Degradable Materials Market - By Degradation Method, By Product Type, By Application and By Geography Analysis - Forecast 2020 - 2025

Report Code: CMR 28531 Report Format: PDF + Excel (Delivery in 48 Hrs)
Degradable materials market size is forecast to reach $XX million by 2025, after growing at a CAGR of 9% during 2020-2025. With rise in the consumption of eco-friendly products, the demand for degradable materials to manufacture environment friendly products is also increasing due to which the degradable materials market is witnessing an increase in its demand. Degradable materials were introduced in the market to address litter and to reduce landfill waste. In addition, government and environmental governing bodies around the world have imposed various policies to encourage the use of degradable materials products, which is anticipated to drive the degradable materials market during the forecast period.

Report Coverage
The report: “Degradable Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the degradable materials Industry. 

By Degradation Method: Bio-Degradable (Oxo-Biodegradable, and Hydro-Biodegradable), Photo-Degradable, and Others
By Product Type: Polybutylene Succinate (PBS), Polybutyrate Adipate Terephthalate (PBAT), Polylactic Acid (PLA), Polycaprolactone (PCL), and Others
By Application: Food Packaging, Pharmaceutical Packaging, Electronics Packaging, and Others
By Geography: North-America, South-America, Europe, Asia Pacific, and RoW

Key Takeaways
  • North America dominates the degradable materials market, owing to the policies imposed by the government such as Extended Producer Responsibility (EPR), which encourages the use of degradable materials in the region.
  • The petroleum is widely consumed to manufacture plastics. Biodegradable plastics come from products like switchgrass or corn, due to which the petroleum can be redirected to other industries such as transportation or heating.
  • Few of the biodegradable materials produce methane while decomposing in landfills, due to which there is a possibility that some of these materials may be creating a more harmful effect on the environment, which acts as a hindrance to the degradable materials market.
  • Due to the COVID-19 Pandemic, most of the countries have gone under lockdown, due to which operations of various packaging industries have been negatively affected, which is hampering the degradable materials market growth.

By Degradation Method – Segment Analysis
The bio-degradable material segment held the largest share in the degradable materials market in 2019, owing to the increasing demand for biodegradable materials from various end-use industries such as food packaging, pharmaceutical packaging, electronic packaging, and more. There is a rise in demand for biodegradable packaging as they easily break down to decompose naturally in the environment, giving an end product that is less harmful to the environment. Also, they have additives that speed up their rate of decay or breakdown in the presence of oxygen and light. The presence of the sun’s UV light and moisture also accelerates the breakdown process, which is the key factor anticipated to boost the demand for biodegradable materials during the forecast period.

By Application – Segment Analysis 
The food packaging application held the largest share in the degradable materials market in 2019 and is growing at a CAGR of 9.4%, owing to the increasing application of degradable materials in the food and beverage industry such as manufacturing bottles, foam trays, films, cutlery, sheets, containers, bags and more. Food packaging industries are using degradable materials as packaging material since they are non-toxic and they have no chemicals or toxins. Also, since biodegradable packaging is recyclable, its bio waste can be used as compost or as renewable energy for biogas. Even the governments are taking initiatives to promote sustainable packaging to reduce the environmental impact. In 2018, the Australian Government agreed to the ambitious target that 100 percent of Australian packaging will be recyclable, compostable, or reusable by 2025 or earlier to cut down on the amount of waste produced. Also, the United Kingdom Government announced an investment of up to £60m for sustainable packaging. Thus, all the extensive properties of degradable materials in addition to the government initiatives are the main factor driving the degradable materials market in the food packaging industry during the forecast period.

By Geography – Segment Analysis
North America held the largest share in the degradable materials market in 2019 up to 28%, owing to the rising consumption of degradable bio-based commodities and stringent government regulations that enforce the usage of biodegradable plastics rather than non-biodegradable plastics in the region. Various governments in the North American states have taken initiatives to decrease the pollution by using degradable materials. In January 2019, the Jamaican government banned the use of plastics, polystyrene, straws, and Styrofoam containers. In July 2019, Panama banned single-use plastic bags to curb pollution. Also, the United States Department of Agriculture (USDA) is certifying various products to be bio-based, as a market development initiative to increase consumer and buyer recognition, which will further lead to increasing adoption of degradable materials in the market. The Government of Canada is taking steps to divert at least 75% of plastic waste by 2030 and reduce the use of single-use plastic by procuring sustainable plastic products. All these government initiatives are anticipated to increase the demand for degradable and biodegradable materials in the market.

