Global Biopolymers Market Outlook, Forecast, Trends and Demand Analysis 2024

Rising demand for biodegradable plastics in packaging industry bolsters the demand for biopolymers across the globe.

Dependency of polymers on petroleum products along with their harmful effects on environment has led the government to implement various regulations on the use of plastic and other polymers. Additionally, manufacturers of personal care products and food & beverages are rapidly shifting towards bio-polymers for packaging material. Rising awareness among the consumers about the harmful effects of plastics which are used in packaging of food products is bolstering the demand for biopolymers in food and beverages industry. The biopolymer industry has grown exceptionally in the past 2-3 years and accounted for USD 3.2 billion in 2015.Further, the market is expected to reach USD 9.8 billion by the end of forecast period, by registering a CAGR of 11.2% during the forecast period i.e. 2016-2024.

Global Biopolymers Market Outlook 2024

Market Segmentation

• By Product Type
o Bio-PET (PolyEthylene Terephatalate)
o Bio-PE (PolyEthylene)
o Poly lactic acid (PLA)
o Biodegradable polyesters
o Others (biodegradable starch blends etc.)

• By Application Type
o Packaging
o Fibers
o Cosmetics
o Agriculture seed coatings
o Automotive interior parts
o Others (medical implants)

• By End-User Type
o Food and Beverages
o Automotive Industry
o Healthcare
o Agriculture
o Chemicals industry
o Semiconductor & Electronics

• By Geography
o North America (U.S., Canada)
o Latin America (Argentina, Mexico, Brazil and Rest of Latin America)
o Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe)
o Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific)
o Middle East and North Africa (MENA)
o Rest of World

“Global Biopolymers Market Outlook 2024” contains detailed overview of the global biopolymers market in terms of market segmentation by Product type, by Applications and by End-user. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global biopolymers market which includes profiling of companies of Nature Works, Novamont, Plantic, Arkema, BASF, Biopolymer International, DuPont, Ecospan, Durect Corp., FMC Biopolymer, Biotec Gmbh, Braskem, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global biopolymers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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