Global Bio-based Polymers Market Size, Share & Trends Analysis Report By End-user, By Region, and Segment Forecasts, 2023 - 2030
  • Published Date: Nov, 2023
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  • Pages: 200
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Bio-based polymers are polymers produced from renewable raw materials, such as corn or sugarcane. The remaining portion of the polymer may be from fossil fuel-based carbon. Bio-based polymers typically exhibit a reduced carbon footprint and are closely linked to sustainability. As worries regarding the exhaustion of fossil resources and their contribution to global warming in the context of petrochemical-based polymers persist, ongoing efforts focus on developing novel bio-based polymers.

In the future, it is expected that the bio-based polymer market will grow significantly due to the growing global need for green chemicals. Compostability and biodegradability have been the main forces behind the development of bio-based polymers, which is important considering the general public's concern about waste. This increase is driven by significant developments in refining biomass raw materials to produce bio-based building materials and products. This chemical structure makes bio-based polymers more adaptable and versatile, enabling them to achieve the desired properties and functions. These polymers are most useful in applications involving entirely produced, naturally occurring biomolecules, such as biotechnology, healthcare, and commercial applications.

Besides their environmentally beneficial attributes, the bio-based polymer industry presents financial prospects. Creating jobs in the manufacturing, biotechnology, and agricultural sectors is facilitated by developing and manufacturing bio-based polymers, boosting local economies, and encouraging entrepreneurship. Furthermore, companies investing in bio-based polymers can gain a competitive edge and access new markets as governments and regulatory bodies worldwide implement incentives and mandates to promote sustainable materials. Bio-based polymers are becoming more and more competitive as alternatives to traditional plastics due to research and development efforts in this area.

The bio-based polymer market faces several restraints and challenges, including the cost competitiveness of bio-based materials. Bio-based polymers often have higher production costs than petrochemical counterparts, mainly due to the complexities of sourcing and processing renewable feedstocks. This cost differential can limit their widespread adoption in price-sensitive markets. Additionally, issues related to feedstock availability and competition with food production for resources like corn and sugarcane can lead to resource allocation and food security concerns.

The global bio-based polymer market was valued at around US $8.12 BN in 2022 and is expected to reach US $XX by 2030 with a CAGR of ~5.3% during the forecast period.

Factors Driving the Market

Drivers

Increasing consumer adoption of environmentally friendly polymers

The market expansion for bio-based polymers is aided by rising consumer awareness of sustainable plastic alternatives and growing initiatives to phase out conventional plastics that are not biodegradable. Conventional plastics, which are mostly petroleum-based, take decades to pollute the ecosystem and deteriorate the planet. Products made from biomaterials decompose more quickly and readily within the environment. Furthermore, biodegradable plastics break down far more rapidly in the hands of microbes than in the marketplace. One of the most significant environmental issues countries are currently dealing with is the production of plastic garbage and the ensuing unchecked plastic pollution. Governments are investing in developing substitutes and enforcing stringent regulations on disposing of synthetic plastics.

Circular economy initiatives in the bio-polymer market

Recyclability and reusability are fundamental to the design and use of biopolymers in a closed-loop system, which is the focus of circular economy projects in the bio-polymer sector. This implies that bio-polymers are designed to be readily recovered and recyclable from the beginning of development, minimizing the environmental damage of single-use plastics. The intention is to extend the life of bio-polymer materials by recycling and repurposing them to maintain them as long as feasible inside the manufacturing cycle. Waste is reduced, and resources are preserved by incorporating bio-polymers into circular economy models. This lowers the carbon footprint of these materials' whole life cycle and eliminates the requirement for virgin feedstock.

Restrain

High cost of bio-based polymers

The market for biodegradable plastics has not grown as quickly as petroleum-based plastics because bioplastics are more expensive than conventional polymers. Because most bio-sourced polymer cycles are still in development and lack economies of scale, they are more costly than standard ones. For instance, PHAs have high production costs and limited yields despite their many uses in fasteners, produced papers, medical devices, electronic parts, food packaging, and agribusiness. PLAs are even more expensive than PE and PP derived from oil despite their significantly reduced production costs compared to PHAs.

Performance issue of bio-polymers.

