The global biodegradable market is expected to reach US$ 5.18 billion in 2020
Biodegradable materials are one of the current world development themes, and countries, businesses and individuals are working hard. According to Zion's market research report, the global market value of biodegradable polymers in 2014 was approximately US$1.68 billion, Biodegradable shopping bags and is expected to reach US$5.18 billion in 2020. From 2015 to 2020, the annual growth rate exceeded 21%.
A polymer is a long chain monomeric compound formed by a chemical reaction. It consists of a large number of repeating units and has a very high molar mass. Biodegradable polymers can be broken down into simple reusable natural products after completing their mission. Biodegradable polymers are non-toxic, do not harm the environment, maintain integrity before degradation, and have the advantage of controlled degradation. Degradation of biodegradable polymers is primarily aided by microorganisms which, upon decomposition, biodegradable garbage bags produce natural by-products such as carbon dioxide, organic fuels and water.
The increasing demand for biodegradable and biobased products due to sustainable development policies and increasing interest in the use of environmentally friendly products is also a major driver of biodegradable polymers in the market. At the same time, the government's support for the production of environmentally friendly biodegradable polymers is also a key factor in market growth. The rising price of crude oil, a raw material for petroleum-based polymer production, biodegradable food bags also helps drive demand for degradable polymers. However, biodegradable polymers are not widely used in place of synthetic petroleum-based plastic materials, and are expensive to manufacture. Therefore, the production of precise biodegradable polymers may affect market growth. In the future, end-user applications and economic raw material prices for degradable polymers will provide potential market opportunities in the coming years.
The market for biodegradable polymers is based on type, application and region. Biodegradable polymers can be classified into three types: hydrolyzable backbone polymers, carbon backbone polymers, and natural high molecular polymers. The polymer capable of hydrolyzing the main chain is classified into polyglycolic acid (PGA), polycaprolactone (PCL), polyamide, and polyurethane, of which polyglycolic acid (PGA) is widely used, and is composed of polyamide and polyurethane. Polyvinyl alcohol (PVA) is a polymer having a carbon backbone, and amylopectin, starch, chitin and chitosan are a class of natural polymers. biodegradable tableware Starch-based polymers have a wide range of applications in food packaging due to their availability.
Biodegradable polymers have a wide range of applications in packaging, agriculture and medicine. In medical applications, biodegradable polymers are used to prevent adhesives, drug delivery systems, and surgical sutures. In addition, biodegradable polymers are used in agricultural covering, biodegradable straws and starch based packaging, cellulose based packaging and PLA based packaging and the like.
By region, Europe has a major market share in the biodegradable polymer market, thanks in large part to the high level of attention paid to the development of green technologies and manufacturing in Germany and the Netherlands. It is expected that during this period, the northern United States will grow significantly as the region's awareness of the value of crude oil and crude oil prices continue to rise. Furthermore, the Asia-Pacific region is likely to accelerate market growth due to the industrialization of emerging economies such as India and China.
