Global Biobased Polymers Market Growth 2023-2029

Global Biobased Polymers Market Growth 2023-2029

Biobased polymers are materials, where at least one of the constituent polymers is produced from renewable resources. Biobased polymers can be biodegradable or non-biodegradable in nature. There exists three major ways to produce biobased polymers: using natural biobased polymers, from microorganisms using fermentation, and from biotechnology.

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

This Insight Report provides a comprehensive analysis of the global Biobased 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 Biobased Polymers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biobased Polymers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biobased 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 Biobased Polymers.

The global Biobased Polymers market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

One major trend in the market is the expansion of the market through alliances, joint ventures, and acquisitions. Moreover, initiatives to educate consumers about the benefits of adopting biodegradable materials are expected to help the growth of the market. The demand for bio-based polymers is expected to surge during the forecast period of 2015-2019 owing to the favorable regulatory outlook. Growing environmental concerns and stringent regulations that promote the use of environment-friendly and sustainable materials, along with growing consumer preference for green products, are fueling the growth of the market. Asia-Pacific is a key region for bio-based polymers and its precursors. The expanding utilization of bio-ethanol for chemical building blocks has resulted in the establishment of large-scale production facilities for bio-based MEG in India and Taiwan, and for bio-ethylene precursor for PE, MEG, in Brazil. The share for Asia-Pacific region (where many converters are SMEs and cannot afford important alterations to their existing processing equipment) is expected to increase, compared with European region during the forecast period.

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

Market Segmentation:

Segmentation by type
Using Natural Bio-Based Polymers
From Microorganisms Using Fermentation
From Biotechnology

Segmentation by application
Packaging Industries
Construction Industries
Petroleum Industries
Others

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.
BioAmber
Braskem
NatureWorks
Aemetis
BASF

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biobased Polymers market?

What factors are driving Biobased Polymers market growth, globally and by region?

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

How do Biobased Polymers market opportunities vary by end market size?

How does Biobased 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.