Biopolymers Market 2024: Global Trends, Industry Insights, and Growth Outlook

The biopolymers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Biopolymers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The biopolymer market size has grown rapidly in recent years. It will grow from $15.47 billion in 2023 to $17.57 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to increasing environmental concerns, increasing advancements in biopolymer technology, rising demand for eco-friendly packaging, growing awareness of biodegradable alternatives, and increasing consumer preference for sustainable products.

The biopolymer market size is expected to see rapid growth in the next few years. It will grow to $29.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to increasing innovations in bio-based raw materials, increasing investments in biopolymer research and development, expanding applications in automotive and construction, growing adoption of circular economy practices, rising demand for biocompatible medical materials, increasing advancements in 3D printing using biopolymers. Major trends in the forecast period include increasing demand for high-performance bioplastics, growth in biopolymer applications in 3D printing, organic and eco-conscious products, development of hybrid biopolymers with enhanced properties, expansion of biopolymer usage in automotive components, and advancements in recycling technologies for biopolymers.

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Scope Of Biopolymers Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Biopolymers Market Overview

Market Drivers -
The rising awareness of plastic pollution is driving the growth of the biopolymer market going forward. Plastic pollution refers to the accumulation of plastic waste in the environment, causing harm to ecosystems, wildlife, and human health. The rising awareness of plastic pollution is driven by factors such as environmental campaigns, media coverage, scientific research on its long-term impacts, and government regulations. Biopolymers play a role in raising awareness of plastic pollution by offering eco-friendly alternatives and highlighting the need for sustainable solutions to reduce plastic waste. For instance, in June 2024, according to the European Parliament, a European-based government body, the EU adopted new rules to target the issue of plastic marine litter. It includes a 25% target for recycled content in plastic bottles by 2025 and 30% by 2030. Therefore, rising awareness of plastic pollution is driving the growth of the biopolymer market.

Market Trends -
Major companies operating in the biopolymer market are developing semi-crystalline polyhydroxyalkanoate (PHA) biopolymers, to improve performance and biodegradability for sustainable applications. A semi-crystalline polyhydroxyalkanoate (PHA) biopolymer is a biodegradable plastic made from natural resources, offering higher heat stability and rigidity compared to its amorphous counterparts. It is used in applications where higher thermal resistance and structural strength are required, such as in packaging, agricultural films, and durable goods. For instance, in May 2024, CJ Biomaterials, a US-based biotechnology company, launched a PHACT S1000P (scPHA). It is a semi-crystalline PHA biopolymer tailored for applications that require high heat stability, offering a more rigid option compared to the company's previous amorphous PHA (aPHA) products. This combines eco-friendliness with performance, being a bio-based material that is TÜV OK-certified for home and industrial composting, as well as marine and soil biodegradability. It offers a significant step in offering versatile, sustainable solutions for packaging, including food-contact materials.

The biopolymers market covered in this report is segmented -

1) By Product: Bio-Polyethylene Terephthalate, Bio-Polyethylene, Biodegradable Polyesters, Biodegradable Starch Blends, Polylactic Acid, Polytrimethylene Terephthalate, Polyhydroxyalkanoates, Other Products
2) By Application: Films, Bottle, Fibers, Seed Coating, Vehicle Components, Medical Implants, Other Applications
3) By End-Use: Packaging, Consumer Goods, Automotive, Textiles, Agriculture, Other End-Uses

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Regional Insights -
Asia-Pacific was the largest region in the biopolymer market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the biopolymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the biopolymers market are BASF SE, Mitsubishi Chemical Corporation, Braskem S.A, Arkema S.A., Solvay S.A., Avient Corporation, Danimer Scientific Inc., NatureWorks LLC, Avantium N.V., AMSilk GmbH, SECOS Group Limited, BioLogiQ Inc., Total Corbion PLA, CuanTec Ltd., FKuR Kunststoff GmbH, Futerro SA, Mango Materials Inc., Greendot Biopak Pvt. Ltd., Rodenburg Biopolymers BV, CO2BioClean GmbH

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Table of Contents
1. Executive Summary
2. Biopolymers Market Report Structure
3. Biopolymers Market Trends And Strategies
4. Biopolymers Market - Macro Economic Scenario
5. Biopolymers Market Size And Growth
…..
27. Biopolymers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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