Drivers – Degradable Materials Market
  • Favorable Government Regulations
Several countries have implemented taxes to discourage the use of non-biodegradable materials such as plastic bags and encourage the biodegradable option. Various international governments have imposed outright bans on non-biodegradable plastics in order to reduce consumption and control the indiscriminate disposal of bags in the environment such as in May 2019, the Nigerian house representatives banned the import, usage, and production of plastic bags in the country. In October 2017, Cambodia enforced tax on plastic bags. In January 2017, large retailers are required to charge the customers for plastic bags with handles in Israel. In 2018, Taiwan announced its strategy to ban petroleum-based plastics in stores by sticking prohibition in offering bags at stores in 2020, increasing the price in 2025, and then finally by 2030 total ban of petroleum-based bags. As such almost 127 countries have adopted some legislation to regulate the usage of standard plastics and have unlatched the door for degradable materials, which acts as a driver for the degradable materials market.
 
Challenges – Degradable Materials Market
  • High Cost Attached With The Bio-Degradable Materials 
The complex manufacturing processes make biodegradable plastics costly. Because of the limited availability and higher raw material cost, biodegradable plastics are more expensive than their petroleum-based non-biodegradable counterparts. Their cost depends on many factors including the type of polymer, raw material cost, amount of material, availability, and more. Also, for manufacturing biodegradable materials like PLA, PHB in bulk, more time and labor are required for the polymerization process. Thus, the high cost related to the biodegradable materials due to the complex manufacturing process acts as a hindrance for the degradable materials market during the forecast period.

Market Landscape 
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the degradable materials market. In 2019, the market of degradable materials has been consolidated by the top five players accounting for xx% of the share. Major players in the degradable materials market are Metabolix Inc., BASF SE, Corbion NV (PURAC), Natureworks LLC, Biome Technologies PLC, Mitsubishi Chemical Corp., Plantic Technologies Limited, Bio-On SRL., Meredian Inc., Tianan Biologic Materials Co. Limited.

Acquisitions/Technology Launches
  • In October 2019, Natureworks LLC. and Flo SpA introduced a Nespresso, Lavazza Blu, and Keurig systems compatible coffee capsule with up to 100% biobased content, compostable with food waste. 
  • In February 2020, BASF SE and Fabbri Group according to standards for industrial composting and home composting developed a certified compostable cling film for fresh-food packaging to reduce food waste, greenhouse gas emissions and to promote organic recycling.

1. Degradable Materials Market- Market Overview
    1.1 Definitions and Scope
2. Degradable Materials Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Degradation Method
    2.3 Key Trends by Product Type
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Degradable Materials Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Degradable Materials Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Degradable Materials Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Degradable Materials Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Degradable Materials Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Degradable Materials Market – By Degradation Method (Market Size -$Million)
    8.1 Bio-Degradable 
        8.1.1 Oxo-Biodegradable
        8.1.2 Hydro-Biodegradable
    8.2 Photo-Degradable
    8.3 Others
9. Degradable Materials Market – By Product Type (Market Size -$Million)
    9.1 Polybutylene Succinate (PBS)
    9.2 Polybutyrate Adipate Terephthalate (PBAT)
    9.3 Polylactic Acid (PLA)
    9.4 Polycaprolactone (PCL)
    9.5 Others
10. Degradable Materials Market – By Application (Market Size -$Million)
    10.1 Food Packaging
    10.2 Pharmaceutical Packaging
    10.3 Electronics Packaging
    10.4 Others
11. Degradable Materials Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherland
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Degradable Materials Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Degradable Materials Market- List of Key Companies by Country (Premium)
15. Degradable Materials Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Degradable Materials Market Size 2018
2 Canada Degradable Materials Market Share 2018
3 Brazil Degradable Materials Market Outlook 2019 - 2023
4 Mexico Degradable Materials Market Research 2018
5 Germany Degradable Materials Market Trends 2019 - 2023 
6 France Degradable Materials Market Growth 2019 - 2023 
7 UK Degradable Materials Market Demand 2019 - 2023 
8 Italy Degradable Materials Market Segmentation 2018
9 Russia Degradable Materials Market Analysis 2019 - 2023
10 China Degradable Materials Market Revenue 2019 - 2023
11 Japan Degradable Materials Market Volume 2019 - 2023
12 South Korea Degradable Materials Market Potential 2019 - 2023
13 India Degradable Materials Market Leaders 2018
14 Saudi Arabia Degradable Materials Market Forecast 2019 - 2023 
15 Kuwait Degradable Materials Market Value 2018

List of Figures

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