According to the recent study the biodegradable polymer in the global specialty polymer market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2022, at a CAGR of 8.5% from 2022 to 2028. Growth in this market is primarily driven by stringent government regulations against usage of plastic items and growing demand from the agriculture & horticulture, packaging & bag, and textile industries and shift in consumer preference for fresh and ready-to-eat meals.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in biodegradable polymer in the global specialty polymer market by product (polylactic acid, starch blends, biodegradable polyesters, and polyhydroxyalkanoate), application (consumer goods, packaging, healthcare, agriculture, and textile), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Starch blends market is expected to remain the largest segment during the forecast period.”
Based on product, the biodegradable polymer in the global specialty polymer market is segmented into polylactic acid, starch blends, biodegradable polyesters, and polyhydroxyalkanoate. Lucintel forecasts that the starch blends market is expected to remain the largest segment due to because these are eco-friendly in nature and are considered as a feasible option against other biodegradable polymers as these are easily available and are economical to manufacture.
“Asia pacific will dominate the biodegradable polymer in the global specialty polymer market in near future”
Asia-Pacific region is expected to witness the highest growth during the forecast period due to growing demand for environment friendly packaging solutions by private companies and increasing government initiatives against the usage of non-biodegradable polymers.
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Major players of biodegradable polymer in the global specialty polymer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Mitsubishi Chemical, Biopac India, WestRock, Georgia-Pacific, Cereplast, NatureWorks, and Biome Bioplastics are among the major biodegradable polymer in the global specialty polymer providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/biodegradable-polymer-in-specialty-polymer-market.aspx or [email protected]