At 15% CAGR, Global Biodegradable Polymer Market Size to Surpass USD 9 Billion by 2026 – Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors
Findings from Facts and Factors report “Biodegradable Polymer Market By Type (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) and By Application (Packaging, Agricultural, Medical, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026” states that the global Biodegradable Polymer market in 2019 was approximately USD 3.5 Billion. The market is expected to grow at a CAGR of 15% and is anticipated to reach around USD 9 Billion by 2026.
Polymers are compounds that are formed through chemical reactions and have high molar mass. Degradation is a process in which the products undergo a physical and chemical transformation that also results in a change of physical and mechanical properties. Biodegradation polymers generally break down into natural byproducts with the help of naturally occurring microbes such as algae, bacteria, and fungi. Biodegradable polymers are eco-friendly, non-toxic, and do not cause any kind of harm to the environment or other living things. Due to its non-toxic properties, its degradation can be controlled and it is capable to maintain its integrity until it is completely degraded.
Biodegradable polymers are used are packaging, agricultural, medical, and other applications. These polymers are widely used for packaging due to the new demographic conditions, growing demands of customers and their purchasing powers, increase in consumption of packaged food products, and increase in the use of medical and pharma equipment across the globe.
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Cortec Group
Mitsui Chemicals
BASF
BIOTEC GmbH& Co
Cereplast
MetabolixInc
FP International
Others
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Polymers with Carbon Backbones
Polymers with Hydrolyzable Backbones
Natural Polymers
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Packaging
Agricultural
Medical
Others
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North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa
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