Biodegradable Polymers Market Size

Biodegradable Polymers Market size was over USD 9.8 billion in 2024 and is estimated to reach USD 104.4 billion by the end of 2037, expanding at a CAGR of 21.8% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of biodegradable polymers is assessed at USD 12 billion. The changing consumer preferences towards the usage of eco-friendly products drive significant growth. The impact of plastic pollution on public health and the environment is severely concerning. Non-biodegradable components take a long time to be demolished, increasing the amount of waste in society. According to a UN report published in May 2023, plastics take 1000 years to be broken naturally. Thus, the discarded waste affects marine wildlife, soil, and water, causing serious health issues in the future.

Plastic polymers have become a part of daily human lives through their diverse usage in various sectors. This inspires the biodegradable polymers market to produce more effective alternatives. The massive acceptance from consumers has increased the production of bio-based components to be used as a replacement for conventional ones. Discoveries in this industry are inspiring chemical market leaders to invest in more innovative products. The rise of bioplastics is gaining traction in various applications such as consumer goods and agricultural films. According to an NLM article published in February 2023, global bioplastic production is expected to account for 7.5 million tons by 2026. The article further states that the production of biodegradable plastics in 2021 captured 64% of the total bioplastic capacity.