Global Biopolymers Market, By Type (Bio-PE, Bio-PET, Polyactic Acid (PLA), Polyhydroxyalkanoate (PHA), Biodegradable Polyesters, Others), Application (Films, Bottles, Fibers, Seed Coating, Vehicle Components, Medical Implants, and Others), End-Use (Packaging, Agriculture, Automotive, Pharmaceutical, Construction, Others) – Industry Trends and Forecast to 2030.
Biopolymers Market Analysis and Size
Warm solidity, flexibility, resistance to gases, water, protection against synthetic materials, biocompatibility, and biodegradability are characteristics of biopolymers that are mostly required in the consumer products sector. Furniture made of biopolymers includes chairs, tables, racks, pantries, and other pieces, as well as personal care products like lipsticks, fresh napkins, pressed powder, and lotions.
Data Bridge Market Research analyses that the global biopolymers market which was USD 7.76 billion in 2022, would rocket up to USD 10.70 billion by 2030, and is expected to undergo a CAGR of 4.1% during the forecast period. “Biodegradable polyesters” is expected to dominate the type segment of the biopolymers market due to they often have low melting points, low glass transition temperatures, and poor hydrolytic stability, which means that when exposed to moisture, they will absorb moderate to high amount of water.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Biopolymers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Bio-PE, Bio-PET, Polyactic Acid (PLA), Polyhydroxyalkanoate (PHA), Biodegradable Polyesters, Others), Application (Films, Bottles, Fibers, Seed Coating, Vehicle Components, Medical Implants, and Others), End-Use (Packaging, Agriculture, Automotive, Pharmaceutical, Construction, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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NatureWorks (US), Braskem (Brazil), BASF SE (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), among others
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Market Opportunities
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Market Definition
Biopolymers are synthetic materials that are made from feedstocks like corn, sugar cane, standing lumber, and leftover wood. In contrast to conventional polymers or plastics, which contribute to pollution and global warming, biopolymers are biodegradable in nature. It is anticipated that the utilization of bio-based polymers would become more popular. Traditional plastics made from petroleum are viewed as less sustainable than biopolymers since they cannot harm the environment and can be broken down by natural processes. Food, pharmaceutical, and biomedical sectors are just a few of the ones that use biopolymers. In the biomedical industry, biopolymers are highly sought-after due to their exceptional healing properties. All types of wounds benefit from the use of biopolymers in their healing process.
Biopolymers Market Dynamics
Drivers
- The growing understanding of the harm caused by traditional plastics
A movement toward biopolymers has occurred as a result of growing awareness of the damaging effects of traditional plastics on the environment. Traditional plastics made of petrochemicals contain dangerous compounds that can seep into food and beverages and cause a variety of health issues. Contrarily, because biopolymers are created using natural and secure components, there is no chance of being exposed to hazardous substances. The market for biopolymers is expanding as a result of consumer and commercial demand for safer and healthier goods in place of conventional plastics.
Customers are expecting more ecologically friendly items as they become more aware of their carbon footprints. Governments all across the globe are working to decrease plastic waste by outlawing single-use plastics and pushing the use of environmentally friendly packaging alternatives. Future predictions predict that this trend will continue as businesses and consumers become increasingly conscious of the negative environmental effects of conventional plastics derived from petrochemicals.
- A shift in consumers' preference toward biodegradable plastics
Along with efforts to cut back on the use of conventional, non-biodegradable plastics and increase awareness of sustainable plastic alternatives, the market for bioplastics is growing. Since conventional plastics are mostly composed of petroleum and take decades to decompose, they can spend a lot of time in landfills. Microorganisms break down biodegradable polymers at a far quicker pace than they do traditional plastics. Biodegradable plastics may be absorbed back into the natural system and degrade more quickly when they are disposed of. As a consequence of increased consumer awareness, more people are moving to biopolymers.
Opportunities
- Newer applications are being developed in the packaging and agriculture sectors.
Similar to conventional polymers, bio-based polymers have a wide range of uses. The market for bio-based polymers is anticipated to see tremendous development prospects in applications for consumer products due to the government's increased focus on sustainability and supportive green procurement rules. It is also anticipated that the packaging application would expand significantly. There are several uses for biodegradable mulch films in the agricultural sector. Trays, cutlery, and cups are only a few examples of the significant and highly demanding applications of bio-based polymer in the food packaging industry.
Restraints/Challenges
- Biopolymers are more expensive than conventional polymers.
The expansion of the market in various application segments is constrained by the higher cost of bioplastics compared to conventional polymers. The cost of producing bio-based polymers is typically 20–100% more expensive than that of conventional polymers. The main reason for this is that bio-based polymers have high polymerization costs since the vast majority of their cycles are still in their infancy and have not yet reached economies of scale. PHAs, for example, have high production costs, poor yields, and limited availability while having several uses in fasteners, made papers, therapeutic devices, electronic components, food packaging, and agribusiness. Even while PLAs are more expensive than PE and PP made from oil, they have a lower cost of production than PHAs. Generally speaking, bio-based products are still in the development stage and have not yet reached the same level of marketing as their petrochemical counterparts, which have been expanding swiftly for more than 50 years.
This biopolymers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biopolymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In October 2022, I'm Green TM biopolymers, which are plastics made from sugarcane, are now being produced by Braskem, the world's largest producer of biopolymers and America's largest resin maker. Braskem is investing over USD 60 million to boost its I'm Green TM biopolymer production capacity by 30%. This demonstrates Braskem's commitment to the circular economy and its objective of becoming carbon neutral by 2050, and it is a crucial step toward a global change in the industry as a whole. The company is also investigating the possibility of setting up a new I'm Green TM biopolymer factory in Thailand
- In July 2022, A novel rice-derived biopolymer for mattifying skin care products has been introduced by BASF SE. According to BASF SE's care creation business, Verdessence RiceTouch is a natural sensory powder made from non-GMO rice farmed in the European Union. The newly developed cosmetic ingredient was developed to absorb various oils, hence eliminating greasy flavors in products and skin greasiness
Global Biopolymers Market Scope
The biopolymers market is segmented on the basis of type, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bio-PE
- Bio-PET
- Polyactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Biodegradable Polyesters
- Others
Application
- Films
- Bottles
- Fibers
- Seed Coating
- Vehicle Components
- Medical Implants
- Others
End-Use
- Packaging
- Agriculture
- Automotive
- Pharmaceuticals
- Construction
- Others
Biopolymers Market Regional Analysis/Insights
The biopolymers market is analysed and market size insights and trends are provided by country, type, application, and end-use as referenced above.
The countries covered in the biopolymers market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Asia-Pacific is expected to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. This is a result of rising environmental concerns, a desire for sustainable resources, and favourable government policies and laws that encourage the use of bio-based goods in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Biopolymers Market Share Analysis
The biopolymers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biopolymers market.
Some of the major players operating in the biopolymers market are:
- NatureWorks (US)
- Braskem (Brazil)
- BASF SE (Germany)
- Total Corbion (Netherlands)
- Novamont (Italy)
- Biome Bioplastics (UK)
- Mitsubishi Chemical Holding Corporation (Japan)
- Biotec (Germany)
- Toray Industries (Japan)
- Plantic Technologies (Australia)
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