Biopolymers Market 2024-2028
The biopolymers market is forecasted to grow by USD 17114.6 bn during 2023-2028, accelerating at a CAGR of 10.52% during the forecast period. The report on the biopolymers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by volatility in crude oil prices, stringent environmental regulations and policies, and increasing demand for PHA-based biodegradable plastics.
Technavio's biopolymers market is segmented as below:
- By Type
- PLA
- Bio-PE
- Bio-PET
- PHA
- Others
- By End-user
- Packaging and food services sector
- Agriculture and horticulture
- Consumer goods
- Automotive
- Others
- By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the increasing preference for eco-friendly packaging as one of the prime reasons driving the biopolymers market growth during the next few years. Also, increasing demand for biopolymers in biomedical industry and high demand for cornstarch due to its cost-effective nature will lead to sizable demand in the market.
The report on the biopolymers market covers the following areas:
- Biopolymers market sizing
- Biopolymers market forecast
- Biopolymers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biopolymers market vendors that include Archer Daniels Midland Co., Arkema Group., BASF SE, Biome Technologies plc, Braskem SA, Danimer Scientific Inc., DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, Galatea Bio Tech Srl, KURARAY Co. Ltd., Merck KGaA, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont S.p.A., Rodenburg Biopolymers B.V., Solanyl Biopolymers Inc., Toray Industries Inc., TotalEnergies Corbion bv, and Yield10 Bioscience Inc.. Also, the biopolymers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.