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Biodegradable Polymers Market with Highlights on the Impact of COVID-19 (2020-2024)

LONDON--(BUSINESS WIRE)--The biodegradable polymers market is expected to grow by USD 3.98 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

Request challenges and opportunities influenced by COVID-19 pandemic -'report=IRTNTR44384

As per Technavio, the emergence of bio-based and renewable raw materials will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Biodegradable Polymers Market: Emergence of Bio-based and Renewable Raw Materials

Consumers are increasingly becoming aware of the harmful effects of plastics on the environment. This is driving many end-users to adopt sustainable solutions and reduce the dependence on petroleum-based plastics. Hence, vendors in the market are increasing the use of renewable energy sources, biomass, and bio-based raw materials such as starch and vegetable crop derivatives to produce biodegradable polymers. This trend is expected to have a positive impact on the growth of the global biodegradable polymers market during the forecast period.

“Government emphasis on efficient plastic waste management and a keen focus on sustainable production will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Publication date: 09/09/2020

Business Wire


This project has received funding from the Bio Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement No 837761.