What is Biodegradable Polyester?
Biodegradable Polyester is completely degradable when exposed it is exposed to microorganisms, aerobic, and anaerobic processes. It undergoes certain chemical and physical deterioration which makes it completely degradable. They are derived from natural and synthetic resources. Synthetic produced by fossil fuels and natural based resources like corn residue is use to produce biodegradable polyester. There are abundant aliphatic biodegradable polyesters but only limited number of them are commercially available. Increasing awareness regarding biodegradable plastic use driving the demand for the market. Further, rising preference for this polyester in medical devices is impacting on the demand in positive manner. Geographically, North America region is expected to grow with higher growth rate over forecast period followed by Asia Pacific and Europe owing to presence of market leaders in the region and growing research activities for production of biodegradable polyester.
The market study is broken down by Type (Polylactic Acid (PLA), Polyglycolic Acid (PGA), Poly-Ε-Caprolactone (PCL), Polyhydroxybutyrate (PHB), Poly(3-Hydroxy Valerate) and Others), by Application (Medical Implant, Drug Delivery Systems, Tissue Engineering and Packaging, Mulch Films, Waste-Composting Bags and Others) and major geographies with country level break-up.
The market of Biodegradable Polyester is expected to grow with rising awareness regarding biodegrade plastic use in multiple industries. Increasing preference for drug delivery systems and surgical implants driving the demand for the market. Several companies are operating in the market to provide biodegradable polyester with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Corbion (Netherland), Dow (United States), Dupont (United States), Mitsubishi Chemical Corporation. (Japan), BASF SE (Germany), NatureWorks (United States), BioMatera (Canada), Perstop (Sweden), Solvay (Belgium), Novamont S.p.A. (Italy) and Walki Group Oy (Finland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Futamura Chemical Co. Ltd. (Japan), Taghleef Industries (UAE), Kingfa Sci. & Tech. Co., Ltd. (China) and Poole Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Biodegradable Polyester market by Type, Application and Region.
On the basis of geography, the market of Biodegradable Polyester has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Aliphatic will boost the Biodegradable Polyester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automobile will boost the Biodegradable Polyester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Naturally Produced will boost the Biodegradable Polyester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In March 2021, Milliken & Company has acquired Zebra-chem GmbH which is global peroxide and blowing agent manufacturer. With this acquisition, Milliken & Company is setting goals to increase their use of recycled materials with 100% recycled content into their new plastics. Further, it will allow company to create expand their presence in Europe which will accelerate market solutions that improve and increase manufacturing with recycled plastics.
In December 2020, Materials science startup Kintra and PANGAIA in partnership has launched polybutylene succinate (PBS) which is biodegradable and compostable. It is 56% derived from corn instead of fossil fuels. Further, both players are working together for achieving 100% bio-based and traced to corn and wheat primary feedstocks.
- Aliphatic-Aromatic Co-polyester that is Polyhydroxybutyrate (PHB) Account for Larger Market Share over Others
- Growing Demand for Biodegradable Polyester in Medical Devices
- Increasing Preference for Biodegradable Polyester for Packaging and Compost Bags
- Increasing Awareness regarding Degradable and Eco-friendly Polyester
- Augmenting Demand for Biodegradable Polyester in Drug Delivery System and Surgical Implants has created Multiple Growth Opportunities for the market
- High Price and Limited Manufacturing of Biodegradable Polyester
- Challenge of Inferior Mechanical Properties, Lower Environmental and Chemical Resistance
Key Target AudienceBiodegradable Polyester Manufacturers, Biodegradable Polyester Suppliers/Distributor, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Corbion (Netherland), Dow (United States), Dupont (United States), Mitsubishi Chemical Corporation. (Japan), BASF SE (Germany), NatureWorks (United States), BioMatera (Canada), Perstop (Sweden), Solvay (Belgium), Novamont S.p.A. (Italy) and Walki Group Oy (Finland) etc.
2. Can we have customized study for Biodegradable Polyester Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Biodegradable Polyester Market by 2026?
Analysts at AMA estimates Biodegradable Polyester Market to reach USD Million by 2026.