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Degradable Materials Market Size, Share, Industry Trends and Forecast to 2030

Degradable Materials Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Degradable Materials Market Overview

1. What is the Market Size & CAGR of Degradable Materials market in 2021?

The global degradable materials market is projected to grow at a CAGR of 4.8% from 2021 to 2026, reaching a market size of USD 10.3 billion by 2026.

2. COVID-19 Impact on the Degradable Materials Market

The COVID-19 pandemic has had a mixed impact on the degradable materials market. While the initial disruption in the supply chain affected the market growth, the increased focus on sustainability post-pandemic has boosted the demand for degradable materials.

3. Degradable Materials Dynamics

The degradable materials market is driven by the increasing awareness about environmental conservation, stringent regulations regarding plastic waste management, and growing demand for eco-friendly packaging solutions.

4. Segments and Related analysis

The degradable materials market is segmented based on type (bioplastics, biodegradable polymers, recyclable materials), end-use industry (packaging, agriculture, textiles), and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

5. By Region Analysis

- North America: The largest market share due to strict environmental regulations and high adoption of sustainable practices. - Europe: Growing demand for biodegradable packaging solutions. - Asia Pacific: Rapid industrialization leading to increased use of degradable materials. - Latin America: Adoption of bioplastics for agricultural applications. - Middle East & Africa: Emerging market with untapped potential for degradable materials.

6. Key Market Players and Competitive Landscape

Key players in the degradable materials market include NatureWorks LLC, BASF SE, Novamont, Mitsubishi Chemical Corporation, and Biome Bioplastics. The market is highly competitive with a focus on product innovation and sustainability.

7. Recent happenings in the Degradable Materials Market

- NatureWorks LLC launched a new range of biodegradable packaging materials. - Novamont introduced innovative bioplastic solutions for agriculture. - BASF SE announced a partnership with a leading packaging company to develop sustainable packaging solutions. - Mitsubishi Chemical Corporation invested in research and development of recyclable materials. - Biome Bioplastics expanded its production capacity to meet the growing demand for eco-friendly materials.

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