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Bio-Based Polymer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732620
The global bio-based polymer market size reached US$ 7.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 10.9 Billion by 2028, exhibiting a CAGR of 6.19% during 2022-2028.

Bio based polymers refer to resins obtained from biological resources, such as algae, microorganisms, and plants. Synthetized directly or via monomer synthesis followed by polymerization, the primary biomass feedstock used in their manufacturing generally includes biogenic by-products, especially glycerol from biodiesel production. Since these polymers can help replace fossil carbon in the production process with renewable carbon from biomass, they are popularly used as an alternative solution for conventional plastics. Some of the advantages offered by these polymers include improved resistance to food fats, excellent clarity and gloss, a high aroma barrier, and exceptional twist retention and printability. As a result, bio based polymers find widespread applications across a broad array of industries, including food and beverages (F&B), agriculture, textiles, electronics, packaging, and healthcare.

Bio-Based Polymer Market Trends:

The market is majorly driven by an enhanced focus on sustainable development. With the rising focus on reducing the dependency on conventional plastics, numerous global organizations are now promoting the uptake of biodegradable food-grade alternatives for beverage and snack packaging. Moreover, favorable policies and regulations undertaken by several government bodies across the globe are creating lucrative opportunities for key players in the market. Governments are not only discouraging the adoption of synthetic polymers but also implementing additional charges on the usage of conventional plastics in shopping and packaging applications. The market is further driven by the escalating shift toward green chemicals in multiple end-use industries. Some of the other factors contributing to the market growth include the augmenting preference for green polyethylene (PE) prepared using the process of microbial fermentation and the growing awareness regarding the ease of disposing biodegradable polymers.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global bio-based polymer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

  • Polyethylene (PE)
  • Polyamide (PA)
  • Polylactic Acid (PLA)
  • Polyethylene Terephthalate (PET)
  • Others

Breakup by Application:

  • Packaging
  • Textile
  • Automotive
  • Industrial
  • Agriculture
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., BASF SE, Biome Bioplastics Limited, Corbion N.V., FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Rodenburg Productie B.V., thyssenkrupp AG and Toray Industries Inc.

Key Questions Answered in This Report:

  • How has the global bio-based polymer market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bio-based polymer market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bio-based polymer market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Bio-Based Polymer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Polyethylene (PE)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyamide (PA)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polylactic Acid (PLA)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Polyethylene Terephthalate (PET)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Application
7.1 Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Textile
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Industrial
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Agriculture
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Arkema S.A.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 BASF SE
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Biome Bioplastics Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Corbion N.V.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 FKuR Kunststoff GmbH
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Kuraray Co. Ltd.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Mitsubishi Chemical Holdings Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Novamont S.p.A.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Rodenburg Productie B.V.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 thyssenkrupp AG
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Toray Industries Inc.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis

List of Figures
Figure 1: Global: Bio-Based Polymer Market: Major Drivers and Challenges
Figure 2: Global: Bio-Based Polymer Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Bio-Based Polymer Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Bio-Based Polymer Market: Breakup by Type (in %), 2022
Figure 5: Global: Bio-Based Polymer Market: Breakup by Application (in %), 2022
Figure 6: Global: Bio-Based Polymer Market: Breakup by Region (in %), 2022
Figure 7: Global: Bio-Based Polymer (Polyethylene-PE) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Bio-Based Polymer (Polyethylene-PE) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Bio-Based Polymer (Polyamide-PA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Bio-Based Polymer (Polyamide-PA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Bio-Based Polymer (Polylactic Acid-PLA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Bio-Based Polymer (Polylactic Acid-PLA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Bio-Based Polymer (Polyethylene Terephthalate-PET) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Bio-Based Polymer (Polyethylene Terephthalate-PET) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Bio-Based Polymer (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Bio-Based Polymer (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Bio-Based Polymer (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Bio-Based Polymer (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Bio-Based Polymer (Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Bio-Based Polymer (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Bio-Based Polymer (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Bio-Based Polymer (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Bio-Based Polymer (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Bio-Based Polymer (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Bio-Based Polymer (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Bio-Based Polymer (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Bio-Based Polymer (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Bio-Based Polymer (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: United States: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: United States: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Canada: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Canada: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia-Pacific: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia-Pacific: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: China: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: China: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Japan: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Japan: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: India: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: India: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South Korea: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South Korea: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Australia: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Australia: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Indonesia: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Indonesia: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Others: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Others: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Europe: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Europe: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Germany: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Germany: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: France: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: France: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United Kingdom: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United Kingdom: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Italy: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Italy: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Spain: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Spain: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Russia: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Russia: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Brazil: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Brazil: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Mexico: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Mexico: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Middle East and Africa: Bio-Based Polymer Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Middle East and Africa: Bio-Based Polymer Market: Breakup by Country (in %), 2022
Figure 77: Middle East and Africa: Bio-Based Polymer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Bio-Based Polymer Industry: SWOT Analysis
Figure 79: Global: Bio-Based Polymer Industry: Value Chain Analysis
Figure 80: Global: Bio-Based Polymer Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Bio-Based Polymer Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Bio-Based Polymer Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Bio-Based Polymer Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Bio-Based Polymer Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Bio-Based Polymer Market: Competitive Structure
Table 6: Global: Bio-Based Polymer Market: Key Players

Companies Mentioned

  • Arkema S.A.
  • BASF SE
  • Biome Bioplastics Limited
  • Corbion N.V.
  • FKuR Kunststoff GmbH
  • Kuraray Co. Ltd.
  • Mitsubishi Chemical Holdings Corporation
  • Novamont S.p.A.
  • Rodenburg Productie B.V.
  • thyssenkrupp AG
  • Toray Industries Inc.

Methodology

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