28-Feb-2020 | Facts and Factors
Findings from Facts and Factors report “Biopolymers Market By Product Type (Bio-PET, Bio-PE, Polylactic acid, Biodegradable polyesters, Others), By Application (Packaging, Fibers, Cosmetics, Agriculture seed coatings, Automotive interior parts, Others) and By End-User (Food and Beverages, Automotive Industry, Healthcare, Agriculture, Chemicals industry, Semiconductor & Electronics): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global biopolymers market in 2019 was approximately USD 5.4 Billion. The market is expected to grow at a CAGR of 11.2% and is anticipated to reach around USD 12.1 Billion by 2026.
Biopolymers are a type of polymers produced from natural sources either biosynthesized by living organisms or chemically synthesized from biological material. They are naturally derived from plant proteins and starch that can easily be decomposed within the environment. There is no standard biodegradation process for biopolymers and action of micro-organisms, moisture and heat can biodegrade them. Biopolymers are made from biomass. Biopolymers can be renewable, carbon-neutral, and they can always be recycled because they are made from plant materials that can be grown for ever. In comparison, the feedstocks for petrochemicals-derived polymers will gradually deplete. Advanced properties such as moisture resistance, easy distribution and long shelf life of biopolymers allow them to substitute better than traditional plastic materials.
Browse the full “Biopolymers Market By Product Type (Bio-PET, Bio-PE, Polylactic acid, Biodegradable polyesters, Others), By Application (Packaging, Fibers, Cosmetics, Agriculture seed coatings, Automotive interior parts, Others) and By End-User (Food and Beverages, Automotive Industry, Healthcare, Agriculture, Chemicals industry, Semiconductor & Electronics): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/biopolymers-market-by-product-type-bio-pet-bio
Increasing awareness of the harmful effects of food packaging and the demand for environmentally-friendly packaging materials among the population of developing countries supports the growth of the global biopolymer industry. The demand for biopolymers is also driven by strict government rules for the use of traditional plastics and packaging materials. In addition, fluctuations in petroleum prices and their declining sources contribute to a change to biopolymers because the primary materials used in biopolymer production are regenerative. The economic efficiency of conventional plastics over biopolymers is, however, the major barrier to growth in the world biopolymer industry. One of the major challenges for new entrants is the huge investment in R&D for the production of biopolymers. The growth of the global biopolymer market is driven by the poor mechanical characteristics needed by the plastics industry.
The global biopolymer market is divided into segments based on product type, application, and end-user. The packaging industry has a noteworthy application of biopolymers. Bio-PET is a natural polyester resin used in the manufacturing of various items, including bottles, packaged goods, car interiors, building materials, and electronics. Biopolymers are made from biomass. Biomass consists essentially of non-food plants such as sugar beet, potatoes, and wheat for polylactic acid processing. The widespread use of biopolymer for controlled drug release and wound handling in medical sectors would help businesses to increase the penetration of medical products.
Europe was the leading consumer of biopolymer products followed by North America in 2018. Laws and regulations in Western Europe are very effective and hence provide favorable market conditions for the biopolymers market. Bioeconomy Strategy, Horizon 2020 and Europe 2020 are some of the initiatives adopted by the European nations to enhance the bioplastic market. Rapid industrialization in Asia-pacific and hence the growing pressure to switch to eco-friendly alternatives will boost the Asia-Pacific market. Developing countries are under constant global pressure to reduce pollution and implement policies the promote green alternatives.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 5.4 Billion |
Projected Market Size in 2026 |
USD 12.1 Billion |
CAGR Growth Rate |
11.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Plantic, BASF, DuPont, Durect Corp., BiotecGmbh, Novamont, Arkema, Biopolymer International, Ecospan, FMC Biopolymer, Braskem, and Others |
Key Segment |
By Product, Application, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Plantic, BASF, DuPont, Durect Corp., BiotecGmbh, Novamont, Arkema, Biopolymer International, Ecospan, FMC Biopolymer, Braskem, and Others.
This report segments the global biopolymers market as follows:
By Product Type Segmentation Analysis
- Bio-PET
- Bio-PE
- Polylactic acid
- Biodegradable polyesters
- Others
By Application Segmentation Analysis
- Packaging
- Fibers
- Cosmetics
- Agriculture seed coatings
- Automotive interior parts
- Others (medical implants)
By End-User Segmentation Analysis
- Food and Beverages
- Automotive Industry
- Healthcare
- Agriculture
- Chemicals industry
- Semiconductor & Electronics
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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