Lucintel's latest market report analyzed that biodegradable polymer in the global specialty polymer provides attractive opportunities in consumer goods, packaging, healthcare, agriculture, and textile applications. The biodegradable polymer in the global specialty polymer market is expected to reach $XX billion by 2028 with a CAGR of 8.5%. In this market, starch blends is the largest segment by product.
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Based on product, the biodegradable polymer in the global specialty polymer market is segmented into polylactic acid, starch blends, biodegradable polyesters, and polyhydroxyalkanoate. The starch blends segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, 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.
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The Biodegradable Polymer in the Global Specialty Polymer Market is marked by the presence of several big and small players. Some of the prominent players offering biodegradable polymer in the global specialty polymer include Mitsubishi Chemical, Biopac India, WestRock, Georgia-Pacific, Cereplast, NatureWorks, and Biome Bioplastics.
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