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Bio-Based Polymer Market: By Type, By End User, and Region Analysis 2019-2030
Bio-Based Polymer Market: By Type, By End User, and Region Analysis 2019-2030
Bio-Based Polymer Market size was valued US$ 6,742.2 million in 2023 and expected to reach US$ 9,832.2 million by 2030, at a CAGR of 6.3% from 2024-2030. Some of the key factors responsible for the market growth include favorable government policies, increasing adaptation in automotive applications, increasing use in the packaging end-use industry and availability of feedstock. It is acclaimed that biopolymers costs two times more than conventional. Continuation of high crude oil and natural gas prices will allow biopolymers to become more cost-competitive with petroleum-based resins. However, the amount of large-scale industrial production of biopolymers which will be more common in the future with the implementation of cost reduction is expected.
In addition, high growth in emerging economies provides huge growth opportunity for the market. This report studies global bio-based polymer market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global bio-based polymer market report includes human demographics, regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global bio-based polymer market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.3%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
Conventional plastics continue to benefit society in innumerable ways, even though recent public focus on plastics has centered mostly on human health and environmental concerns, including endocrine-disrupting properties and long-term pollution. Plastics are composed of a network of molecular monomers bound together to form macromolecules of infinite use in human society. Different human health problems like irritation in the eye, vision failure, breathing difficulties, respiratory problems, liver dysfunction, cancers, skin diseases, lungs problems, headache, dizziness, birth effect, reproductive, cardiovascular, genotoxic, and gastrointestinal causes for using toxic plastics. Hence, biopolymers and, especially, biobased plastics have increased their demand to replace conventional plastics to address environmental and human concerns.
Asia Pacific accounted for larger revenue share in global bio-based polymer market with considerable CAGR. The growth in this region can be attributed to increase in demand for bio-based polymers from consumer goods, encouraging government rules and huge availability of raw materials. Dynamic textile consumption as well as production is likely to further support the growth of the market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6,742.2 million |
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Market Size in 2030 |
US$ 9,832.2 million |
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Market CAGR |
6.3% |
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By Type |
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By End-User |
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By Region |
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The bio-based polymer market size was valued at US$ 6,742.2 million in 2023 and is set to reach US$ 9,832.2 million by 2030 at a CAGR of 6.3% from 2024-2030
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players BASF (Germany), Biome Bioplastics (UK), Bio-On (Italy), Braskem (Brazil), Mitsubishi Chemical Corporation (Japan), NatureWorks (US), Novamont (Italy), Plantic Technologies (Australia), Toray Industries (Japan), Total Corbion PLA (Netherlands)
| 1. Executive Summary |
| 2. Global Bio-Based Polymer Market Introduction |
| 2.1.Global Bio-Based Polymer Market - Taxonomy |
| 2.2.Global Bio-Based Polymer Market - Definitions |
| 2.2.1.Type |
| 2.2.2.End-User |
| 2.2.3.Region |
| 3. Global Bio-Based Polymer Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Bio-Based Polymer Market Analysis, 2019 -2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Bio-Based Polymer Market By Type, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Non-Biodegradable Biopolymers |
| 5.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Biodegradable Biopolymers |
| 5.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Bio-Based Polymer Market By End-User, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Consumer Goods |
| 6.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Packaging |
| 6.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Automotive |
| 6.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Agriculture |
| 6.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Textile |
| 6.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Bio-Based Polymer Market By Region, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Bio-Based Polymer Market, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Non-Biodegradable Biopolymers |
| 8.1.2.Biodegradable Biopolymers |
| 8.2. End-User Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Consumer Goods |
| 8.2.2.Packaging |
| 8.2.3.Automotive |
| 8.2.4.Agriculture |
| 8.2.5.Textile |
| 8.2.6.Others |
| 8.3. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Bio-Based Polymer Market, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Non-Biodegradable Biopolymers |
| 9.1.2.Biodegradable Biopolymers |
| 9.2. End-User Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Consumer Goods |
| 9.2.2.Packaging |
| 9.2.3.Automotive |
| 9.2.4.Agriculture |
| 9.2.5.Textile |
| 9.2.6.Others |
| 9.3. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Bio-Based Polymer Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Non-Biodegradable Biopolymers |
| 10.1.2.Biodegradable Biopolymers |
| 10.2. End-User Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Consumer Goods |
| 10.2.2.Packaging |
| 10.2.3.Automotive |
| 10.2.4.Agriculture |
| 10.2.5.Textile |
| 10.2.6.Others |
| 10.3. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Bio-Based Polymer Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Non-Biodegradable Biopolymers |
| 11.1.2.Biodegradable Biopolymers |
| 11.2. End-User Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Consumer Goods |
| 11.2.2.Packaging |
| 11.2.3.Automotive |
| 11.2.4.Agriculture |
| 11.2.5.Textile |
| 11.2.6.Others |
| 11.3. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Bio-Based Polymer Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Non-Biodegradable Biopolymers |
| 12.1.2.Biodegradable Biopolymers |
| 12.2. End-User Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Consumer Goods |
| 12.2.2.Packaging |
| 12.2.3.Automotive |
| 12.2.4.Agriculture |
| 12.2.5.Textile |
| 12.2.6.Others |
| 12.3. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.BASF (Germany) |
| 13.2.2.Biome Bioplastics (UK) |
| 13.2.3.Bio-On (Italy) |
| 13.2.4.Braskem (Brazil) |
| 13.2.5.Mitsubishi Chemical Corporation (Japan) |
| 13.2.6.NatureWorks (US) |
| 13.2.7.Novamont (Italy) |
| 13.2.8.Plantic Technologies (Australia) |
| 13.2.9.Toray Industries (Japan) |
| 13.2.10.Total Corbion PLA (Netherlands) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.