Biodegradable Polymers Market Predicted Double-Digit Growth Rate by 2024

Biodegradable Polymers Market
Biodegradable Polymers Market

Zion Market Research, the market research group announced the analysis report titled “Biodegradable Polymers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024″

The polymer which undergoes a significant change in the chemical structure under specific environmental conditions is termed as the biodegradable polymer. Characteristics of biodegradable polymers such as permeability, non-toxicity, high tensile, mechanical strength, and controlled rate of degradation make them highly effective in performance and a reliable source. Degradation process of the biodegradable polymer includes various ecological or chemical processes such as enzymatic degradation, hydrolysis combination, and surface erosion.

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Biodegradable polymers are segmented based on their structure and occurrence. Based on the structure, the global biodegradable polymers market is classified as agro-polymers and biopolymers. Further, the agro-polymers segment is divided as polysaccharides, protein, collagen, gelatin, and gluten. The biopolymer segment is classified as polyhydroxy butyrate and polylactic acid, which are obtained by microbial and conventional synthesis. The end-use of the biodegradable polymers products are agriculture, textiles, healthcare, packaging, and electronics sectors.

Growing industrialization and standardization of the packaging procedures and high implementation of biodegradable polymer is driving the market. The inclination towards eco-friendly materials in packaging industries as well as textiles are the driving factors of the biodegradable polymers market. Sustainable, recyclable, and nontoxic are the key elements for driving the consumer preference towards the biopolymer materials, thus boosting the growth of the biodegradable polymers market. Moreover, rising urbanization and lifestyle, health and environment awareness, and consumer preferences towards fresh and ready meals along with convenient packaging style are the vital factors impacting the growth of the global market positively. Increasing investment for this packaging revolution is leading the demand for the biodegradable polymer. High demand for biodegradable products in the agriculture sector for films, plant pots, containers, and storage bags for fertilizers and chemicals is also an important end-user segment responsible for rising the demand of biodegradable polymers. High demand for biodegradable compounded in cosmetics, food, and beverages, as well as continuous efforts of the manufacturer to expand the range of quality products and technologies, are the main drivers of the biodegradable polymers market. Wide application of biodegradable polymers in biomedical sectors as blood bags, catheters, syringes, and artificial organs are also fostering the demand for the biodegradable polymer.

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Geographically, Europe is leading the global biodegradable polymers market due to high demand from packaging industry and various establishments of various manufacturing units. Further, North America stands second in the market rankings due to significant growth of the polymer industries in the region.

Some of the major players dominating the global biodegradable polymers market are BASF, Bio Corp. Inc., Biomer, Earthshell Corporation, Plaxica, Cereplast, Innovia Films Pvt. Ltd., Metabolix, Pyramid Bioplastics, Danimer Scientific, Galactic SA, Natureworks LLC, Polyone, Fkur Plastics Corp., and Purac America.

Biodegradable Polymers Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa

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About allan 819 Articles
Allan Leonetti is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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