Biopolymers' performance and durability attributes limit their use in several industries, such as automotive, electronics, packaging, and agriculture. The limited application of bio-based polymers in the packaging of food, pharmaceuticals, personal care products, and electronics can be attributed to their functional properties, which include a low barrier to air, water, oxygen, and heat. These attributes set them apart from conventional petroleum-based polymers. Compared to traditional petroleum-based plastics, bio-based polymers' low mechanical qualities and limited processing capabilities have hindered their growth and, consequently, their use in industries like automotive and agriculture.

Trends

Change in customer preference toward biodegradable plastics.

The market for bioplastics is growing in tandem with campaigns to increase awareness of sustainable plastic substitutes and decrease the use of traditional, non-biodegradable plastics. Because conventional plastics primarily comprise petroleum and take decades to decompose, they can be left in landfills for extended periods. Biodegradable polymers break down far more quickly than regular plastics due to the activity of microbes. When disposed of, biodegradable polymers degrade rapidly and can be reincorporated into the environment. Because of this growing consumer awareness, more people are transitioning to biopolymers.

Increase demand from the packaging industry.

One of the biggest markets for bio-based polymers is packaging. These polymers have outstanding gloss and clarity, an aroma barrier, and food fats and oils resistance. Furthermore, they give the packaging printability, twist retention, and rigidity. Most supermarket fruit and vegetable packaging, including bottles, envelopes, shopping or carrier bags, bread bags, bakery boxes, and display carton windows, are bio-based polymers. In North America and Europe, the market for packaging made of bio-based polymers is expanding quickly. The FDA and associated organizations are becoming more involved in food safety, encouraging people to use food-grade and biodegradable plastics for snacks and beverages.

Market Segmentation

By Type

The market is divided into Polyethylene (PE), Polyamide (PA), Polylactic Acid (PLA), Polyethylene Terephthalate (PET) and others based on the type. Because of its vast production capacity and strong demand from end-use industries, the polyethylene segment had the highest revenue share in 2022. Oil prices have led to a shift in the manufacturing process whereby microbial polyethylene (PE), also known as green polyethylene (PE), is created by dehydrating ethanol obtained from microbial fermentation. Consequently, the market is seeing a faster growth rate for bio-based polyethylene.

Bio-based polyethylene (Bio-PE) is finding an ever-expanding array of applications across various industries. It is increasingly used in producing consumer goods, including eco-friendly toys, cosmetics packaging, and household items, in response to the growing demand for sustainable and biodegradable products. Bio-PE's versatility extends to the construction sector, where it manufactures pipes, sheets, and profiles, offering a durable and moisture-resistant choice for various building applications. Additionally, Bio-PE plays a crucial role in the medical field, being utilized in developing medical devices and healthcare products, benefiting from its biocompatibility and the reduced environmental impact it brings to these critical applications.

By Application

By Application, The global Bio-based Polymers market is categorized into packaging, textile, automotive, industrial, and agriculture. In terms of application, the packaging application sector held the largest market share worldwide in 2022. Bio-based polymers are transforming the packaging sector by providing environmentally friendly substitutes for conventional plastics derived from petroleum. These novel polymers, which come from plant starches and other renewable resources, offer packaging options that are biodegradable and have a notably less carbon footprint. Bio-based polymers are becoming increasingly popular as consumers' demands for eco-friendly products and environmental concerns grow. They are utilized in various packaging applications, such as bottles, bags, films, and food containers. Bio-based polymers help to create a more sustainable and environmentally friendly packaging ecosystem by addressing the demand for more conscientious packaging decisions and cutting down on plastic waste. Their ongoing implementation demonstrates the packaging industry's dedication to lessening its environmental impact and adopting eco-friendly methods.

By Regions

Europe has the major share of the global market for bio-based polymers. Local government programs and public awareness campaigns have promoted the use of biodegradable polymers in various applications, including food packaging, food services, carrying bags, and organic waste caddy liners. The region's nations have been concentrating on providing more environmentally friendly packaging. As a result, the packaging industry now has a higher need for polylactic acid. One of the top nations in Europe where there has been a rise in demand for packaging made of bio-based polymers is the United Kingdom (UK). A favorable market environment is being created to expand the studied market in the nation by increasing awareness of the sustainability elements of packaging products and recent government initiatives.

