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Biodegradable Polymers: Global Markets and Technologies

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    Report

  • 99 Pages
  • June 2024
  • Region: Global
  • BCC Research
  • ID: 5319361
The global market volumes of biodegradable polymers is expected to grow from 1,286.0 kilotons in 2023 and is projected to reach 4,140.0 kilotons by the end of 2029, at a compound annual growth rate (CAGR) of 26.3% during the forecast period of 2023 to 2028.

Report Scope

This report will include details about various types of biodegradable polymers and end-use industries for biodegradable polymer products. Estimated volumes are based on manufacturers’ total production. Projected volume is in kilotons, unadjusted for inflation. The report includes comprehensive information regarding the biodegradable polymer industry and its end users.

The global biodegradable polymers market is segmented into the following categories:
  • Type (PLA, starch blends, PBAT, PHA, cellulose films and PBS).
  • End-use (packaging, fibers, agriculture, medical, electrical and electronics, automotive and others).
  • Region (North America, Europe, Asia-Pacific, South America and Middle East and Africa).

Report Includes

  • 44 data tables and 53 additional tables
  • An analysis of the global markets for biodegradable polymers
  • Analyses of the global market trends, with market data in volumetric terms for 2022, estimates for 2023, forecasts for 2027 and 2028, and projected CAGRs through 2028
  • Estimate of the current market size in volumetric terms, and a market share analysis based on polymer type, end use industry and region
  • Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies and trends, industry regulations, and the global supply chain
  • Discussion on modes of degradation of biodegradable polymers and effect of environmental exposure conditions and polymer structure on biodegradation
  • Coverage of recent developments in the industry, including R&D activity and new products
  • An analysis of recent patent activity
  • Overview of the sustainability trends and ESG developments, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
  • Analysis of the competitive landscape, including major vendors’ market shares, M&A activity, and venture funding outlook
  • Profiles of the leading market players, including Biome Bioplastics, Danimer Scientific, Mitsubishi Chemical Group Corp., Sulzer Ltd., and TotalEnergies Corbion

