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Biodegradable Medical Plastics Market Report and Forecast 2024-2032

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    Report

  • 195 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921394
According to the report, the global biodegradable medical plastics market is projected to grow at a CAGR of 11.9% between 2024 and 2032 reaching a value of approximate USD 11.63 billion by 2032. Aided by the escalating demand for environmentally friendly medical solutions and the diverse applications of biodegradable plastics in the medical sector, the market is expected to grow significantly by 2032.

Biodegradable medical plastics represent a groundbreaking innovation in the healthcare realm. Derived from renewable sources, these plastics decompose naturally over time, reducing their environmental footprint considerably. They are primarily employed in various medical applications, encompassing sutures, orthopaedic implants, drug delivery systems, and disposable surgical instruments, among others. Their unique blend of mechanical strength, coupled with their biocompatible nature, renders them invaluable for medical applications where minimal environmental impact is a priority.

The global shift towards sustainable healthcare solutions is significantly driving the biodegradable medical plastics market growth. As medical waste continues to be a point of contention, the need for materials that reduce environmental harm has never been more pronounced. Biodegradable medical plastics offer a solution to this challenge, being designed to break down naturally and alleviate the pollution caused by traditional non-degradable medical plastics.

According to the biodegradable medical plastics market analysis, the burgeoning advancements in medical research and technology have unveiled a multitude of novel applications for biodegradable plastics. In the realm of drug delivery, for instance, these plastics are being harnessed to develop controlled and sustained release systems, ensuring that drugs are delivered to the body at the optimal rate. Similarly, in orthopaedics, biodegradable plastics are used to create implants that support bone healing and eventually degrade, eliminating the need for secondary surgeries.

The beauty of biodegradable medical plastics also lies in their versatility. The cosmetic and aesthetic surgery sector, for example, has turned to these plastics for the production of temporary implants and fillers, appreciating their biocompatibility and ability to dissolve harmlessly over time. This ensures that patients do not require surgical interventions to remove or replace certain implants.

The medical packaging industry is another key player bolstering the biodegradable medical plastics market demand. With an emphasis on reducing waste from packaging materials, biodegradable plastics have emerged as the frontrunners in the quest for sustainable medical packaging solutions. Their capacity to decompose after a designated period reduces landfill waste, underscoring their environmental advantage.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application

  • Medical Devices
  • Medical Packaging
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global biodegradable medical plastics market. Some of the major players explored in the report are as follows:
  • BASF SE
  • Corbion NV
  • Amcor PLC
  • Mondi Plc
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biodegradable Medical Plastics Market Analysis
8.1 Key Industry Highlights
8.2 Global Biodegradable Medical Plastics Historical Market (2018-2023)
8.3 Global Biodegradable Medical Plastics Market Forecast (2024-2032)
8.4 Global Biodegradable Medical Plastics Market by Application
8.4.1 Medical Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medical Packaging
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Biodegradable Medical Plastics Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Biodegradable Medical Plastics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Biodegradable Medical Plastics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Biodegradable Medical Plastics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Biodegradable Medical Plastics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Biodegradable Medical Plastics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Corbion NV
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Amcor PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mondi Plc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biodegradable Medical Plastics Market: Key Industry Highlights, 2018 and 2032
2. Global Biodegradable Medical Plastics Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Biodegradable Medical Plastics Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Biodegradable Medical Plastics Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Biodegradable Medical Plastics Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Biodegradable Medical Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Biodegradable Medical Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Biodegradable Medical Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Biodegradable Medical Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Biodegradable Medical Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Biodegradable Medical Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Biodegradable Medical Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Biodegradable Medical Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Biodegradable Medical Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Biodegradable Medical Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Biodegradable Medical Plastics Market Structure

Companies Mentioned

  • Arkema Group
  • BASF SE
  • Corbion
  • Evonik Industries AG
  • Koninklijke DSM N.V.

Methodology

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