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From $206.0 million in 2023 to $1,822.9 million by 2030, the global biodegradable foam market is expected to grow at a CAGR of 11.5 percent.
Demand for sustainable and eco-friendly products, rising awareness about the environmental impact of conventional plastics, and government regulations mandating the use of biodegradable materials are all factors contributing to the expansion of the biodegradable foam market. Another factor contributing to the expansion of the market is the rising demand for biodegradable foams from a wide range of application sectors, including the food and beverage packaging, building materials, and transportation sectors.
The development of a more eco-conscious consumer base, as well as advances in eco-friendly production methods, bode well for the Biodegradable Foam Market. The report, titled "Global Biodegradable Foam Market," analyses the industry as a whole. The research provides a thorough examination of the market's most important subsegments, trends, drivers, restraints, competitive landscape, and other variables.
Green cell foam, also known as biodegradable foam, is a more eco-friendly substitute for traditional foams including polyethylene, polystyrene, and polypropylene. Biodegradable polymer and polylactic acid, both derived from maize or other plants that may be used to produce sugar, are used to create biodegradable foam. Biodegradable foam can be disposed of with paper or corrugated cardboard and dissolves quickly in water. Foams have historically been bad for the environment due to their large carbon footprints and inability to be recycled.
Marketers looked for a new solution and started making biodegradable foams so that recycling, reusing, and cutting down on waste would be easier. It's a major advancement in the field of eco-friendly transportation and packaging. Biodegradable foam has excellent resilience even when subjected to several impact loads, making it a great choice for packaging. Biodegradable Foam's premium qualities, such as its low weight and excellent insulating value, have led to its expanding use in the automobile and logistics industries.
Over the next years, the industry's growth is anticipated to be driven by the efforts of major companies to develop newer, more advanced technologies and product advancements. Extensive research and development (R&D) and product portfolio developments are also examined in the study. Mergers and acquisitions, collaborations, partnerships, agreements, product launches, brand promotion, and corporate deals are just few of the market alliances that are laid out in detail in this study. There are a lot of players in the global market for biodegradable foam packaging materials. This has led to a high level of market concentration. These businesses are well-known for their large spending in R&D initiatives. They have such a large percentage of the market that they make it difficult for new competitors to enter the field. Regulations to limit the production and distribution of non-biodegradable plastics and foams have been enacted or are being considered by many governments across the world. As a result, there has been a rise in the demand for biodegradable foam products from businesses that want to minimise their impact on the environment while still meeting regulatory requirements.
Report Coverage
Global Biodegradable Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Foam market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Arkema SA, Dow Chemical Company, Synbra Technology BV, and Sekisui Alveo AG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Foam market based on the below-mentioned segments:
Global Biodegradable Foam Market, By Material Type
Starch-based Foam
Polylactic Acid (PLA) Foam
Polyhydroxyalkanoates (PHA) Foam
Cellulose-based Foam
Others
Global Biodegradable Foam Market, By End User
Packaging
Building & Construction
Furniture & Bedding
Automotive
Electronics
Others
Global Biodegradable Foam market, Regional Analysis
Demand for sustainable and eco-friendly products, rising awareness about the environmental impact of conventional plastics, and government regulations mandating the use of biodegradable materials are all factors contributing to the expansion of the biodegradable foam market. Another factor contributing to the expansion of the market is the rising demand for biodegradable foams from a wide range of application sectors, including the food and beverage packaging, building materials, and transportation sectors.
The development of a more eco-conscious consumer base, as well as advances in eco-friendly production methods, bode well for the Biodegradable Foam Market. The report, titled "Global Biodegradable Foam Market," analyses the industry as a whole. The research provides a thorough examination of the market's most important subsegments, trends, drivers, restraints, competitive landscape, and other variables.
Green cell foam, also known as biodegradable foam, is a more eco-friendly substitute for traditional foams including polyethylene, polystyrene, and polypropylene. Biodegradable polymer and polylactic acid, both derived from maize or other plants that may be used to produce sugar, are used to create biodegradable foam. Biodegradable foam can be disposed of with paper or corrugated cardboard and dissolves quickly in water. Foams have historically been bad for the environment due to their large carbon footprints and inability to be recycled.
Marketers looked for a new solution and started making biodegradable foams so that recycling, reusing, and cutting down on waste would be easier. It's a major advancement in the field of eco-friendly transportation and packaging. Biodegradable foam has excellent resilience even when subjected to several impact loads, making it a great choice for packaging. Biodegradable Foam's premium qualities, such as its low weight and excellent insulating value, have led to its expanding use in the automobile and logistics industries.
Over the next years, the industry's growth is anticipated to be driven by the efforts of major companies to develop newer, more advanced technologies and product advancements. Extensive research and development (R&D) and product portfolio developments are also examined in the study. Mergers and acquisitions, collaborations, partnerships, agreements, product launches, brand promotion, and corporate deals are just few of the market alliances that are laid out in detail in this study. There are a lot of players in the global market for biodegradable foam packaging materials. This has led to a high level of market concentration. These businesses are well-known for their large spending in R&D initiatives. They have such a large percentage of the market that they make it difficult for new competitors to enter the field. Regulations to limit the production and distribution of non-biodegradable plastics and foams have been enacted or are being considered by many governments across the world. As a result, there has been a rise in the demand for biodegradable foam products from businesses that want to minimise their impact on the environment while still meeting regulatory requirements.
Report Coverage
Global Biodegradable Foam research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Biodegradable Foam report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Biodegradable Foam competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Biodegradable Foam market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE, Arkema SA, Dow Chemical Company, Synbra Technology BV, and Sekisui Alveo AG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Biodegradable Foam Market from 2021 to 2030.
- Market Forecast for Biodegradable Foam Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Biodegradable Foam competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Biodegradable Foam
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Biodegradable Foam market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Biodegradable Foam market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Arkema SA, Dow Chemical Company, Synbra Technology BV, and Sekisui Alveo AG
Primary Target Market
- Market Players of Biodegradable Foam
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Biodegradable Foam market based on the below-mentioned segments:
Global Biodegradable Foam Market, By Material Type
Starch-based Foam
Polylactic Acid (PLA) Foam
Polyhydroxyalkanoates (PHA) Foam
Cellulose-based Foam
Others
Global Biodegradable Foam Market, By End User
Packaging
Building & Construction
Furniture & Bedding
Automotive
Electronics
Others
Global Biodegradable Foam market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the biodegradable foam market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.