| Product Code: ETC4485748 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Singapore`s import trend for biodegradable polymers in 2024 experienced a decline, with a growth rate of -5.96% compared to the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -1.33%. This negative momentum could be attributed to shifting demand patterns or changes in trade policies impacting market stability.
The Singapore biodegradable polymers market is flourishing as consumers and industries embrace sustainable practices. Biodegradable polymers, which break down into harmless substances, are used in various applications, including packaging, agriculture, and healthcare. This market`s growth is attributed to the increasing demand for environmentally responsible packaging materials and a shift away from single-use plastics. Government regulations to reduce plastic waste have further boosted the adoption of biodegradable polymers.
The Singapore biodegradable polymers market is witnessing robust growth due to the pressing need for reducing plastic waste and its adverse environmental effects. Biodegradable polymers, which break down naturally, are gaining prominence in the packaging, agriculture, and healthcare sectors. The market is driven by a combination of factors, including stringent government regulations promoting sustainable packaging, increasing consumer awareness, and corporate sustainability initiatives. The desire to reduce the environmental footprint of plastic products is propelling the demand for biodegradable polymers in Singapore.
The Singapore biodegradable polymers market faces significant challenges in waste management. While these materials are designed to break down more easily than traditional plastics, they require specific conditions to do so effectively. Inadequate waste infrastructure and consumer education on proper disposal are key challenges. The market also faces challenges related to material strength and cost-effectiveness. Developing polymers that are both biodegradable and economically viable remains a significant challenge.
The Singapore biodegradable polymers market experienced increased interest during the COVID-19 pandemic. With growing environmental awareness and a push for sustainable packaging materials, biodegradable polymers gained traction. The pandemic underscored the importance of reducing single-use plastics and minimizing waste. As a result, the market saw greater adoption of biodegradable polymers in various applications, including packaging, agriculture, and healthcare, as companies and consumers alike sought eco-friendly alternatives.
Prominent participants in the biodegradable polymers market include companies like Novamont and BASF, who produce biodegradable polymer resins for packaging and agricultural applications. Their sustainable polymers align with Singapore environmental goals, and local converters and manufacturers work closely with these global leaders to implement biodegradable solutions.
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 Singapore Biodegradable Polymers Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Biodegradable Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Biodegradable Polymers Market - Industry Life Cycle |
3.4 Singapore Biodegradable Polymers Market - Porter's Five Forces |
3.5 Singapore Biodegradable Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Singapore Biodegradable Polymers Market Revenues & Volume Share, By Substrate, 2021 & 2031F |
3.7 Singapore Biodegradable Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Singapore Biodegradable Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing environmental awareness and regulations promoting the use of biodegradable polymers |
4.2.2 Increasing demand for sustainable packaging solutions in various industries |
4.2.3 Innovation and technological advancements in biodegradable polymer production |
4.3 Market Restraints |
4.3.1 Higher production costs compared to traditional plastics |
4.3.2 Limited availability of raw materials for biodegradable polymer production |
4.3.3 Lack of awareness and understanding among consumers about biodegradable polymers |
5 Singapore Biodegradable Polymers Market Trends |
6 Singapore Biodegradable Polymers Market, By Types |
6.1 Singapore Biodegradable Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Biodegradable Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Singapore Biodegradable Polymers Market Revenues & Volume, By PLA, 2021-2031F |
6.1.4 Singapore Biodegradable Polymers Market Revenues & Volume, By Starch, 2021-2031F |
6.1.5 Singapore Biodegradable Polymers Market Revenues & Volume, By PBS, 2021-2031F |
6.1.6 Singapore Biodegradable Polymers Market Revenues & Volume, By PHA, 2021-2031F |
6.2 Singapore Biodegradable Polymers Market, By Substrate |
6.2.1 Overview and Analysis |
6.2.2 Singapore Biodegradable Polymers Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.2.3 Singapore Biodegradable Polymers Market Revenues & Volume, By Cellulose Films, 2021-2031F |
6.3 Singapore Biodegradable Polymers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Singapore Biodegradable Polymers Market Revenues & Volume, By Rigid Packaging, 2021-2031F |
6.3.3 Singapore Biodegradable Polymers Market Revenues & Volume, By Flexible Packaging, 2021-2031F |
6.3.4 Singapore Biodegradable Polymers Market Revenues & Volume, By Liquid Packaging, 2021-2031F |
7 Singapore Biodegradable Polymers Market Import-Export Trade Statistics |
7.1 Singapore Biodegradable Polymers Market Export to Major Countries |
7.2 Singapore Biodegradable Polymers Market Imports from Major Countries |
8 Singapore Biodegradable Polymers Market Key Performance Indicators |
8.1 Percentage of biodegradable polymer adoption in key industries |
8.2 Number of research and development projects focused on enhancing biodegradable polymer properties |
8.3 Amount of investments in biodegradable polymer production facilities |
8.4 Carbon footprint reduction achieved through the use of biodegradable polymers |
8.5 Number of partnerships and collaborations to promote biodegradable polymer usage |
9 Singapore Biodegradable Polymers Market - Opportunity Assessment |
9.1 Singapore Biodegradable Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Singapore Biodegradable Polymers Market Opportunity Assessment, By Substrate, 2021 & 2031F |
9.3 Singapore Biodegradable Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Singapore Biodegradable Polymers Market - Competitive Landscape |
10.1 Singapore Biodegradable Polymers Market Revenue Share, By Companies, 2024 |
10.2 Singapore Biodegradable Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |