NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The biodegradable medical plastics market is expected to grow by USD 261.00 mn from 2020 to 2025, progressing at a CAGR of 11.79%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate
The biodegradable medical plastics market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The biodegradable medical plastics market report covers the following areas:
Biodegradable Medical Plastics Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
Growth in geriatric population, global rise in orthopedic disorders, and increasing preference for sustainable products will offer immense growth opportunities. However, high manufacturing cost, rise in concerns related to the use of biodegradable medical plastics, and stringent regulations for use of biodegradable medical plastics will challenge the growth of the market participants.
Biodegradable Medical Plastics Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the biodegradable medical plastics market, including Arkema SA, Arthrex Inc., BASF SE, Bio-on Spa, Celanese Corp., Corbion nv, Danimer Scientific, Eastman Chemical Co., Evonik Industries AG, and Koninklijke DSM NV. Backed with competitive intelligence and benchmarking, our research report on the biodegradable medical plastics market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Biodegradable Medical Plastics Market 2021-2025: Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on geography, the biodegradable medical plastics market has been segmented into five regions, namely North America, Europe, APAC, MEA, and South America. According to our research, 33% of the market's growth will originate from North America during the forecast period. The US is the key country for the biodegradable medical plastics market in the region. North America will record a fast growth rate during the forecast period. As a result, the region is expected to offer several growth opportunities to market vendors. This will significantly influence the biodegradable medical plastics market growth in this region.
Biodegradable Medical Plastics Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist biodegradable medical plastics market growth during the next five years
Estimation of the biodegradable medical plastics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the biodegradable medical plastics market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of biodegradable medical plastics market vendors
Biopolymers and Bioplastic Market: The biopolymers and bioplastic market has been segmented by end-user (packaging, consumer goods, and others), type (bio-PE, bio-PET, PLA, biodegradable starch blends, and others), and geography (Europe, APAC, North America, South America, and MEA). Download Free Sample Report
Biodegradable Plastics Market: The biodegradable plastics market has been segmented by end-user (packaging, consumer goods, textile, agriculture, and others) and geography (Europe, North America, APAC, South America, and MEA). Download Free Sample Report
Biodegradable Medical Plastics Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 11.79%
Market growth 2021-2025
USD 261.00 million
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 33%
Key consumer countries
US, Germany, France, China, Japan, and Italy
Leading companies, competitive strategies, consumer engagement scope
Arkema SA, Arthrex Inc., BASF SE, Bio-on Spa, Celanese Corp., Corbion nv, Danimer Scientific, Eastman Chemical Co., Evonik Industries AG, and Koninklijke DSM NV
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.