2024 Global Biodegradable Polymer Market Comparison
The global biodegradable polymer market is projected to reach US$20.04 billion by 2031, growing at a CAGR of 11.34% from US$8.34 billion in 2024. The market's growth is fueled by innovations in compostable packaging, bio-based and marine-degradable polymers, and integration in 3D printing. As sustainability becomes a priority, the market is expanding across agriculture, horticulture, and bioresorbable medical implants. China, Germany, the U.S., and India are key regions driving growth, with China leading due to its reduced polymer manufacturing and strong government support for sustainable materials. The packaging industry is the largest segment, with starch-based polymers also gaining traction.