Market Forecast By Type (PLA, Starch, PBS, PHA), By Substrate (Paper & Paperboard, Cellulose Films), By Application (Rigid Packaging, Flexible Packaging, Liquid Packaging) And Competitive Landscape
Product Code: ETC4485753 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bangladesh Biodegradable Polymers Market report thoroughly covers the market by type, by substrate and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Biodegradable Polymers market is expanding rapidly, driven by rising environmental concerns, government initiatives, and consumer desire for sustainable packaging solutions. Biodegradable polymers provide environmentally acceptable alternatives to typical plastics, decreasing pollution and promoting the circular economy. Biodegradable polymers, often known as bioplastics, are made from renewable resources such as plants and microbes. These polymers have gained popularity in Bangladesh because of their ability to reduce plastic pollution, greenhouse gas emissions, and support sustainable development.
According to 6Wresearch, the Bangladesh Biodegradable Polymers Market size is expected to grow at a significant CAGR of 6.2% during the forecast period 2025-2031. The market is experiencing significant growth, driven by increasing environmental awareness among consumers and stringent government regulations against plastic pollution. The country's robust textile and packaging industries also present unique opportunities for biodegradable polymers, catering to both local and international demands for sustainable materials. Furthermore, the availability of raw materials, such as jute, a biodegradable fiber, supports the development of eco-friendly polymers, positioning Bangladesh to leverage its agricultural strengths in the global market for sustainable alternatives. A notable trend in the Bangladesh biodegradable polymers industry is the increasing investment in research and development to create more cost-effective and high-quality biodegradable materials. Companies are exploring innovative combinations of natural fibers and biopolymers to improve the strength, durability, and versatility of biodegradable products. There's also a growing focus on circular economic models to ensure the sustainability of production processes and the end-of-life of products. This includes initiatives aimed at increasing consumer awareness regarding the benefits of biodegradable polymers and promoting their use across various industries.
Nature Works LLC, Novamont S.p.A., BASF SE, Corbion N.V., and Total Corbion PLA are among the top participants in Bangladesh's biodegradable polymers business. These companies are at the forefront of innovation, research, and development in bioplastics and eco-friendly packaging solutions.
Government regulations are important in the Bangladeshi biodegradable polymers market because they influence industrial practices and encourage the use of sustainable solutions. Environmental protection, packaging materials, and plastic waste management requirements are governed by regulatory agencies such the Ministry of Industries, the Department of Environment, and the Bangladesh requirements and Testing Institution (BSTI). Manufacturers of biodegradable polymers must abide by these rules to guarantee consumer acceptance, environmental sustainability, and product safety.
The Bangladesh Biodegradable Polymers industry has substantial growth potential, driven by environmental concerns, governmental backing, and consumer desire for sustainable packaging solutions. To overcome problems such as cost competitiveness, infrastructure limits, and performance standards, government agencies, industry players, and research institutions must work together, innovate, and provide policy support.
According to Ravi Bhandari, Research Head, 6Wresearch, PLA (Polylactic Acid) is predicted to develop at the fastest rate. PLA is a sustainable substitute for conventional plastics since it is made from renewable resources like sugarcane or maize starch.
The Cellulose Films substrate segment will increase at the fastest rate. High transparency, flexibility, and barrier qualities are just a few of the benefits that make cellulose films ideal for a wide range of packaging uses, including consumer goods, agricultural films, and food packaging.
Flexible packaging is predicted to increase at the fastest rate due to its many benefits, which include being lightweight, durable, and adaptable. These attributes make it perfect for a variety of items, including food, drinks, cosmetics, and medications.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Biodegradable Polymers Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Biodegradable Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Biodegradable Polymers Market - Industry Life Cycle |
3.4 Bangladesh Biodegradable Polymers Market - Porter's Five Forces |
3.5 Bangladesh Biodegradable Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Biodegradable Polymers Market Revenues & Volume Share, By Substrate, 2021 & 2031F |
3.7 Bangladesh Biodegradable Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bangladesh Biodegradable Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Biodegradable Polymers Market Trends |
6 Bangladesh Biodegradable Polymers Market, By Types |
6.1 Bangladesh Biodegradable Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Bangladesh Biodegradable Polymers Market Revenues & Volume, By PLA, 2021-2031F |
6.1.4 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Starch, 2021-2031F |
6.1.5 Bangladesh Biodegradable Polymers Market Revenues & Volume, By PBS, 2021-2031F |
6.1.6 Bangladesh Biodegradable Polymers Market Revenues & Volume, By PHA, 2021-2031F |
6.2 Bangladesh Biodegradable Polymers Market, By Substrate |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.2.3 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Cellulose Films, 2021-2031F |
6.3 Bangladesh Biodegradable Polymers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Rigid Packaging, 2021-2031F |
6.3.3 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Flexible Packaging, 2021-2031F |
6.3.4 Bangladesh Biodegradable Polymers Market Revenues & Volume, By Liquid Packaging, 2021-2031F |
7 Bangladesh Biodegradable Polymers Market Import-Export Trade Statistics |
7.1 Bangladesh Biodegradable Polymers Market Export to Major Countries |
7.2 Bangladesh Biodegradable Polymers Market Imports from Major Countries |
8 Bangladesh Biodegradable Polymers Market Key Performance Indicators |
9 Bangladesh Biodegradable Polymers Market - Opportunity Assessment |
9.1 Bangladesh Biodegradable Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Biodegradable Polymers Market Opportunity Assessment, By Substrate, 2021 & 2031F |
9.3 Bangladesh Biodegradable Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bangladesh Biodegradable Polymers Market - Competitive Landscape |
10.1 Bangladesh Biodegradable Polymers Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Biodegradable Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |