Return to: Environmental NewsEmerging and Innovative Applications Bolster the Demand Growth by Massive 22% During 2024-2030 for Biodegradable Polymers, Global Market to Touch $24 billion by 2030A new report from Industry Experts Inc, on "Biodegradable Polymers Market", reveals that the global market for Biodegradable Polymers is estimated at US$7.4 billion in 2024 and is poised to post a very strong CAGR of 22.1% during the 2024-2030 analysis period in reaching a projected US$24.4 billion by 2030. The worldwide Biodegradable Polymers demand is expected to register a strong growth over the analysis period owing to several reasons, including growing number of end-applications, evident benefits of these materials, packaging industry forming the cornerstone of the market, growth in demand from food packaging applications, greater traction in textile industry, increasing healthcare applications and growing agriculture applications. By region, Europe represents the primary global market for Biodegradable Polymers, with North America following closely in terms of percentage share. Both these are highly advanced regions where the population recognizes the detrimental effects of environmental degradation and are striving to overcome this issue by various means, of which Biodegradable Polymers forms a significant component. As a result of this awareness also growing in Asia-Pacific, the region is likely to register the fastest growth in demand for Biodegradable Polymers worldwide. The global market for biodegradable polymers is analyzed in this report for all major regions across North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa. The biodegradable polymers market analyzed in this report with respect to Type - Biodegradable Polyesters, Cellulose Derivatives, Polyhydroxylkanoates (PHA), Polylactic Acid (PLA) and Starch-Based Polymers; and Application Area - Agriculture & Horticulture, Consumer Goods, Healthcare, Packaging and Textiles. About Industry Experts, Inc Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Emerging and Innovative Applications Bolster the Demand Growth by Massive 22% During 2024-2030 for Biodegradable Polymers, Global Market to Touch $24 billion by 2030 Submitted on: December 03, 2024 11:51:27 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/eco-friendly-technologies/global-biodegradable-polymers-market |