Bio-Based Polymer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Bio-Based Polymer Market: By Type (Non-Biodegradable Biopolymers and Biodegradable Biopolymers), End User (Consumer Goods, Packaging, Automotive, Agriculture, Textile and Others) and Geography

 

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Report

Description

The global bio-based polymer market size valued USD 6462.2 million in 2020 and expected to reach USD 9504.2 million by 2027, at a CAGR of 5.4% during the forecast period 2021-2027. 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, which will allow biopolymers to become more cost-competitive with petroleum-based resins. However, the amount of large-scale industrial production of biopolymers which are 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).

Bio-Based Polymer Market

MARKET SUMMARY
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5.4% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.4%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Bio-Based Polymer Market

  • The report on global bio-based polymer market gives historical, current and future market sizes (US$ Mn) based on type, end user and region.
  • bio-based polymer market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global bio-based polymer market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global bio-based polymer products.
Key Players
  • BASF
  • Biome Bioplastics
  • Bio-On
  • Braskem
  • Mitsubishi Chemical Corporation
  • NatureWorks
Bio-Based Polymer Market

Drivers And Restraints

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 got significant share

Bio-Based Polymer Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Bio-Based Polymer Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • 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)

Description

The global bio-based polymer market size valued USD 6462.2 million in 2020 and expected to reach USD 9504.2 million by 2027, at a CAGR of 5.4% during the forecast period 2021-2027. 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, which will allow biopolymers to become more cost-competitive with petroleum-based resins. However, the amount of large-scale industrial production of biopolymers which are 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).

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX