Global Bio Based Functional Polymers Market Growth 2023-2029

Global Bio Based Functional Polymers Market Growth 2023-2029

Bio based functional polymers are derived from agricultural feedstock such as corn and potatoes which reduces the dependency on petrochemical products. Initially bio based functional polymers were derived from agricultural feedstock but a recent breakthrough in biotechnology allows polymer derivation from bacterial fermentation, nucleic acids, polysaccharides and proteins.

LPI (LP Information)' newest research report, the “Bio Based Functional Polymers Industry Forecast” looks at past sales and reviews total world Bio Based Functional Polymers sales in 2022, providing a comprehensive analysis by region and market sector of projected Bio Based Functional Polymers sales for 2023 through 2029. With Bio Based Functional Polymers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bio Based Functional Polymers industry.

This Insight Report provides a comprehensive analysis of the global Bio Based Functional Polymers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bio Based Functional Polymers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bio Based Functional Polymers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bio Based Functional Polymers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bio Based Functional Polymers.

The global Bio Based Functional Polymers market size is projected to grow from US$ 6066.9 million in 2022 to US$ 11600 million in 2029; it is expected to grow at a CAGR of 11600 from 2023 to 2029.

Asia Pacific was the largest regional market in 2017 owing to growing industrialization in emerging countries such as China and India. Demand for natural polymers and favorable regulatory acts are expected to have a positive influence on this regional market. South America is also expected to witness significant growth owing to growth of industrialization in Brazil over the forecast period. Easy access to feedstock in both these regions is expected to act as a competitive advantage over other regional bio-based functional polymer markets. Europe and North America are expected to experience moderate market growth over the next six years.

This report presents a comprehensive overview, market shares, and growth opportunities of Bio Based Functional Polymers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Polylactic acid (PLA)
Polyhydroxyalkanoates (PHA)
Polyethylene Terephthalate (PET)
Polybutylene Succinate (PBS)
Polypropylene (PP)
Polyethylene (PE)

Segmentation by application
Pipe
Profile
Insulation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nature Works
Futerro
Bio-on
Kaneka
BASF
DowDuPont
Novamont
Ulbe
IRE Chemical
Meridian
Metabolix
Mitsubishi Gas Chemicals
Toyobo
Purac
Yikeman Shandong
Livan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bio Based Functional Polymers market?

What factors are driving Bio Based Functional Polymers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bio Based Functional Polymers market opportunities vary by end market size?

How does Bio Based Functional Polymers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.