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Market Definition
  • Factors Affecting the Choice to Use Biodegradable Polymers
  • Importance of Biodegradable Polymers
Chapter 3 Market Dynamics
  • Market Dynamics Snapshot
  • Drivers
  • Increasing Consumption of Biodegradable Polymers in Packaging
  • Growing Investments for Innovative Biodegradable Polymers
  • Restraints
  • Fluctuations in Raw Material Prices
  • Opportunities
  • Government Policies Supportive of Biodegradable Polymers
  • Opportunities for Medical Application
  • Challenges
  • Lack of Awareness in Emerging and Underdeveloped Countries
  • Unorganized Fiber Market
Chapter 4 Regulatory Landscape
  • Regulatory Bodies in the Global Biodegradable Polymers Market
Chapter 5 Emerging Technologies and Developments
  • Newest Technology
  • Sustainable Biodegradable Polymers Production Process
  • Biodegradable Polymers in Biomedical Products
  • Patent Analysis
  • Patent Analysis Based on Country of Origin
  • Patent Analysis Based on Year
  • Patent Analysis Based on Type
  • Patent Analysis Based on Patents Filed by Different Applicants
Chapter 6 Supply Chain Analysis and Logistics
  • Supply Chain Analysis of the Biodegradable Polymers Market
  • Manufacturer
Chapter 7 Market Segmentation Analysis
  • Segmentation Breakdown
  • Market Analysis by Type
  • PLA
  • Starch Blends
  • PBAT
  • PHA
  • Cellulose Films
  • PBS
  • Market Analysis by End-Use Industries
  • Packaging
  • Fibers
  • Agriculture
  • Medical
  • Electrical and Electronics
  • Automotive
  • Others
  • Geographic Breakdown
  • Market Analysis by Region
  • Asia-Pacific
  • Europe
  • North America
  • South America
  • Middle East and Africa
Chapter 8 Competitive Intelligence
  • Global Biodegradable Polymers Market: Market Share
  • Strategic Analysis
  • Mergers & Acquisitions and Venture Funding
Chapter 9 Sustainability in Global Biodegradable Polymers Market: An ESG Perspective
  • Importance of ESG in the Global Biodegradable Polymers Market
  • ESG Ratings and Metrics: Understanding the Data
  • ESG Practices in the Global Biodegradable Polymers Markets
  • Current Status of ESG in the Global Biodegradable Polymers Market
  • Risk Scale, Exposure Scale and Management Scale
  • Future of ESG: Emerging Trends and Opportunities
  • Advancements in Biodegradable Polymers
  • Concluding Remarks
Chapter 10 Appendix
  • Methodology
  • Information Sources
  • Acronyms
  • References
  • Company Profiles
  • BASF SE
  • Biome Bioplastics
  • Biotec Biologische Naturverpackungen Gmbh & Co. Kg.
  • Cardia Bioplastics
  • Danimer Scientific
  • Dsm
  • Evonik Industries Ag
  • Fkur
  • Mitsubishi Chemical Group Corp.
  • Natureworks Llc.
  • Novamont S.P.A.
  • Sulzer Ltd.
  • Toray Industries Inc.
  • Totalenergies Corbion
  • Zhejiang Hisun Biomaterials Co. Ltd.
List of Tables
Summary Table: Global Market Volumes of Biodegradable Polymers, by Region, Through 2028
Table 1: Factors Affecting Biodegradable Polymers
Table 2: Regulatory Bodies in the Global Biodegradable Polymers Market, 2024
Table 3: Features of Ingeo Technology
Table 4: Patents Related to Biodegradable Polymers, by Country of Origin, January 2021-March 2024
Table 5: Patents Related to Biodegradable Polymers, by Year, January 2021-March 2024
Table 6: Patents Related to Biodegradable Polymers, by Type, January 2021-March 2024
Table 7: Patents Related to Biodegradable Polymers, by Company, January 2021-March 2024
Table 8: List of Key Patents Involving Biodegradable Polymers, January 2021 to July 2023
Table 9: Global Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 10: Global Market Volumes of PLA-based Biodegradable Polymers, by Region, Through 2028
Table 11: Starch Granule Properties
Table 12: Global Market Volumes of Starch Blends-Based Biodegradable Polymers, by Region, Through 2028
Table 13: Global Market Volumes of PBAT-Based Biodegradable Polymers, by Region, Through 2028
Table 14: Global Market Volumes of PHA-Based Biodegradable Polymers, by Region, Through 2028
Table 15: Key End Uses of Cellulose-Based Biodegradable Polymers
Table 16: Global Market Volumes of Cellulose-Based Biodegradable Polymers, by Region, Through 2028
Table 17: Global Market Volumes of PBS-Based Biodegradable Polymers, by Region, Through 2028
Table 18: Global Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 19: Global Market Volumes of Biodegradable Polymers in Packaging Industry, by Region, Through 2028
Table 20: Global Market Volumes of Biodegradable Polymers in Textile Fibers, by Region, Through 2028
Table 21: Global Market Volumes of Biodegradable Polymers in Agriculture Industry, by Region, Through 2028
Table 22: Global Market Volumes of Biodegradable Polymers in Medical Sector, by Region, Through 2028
Table 23: Global Market Volumes of Biodegradable Polymers in Electrical and Electronics, by Region, Through 2028
Table 24: Global Market Volumes of Biodegradable Polymers in Automotive Industry, by Region, Through 2028
Table 25: Global Market Volumes of Biodegradable Polymers in Other End-Use Industries, by Region, Through 2028
Table 26: Global Market Volumes of Biodegradable Polymers, by Region, Through 2028
Table 27: Asia-Pacific Market Volumes of Biodegradable Polymers, by Country, Through 2028
