The global biodegradable polymers market has been estimated at USD XXX.X million in 2015 and is projected to reach USD XXX.X million by 2022, at a CAGR of XX.X% during the forecast period from 2016 to 2022. The global biodegradable polymers market is a burgeoning one and is expected to grow significantly over the coming years. Biodegradable polymers are the polymers that disintegrate naturally in a low amount of time without any human intervention. Biodegradability is an important property required for the materials to avoid unnecessary ecological imbalances.
There exists a wide variety of potential and existing applications for biodegradable polymers. Biodegradable polymers are alternative to the petroleum-derived polymers that do not disintegrate. They can be synthetic as well as natural polymers. Biodegradable polymers can be used in wide variety of consumer goods, especially for packaging and bottling. Other areas of usage are agriculture, textiles, health care, electronics, etc.
Market Dynamics of the Global Biodegradable Polymers Market:
Ecological friendliness of the polymers that promote ecological balance unlike present day synthetic polymers which do not disintegrate naturally and must be recycled. Many countries have implemented strict norms against the usage of non-degradable polymers that pose a risk to nature. The biodegradable polymers are generally non-toxic n nature and can be used for drug delivery as well. Restraints:
Higher cost in comparison to petroleum based polymers Low awareness in some regions The Biodegradable Polymers Market has also been geographically segmented into APAC, North America, Europe, South America and MEA. In terms of consumption in 2015, Europe led the market with the highest share of revenues because of the strict environmental regulations implemented in European nations. It was followed by North America and Asia-Pacific. Asia-Pacific is estimated to grow at the fastest rate because of the rising environmental awareness and increasing government regulation in these regions. China, India, Brazil, Russia and other developing nations are actively participating in environmental preservation. They are the future drivers of the biodegradable polymers market as a huge market potential exists in these countries.
Company profiles of the major biodegradable polymers that have been discussed are:
BASF SE Cardia Bioplastics Limited Cereplast E. I. du Pont de Nemours and Company Japan Corn Starch Co., Ltd. Merck Novamont SpA Trellis Earth, Inc. Key Deliverables in the Study:
Analysis for the global biodegradable polymers, with region specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global biodegradable polymers market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.