The ban on single-use plastics is one of the key factors that will directly impact the market for packaging products produced from bio-based polymers. To combat plastic pollution, the UK government, for example, announced plans in 2021 to outlaw single-use plastic plates, cups, and silverware in England. Promoting bio-based polymer packaging in the nation is spearheaded by many current suppliers and upstarts in the packaging sector. The European Union (EU) addresses the growing environmental and sustainability challenges by putting the European Green Deal into effect while striving towards the 2050 net-zero emissions target. The desire for a more sustainable society is entwined with the European economy's manufacturing, consumption, and disposal of plastic.

The market for bio-based polymers is expanding rapidly in the Asia Pacific area due to a number of important factors. The need for bio-based polymers is rising due to stricter laws on plastic waste, a greater emphasis on sustainability, and rising environmental consciousness. Bio-based polymers are used in packaging, textiles, and automotive industries due to consumer demand for environmentally friendly and biodegradable products brought on by an increasing middle class and growing population. Through collaborations, incentives, and laws, governments and industry players are aggressively encouraging the use of these sustainable materials. As the Asia Pacific continues to embrace the green economy and work towards reducing its carbon footprint, the bio-based polymers market is poised for significant growth, offering economic opportunities and environmental benefits in the region.

The market for bio-based polymers is expanding significantly in North America thanks to the combination of several reasons. First, the creation of sophisticated bio-based polymers with improved qualities is being fueled by a thriving research and innovation environment, broadening the range of industries in which they may find use, including electronics and healthcare. The expansion of bio-based polymers is further fueled by the region's robust agriculture industry, which offers a consistent feedstock supply, including corn and soybeans. Furthermore, collaboration is being fostered by key industry players and sustainability-focused organizations, speeding up the market's progress. North America is positioned as a leader in the global bio-based polymer market due to this region's increased dedication to sustainability and technological breakthroughs in this field.

Competitive Landscape

The global Bio-based Polymers market is concentrated with several players present in the market, namely BASF SE, Arkema Group, PTT Global Chemical Public Company Limited, DowDuPont, Mitsubishi Chemical Holdings Corporation, Corbion, Teijin Limited, Toray Industries, Inc., Kuraray Co., Ltd., Bio-On, Novamont SpA, and Finasucre SA. 

German-based BASF SE is a multinational chemical business that has achieved great progress in creating and manufacturing bio-based polymers. With a large selection of bio-based polymers that cater to different industries, BASF has been a major participant in the market for sustainable materials.

One well-known bio-based polymer BASF produces is "Ecoflex," a polyester that decomposes and is biodegradable. Applications for Ecoflex include agricultural films, biodegradable bags, and other eco-friendly products. It is well known for its capacity to decompose in commercial composting facilities, lessening the adverse effects of plastic waste on the environment.

BASF actively develops and commercializes other biodegradable polymers, such as biodegradable polyamides and polyurethanes. Compared to conventional plastics, these materials provide a more environmentally friendly option by cutting carbon emissions and dependency on fossil fuels.

The company's broader sustainability objectives and commitment to developing creative solutions to address environmental concerns align with BASF's commitment to bio-based polymers. BASF's contributions to the bio-based polymer market are vital in fostering a more sustainable and environmentally conscious future, as the demand for eco-friendly materials keeps rising.

Global chemical giant Arkema Group is well-known for its vigorous involvement in bio-based polymers, which helps to advance the creation of sustainable materials. The business now offers cutting-edge bio-based polymers that serve a variety of industries as part of its expanded product line.

Castor oil is the primary source of "Rilsan," a bio-polyamide, one of Arkema's well-known bio-based polymers. Rilsan is renowned for having outstanding performance qualities, such as flexibility, lightweight nature, and durability. It is used in many industries, such as consumer, automotive, and industrial products, providing a sustainable substitute for conventional plastics.

 Additionally, Arkema manufactures "Pebax," a bio-based elastomer that finds use in various products, including medical equipment, sports gear, and automobile parts. The bio-based polymers called Pebax are praised for their sustainability, flexibility, and resilience to impact, which helps various industries create environmentally responsible goods.

