The biopolymers market size at the global level was worth USD 3.6 billion in 2022 and is expected to reach USD 6.5 billion by 2030, growing with a CAGR of 17.2% during the forecast period.
Biopolymers are those polymeric substances or materials that are produced from feedstock like corn and sugar cane or some standing timber or residual wood. Biopolymers are biodegradable unlike other conventional polymers or plastics leading to different environmental concerns like pollution and global warming.
Different types of biopolymers are sugar-based biopolymers, cellulose-based biopolymers, synthetic-based polymers, and natural polymers.
Impact of COVID 19 on Global Biopolymers Market
The sudden emergence of the novel coronavirus (COVID-19) has brought the world to a standstill. The whole world is witnessing adverse effects on financial and social sectors, and all global industries are facing some challenges. During the pandemic period, the bio-based sector has a mixed impact, with several companies assisting technological solutions to fight the virus. Whereas, the other sectors are witnessing growing demand for biodegradable takeaway containers.
Strict regulations imposed for using conventional plastic bags propels the biopolymers market growth. The key players are focusing on adopting their strategies like developments in technology to toughen their presence in the biopolymers market globally. Biopolymers are widely used in the pharmaceutical industry for biomedical applications in healing wounds of any size, depth, and shape.
The increasing environmental regulations and the governments across the globe are creating awareness, and a surging number of bans on conventional plastics are some drivers booming the biopolymers market growth during the period globally. The consumer's lifestyles are changing globally, the food and pharmaceutical industries are rising quickly at a rate and increasing product launches are creating some opportunities for the global biopolymers market.
Factors like high production cost resulting in higher cost of biopolymers impede the biopolymers market growth during the forecast period.
Market Size Available
2022 – 2030
2022 – 2030
By Product Type, Application, End User, and Region
North America, APAC, Europe, LATAM, MEA
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The global Biopolymers market has been segmented and sub-segmented based on the following categories:
Based on the type, the bio-based polyethylene terephthalate (PET) segment accounts to hold the largest share in the biopolymers market in 2018. The segment growth owes to properties like decomposable and recyclability and the Bio-PET composition is obtained from 30% of the plant-based ethylene glycol and 70% of the terephthalic acids. Bio-based PET is used in producing bags, bottles, carpets, foils, sanitary products, and cosmetic containers.
By application, the packaging segment is witnessing a substantial market in the global polymers market due to the growing food-packaging industry. The high standards of living, growing focus on health and hygiene escalate the application segment in the global biopolymers market growth.
By end-user, the food and beverages segment contributes a major share of 51% in the biopolymers market globally. Biopolymers are majorly used in the food and beverages market due to the manufacture of cellophane sheets extremely used for food packaging.
Geographically, North America is the largest market for biopolymers, consuming 1/3rd of the complete demand for biopolymers. The high adoption of biopolymers in the construction and automobiles industry and rising consumer choice for biodegradable products boost the biopolymers market growth.
The European biopolymers market is expected to have a substantial growth rate during the timeline period. The region's growth depends on factors like increasing initiatives taken by the government to decrease the use of conventional plastic. For example, the consumers cannot use over 90 bags, which is lower than the EU average of 200 bags a year.
The European Biomass Industry Association in its namesake continent has made certain efforts to surge the growing use of the biopolymers market.
Asia-Pacific is experiencing prominent growth in the biopolymers market in 2018 and is likely to continue its prominence throughout the forecast period. The escalating demand for plastics, and increasing packaging industry boom the market growth. China is the largest producer in the biopolymers market globally. The Chinese government policies have imposed a ban on non-biodegradable plastics, and available manufacturers have moved to bioplastic production meeting the demand for bioplastic propel the market growth.
The Indian biopolymers market is experiencing considerable growth during the period. As per the Indian Brand Equity Foundation report on Engineering and Capital Goods, the requirement for plastics used in packaging in India is expected to reach 9million tons by 2022, published in September 2017.
In Latin America, Braskem's bioplastic is recognized as one of Brazil's most transformational cases in sustainable developments.
The Middle East & African region is anticipated to have a healthy growth rate in the biopolymers market globally. The wide use of biopolymers in the agricultural industry like seed coating, silage firms, and others. The region is expected to have sluggish and constant developments in the global biopolymers market growth.
Key Market Players
BASF SE, NatureWorks LLC, Braskem S.A., Novamont S.p.A., E.I. Du Pont De Nemours and Company, Plantic Technologies Ltd, Archer Daniels Midland Company, Danimer Scientific, Bio-on S.p.A., and Rodenburg Biopolymers B.V. are some of the major players operating in the global biopolymers market.
Notable Happenings in the global Biopolymers Market
Biopolymers Market - Forecast (2023 - 2030)
Chapter 1. Biopolymers Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Biopolymers Market – Executive Summary
2.1. Market Size & Forecast – (2022 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2030
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Biopolymers Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Biopolymers Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Biopolymers Market – Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Biopolymers Market – By Product Type
6.1. Bio-based Polyesters
6.1.1. Polylactic Acid (PLA)
6.1.2. Polyhydroxybutyrate (PHB)
6.1.3. Polybutylene Succinate (PBS)
6.1.4. Polybutylene Succinate Adipate (PBSA)
6.1.5. Polytrimethylene Terephthalate (PTT)
6.1.6. Polyethylene Terephthalate (Bio -PET)
6.2. Bio-based Polyolefins
6.3. Bio-based Polyamides (Bio-PA)
6.3.2. Bio -PA 6
6.3.3. Bio -PA 11
6.3.5. Bio -PA 4.10 – Bio -PA 5.10 – Bio -PA 6.10
6.3.6. Bio -PA 10.10
6.5. Polysaccharide Polymers
6.5.1. Cellulose -based Polymers
6.5.2. Regenerated Cellulose
6.5.3. Cellulose Diacetate
6.5.4. Starch -based Polymers
6.5.5. Thermoplastic Starch (TPS)
6.5.6. Starch Blends
Chapter 7. Biopolymers Market – By Application
7.4. Paper & Cardboard Coatings
7.5. Agricultural Seed Coatings
7.6. Automotive Interiors & Exteriors
7.7. Medical Implants
7.8. Circuit Boards
Chapter 8. Biopolymers Market – By End User
8.1. Food & Beverage Industry
8.2. Packaging Industry
8.3. Bio-Medical Industry
8.4. Agriculture & Horticulture Industry
8.5. Electrical & Electronics Industry
8.6. Automotive Industry
8.7. Textile Industry
8.8. Consumer Goods
8.9. Pharmaceutical Industry
8.10. Aerospace Industry
8.11. Construction Industry
Chapter 9. Biopolymers Market , By Geography – Market Size, Forecast, Trends & Insights
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.2. South Korea
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.3. South America
Chapter 10. Biopolymers Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5. Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
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