[Online Quarterly Update] China Biodegradable Polymer demand stood at 280.81 Thousand Tonnes in 2020 and is forecast to reach 542.48 Thousand Tonnes by 2030, growing at a healthy CAGR of 7.25% until 2030. China supports the arena of the packaging industry and food & beverages industry for their product packaging. The application of biodegradable polymers in many end-use industries aids the market growth in the future ten years. Strong government support for environment-friendly materials is also supporting the market growth. Biodegradable Polymers are decomposable and have lesser carbon footprints as compared to other petroleum-based polymers. Demand growth from other sectors includes the growing textile, agriculture, and pharmaceutical sectors. Upcoming new technologies like Biodegradable Polymer Composites and Biobased Hybrid Nanocomposites having applications in artificial joints, drug delivery systems, etc. are expected to push the demand further during the forecast period. The higher cost of Biodegradable Polymers coupled with lower mechanical properties as compared to other petroleum-based polymers is expected to hamper demand growth during the forecast period.
COVID-19 pandemic had a severe impact on the market, in general, and disrupted the economy. Rising number of patients suffering from the infection and rapidly evolving virus created death scare for the whole population at large. The government imposed the lockdown to contain the spread of the virus that further resulted in disabling market growth. The manufacturing units were closed for a significant amount of time, and it disturbed the distribution channels. The government is slowly controlling the consequences, and steadily market is regaining its composure. With a steady CAGR in the upcoming forecast years, the market may grow and present as a potential investment for the new market player that supports the market growth in the future.
Under this subscription, you would be able to access the China Biodegradable Polymers market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in the demand or supply, news and deals, and much more specific to Biodegradable Polymers.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables:
Installed Capacity By Company
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Installed capacity at a regional level along with the individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at country level
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Installed Capacity By Process
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Installed capacity by different processes
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Biodegradable Polymers
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Production By Company
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Actual production done by different companies
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Operating Efficiency By Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Biodegradable Polymers in different end-user industries across the region
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Demand By Sales Channel
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Demand/Sale of Biodegradable Polymers by different sales channels across the region
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Demand By Region
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Demand/Sale of Biodegradable Polymers in different regions of the country
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Demand & Supply Gap
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Demand & Supply Gap at country level
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Market Share of Leading Players
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Revenue shares of leading players in the region.
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News & Deals
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Historical & Current News & Deals in Biodegradable Polymers market
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To extract data for the China Biodegradable Polymers market, the ChemAnalyst team conducts primary research surveys with Biodegradable Polymers manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.