LONDON--(BUSINESS WIRE)--The biodegradable polymers market is expected to grow by USD 3.98 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the biodegradable polymers market in optimistic, probable, and pessimistic forecast scenarios.
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The biodegradable polymers market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Biodegradable Polymers Market Participants:
Arkema SA operates its business through segments such as High Performance Materials, Industrial Specialties, and Coating Solutions. The company offers Biostrength products for different industrial applications.
BASF SE operates its business through segments such as Agricultural Solutions and Others. The company offers two biodegradable polymers, Ecoflex and Ecovio.
Braskem SA operates its business through segments such as Chemicals, Polyolefins, and Vinyls. The company offers I am Green biodegradable polymers.
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Biodegradable Polymers Market 2020-2024: Segmentation
Biodegradable polymers market is segmented as below:
- Starch-based Polymer
- North America
- South America
- Food Packaging
- Foam Packaging
- Biodegradable Bags
The biodegradable polymers market is driven by enhanced consumer appeal offered by eco-friendly packaging. In addition, other factors such as a keen focus on sustainable production are expected to trigger the biodegradable polymers market toward witnessing a CAGR of almost 17% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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.