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 global marine biodegradable material market was valued at approximately USD 1.5 billion in 2022. The market is expected to witness a compound annual growth rate (CAGR) of around 9.5% from 2023 to 2028. This growth is driven by the increasing awareness of marine pollution and the rising adoption of sustainable materials to mitigate environmental impact. The need for alternatives to conventional plastics that can degrade in marine environments is fostering innovations and investments in biodegradable materials. The market size is projected to reach USD 2.5 billion by 2028, reflecting significant expansion and increased market penetration.
Opportunities in the marine biodegradable material sector are substantial, driven by growing regulatory support and consumer demand for eco-friendly solutions. Emerging markets, particularly in Asia-Pacific and Latin America, are expected to show rapid growth due to rising industrial activities and environmental regulations. These regions present a fertile ground for market expansion, offering opportunities for new entrants and established players alike. The focus on research and development, along with advancements in material science, is likely to drive further innovations and applications, expanding the market scope and potential across diverse industrial 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
Plastic Bags
Disposable Cutlery
Straws
Drinking Cups
Food Containers
Apparel
Based on Types the Market is categorized into Below types that held the largest Marine Biodegradable Material market share In 2023.
Paper
Cellophane
Biomass-based Composites
Marine Biodegradable Plastic
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)
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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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