Biodegradable Polymers Market Segmentation:
Type (Starch-based, Polylactic Acid, Polyhydroxy Alkanoates, Polyesters, Cellulose Derivatives)
Based on type, starch-based segment is anticipated to dominate around 21.8% biodegradable polymers market share by the end of 2035. The growth is driven by its renewable nature and environmental benefits. The polymer is formulated by processed starch, extracted from bio-sources such as corn, potato, and tapioca. Companies are now blending starch-based polymers including TPS with other bioplastic materials such as PLA to enhance their properties. Private-public collaboration is putting efforts into discovering more reliable starch sources. For instance, in July 2024, Ecostarch inaugurated a bioplastic bag manufacturing plant with the support of NECTAR. The facility will utilize biodegradable polymers made from Cassava starch through its plantation in Nagaland.
Application (Agriculture, Textile, Consumer Goods, Packaging, Healthcare)
In terms of application, the agriculture segment is projected to create one of the largest consumer bases for the biodegradable polymers market. The growing popularity of sustainable and eco-friendly farming practices is driving rapid growth in this segment. Increasing demand for organic farming goods is pushing this sector to adopt bio-based products. Biodegradable polymers are now being used to produce various farming essentials such as fertilizers, pesticides, seed coatings, mulch films, and others. For instance, in November 2023, Sulzer launched its licensed PCL manufacturing technology CAPSUL. This solution can accelerate PCL production for industries including agriculture. These innovations are propelling the process of development to serve large-scale farming.
Our in-depth analysis of the global biodegradable polymers market includes the following segments:
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