Biodegradation is process that can convert a material partially or completely into CO2, water, and biomass through the reaction of microorganisms like bacteria and fungi. Biodegradable or compostable polymer are the materials degraded by living organisms especially microbes into CO2 or methane, biomass, and water under specific conditions. Biodegradable polymer are generally manufactured with petrochemicals, micro-organisms, and renewable raw materials.
This report contains market size and forecasts of Compostable Polymer in global, including the following market information:
Global Compostable Polymer Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Compostable Polymer Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Compostable Polymer companies in 2021 (%)
The global Compostable Polymer market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Starch-based Plastics Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Compostable Polymer include BASF SE, BIOTEC, Cardia Bioplastics, DuPont, Eastman Chemical Company, FKuR Kunststoff GmbH, Merck KGaA, Mitsubishi Chemical Holdings Corporation and NatureWorks, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Compostable Polymer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compostable Polymer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Compostable Polymer Market Segment Percentages, by Type, 2021 (%)
Starch-based Plastics
Polylactic Acid (PLA)
Polyhydroxy Alkanoates (PHA)
Polyesters (PBS, PBAT, and PCL)
Cellulose Derivatives
Global Compostable Polymer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Compostable Polymer Market Segment Percentages, by Application, 2021 (%)
Agriculture
Textile
Consumer Electronics
Packaging
Healthcare
Other
Global Compostable Polymer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Compostable Polymer Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compostable Polymer revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Compostable Polymer revenues share in global market, 2021 (%)
Key companies Compostable Polymer sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Compostable Polymer sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF SE
BIOTEC
Cardia Bioplastics
DuPont
Eastman Chemical Company
FKuR Kunststoff GmbH
Merck KGaA
Mitsubishi Chemical Holdings Corporation
NatureWorks
Novamont
Rodenburg Biopolymers
Teijin
Total Corbion
Unitika