The Arkema Group's commitment to sustainability and environmental responsibility is demonstrated by its work on creating and marketing bio-based polymers. In keeping with the company's main objective of building a more sustainable and environmentally sensitive future, their contribution to the bio-based polymer market is crucial in lowering the dependency on fossil fuels and minimizing the environmental impact of numerous industries.

Recent Developments

  1. In March 2023, Solvay introduced Polycare Heat Therapy, an innovative, functional, active ingredient designed to shield hair from thermal damage from frequent use of high-temperature hair styling appliances. While heat is a valuable tool for hair styling, it can also inflict significant harm, including dehydration, lipid loss, increased fragility, porosity, reduced smoothness, and diminished softness. Polycarp Heat Therapy acts as a thermal shield, mitigating thermal stress and preventing further damage, thus promoting the maintenance of hair's physical integrity and sensory attributes.
  2. In June 2023, AIMPLAS, the Plastics Technology Centre, will take the lead in coordinating the FOREST project, an innovative research initiative funded by the European Union. The project's primary objective is to explore the possibilities of advanced lightweight materials, specifically those derived from bio-based sources or recycled materials, with the ultimate aim of promoting the decarbonization of the transport sector. This ambitious project brings together a consortium of 14 partners representing eight countries. These partners are collectively dedicated to developing groundbreaking solutions, including bio-based polymers, additives, and recycled carbon fibers, all geared toward fostering sustainable and safe applications in the field of transportation.

Bio-based Polymers Market Scope

Report Components Details
Base Year

2022

Forecast Period

2023 – 2030

Quantitative Units

Billion

Drivers
  • Increasing awareness of environmental issues, including plastic pollution and climate change.
  • Government regulations and incentives encouraging the use of bio-polymers.
  • Ongoing research and development leading to improvements in the performance of bio-polymers.
Challenges
  • Cost competitiveness.
  • Compliance with varying and evolving regulations and standards related to bio-polymers.
  • The lack of well-established recycling infrastructure and guidelines for bio-polymers.
Trends
  • A change in customer preference toward biodegradable plastics.
  • Increase demand from the packaging industry.
  • Growth in the use of bio-polymers for medical devices and pharmaceutical applications.
Segments Covered

Type (Polyethylene (PE), Polyamide (PA), Polylactic Acid (PLA), Polyethylene Terephthalate (PET) and Others), Application (Packaging, Textile, Automotive, Industrial, Agriculture and Others) 

Countries Covered

U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, Mexico and Rest of South America as part of South America

Table of Contents

1.    Report Overview

2.    Summary

2.1.  All that is covered in the Report

2.2.  Bio-based Polymers Market at a Glance

2.3.  Market Players in the field

3.    Bio-based Polymers Market

3.1.  Market Summary

3.2.  Geographical Analysis - Bio-based Polymers Market

3.2.1.    North America

3.2.1.1.        USA Bio-based Polymers Market Size in USD Million (2018-2030)

3.2.1.2.        Canada Bio-based Polymers Market Size in USD Million (2018-2030)

3.2.1.3.        Mexico Bio-based Polymers Market Size in USD Million (2018-2030)

3.2.2.    Europe

3.2.2.1.        Germany Bio-based Polymers Market Size in USD million (2018-2030)

3.2.2.2.        United Kingdom Bio-based Polymers Market Size in USD million (2018-2030)

3.2.2.3.        France Bio-based Polymers Market Size in USD million (2018-2030)

3.2.2.4.        Italy Bio-based Polymers Market Size in USD million (2018-2030)

3.2.2.5.        Spain Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.    Asia-Pacific

3.2.3.1.        Japan Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.2.        China Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.3.        India Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.4.        Australia Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.5.        South Korea Bio-based Polymers Market Size in USD million (2018-2030)

