Global Biodegradable Polymer Market – Industry Perspective, Comprehensive Analysis, Size, Share, Growth and Forecast 2014 – 2020
Sarasota, FL -- (SBWIRE) -- 12/09/2016 -- Global Biodegradable Polymer (Polymers with Carbon Backbones, Polymers with Hydrolyzable Backbones, Natural Polymers) Market For Packaging, Agricultural, Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast 2014 – 2020
The report covers forecast and analysis for the biodegradable polymer market on a global and regional level. According to the report, global demand for biodegradable polymer market was valued at around USD 1.68 billionin 2014 and is expected to reach approximately USD 5.18 billion in 2020, growing at a CAGR of slightly above 21.0% between 2015 and 2020.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the biodegradable polymer market on a global level.
Global Biodegradable Polymer Market 2014 - 2020
In order to give the users of this report a comprehensive view on the biodegradable polymer market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the biodegradable polymer market has also been included. The study encompasses a market attractiveness analysis, whereintype segments are benchmarked based on their market size, growth rate and general attractiveness.
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Rising demand for biodegradable and bio based products due to sustainable development policies and growing concern for use of environment friendly product is the main driver for the biodegradable polymer market. Government support to produce eco friendly biodegradable polymer is also the key factor for the growth of market. Escalating price of crude oil which is raw material for the production of petroleum based polymer also helps tin driving the demand of biodegradable polymers. However biodegradable polymers have few applications to replace synthetic petroleum based plastic materials andhigh manufacturing cost and failure in production of accurate biodegradable polymersmay influence the market growth. Rising end-user applications and economical raw material price for biodegradable polymers is offering potential market opportunity in the years to come.
The biodegradable polymer market is segmented on the basis of type, application and region. Polymers with hydrolyzable backbone, polymers with carbon backbone and natural polymers are the types of biodegradable polymers. Polymers with hydrolyzable backbone is classified as polyglycolic acid (PGA), polycaprolactone (PCL), polyamides, polyurethanes, others in which polyglycolic acid (PGA) is the widely used followed by polyamides and polyurethane. Polyvinyl alcohol (PVA) is one kind of polymers with carbon backbone, whereas amylopectin, starch, amylose, chitin and chitosan and others are types of natural polymers. Starch based polymers is one of the leading segment due to easy availability, and extensive application in food packaging.
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Biodegradable polymer has broad range of applications in packaging, agriculture and medical. In medical application, biodegradable polymers are used in adhesive prevention, drugs deliver system and surgical sutures. Further, biodegradable polymers are utilized in agriculture mulches, and starch based packaging, cellulose based packaging and PLA based packaging among others.
The study provides a decisive view on the biodegradable polymer market by segmenting the market based on type, application and region. On the basis of type, the biodegradable polymer market has been segmented intopolymers with hydrolyzablebackbones, polymers with carbon backbone and natural polymers. On the basis of application, the biodegradable polymer has been segmented into packaging, agricultural and medical applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020.The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Cortec group, Mitsui Chemicals, BASF, BIOTEC GmbH& Co, Cereplast and FP International among others.
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This report segments the biodegradable polymer market as follows:
Biodegradable polymer Market: Type Segment Analysis
Polymers with hydrolyzable backbone
Polyglycolic acid ( PGA )
Polymers with carbon backbone
Polyvinyl alcohol ( PVA)
Chitin and chitosan
Biodegradable polymer Market: Applications Segment Analysis
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