Table 28: Asia-Pacific Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 29: Asia-Pacific Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 30: European Market Volumes of Biodegradable Polymers, by Country, Through 2028
Table 31: European Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 32: European Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 33: North American Market Volumes of Biodegradable Polymers, by Country, Through 2028
Table 34: North American Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 35: North American Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 36: South American Market Volumes of Biodegradable Polymers, by Country, Through 2028
Table 37: South American Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 38: South American Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 39: Middle Eastern and African Market Volumes of Biodegradable Polymers, by Country, Through 2028
Table 40: Middle Eastern and African Market Volumes of Biodegradable Polymers, by Type, Through 2028
Table 41: Middle Eastern and African Market Volumes of Biodegradable Polymers, by End-Use Industries, Through 2028
Table 42: Company Rankings in the Global Market, 2022
Table 43: M&As in the Global Biodegradable Polymers Market, 2021-2023
Table 44: ESG Ratings and Metrics
Table 45: ESG Circular Economy Issue Analysis
Table 46: ESG Employee Safety and Labor Practices Issue Analysis
Table 47: ESG Sustainability and Supply Chain Issue Analysis
Table 48: ESG Diversity and Recycling Issue Analysis
Table 49: Score Card of ESG Scores of Companies
Table 50: Risk Scale, Exposure Scale and Management Scale
Table 51: Acronyms Used in Global Biodegradable Polymers Market Report
Table 52: BASF SE: Company Snapshot
Table 53: BASF SE: Financial Performance, FY 2022 and 2023
Table 54: BASF SE: Product Portfolio
Table 55: BASF SE: News/Key Developments, 2023
Table 56: Biome Bioplastics: Company Snapshot
Table 57: Biome Bioplastics: Product Portfolio
Table 58: Biotec Biologische Naturverpackungen GmbH & Co. KG.: Company Snapshot
Table 59: Biotec Biologische Naturverpackungen GmbH & Co. KG.: Product Portfolio
Table 60: Cardia Bioplastics: Company Snapshot
Table 61: Cardia Bioplastics: Product Portfolio
Table 62: Danimer Scientific: Company Snapshot
Table 63: Danimer Scientific: Financial Performance, FY 2022 and 2023
Table 64: Danimer Scientific: Product Portfolio
Table 65: Danimer Scientific: News/Key Developments, 2021-2023
Table 66: DSM: Company Snapshot
Table 67: DSM: Financial Performance, FY 2021 and 2022
Table 68: DSM: Product Portfolio
Table 69: Evonik Industries AG: Company Snapshot
Table 70: Evonik Industries AG: Financial Performance, FY 2022 and 2023
Table 71: Evonik Industries AG: Product Portfolio
Table 72: FKuR: Company Snapshot
Table 73: FKuR: Product Portfolio
Table 74: FKuR: News/Key Developments, 2021
Table 75: Mitsubishi Chemical Group Corp.: Company Snapshot
Table 76: Mitsubishi Chemical Group Corp.: Financial Performance, FY 2021 and 2022
Table 77: Mitsubishi Chemical Group Corp.: Product Portfolio
Table 78: Mitsubishi Chemical Group Corp.: News/Key Developments, 2022
Table 79: NatureWorks LLC.: Company Snapshot
Table 80: NatureWorks LLC.: Product Portfolio
Table 81: NatureWorks LLC.: News/Key Developments, 2023
Table 82: Novamont S.p.A.: Company Snapshot
Table 83: Novamont S.p.A.: Product Portfolio
Table 84: Novamont S.p.A.: News/Key Developments, 2023
Table 85: Sulzer Ltd.: Company Snapshot
Table 86: Sulzer Ltd.: Financial Performance, FY 2022 and 2023
Table 87: Sulzer Ltd.: Product Portfolio
Table 88: Sulzer Ltd.: News/Key Developments, 2023
Table 89: Toray Industries Inc.: Company Snapshot
Table 90: Toray Industries Inc.: Financial Performance, FY 2021 and 2022
Table 91: Toray Industries Inc.: Product Portfolio
Table 92: TotalEnergies Corbion: Company Snapshot
Table 93: TotalEnergies Corbion: Financial Performance, FY 2021 and 2022
Table 94: TotalEnergies Corbion: Product Portfolio
Table 95: Zhejiang Hisun Biomaterials Co. Ltd.: Company Snapshot
Table 96: Zhejiang Hisun Biomaterials Co. Ltd.: Product Portfolio
List of Figures
Summary Figure: Global Market Volumes of Biodegradable Polymers, by Region, 2022-2028
Figure 1: Biodegradable Polymers: Market Dynamics
Figure 2: Supply Chain Analysis: Biodegradable Polymers
Figure 3: Global Market Volume Shares of Biodegradable Polymers, by Type, 2022
Figure 4: Global Market Volume Shares of Biodegradable Polymers, by End-Use Industries, 2022
Figure 5: Global Market Volume Shares of Biodegradable Polymers, by Region, 2022
Figure 6: Overview of ESG Factors
Figure 7: BASF SE: Revenue Shares, by Business Unit, FY 2023
Figure 8: BASF SE: Revenue Shares, by Country/Region, FY 2023
Figure 9: Danimer Scientific: Revenue Shares, by Business Unit, FY 2023
Figure 10: Danimer Scientific: Revenue Shares, by Country/Region, FY 2023
Figure 11: DSM: Revenue Shares, by Business Unit, FY 2022
Figure 12: DSM: Revenue Shares, by Country/Region, FY 2022
Figure 13: Evonik Industries AG: Revenue Shares, by Business Unit, FY 2023
Figure 14: Evonik Industries AG: Revenue Shares, by Country/Region, FY 2023
Figure 15: Mitsubishi Chemical Group Corp.: Revenue Shares, by Business Unit, FY 2022
Figure 16: Sulzer Ltd.: Revenue Shares, by Business Unit, FY 2023
Figure 17: Sulzer Ltd.: Revenue Shares, by Country/Region, FY 2023
Figure 18: Toray Industries Inc.: Revenue Shares, by Business Unit, FY 2022
Figure 19: Toray Industries Inc.: Revenue Shares, by Country/Region, FY 2022

