Bio-Based Polymer Market Projected To Witness Substantial Growth, 2025

According to Allied Market Research's report, "Bio-Based Polymer Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025," the bio-based polymer market was valued at $6,395.5 million in 2017 and is projected to reach $9,905.9 million by 2025, with a compound annual growth rate (CAGR) of 5.3% from 2018 to 2025. In 2017, the packaging segment led the market, accounting for more than 27% of the global share.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/5122

Bio-based polymers, derived wholly or partly from renewable biomass sources such as corn, sugarcane, vegetable oil, soybeans, and cellulose, contain renewable carbon ranging from 20% to 100%. Bio-based polymers are increasingly replacing petroleum-based polymers due to rising environmental regulations and supportive government policies, particularly in developed regions like North America and Europe. In fact, bio-based polyethylene has been commercially successful since 2010, steadily replacing its petroleum-based equivalents. While cost remains a barrier for some end-users, advancements in R&D aimed at reducing dependence on petroleum resources are expected to drive further growth.

The bio-based polymer market is segmented by type, application, and region. Types include polyethylene (PE), polyamide (PA), polylactic acid (PLA), polyethylene terephthalate (PET), and other materials like starch blends, polyhydroxyalkanoates, poly(butylene adipate-co-terephthalate), and polybutylene succinate. Applications span across textile, automotive, industrial, agriculture, and packaging industries, among others. Regionally, the market analysis includes North America, Europe, Asia-Pacific, and LAMEA.

In terms of type, polyamide held the largest share (over 17.8%) in 2017, driven largely by demand in automotive weight reduction. The industrial application segment is expected to lead throughout the forecast period due to the growing preference for engineered bio-polymers over traditional materials, particularly those with high chemical resistance, such as polyamides. This segment accounted for a 17.9% share in 2017 and is projected to reach $1,728.9 million by 2025, with a 5.0% CAGR.

Key Market Insights:

- The Asia-Pacific market is forecasted to grow at nearly a 5.0% CAGR in revenue from 2018 to 2025.

- Europe is expected to achieve the highest regional growth rate, with a projected 6.5% CAGR over the forecast period.

- Polyethylene dominated the market in terms of volume, with over 25.8% market share in 2017.

- Europe's bio-based polymer market, driven by demand from the automotive sector and the need for lightweight materials, is forecasted to reach $1,483.5 million by 2025.

The bio-based polypropylene market is emerging, with companies like Biobent Polymers, Dow Chemicals, Global Bioenergies, Braskem, and Trellis Earth focusing on raw material procurement to lower production costs and enhance market competitiveness.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/bio-based-polymer-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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