Global Biodegradable Foam Market Size By Application, By Type, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Biodegradable Foam Market Size By Application, By Type, By Geographic Scope And Forecast
Biodegradable Foam Market Size And Forecast
Biodegradable Foam Market size was valued at USD 18.82 Billion in 2023 and is projected to reach USD 33.95 Billion by 2030, growing at a CAGR of 8.03% from 2024 to 2030.
The shift in focus toward sustainability awareness and improvements in sustainable manufacturing will help the Biodegradable Foam Market to grow. The Global Biodegradable Foam Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Biodegradable Foam Market Definition
Biodegradable Foam is also known as Green cell foam, is a sustainable alternative to polyethylene, polystyrene, and polypropylene foams. Biodegradable Foam is made up of biodegradable polymer and polylactic acid, which is made up of corn or other sugar-generating plants. Biodegradable Foam recycles easily with corrugated or paper materials and easily dissolves in water. Earlier in the case of foams, it was the carbon footprint and non-recyclability that were hurting the environment.
To improve the ability to recycle, reuse, and reduce, marketers searched for an alternative way and manufacture Biodegradable Foams. It is one of the prominent steps toward the use of compostable material in the packaging and transport industry. The properties of Biodegradable Foam make it extremely suitable for packaging, due to its good resilience even when applied to multiple impact loads. Due to the high-end product properties of Biodegradable Foam, such as lightweight, and good insulation, form-fittings are increasingly being utilized in the automotive and logistics sectors as well.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Biodegradable Foam Market Overview
The packaging industry is expected to adopt Biodegradable Foams extensively during the forecast period due to non-dumping policies and other environmental regulations imposed by the concerned governments. The total vehicle production in North America increased by 4-5% in 2020. The automobile manufacturers in the region are focusing on lightweight fuel-efficient vehicles. The increasing automotive production in this region is expected to propel the market growth during the forecast period. The shift in focus toward sustainability awareness and improvements in sustainable manufacturing will help the Biodegradable Foam Market to grow.
Global Biodegradable Foam MarketSegmentation Analysis
The Global Biodegradable Foam Market is Segmented on the basis of Application, Type and Geography.
Biodegradable Foam Market, By Application
Construction
Industrial
Protective Packaging
Medical
Agriculture
Others
Based on Application, the market is bifurcated into Construction, Industrial, Protective Packaging, Medical, Agriculture, and Others. Construction accounted for the largest market share in 2020. Biodegradable Foams are used in the building and construction industry mainly because of their properties of low thermal conductivity, vibration isolation, water-tightness and anti-sound reflection.
By Type
Starch-Based Biodegradable Foam The most popular kind is called starch-based biodegradable foam, and it is produced using starches derived from corn, potatoes, or tapioca. While it is biodegradable and compostable, its strength and heat resistance may be less to those of other varieties.
Cellulose-Based Biodegradable Foam This form of foam has good mechanical qualities and is frequently used in packaging applications. It is derived from wood pulp or other cellulose sources. However, depending on the particular cellulose source, biodegradation rates can change.
Polyurethane-Based Biodegradable Foam In this section, biodegradable polyurethane foams are made using bio-derived polyols. Although their biodegradation rate may be slower than that of starch-based alternatives, they nonetheless offer good flexibility and the possibility for high performance applications.
Biodegradable Foam Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
On the basis of regional analysis, the Global Biodegradable Foam Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share of the Biodegradable Foam over the forecast period followed by Europe. The Biodegradable Foam Market in North America will continue to experience healthy growth during the forecast period with the addition of new manufacturing facilities by established players
Key Players
BASF SE (Germany)
DuPont de Nemours, Inc. (US)
Sealed Air Corporation (US)
Dow Chemical Company (US)
Novozymes A/S (Denmark)
Ecover (Belgium)
Plan (US)
BioPBS (Thailand)
Novamont S.p.A. (Italy)
Tria Packaging (US)
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
BASF SE (Germany), DuPont de Nemours, Inc. (US), Sealed Air Corporation (US), Dow Chemical Company (US), Novozymes A/S (Denmark), Ecover (Belgium), Plan (US), BioPBS (Thailand), Novamont S.p.A. (Italy), Tria Packaging (US)
SEGMENTS COVERED
Application, Type and Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
