Biopolymer Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Biopolymers Market is segmented By Material Type (Bio-PET, Starch Blends, Bio-PE, Poly Lactic Acid (PLA), Polyhydroxyalkanoate (PHA), PTT, Others), By Application (Packaging, Electronics, Agriculture, Textiles, Consumer Goods, Automotive, Construction ), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2023-2030

Biopolymer Market Overview

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.

Biopolymers Market Scope and Summary

Biopolymers Market Dynamics and Trends

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.

Scope of the report

• Based on the type, the global biopolymers market can be classified into Bio-PET, starch blends, bio-PE, PLA, PHA, PTT, and others. Among all the available biopolymers, biodegradable polyesters and bio-PET biopolymers are anticipated to occupy a significant market share.
• In terms of application, the market has been categorized into packaging, electronics, agriculture textiles, consumer goods, automotive, and construction.
• Geography-wise, the global biopolymer market can be classified into North America, South America, Europe, Asia Pacific, and RoW. Europe is anticipated to hold a major market share due to an increase in environmental awareness and stringent regulations enacted by REACH. North America is expected to hold a significant share of the overall market as the region is home to some key players active in the biopolymer market. Due to rapid industrialization and the rise in concerns related to plastic usage, the biopolymers market in the Asia Pacific is anticipated to grow at a higher rate.

Biopolymers Market Companies and Competative Landscape

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.

Target Audience

• Global Biopolymer Manufacturers
• Suppliers, Dealers, and Distributors of Biopolymers
• Industry Investors/Investment Bankers
• Research Organizations and Academia
• Emerging Companies
• Market Research and Consulting Firms.