Report analyses the Global Biopolymers Market is expected to reach at a CAGR of 12.4% during the forecast period 2023-2030. Global Biopolymers Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Packaging, Electronics, Textiles, Consumer Goods, Automotive, Construction in Asia Pacific is rising. Competitive rivalry intensifies with NatureWorks LLC, Danimer Scientific, Novamont SpA and others operating in the market. Biopolymers are novel materials made of several monomeric units, which are covalently bonded to form a large structure. Raw materials required for the production of biopolymers are naturally available which includes, including starch, natural fibers, and other organic compounds, and are biodegradable.
Metrics |
Details |
Market CAGR |
12.4% |
Segments Covered |
By Material Type, By Application, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
Superior properties of biopolymers such as biocompatibility and biodegradability are propelling the growth of the market. The easy availability of feedstock for the production of biopolymers is propelling the growth of the global biopolymers market. High costs associated with the production of biopolymers and insufficient infrastructure is expected to impede the growth of the market. Key players are seen as highly investing in research and developmental activities for product development and to widen the application area of biopolymers. This factor is again weighing in favor of the global market.
Stringent environmental regulations enacted by the government on the use of plastics for packaging. Increase in consumption of packaged foods in regions such as North America and Europe.
Some of the leading players active in the global biopolymer market are BASF SE, E.l.du Pont de Nemours and Company, Plantic Technologies, Archer Daniels Midland Company, NatureWorks LLC, and Novamont SpA among others. Key players in the biopolymers market are focussing on product development and geographical expansion. To achieve this, they are increasingly involved in acquisitions, tie-ups, and collaborations with various regional players and research organizations. For instance, Metabolix Inc. has sold its biopolymer IP domain and certain laboratory equipment to CJ CheilJedang Corp.
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