Executive Summary

In the last decade, public and government awareness of more sustainable products has grown significantly, directing future research into the next generation of materials and processes. Researchers, investors and policymakers can better evaluate the prospects for biodegradable polymers and grasp the changing characteristics by following the evolving trends of these emerging technologies. Poly(lactic acid) (PLA), poly(hydroxyalkanoates) (PHAs), poly(butylene succinate) (PBS) and poly(butylene adipateco- terephthalate) are the focus of this study to analyze the current research environment and forecast future development trends. The investigation drew the following conclusions:
Both academia and industry pay close attention to PLA.
PLA is currently the most promising technology in terms of technological maturity and strength.

PHAs, PBAT and PBS are all unclear technologies with relatively modest development potential. Biodegradable polymers are possible solutions to some environmental and economic problems. This is the most rapidly expanding bio-based product category. Several countries have taken steps to raise awareness about the use of biodegradable polymers. According to the EU’s Plastics Strategy, all plastic packaging on the market after 2030 will be created from renewable raw materials and recycled using existing recycling infrastructure. China is embracing the trend and will increase production capacity to promote biodegradable polymers in packaging. These changes also foster bio-based alternatives and
bio-economies that are more inventive.

The global market for biodegradable polymers is expected to grow because of its high demand in a broad range of end-use industries across the globe. Biodegradable polymers have been commercially available for several years and it is still considered very early in the product life cycle. This market faces several major problems: relatively high prices and the lack of infrastructure for effective composting. The resolution of these factors is critical to biodegradable polymer market success.

The biodegradable polymer market is expected to continue high growth over the next five years dominated by packaging and followed by fibers/fabrics. Most of the remaining applications for biodegradable polymers will have considerable growth rates, partly because of low market numbers. The fibers/fabrics and agriculture markets will experience substantial growth, especially for hygiene and agricultural end-uses (mulching films, etc.).

The increasing use of biodegradable products, due to strict laws prohibiting the use of conventional plastic and growing awareness among the public of ill effects, boosts market growth. Demand is increasing due increased use of biodegradable materials as a result of stringent government regulations banning the use of synthetic plastics and the public perception of negative effects.

Companies Mentioned

  • Basf Se
  • Biome Bioplastics
  • Biotec Biologische Naturverpackungen Gmbh & Co. Kg.
  • Cardia Bioplastics
  • Danimer Scientific
  • Dsm
  • Evonik Industries Ag
  • Fkur
  • Mitsubishi Chemical Group Corp.
  • Natureworks Llc.
  • Novamont S.P.A.
  • Sulzer Ltd.
  • Toray Industries Inc.
  • Totalenergies Corbion
  • Zhejiang Hisun Biomaterials Co. Ltd.