kingdom Biodegradable Polymers Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 85: United Kingdom Demand Estimates and Forecasts for Biodegradable Polymers in US$ Thousand by Application: 2020 to 2027
TABLE 86: United Kingdom Biodegradable Polymers Market in US$ Thousand by Application: 2012-2019
TABLE 87: Biodegradable Polymers Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 88: Rest of Europe Biodegradable Polymers Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 89: Biodegradable Polymers Market in Rest of Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 90: Rest of Europe Biodegradable Polymers Market Share Breakdown by Type: 2012 VS 2020 VS 2027
TABLE 91: Rest of Europe Biodegradable Polymers Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 92: Biodegradable Polymers Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019
TABLE 93: Rest of Europe Biodegradable Polymers Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 94: Biodegradable Polymers Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 95: Asia-Pacific Biodegradable Polymers Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 96: Asia-Pacific Biodegradable Polymers Market Share Analysis by Type: 2012 VS 2020 VS 2027
TABLE 97: Biodegradable Polymers Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027
TABLE 98: Asia-Pacific Biodegradable Polymers Historic Market Review in US$ Thousand by Application: 2012-2019
TABLE 99: Asia-Pacific Biodegradable Polymers Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
REST OF WORLD
TABLE 100: Rest of World Biodegradable Polymers Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 101: Rest of World Biodegradable Polymers Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 102: Biodegradable Polymers Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
TABLE 103: Rest of World Biodegradable Polymers Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 104: Biodegradable Polymers Market in Rest of World: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019
TABLE 105: Rest of World Biodegradable Polymers Market Share Analysis by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 73
