Us Marine Biodegradable Material Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Marine Biodegradable Material Market was valued at USD 2.45 Billion in 2022 and is projected to reach USD 5.24 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030.
The U.S. Marine Biodegradable Material Market is experiencing significant growth, driven by increasing environmental concerns and stringent regulations against plastic pollution in marine ecosystems. Biodegradable polymers such as Polyhydroxyalkanoates (PHA), Polylactic Acid (PLA), and starch blends are gaining traction in applications ranging from packaging to fishing gear and disposable products. These materials naturally degrade in marine environments, thereby reducing plastic pollution and environmental impact. citeturn0search2 In 2023, the global marine biodegradable material market was valued at approximately USD 1.78 billion. Projections indicate a robust growth trajectory, with the market expected to reach USD 5.65 billion by 2033, reflecting a compound annual growth rate (CAGR) of 12.24% during the forecast period. citeturn0search0 The U.S. market is a significant contributor to this global expansion. Factors such as rising environmental awareness, stringent regulations on plastic waste, and the development of new biodegradable materials with enhanced properties are propelling market growth. Companies are investing heavily in research and development to discover novel materials that can replace traditional plastics. citeturn0search2 The primary applications of marine biodegradable materials in the U.S. include: - **Packaging**: Biodegradable materials are increasingly used in packaging to reduce plastic waste. - **Fishing Gear**: The adoption of biodegradable fishing gear helps minimize marine pollution. - **Disposable Products**: Items such as cutlery and plates made from biodegradable materials are gaining popularity. The market is also witnessing innovations in biodegradable plastics, with advancements in compostable and marine-degradable plastics expanding market opportunities. citeturn0search3 In summary, the U.S. Marine Biodegradable Material Market is poised for substantial growth, driven by environmental concerns, regulatory pressures, and technological advancements in biodegradable materials. This growth presents significant opportunities for businesses and stakeholders in the marine and environmental sectors.
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Oji Group
Daio Paper Corporation
Mitsubishi Paper Mills Limited
Hokuetsu Corporation
Rengo Co.
Ltd.
FUTAMURA CHEMICAL CO.
LTD.
Business Innovation Partners Co.
Ltd.
Amica terra Co.
Ltd.
i-Compology Corporation
Kaneka Corporation
Mitsubishi Chemical Corporation
Daicel Corporation
Nisshinbo Holdings Inc.
Lactips
Novamont
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Marine Biodegradable Material Market
Polylactic Acid (PLA)
Polyhydroxyalkanoates (PHA)
Starch-based Materials
Chitosan
Cellulose-based Materials
Packaging Materials
Consumer Goods
Textiles
Agricultural Films
Medical Applications
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Agriculture
Textiles
Films and Sheets
Fibers
Compostable Bags
Containers and Tableware
Coatings
BPI Certified (Biodegradable Products Institute)
ASTM D6400 Standard
EN 13432 Certification
OK Compost Certification
ISO 17088 Standard
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Marine Biodegradable Material Market Research Analysis
1. Introduction of the Global Marine Biodegradable Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Marine Biodegradable Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Marine Biodegradable Material Market, By Type
6. Global Marine Biodegradable Material Market, By Application
7. Global Marine Biodegradable Material Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Marine Biodegradable Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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