
Published On: Apr 2023
Published On: Apr 2023
At 13.3%CAGR, the Middle East & Africa Biodegradable Plastics Market is projected to be worth US$ 673.58 million by 2028, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa biodegradable plastics market was valued at US$ 317.59 million in 2022 and is expected to reach US$ 673.58 million by 2028, registering a CAGR of 13.3% from 2022 to 2028. Emerging use of biodegradable plastic in biomedical applications and cleanup efforts taken up by the governments are the critical factors attributed to the Middle East & Africa biodegradable plastics market expansion.
Biodegradable plastics such as PLA; PCL; poly lactic-co-glycolic acid (PLGA) and poly-hydroxyalkanoate (PHA), along with their copolymers, are applied in the human centric biomedical applications. For instance, PLA is widely used in medical applications owing to its biocompatibility and bio dissolvability in the human body by the hydrolysis of the ester backbone to produce non-harmful and nontoxic compounds after its degradation. PLA and its copolymers are also used in wound management applications that includes the manufacturing of surgical sutures, prevention of postoperative adhesions, and the healing of dental wounds. PLA is used in drug delivery systems considering its complete biodegradability, better encapsulation, biocompatibility, and low toxicity. Biodegradable plastics are also used in the orthopaedic applications to avoid a second surgical procedure to remove unnecessary hardware. PLA is required to manufacture biodegradable suture anchors, screws, and fixation pins. The absorbable screws and pins are widely used in clinical applications where high mechanical strength can be neglected.
On the contrary, cheaper alternatives like conventional plastics hurdles the growth of Middle East & Africa biodegradable plastics market.
Based on type, the Middle East & Africa biodegradable plastics market is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. The starch blends segment held 38.3% share of Middle East & Africa biodegradable plastics market in 2022, amassing US$ 121.57 million. It is projected to garner US$ 256.18 million by 2028 to expand at 13.2% CAGR during 2022–2028.
Based on end-user, the Middle East & Africa biodegradable plastics market is segmented into packaging and bags, agriculture and horticulture, consumer goods, and others. The packaging and bags segment held 44.7% share of Middle East & Africa biodegradable plastics market in 2022, amassing US$ 141.86 million. It is projected to garner US$ 305.87 million by 2028 to expand at 13.7% CAGR during 2022–2028.
Based on country, the Middle East & Africa biodegradable plastics market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 44.5% share of Middle East & Africa biodegradable plastics market in 2022. It was assessed at US$ 141.17 million in 2022 and is likely to hit US$ 294.17 million by 2028, exhibiting a CAGR of 13.0% during the forecast period.
Key players profiles in the Middle East & Africa biodegradable plastics market report BASF SE; FKuR Kunststoff GmbH; Mitsubishi Chemical Holdings Corp; Novamont SpA; and TotalEnergies Corbion BV, among others.
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