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

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Bio-Based Polymer Market size valued USD 6,462.2 million in 2022 and expected to reach USD 9,504.2 million by 2029, at a CAGR of 5.4% during the forecast period 2023-2029. 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).

Global Bio Based Polymer Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.4%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Bio-Based Polymer Market Dynamics

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.

Key Features of the Reports

  • The bio-based polymer market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors 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 startups 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 Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Bio Based Polymer Market Segmentation

By Type
  • Non-Biodegradable Biopolymers
  • Biodegradable Biopolymers
By End-User
  • Consumer Goods
  • Packaging
  • Automotive
  • Agriculture
  • Textile
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Frequently Asked Questions

The bio-based polymer market size was valued at USD 6,462.2 million in 2022.

The bio-based polymer market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The bio-based polymer 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, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Non-Biodegradable Biopolymers
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Consumer Goods
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 
  • 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)

Adjacent Markets