Market Overview

The Global Bio-degradable Polymers Market was valued at USD 9,065.7 million in 2023 and is expected to reach USD 40,567.8 million by 2031 while growing at a CAGR of 20.6% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global bio-degradable polymers market growth. Biodegradable polymers, or biodegradable plastics, are designed to undergo degradation through biological processes, breaking down into natural substances like water, carbon dioxide, and biomass with the help of microorganisms such as bacteria, fungi, and enzymes.

Increasing environmental awareness and regulations, coupled with ongoing advancements in material science and polymer technology, propel the growth of the biodegradable polymers market. Nevertheless, obstacles like higher production costs and competition with conventional plastics may impede market expansion.

Furthermore, the global bio-degradable polymers industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Bio-degradable Polymers Market is segmented among Starch-based Plastics, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters (PBS, PBAT, and PCL), and Cellulose Derivatives, based on Type. In 2023, Polylactic Acid (PLA) accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-User Industry Analysis

The Global Bio-degradable Polymers Market is segmented among Agriculture, Textile, Consumer Goods (Consumer Electronics), Packaging, Healthcare, and Others, based on End-User Industry. In 2023, Agriculture accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Bio-degradable Polymers Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are BASF SE,Biome Technologies plc, BIOTEC Biologische Naturverpackungen GmbH & Co. KG, Cardia Bioplastics, Danimer Scientific, DuPont, Eastman Chemical Company, FKuR,  Merck KGaA, Mitsubishi Chemical Group Corporation, and NatureWorks LLC.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Bio-degradable Polymers Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Bio-degradable Polymers Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Bio-degradable Polymers Market Segmentation, By Type 

• Global Bio-degradable Polymers Market Share Analysis, By Type 

• Global Bio-degradable Polymers Market Growth Analysis, By Type 

• Global Bio-degradable Polymers Market Trends, By Type 

o Starch-based Plastics

o Polylactic Acid (PLA)

o Polyhydroxy Alkanoates (PHA)

o Polyesters (PBS, PBAT, and PCL)

o Cellulose Derivatives

6. Global Bio-degradable Polymers Market Segmentation, By End-User Industry

• Global Bio-degradable Polymers Market Share Analysis, By End-User Industry

• Global Bio-degradable Polymers Market Growth Analysis, By End-User Industry  

• Global Bio-degradable Polymers Market Trends, By End-User Industry

o Agriculture

o Textile

o Consumer Goods (Consumer Electronics)

o Packaging

o Healthcare

o Other

7. Global Bio-degradable Polymers Market Segmentation, By Region

• Global Bio-degradable Polymers Market Share Analysis, By Region

• Global Bio-degradable Polymers Market Growth Analysis, By Region

• Global Bio-degradable Polymers Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• BASF SE.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Biome Technologies plc 

• BIOTEC Biologische Naturverpackungen GmbH & Co. KG

• Cardia Bioplastics

• Danimer Scientific

• DuPont

• Eastman Chemical Company

• FKuR

• Merck KGaA

• Mitsubishi Chemical Group Corporation

• NatureWorks LLC

 *Similar analysis will be provided for each company listed above.