Global Biopolymers Market: Overview
Biopolymers are biomass-derived polymers, and furthermore bio-degrade with the activity of heat, microorganisms, and dampness. Biopolymers can be made by left-over starch from a harvest that has been developed for food products. Expanded utilization of bio-polymers would decrease the reliance on petroleum derivatives in the coming years. Bio-polymers are being utilized to grow elite coatings which can enhance the first properties of the plastic layer underneath. There is a growing demand to supplant the manufactured polymers utilized in packaging applications and to decrease the overall amount of plastic utilized. The growing concerns towards sustainable environment is anticipated to offer powerful prospects for biopolymers and plastics in the coming years.
The report gives a detailed account of the global biopolymers market while providing a rich analysis of the market situation, with in-depth focus on its drivers, opportunities, restraints and trends. The report also looks into the effect of product in related industries and application areas. The global reports provides exhaustive information on the procedures that current vendors in the market could attempt so as to pick up momentum in the business, alongside an examination on entry points for new players. The market intelligence study represents an intensive guide on the global market for biopolymers over the forecast duration mentioned.
As per TMR analysts, the global market for biopolymers is likely to reach an evaluation of US$7,774.7 mn by the end of 2025, rising from US$2,422.1 mn in 2016. Over the forecast period of 2017 to 2025, the market is prognosticated to grow at 14.0% CAGR.
Automotive to Remain Key Application Area
On the basis of type, the global biopolymers market has been segmented into biodegradable polyesters, bio-PET, biodegradable starch blends, bio-PE, PTT, PLA, PHA, and some others. Out of these, the type of biodegradable polyester holds substantial market share. This could be attributed to the exceptional properties of biocompatibility and biodegradability that it offers. Bio-PE, and bio-PET are also expected to demonstrate high growth potential over the forecast period due to high demand from several applications such as consumer goods, packaging, agriculture, construction, and electronics.
Based on application, the market is segmented into textiles, agriculture, consumer goods, construction, electronics, packaging, and others. Among these, packaging is an application segment that is predicted to witness leading market share in terms of revenue. The growth of this segmented could be ascribed to the sustainability and biodegradability offered by biopolymers. Additionally, agriculture is an application segment that is expected to demonstrate high growth potential over the forecast period, and is expected to surpass demand among all the application segments. The technological advances in agriculture are likely to fuel demand for biopolymers in this application segment in forthcoming years.
Asia Pacific to Exhibit High Growth Potential
The report analyzes the geographical aspect of the global biopolymers market by segmenting the international market in to five key regions- Asia Pacific, Europe, North America, South America, and the Middle East and Africa.
In 2016, Europe led the global biopolymers market, generating a revenue US$1,097.62 mn in 2017, which is estimated to rise to US$3,082.38 mn by 2025. An awakened awareness toward maintaining the environmental balance, coupled with implementation of stringent regulation by the European Union for adaption of eco-friendly products are the key factors supporting the growth of this regional market.
Over the forecast period, Asia Pacific is expected to register leading rate of growth in the global biopolymers market. Escalating industrial activities, growing purchasing power of people and rapid urbanization are the pivotal factors contributing to the rise of the Asia Pacific regional market.
Key vendors operating in the global biopolymers market are NatureWorks LLC, E.l.du Pont de Nemours and Company, Galatea Bio Tech, FMC Biopolymer A.S., Novamont SpA, BASF SE, Total Corbion, and Danimer Scientific, among several others.
Global Biopolymers Market: Overview
This report analyzes and forecasts the market for biopolymers at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Kilo Tons) from 2017 to 2025. The study includes drivers and restraints of the global biopolymers market. It also covers the impact of these drivers and restraints on demand for biopolymers during the forecast period. The report also highlights opportunities in the biopolymers market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global biopolymers market. Porter’s Five Forces model for the biopolymers market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
Global Biopolymers Market: Scope of Study
The report provides the estimated market size of biopolymers for 2016 and forecast for the next eight years. The global market size of biopolymers has been provided in terms of revenue and volume. Market numbers have been estimated based on type, and application segments of biopolymers market. Market size and forecast for each major type and application have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, type, and applications across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Biopolymers Market: Market Segmentation
The study provides a decisive view of the global biopolymers market by segmenting it in terms of type, and application. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for biopolymers in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual type, and applications in all the regions.
Global Biopolymers Market: Competitive Landscape
The study includes profiles of major companies operating in the global biopolymers market. Key players in the biopolymers market include BASF SE, E.I. du Pont de Nemours and Company, FMC BioPolymer A.S., Plantic Technologies Ltd., Archer Daniels Midland Company, NatureWorks LLC, Novamont SpA, Danimer Scientific, Total Corbion, Galatea Bio Tech, among others. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, and recent developments.
The report segments the global biopolymers market as follows:
Biopolymers Market: Type Analysis
- Biodegradable Polyesters
- Biodegradable Starch Blends
Biopolymers Market: Application Analysis
- Consumer Goods
Biopolymers Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA