The future of the global biodegradable polymer in the global specialty polymer market looks promising with opportunities in consumer goods, packaging, healthcare, agriculture, and textile applications. Biodegradable polymer in the global specialty polymer market is expected to reach an estimated $5.8 billion by 2028 with a CAGR of 8.5% from 2023 to 2028. The major growth drivers for this market are stringent government regulations against the usage of plastic items and growing demand from the agriculture & horticulture, packaging & bag, and textile industries and a shift in consumer preference for fresh and ready-to-eat meals.
Biodegradable Polymer in the Global Specialty Polymer Market by Segment
The study includes a forecast for biodegradable polymers in the global specialty polymer market by product, application, and region as follows:
Biodegradable Polymer in the Global Specialty Polymer Market by Product [Value ($M) Shipment Analysis from 2017 to 2028]:
- Polylactic Acid (PLA)
- Starch Blends
- Biodegradable Polyesters
- Polyhydroxyalkanoate (PHA)
Biodegradable Polymer in the Global Specialty Polymer Market by Application [Value ($M) Shipment Analysis from 2017 to 2028]:
- Consumer Goods
- Packaging
- Healthcare
- Textile
Biodegradable Polymer in the Global Specialty Polymer Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Biodegradable Polymers in the Global Specialty Polymer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leveraging integration opportunities across the value chain. With these strategies biodegradable polymer in the global specialty polymer companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biodegradable polymer in the global specialty polymer companies profiled in this report includes.
- Mitsubishi Chemical
- Biopac India
- WestRock
- Georgia-Pacific
- Cereplast
- NatureWorks
- Biome Bioplastics
- Biodegradable Polymer in the Global Specialty Polymer Market Insight
- In this market, starch-based polymer will remain the fastest growing segment over the forecast period because these are eco-friendly in nature and are considered a feasible option against other biodegradable polymers as these are easily available and are economical to manufacture.
- Asia-Pacific region is expected to witness the highest growth during the forecast period due to growing demand for environment friendly packaging solutions by private companies and increasing government initiatives against the usage of non-biodegradable polymers.
Features of Biodegradable Polymer in the Global Specialty Polymer Market
- Market Size Estimates: Biodegradable polymer in the global specialty polymer market size estimation in terms of value ($M)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Biodegradable polymer in the global specialty polymer market size by product and application.
- Regional Analysis: Biodegradable polymer in the global specialty polymer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for biodegradable polymer in the global specialty polymer market.
- Strategic Analysis: This includes M&A, new product development, and a competitive landscape for biodegradable polymer in the global specialty polymer market.
- - Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is biodegradable polymer in specialty polymer market size?
Answer: The global specialty polymer market in terms of biodegradable polymer consumption is expected to reach an estimated $5.8 billion by 2028.
Q2. What is the growth forecast for biodegradable polymer in the global specialty polymer market?
Answer: The global specialty polymer market in terms of biodegradable polymer consumption is expected to grow with a CAGR of 8.5% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of biodegradable polymers in the global specialty polymer market?
Answer: The major drivers for this market are stringent government regulations against the usage of plastic items and growing demand from the agriculture & horticulture, packaging & bag, and textile industries and a shift in consumer preference for fresh and ready-to-eat meals.
Q4. What are the major segments for biodegradable polymers in the specialty polymer market?
Answer: The future of biodegradable polymer in the global specialty polymer market looks promising with opportunities in consumer goods, packaging, healthcare, agriculture, and textile applications.
Q5. Who are the key biodegradable polymer companies in the specialty polymer market?
Answer: Some of the key biodegradable polymer companies in the global specialty polymer market are as follows:
- Mitsubishi Chemical
- Biopac India
- WestRock
- Georgia-Pacific
- Cereplast
- NatureWorks
- Biome Bioplastics
Q6. Which specialty polymer segment, in terms of biodegradable polymer consumption, will be the largest in the future?
Answer: Within the global specialty polymer market in terms of biodegradable polymer consumption, the starch-based polymer will remain the fastest growing segment over the forecast period because these are eco-friendly in nature and are considered a feasible option against other biodegradable polymers as these are easily available and are economical to manufacture.
Q7. In the global specialty polymer market, which region is expected to be the largest in terms of biodegradable polymer consumption, in the next five years?
Answer: Asia-Pacific region is expected to witness the highest growth during the forecast period due to the growing demand for environment-friendly packaging solutions by private companies and increasing government initiatives against the usage of non-biodegradable polymers.
Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for biodegradable polymer in the global specialty polymer market by product (polylactic acid, starch blends, biodegradable polyesters, and polyhydroxyalkanoate), application (consumer goods, packaging, healthcare, agriculture, and textile), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary2: Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Biodegradable Polymer in the Global Specialty Polymer Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Biodegradable Polymer in the Global Specialty Polymer Market by Product
3.3.1: Polylactic Acid (PLA)
3.3.2: Starch Blends
3.3.3: Biodegradable Polyesters
3.3.4: Polyhydroxyalkanoate (PHA)
3.4: Biodegradable Polymer in the Global Specialty Polymer Market by Application
3.4.1: Consumer Goods
3.4.2: Packaging
3.4.3: Healthcare
3.4.4: Textile
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Biodegradable Polymer in the Global Specialty Polymer Market by Region
4.2: North American Biodegradable Polymer in the Global Specialty Polymer Market
4.2.1: Market by Product: Polylactic Acid, Starch Blends, Biodegradable Polyesters, and Polyhydroxyalkanoate
4.2.2: Market by Application: Consumer Goods, Packaging, Healthcare, Agriculture, and Textile
4.3: European Biodegradable Polymer in the Global Specialty Polymer Market
4.3.1: Market by Product: Polylactic Acid, Starch Blends, Biodegradable Polyesters, and Polyhydroxyalkanoate
4.3.2: Market by Application: Consumer Goods, Packaging, Healthcare, Agriculture, and Textile
4.4: APAC Biodegradable Polymer in the Global Specialty Polymer Market
4.4.1: Market by Product: Polylactic Acid, Starch Blends, Biodegradable Polyesters, and Polyhydroxyalkanoate
4.4.2: Market by Application: Consumer Goods, Packaging, Healthcare, Agriculture, and Textile
4.5: ROW Biodegradable Polymer in the Global Specialty Polymer Market
4.5.1: Market by Product: Polylactic Acid, Starch Blends, Biodegradable Polyesters, and Polyhydroxyalkanoate
4.5.2: Market by Application: Consumer Goods, Packaging, Healthcare, Agriculture, and Textile
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Biodegradable Polymer in the Global Specialty Polymer Market by Product
6.1.2: Growth Opportunities for Biodegradable Polymer in the Global Specialty Polymer Market by Application
6.1.3: Growth Opportunities for Biodegradable Polymer in the Global Specialty Polymer Market by Region
6.2: Emerging Trends for Biodegradable Polymer in the Global Specialty Polymer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Biodegradable Polymer in the Global Specialty Polymer Market
6.3.3: Mergers and Acquisitions, and Joint Ventures in Biodegradable Polymer in the Global Specialty Polymer Market
7. Company Profiles of Leading Players
7.1: Mitsubishi Chemical
7.2: Biopac India
7.3: WestRock
7.4: Georgia-Pacific
7.5: Cereplast
7.6: NatureWorks
7.7: Biome Bioplastics
Companies Mentioned
- Mitsubishi Chemical
- Biopac India
- WestRock
- Georgia-Pacific
- Cereplast
- NatureWorks
- Biome Bioplastics
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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