BIODEGRADABLE FOAM MARKET ANALYSIS

Biodegradable Foam Market, By Material Type (Starch-based Foam, Polylactic Acid (PLA) Foam, Polyhydroxyalkanoates (PHA) Foam, Cellulose-based Foam, and Others), By End-use Industry (Packaging, Building & Construction, Furniture & Bedding, Automotive, Electronics, and Others), By Foam Type (Flexible Foam, Rigid Foam, Molded Foam, Extruded Foam, and Spray Foam), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Biodegradable Foam Market- Recent Developments

New Product Launches

Ecovative Foam (leading mycelium technology company) launched its new product named Ecovative Natrix, a biodegradable foam made from mycelium, a type of fungus. Ecovative Natrix is designed for use in packaging and insulation applications.
NatureWorks (manufactures Ingeo brand polylactic acid (PLA) and lactides, greenhouse gas-based materials) launched its new product named Ingeo Bio Foam, a biodegradable foam made from Ingeo PLA, a type of biopolymer. Ingeo Bio Foam is designed for use in a variety of applications including packaging, foodservice, and consumer products.
Biofoam Solutions (long-lasting and suitable for protective packaging solutions) launched its new product named BioFoam Eco, a biodegradable foam made from starch and water. BioFoam Eco is designed for use in a variety of applications, including packaging, insulation, and agriculture.

Acquisition and Partnerships

In 2022, BASF SE (hemical company. It carries out the production, marketing and sales of chemicals, plastics, crop protection products) acquired Foamix, a leading provider of biodegradable foams for food packaging. This acquisition provided BASF SE a strong foothold in the growing market for sustainable food packaging.
In 2021, Danimer Scientific acquired Nodax, a developer of biodegradable foams for a variety of applications. This acquisition helped Danimer Scientific to expand its product portfolio and enter new markets.
In 2020, Ecovative acquired Ananas Anam, a producer of pineapple leaf-based foams. This acquisition provided Ecovative a new source of sustainable materials for its foam products.