Biopolymers Market Industry Analysis 2026: BASF SE, NatureWorks LLC, Braskem S.A., Novamont S.p.A., E.I. Du Pont De Nemours and Company, Plantic Technologies Ltd, Archer Daniels Midland Company, Danimer Scientific, Bio-on S.p.A., and Rodenburg Biopolymers

Biopolymers are polymeric materials produced from feedstock such as crops including corn and sugar cane or standing timber and residual wood. Biopolymers are biodegradable in nature, unlike conventional polymers or plastics that lead to various environmental issues such as pollution and global warming. This is turn is increasing awareness regarding use of bio-based polymers and is expected to boost growth of the global biopolymers market over the forecast period.

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Major players operating in the global biopolymers market include, BASF SE, NatureWorks LLC, Braskem S.A., Novamont S.p.A., E.I. Du Pont De Nemours and Company, Plantic Technologies Ltd, Archer Daniels Midland Company, Danimer Scientific, Bio-on S.p.A., and Rodenburg Biopolymers B.V.

Europe accounted for significant market share in the global biopolymers market in 2018, owing to increasing governmental initiatives to restrict use of conventional plastic. For instance, under the Plastic Bags Directive in European Union (EU), consumers cannot use over 90 bags (conventional plastic bags) per year by 2019, which is lower than the EU average of 200 bags a year. Moreover, in France, The Energy Transition for Green Growth Act, which was effective from January 2017, banned use of conventional plastic bags for fruits and vegetables packaging. Therefore, restrictions imposed on the use of conventional plastic bags is expected to propel growth of the biopolymers market in Europe.

The global biopolymers market was valued at US$ 9131.9 Million in 2018, and is expected to register a CAGR of 13.8% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 28,101.7 Million by 2027.

Asia Pacific accounted for significant market share in the global biopolymers market in 2018, and expected to witness significant growth over the forecast period. This is owing to growing packaging industry in the region. Significant growth in the packaging industry is expected to increase demand for plastics, which in turn is expected to boost the market growth. For instance, according to India Brand Equity Foundation report on Engineering and Capital Goods, published in September 2017, demand for plastics used in packaging in India is expected to reach 9 million tons by 2020.

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Moreover, in 2018, BioLogiQ, Inc., a bioplastic resin manufacturing company specializing in environmentally friendly plastic products, announced to launch three new grades of plant-based plastic named as ‘NuPlastiQ BioPolymers’ for different end-use applications.

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