Biopolymers Market

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.

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