3.2.3.6.        Rest of APAC Bio-based Polymers Market Size in USD million (2018-2030)

3.2.4.    Middle East and Africa

3.2.4.1.        Saudi Arabia Bio-based Polymers Market Size in USD million (2018-2030)

3.2.4.2.        UAE Bio-based Polymers Market Size in USD million (2018-2030)

3.2.4.3.        Turkey Bio-based Polymers Market Size in USD million (2018-2030)

3.2.4.4.        Israel Bio-based Polymers Market Size in USD million (2018-2030)

3.2.4.5.        Rest of Middle East Bio-based Polymers Market Size in USD million (2018-2030)

3.2.5.    South America

3.2.5.1.        Brazil Bio-based Polymers Market Size in USD million (2018-2030)

3.2.5.2.        Argentina Bio-based Polymers Market Size in USD million (2018-2030)

3.2.5.3.        Rest of South America Bio-based Polymers Market Size in USD million (2018-2030)

3.3.  Analysis by Type - Bio-based Polymers Market

3.3.1.    Polyethylene (PE)

3.3.2.    Polyamide (PA)

3.3.3.    Polylactic Acid (PLA)

3.3.4.    Polyethylene Terephthalate (PET)

3.3.5.    Others

3.4.  Analysis by Application - Bio-based Polymers Market

3.4.1.    Packaging

3.4.2.    Textile

3.4.3.    Automotive

3.4.4.    Industrial

3.4.5.    Agriculture

3.4.6.    Others

4.    Competitive Analysis – Bio-based Polymers Market

5.    Market Share Analysis

5.1.  By Geography

5.1.1.    North America

5.1.2.    Asia

5.1.3.    Europe

5.1.4.    RoW

6.    Revenue Share Analysis

6.1.  By Geography

6.1.1.    North America

6.1.2.    Asia

6.1.3.    Europe

6.1.4.    RoW

7.    Competition – Market Leaders

7.1.  Company Profiles

7.1.1.    BASF SE

7.1.1.1.        Business Overview

7.1.1.2.        Products and Services

7.1.1.3.        Strategic Initiatives and Market Developments

7.1.2.    PTT Global Chemical Public Company Limited

7.1.3.    DowDuPont

7.1.4.    Arkema Group

7.1.5.    Mitsubishi Chemical Holdings Corporation

7.1.6.    Corbion

7.1.7.    Teijin Limited

7.1.8.    Toray Industries, Inc.

7.1.9.    Kuraray Co., Ltd.

7.1.10.  Bio-On

7.1.11.  Novamont SpA

7.1.12.  Finasucre SA.

8.    Factor Analysis

8.1.  Drivers & Opportunities

8.2.  Restraints & Challenges

9.    Porter’s Five Forces Analysis

9.1.  Competitors

9.2.  End-Users

9.3.  Suppliers

9.4.  Substitutes

9.5.  New Entrants

10.  Macroeconomic & Environmental Factor Analysis

10.1.              Business Impact of Russia and Ukraine War

10.2.              Supply Chain Vulnerabilities

11.  Trend Analysis

12.  Opportunity Assessment

13.  Methodology

14.  About Research Foretell

14.1.              Our Offerings

 

Global Bio-based Polymers Market Segmentation

Bio-based Polymers by Type: Market Size & Forecast 2023-2030

  • Polylactic acid (PLA)
  • Polyhydroxyalkanoates (PHAs)
  • Polytrimethylene terephthalate (PTT)
  • Starch-based polymers
  • Cellulose-based polymers

Bio-based Polymers by Application: Market Size & Forecast 2023-2030

  • Packaging
  • Automotive
  • Building and construction
  • Textiles
  • Agriculture
  • Medical

Bio-based Polymers by Geography: Market Size & Forecast 2023-2030

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • NatureWorks LLC
  • Braskem S.A.
  • Corbion
  • TotalEnergies
  • Mitsubishi Chemical Corporation
  • Novamont S.p.A.
  • BASF SE
  • DuPont de Nemours, Inc.
  • Arkema S.A.
  • Bioamber Inc.
  • Danimer Scientific
  • Avantium Technologies B.V.
  • Synbra Technology B.V.
  • Toray Industries Inc.
  • Metabolix Inc.
  • Indorama Ventures Public Company Limited
  • Teijin Limited
  • Kaneka Corporation
  • Plantic Technologies Limited
  • Tianan Biologic Materials Co., Ltd.
  • Kingfa Sci. & Tech. Co., Ltd.
  • Toyobo Co., Ltd.
  • Minerv PHA
  • Tianjin GreenBio Materials Co., Ltd.
  • Anellotech Inc.

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