Biodegradable Polymers Market - Top Companies and Manufacturers

Companies Dominating the Biodegradable Polymers Landscape

The biodegradable polymers market players are introducing innovative solutions to stand out in global competition. New production technology and biobased raw materials are in prime focus to collect great success in lowering plastic waste. They are also utilizing recycled materials to produce high-quality and eco-friendly outputs. For instance, in May 2023, TotalEnergies Corbion and Coexpan collaboratively launched biobased cups using recycled PLA. The production of this product utilizes FFS technology to accelerate output compared to the other plastic materials. Such collaboration inspires other market leaders to participate in introducing more developments in this sector. These key players include:

BASF
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Biome Technologies
Borealis Group
Changsu
Corbion
Evonik Health Care
FKuR
Jiangmen Xinshuo New Materials Co., Ltd
Mitsubishi Chemical Group
NaturTec
Novamont
Polysciences

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Biodegradable Polymers Market Size & Share, Growth Forecasts 2037

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In May 2024, SKC started constructing the world’s biggest PBAT production plant in Vietnam. The manufacturing unit aims for an annual output of 70,000 tons of biodegradable material. The production plant will be able to operate efficiently for raw material mixing and ester polymerization to produce PBAT.
In April 2024, Lygos launched a high-performing biodegradable polymer, Soltellus. This line of eco-friendly substances can enhance sustainability for the skin and hair care industry. The polymer is multi-functional and serves with cost-effective benefits.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the biodegradable polymers market was over USD 9.8 billion.

The market size for the biodegradable polymers market is projected to reach USD 104.4 billion by the end of 2037 expanding at a CAGR of 21.8% during the forecast period i.e., between 2025-2037.

The major players in the market are BASF, Biome Technologies, Borealis Group, Changsu, Corbion, Evonik Health Care, FKuR, Jiangmen Xinshuo New Materials Co., Ltd, NaturTec, Novamont, Polysciences, Kaneka, and others.

In terms of type, the starch-based segment is anticipated to garner the largest market share of 21.8% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 25.4% by the end of 2037 and provide more business opportunities in the future.

Biodegradable Polymers Market - Top Companies and Manufacturers

Companies Dominating the Biodegradable Polymers Landscape

Browse Key Market Insights with Data Illustration:

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Frequently Asked Questions (FAQ)

How big is the biodegradable polymers market?

What is the outlook for the biodegradable polymers market?

Who are the major players dominating the biodegradable polymers market?

Which type segment will capture the significant market share for the biodegradable polymers market by 2037?

Which region will provide more business opportunities for the growth of the biodegradable polymers market in the future?