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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Biodegradable Polymers Market Size
The global biodegradable polymers market value is expected to grow at a CAGR of 21.1% during the period 2024-2032.
| Global Biodegradable Polymers Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 21.1% |
| CAGR 2024-2032 - Market by Region | North America | 22.3% |
| CAGR 2024-2032 - Market by Country | UK | 23.1% |
| CAGR 2024-2032 - Market by Country | China | 22.7% |
| CAGR 2024-2032 - Market by Type | Polylactic Acid (PLA) | 22.8% |
| CAGR 2024-2032 - Market by Distribution Channel | Packaging | 23.4% |
| Market Share by Country 2023 | Australia | 2.4% |
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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