Product Code: ETC4485745 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India biodegradable polymers market import shipment demonstrated robust growth with a CAGR of 36.2% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024, with a negative growth rate of -21.3%. Overall, the market expansion showed signs of slowing down towards the end of the period.
Biodegradable polymers are essential for reducing plastic waste. The India Biodegradable Polymers Market is growing in response to environmental awareness and regulatory measures aimed at reducing the environmental impact of plastics.
The biodegradable polymers market benefits from the global shift towards sustainable and eco-friendly materials. These polymers, which break down naturally, are increasingly used in packaging, agriculture, and other applications to reduce environmental impact.
The India Biodegradable Polymers market encounters challenges related to consumer awareness and acceptance. Many consumers are not fully informed about the benefits and applications of biodegradable polymers. The market also faces competition from conventional plastics, which are deeply entrenched in various industries. Inconsistent waste management and composting infrastructure add to the challenges, as proper disposal is crucial for the biodegradability of these materials.
The India biodegradable polymers market faced challenges during the COVID-19 pandemic as the focus shifted to essential products. However, the crisis has raised awareness of the environmental impact of plastics, driving demand for biodegradable alternatives. The market is expected to bounce back as sustainability gains traction.
Key Players in the market are Novamont S.p.A., NatureWorks LLC, BASF India Ltd, Corbion, Danimer Scientific.
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 India Biodegradable Polymers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Biodegradable Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 India Biodegradable Polymers Market - Industry Life Cycle |
3.4 India Biodegradable Polymers Market - Porter's Five Forces |
3.5 India Biodegradable Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Biodegradable Polymers Market Revenues & Volume Share, By Substrate, 2021 & 2031F |
3.7 India Biodegradable Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Biodegradable Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing environmental concerns and regulations promoting the use of biodegradable polymers |
4.2.2 Growing awareness about sustainable practices and eco-friendly products |
4.2.3 Rising demand for biodegradable packaging solutions in various industries |
4.3 Market Restraints |
4.3.1 High production costs compared to conventional plastics |
4.3.2 Limited availability and high price of raw materials for biodegradable polymers |
4.3.3 Lack of proper infrastructure and recycling facilities for biodegradable polymers |
5 India Biodegradable Polymers Market Trends |
6 India Biodegradable Polymers Market, By Types |
6.1 India Biodegradable Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Biodegradable Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Biodegradable Polymers Market Revenues & Volume, By PLA, 2021-2031F |
6.1.4 India Biodegradable Polymers Market Revenues & Volume, By Starch, 2021-2031F |
6.1.5 India Biodegradable Polymers Market Revenues & Volume, By PBS, 2021-2031F |
6.1.6 India Biodegradable Polymers Market Revenues & Volume, By PHA, 2021-2031F |
6.2 India Biodegradable Polymers Market, By Substrate |
6.2.1 Overview and Analysis |
6.2.2 India Biodegradable Polymers Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.2.3 India Biodegradable Polymers Market Revenues & Volume, By Cellulose Films, 2021-2031F |
6.3 India Biodegradable Polymers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Biodegradable Polymers Market Revenues & Volume, By Rigid Packaging, 2021-2031F |
6.3.3 India Biodegradable Polymers Market Revenues & Volume, By Flexible Packaging, 2021-2031F |
6.3.4 India Biodegradable Polymers Market Revenues & Volume, By Liquid Packaging, 2021-2031F |
7 India Biodegradable Polymers Market Import-Export Trade Statistics |
7.1 India Biodegradable Polymers Market Export to Major Countries |
7.2 India Biodegradable Polymers Market Imports from Major Countries |
8 India Biodegradable Polymers Market Key Performance Indicators |
8.1 Percentage of companies adopting biodegradable polymers in their product packaging |
8.2 Number of government regulations supporting the use of biodegradable polymers |
8.3 Growth in research and development investments in biodegradable polymer technologies |
9 India Biodegradable Polymers Market - Opportunity Assessment |
9.1 India Biodegradable Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Biodegradable Polymers Market Opportunity Assessment, By Substrate, 2021 & 2031F |
9.3 India Biodegradable Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Biodegradable Polymers Market - Competitive Landscape |
10.1 India Biodegradable Polymers Market Revenue Share, By Companies, 2024 |
10.2 India Biodegradable Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |