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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Biodegradable Polymers Market Share
Biodegradable polymers are used in surgical implants employed in vascular or orthopaedic surgery and plain membranes. Biodegradable polyesters are extensively employed as porous structures in tissue engineering owing to their good strength and adjustable degradation speed. Further, biodegradable polymers are employed as implantable matrices for controlled release of drugs within the body or as absorbable sutures.
In the automotive sector, PLA is mixed with fibres of kenaf to replace panels of car doors and dashboards. Starch-based polymers are used as additives in tire production to reduce rolling resistance, fuel consumption, and greenhouse gas emissions, further driving the growth of the biodegradable polymers industry.
Biodegradable Polymers Market Report Snapshots
Biodegradable Polymers Market Size
Biodegradable Polymers Market Growth
Biodegradable Polymers Market Analysis
Biodegradable Polymers Market Share
Biodegradable Polymers Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The biodegradable polymers market value is expected to grow at a CAGR of 21.1% during the forecast period of 2024-2032.
The major drivers of the market include the increasing demand in the packaging industry, industrialisation and urbanisation, favourable government policies, and rise in awareness regarding the benefits of using biodegradable polymers.
The increased interest in biodegradable materials for use in various sectors and growing concerns regarding environmental degradation are the key industry trends propelling the market's growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on type, the market is divided into starch-based plastics, polylactic acid (PLA), polyhydroxy alkanoates (PHA), polyesters (PBS, PBAT, and PCL), and cellulose derivatives.
The several distribution channels are agriculture, healthcare, textile, packaging, and consumer electronics, among others.
The competitive landscape consists of BASF SE, NatureWorks LLC, Novamont SpA, Total Corbion PLA, Rodenburg Biopolymers, and Biome Bioplastics Limited, among others.
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