Global Biopolymers Market: Snapshot

The global biopolymers market is exhibiting rapid growth owing to the increasing consideration to save the environment and stringent regulations that monitor the use of conventional polymers to be within permissible limit.

The easy availability of feedstock for the production of biopolymers is also stoking growth of the global biopolymers market. Starch, sugar, natural fibers, and other organic compounds are some of the sources of biopolymers that are combined in varying proportion to make biopolymers that are biodegradable in nature.

Proving to be a roadblock to the market’s growth is the high cost of biopolymer production and insufficient infrastructure in emerging economies for the production of biopolymers.

A report by Transparency Market Research (TMR), predicts the global biopolymers market to expand at an impressive 14.0% CAGR between 2017 and 2025, for the market to become worth US$7,774.7 mn by the end of 2025 from US$2,422.1 mn in 2016.


Biodegradable Polyesters to Remain Posting Strong Growth

The report studies the global biopolymers market on the basis of type, application, and region. Based on type, the biopolymers market can be classified into bio-PET, bio-PE, biodegradable polyesters, biodegradable starch blends, PLA, PTT, PHA, and others. Of them, biodegradable polyesters occupy the leading share in the overall market for biopolymers. This, along with bio-PET and bio-PE occupy a significant share of the market. This is mainly because of the excellent biodegradability and biocompatibility attributes of biopolymers. Apart from this, bio-PET, bio-PE, and biodegradable polyesters exhibit enhanced barrier properties coupled with a considerable mechanical strength that accounts for their considerably high demand from packaging, agriculture, electronics, textiles, consumer goods, and construction sectors.

In terms of application, the market has been categorized into packaging, textiles, consumer goods, agriculture, automotive, electronics, construction, and others. Packaging, among all, occupies the leading market share vis-à-vis revenue owing to the sustainability and biodegradability features of biopolymers. The favorable physical properties of biopolymers further add to the increased market share of packaging application segment. Bio-PET, bio-PE, and PLA types are predominantly used in the packaging industry as they display resistance to oil-based products and sealing at lower temperatures.

Agriculture is estimated to exhibit the leading growth rate among all over the forecast period. This is because the barrier properties and functional attributes of biopolymers are useful to enhance plant productivity. Advancement in agriculture practices will fuel the demand for biopolymers in the agriculture sector.

Asia Pacific to Emerge Lucrative in Future

Geography-wise, the global biopolymers market can be classified into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In 2016, Europe stood as the leading biopolymers market. Proliferating at a CAGR of 13.78% between 2017 and 2025, the revenue contribution of this regional market will increase to US$3,082.38 mn by 2025 end from its estimated revenue contribution of US$1,097.62 mn in 2017. Some other factors contributing to the growth of this regional market include a high degree of environmental awareness and stringent norms by the European Union for the adoption of environment friendly products.

However, Asia Pacific is anticipated to display the leading growth rate for the forecast period between 2017 and 2025. Rapid industrialization coupled with changing lifestyle and rising purchasing power in countries such as China and India account as key factors for the growth of this regional market.

North America holds a substantial share in the overall biopolymers market as the region is home to some key vendors for biopolymers. Likewise, the Middle East and Africa and Latin America are anticipated to display remarkable growth between 2017 and 2025.

Some of the leading players of the global biopolymers market are BASF SE, E.l.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, and Galatea Bio Tech.

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

  • Bio-PET
  • Bio-PE
  • Biodegradable Polyesters
  • Biodegradable Starch Blends
  • PLA
  • PTT
  • PHA
  • Others

Biopolymers Market: Application Analysis

  • Packaging
  • Textiles
  • Consumer Goods
  • Agriculture
  • Automotive
  • Electronics
  • Construction
  • Others

Biopolymers Market: Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA