Biopolymers Market Overview
The report is titled ‘Biopolymers Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks and analytical approaches of the biopolymers market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market.
The biopolymers market is estimated to reach at a value of US$ 13,627.0 Mn by the end of 2022 and expected to reach at a value of US$ 32,839.9 Mn by 2030 with a significant CAGR of 11.7%.
Biopolymers Overview
Biopolymers can be simply perceived as polymers generated from organic sources either chemically synthesized from biological material or completely biosynthesized by living organisms. The biopolymers are composed of monomeric units bound jointly to form larger molecules.
Since biopolymers are obtained from living organisms like microbes and plants, they are a renewable resource, contrary to the majority of the polymers are petroleum-based polymers. Additionally, biopolymers are largely promising substances on account of their properties like biocompatibility, abundance, and unparalleled properties like non-toxicity among others.
Increase usage of biopolymers in packaging
Biopolymers are gaining enormous application in the packaging domain, which is majorly projected to drive market growth in the following years. Biopolymers hold a prominent utility in food coatings, food packaging materials, and encapsulation plates for functional foods. They possess an exclusive range of solutions to improve the product shelf-life while also lowering the complete carbon footprint associated with food packaging. Also, it is noteworthy that starch and polylactic acid (PLA) are two of the most manufactured bioplastics, which serve majorly in commercial packaging worldwide. Owing to this, the global biopolymer market is projected to grow considerably over the years.
Other than that, the leading players in the market are aiming their focus on product launches and product advancements to enhance their product portfolio and dominate the market. For instance, in June 2022, BASF launched VerdessenceTM RiceTouch, a new biopolymer for a smooth and powdery light skin feel, suitable for a comprehensive range of personal care products. Attributing to such factors, the global biopolymers market is estimated to witness breakthroughs over the forecast period.
Regional Market Outlook
In terms of geography, the biopolymers market can be divided into six regions – North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. China & the rest of APAC are dominating the global biopolymers market, due to the heavy usage of biopolymers in commercial packaging and coating on metal implants. Also, the rapidly soaring population and increasing demand for eco-friendly plastic products are further playing a major role in propelling the biopolymer market growth in APAC.
Biopolymers Market Segmentation
The biopolymers market is segmented based on class, origin, application, end user, and region.
By Class
Biodegradable
PLA
Starch Blends
PHA
PBS
Others (PCL, PBAT)
Non-biodegradable/ Bio-based
BIO-PET
BIO-PABIO-PE
BIO-PTT
Others (BIO-PP, BIO-PEF)
By Origin
Natural Biopolymers
Plants
Animals
Microbials
Synthetic Biopolymers
By Application
Packaging
Medical implants
Automotive interior
Seed coating
Nanotechnology
Others (Cosmetics, Sports)
By End User
Automotive
Agriculture
Construction
Textiles
Others (Consumer goods, Electronics)
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Biopolymers Market Key Players
Some of the key participating players in the biopolymers market are:
BASF SE
NatureWorks
Plantic Technologies Limited (a subsidiary of Kuraray Co., Ltd)
Biome Technologies Ltd.
Mitsubishi Chemical Holdings Corporation
Novamont S.p.A
DuPont de Nemours, Inc.
PTT Global Chemical Public Company Limited
Braskem SA
Rodenburg Biopolymers B.V.
Danimer Scientific Inc.
FUTERRO SA (a subsidiary of Galactic Group)
FMC BioPolymer A.S.
Toray Industries, Inc.
Saudi Basic Industries Corporation (SABIC)
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but are not restricted to):
New product developments and launches
Top Companies Historical Growth Rate
Pricing Impact
Impact of Regulations
Advantages of Biopolymers
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights into the product segment in the report. This helps our clients to make informed decisions.
A mix of the top-down and bottom-up approaches is followed to arrive at and validate our market value estimations. For a product segment where one/two manufacturer(s) dominate the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the market.
To learn more about this report, request a free sample copy
The biopolymers market is estimated to reach at a value of US$ 13,627.0 Mn by the end of 2022 and expected to reach at a value of US$ 32,839.9 Mn by 2030 with a significant CAGR of 11.7%.
The base year for the report is 2021 in biopolymers market.
The biopolymers market is segmented based on class, origin, application, end user, and region
Some of the key participating players in the biopolymers market are BASF SE, NatureWorks, Plantic Technologies Limited (a subsidiary of Kuraray Co., Ltd), Biome Technologies Ltd., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A, DuPont de Nemours, Inc., PTT Global Chemical Public Company Limited, Braskem SA, Rodenburg Biopolymers B.V., Danimer Scientific Inc., FUTERRO SA (a subsidiary of Galactic Group), FMC BioPolymer A.S., Toray Industries, Inc., and Saudi Basic Industries Corporation (SABIC)