바이오 재료 시장 보고서 : 동향, 예측, 경쟁 분석(-2030년)

Bio-Based Material Trends and Forecast

The future of the global bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications. The global bio-based material market is expected to reach an estimated $66.4 billion by 2030 with a CAGR of 22.4% from 2024 to 2030. The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.

Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.

Within this market, rigid packaging is expected to witness the highest growth over the forecast period.

Europe is expected to witness highest growth over the forecast period.

Emerging Trends in the Bio-Based Material Market

There are a variety of emerging trends within the bio-based material market which are forcing changes to happen within industry practice and, for that matter, drive innovation. These changes are indicative of improved technology, increased environmental awareness, and shifting consumer preference, all of which will affect the development and usage of bio-based materials in general.

• Increased Focus on Circular Economy: There is increased attention towards the design of bio-based materials using a circular economy approach. This can also imply designing materials for recyclability or biodegradability in order to diminish waste and improve resource efficiency. The companies are working upon formulating products that would meet the regulatory requirements based on the principles of the circular economy as expected by the consumer to bring in sustainability.
• Development of Bio-Based Polymer: One of the key trends in innovation involves bio-based polymers. Research is directed at the development of high-performance material derived from renewable feedstocks. Such polymer varieties are considered alternatives to conventional plastics, delivering similar resilience and functionality at lower environmental cost. New formulation for polymers is improving the range of application and versatility of bio-based material.
• Combinations with Advanced Technologies: Combinations of bio-based materials with advanced technologies, in particular 3D printing and intelligent textiles, are very popular. This trend makes the production possible for high-tech products with high-performance characteristics. The interplay of bio-based materials and new leading-edge technologies keeps widening their applications and spurs innovation.
• Government Policies and Incentives: The adoption of bio-based material goes hand-in-hand because supportive government policy and incentives were attached to it. Many countries are establishing regulations and providing various financial incentives for the promotion of such sustainable materials. These encourage investment in research and development and, hence, further ease the shift toward bio-based alternatives.
• Consumer Demand for Sustainability: Increasingly, consumer demand for sustainable products is driving the demand for bio-based materials. There is an increased demand by consumers for greener alternatives, hence the need by companies to focus their attention on developing bio-based materials and marketing them. Due to this trend, product design, packaging, and marketing strategy for different sectors are changing.

These are emerging trends that will restructure the bio-based material market to make it sustainable, advance technologically, and consumer demand-driven. It is economic in circular principles, innovative in bio-based polymers, and integrated with advanced technologies. Government support and changing consumer preference continue to drive the rate of adoption of these bio-based materials at a faster pace for further growth and innovation in this market.

Recent Developments in the Bio-Based Material Market

Recent developments within the bio-based material market have been variously characterized by significant advancements in technology, sustainability, and application. Such a trend, as shown by these developments, stands to point out a higher commitment in the variance between environmental impact and functionality enhancement with respect to bio-based materials across different industries.

• Advances in Bio-Based Polymers: Very recent developments also involve the synthesis of high-performance bio-based polymers, which are applicable in packaging and automotive industries. These kinds of polymers substitute traditional plastics with their environmentally friendly alternatives, adding value in terms of durability and functionality, with a minimal dependence on fossil fuels.
• Bio-Based Composites: The sector has also seen the growing market of bio-based composites, which are made by combining bio-based fibers with resins to achieve high-strength, light materials. Such composites find applications in both construction and automotive industries due to sustainable options while guaranteeing performances required by such industries.
• Bio-Based Innovations in Textiles: In fact, much appreciation has been accorded to the emergence of bio-based textiles, inclusive of plant-based fibers and those from algae. These are applied in fashion and home furnishings owing to demands for the growth of eco-friendly substitutes for synthetic fibers.
• Development of Sustainable Packaging Solutions: Growth in the bio-based material market finds very good representation in developing sustainable solutions for packaging. This includes innovation in the development of biodegradable and compostable packing material with the aim of reduction of waste and the ecological footprint, aligning with global efforts toward the reduction of plastic pollution.
• Increased Investment in R&D: The investment in R&D regarding bio-based material is increasing at a rapid rate. Whether it be for enhancing material properties, scalability, or cost-effectiveness, companies and research institutions alike are all in the fray, hence driving innovation and thereby the expansion of market opportunities.

Recent breakthroughs in the bio-based material market have softened the ground for both technological and application possibilities of bio-based materials. As far as other polymers, composites, textiles, and packaging solutions are concerned, significant innovations are running, and businesses are continuously growing. This is due to increased investment in R&D, which accelerates further development and dissemination of bio-based materials, thus reconfiguring the market for greater environmental contribution.

Strategic Growth Opportunities for Bio-Based Material Market

Growth opportunities in the bio-based materials market have come with technology advancement and the rising demand for sustainable solutions in various applications. The identification of such opportunities will become important for those stakeholders who may want to leverage the market trends toward the expansion of their shares.

• Bio-based packaging: demand for green packaging solutions is increasing. It opens great avenues to apply bio-based materials. Companies are trying to introduce biodegradable and compostable packaging options in response to growing consumer and regulatory demand for sustainability.
• Bio-based Textiles: Increased traction by the textile industry is seen as being conveyed through bio-based fibers and fabrics. Growth opportunities abound, including developing new textile materials from renewable feedstock sources as sustainable alternatives to conventional synthetic fibers.
• Bio-Based Composites: This is an opportunity to develop bio-based composites for automotive and construction applications. These bio-based fibers, coupled with resins, provide strong and lightweight alternatives to other composites while being sustainable.
• Bio-Based Polymers: Bio-based polymers are a relatively new area of innovation that makes high-performance materials for very diverse marketplaces including consumer goods, industrial products, and medical devices. The opportunities exist in developing value-added polymers with enhanced properties, resistance to heat, and chemicals.
• Bio-based electronics: involve the development of this new class of bio-based materials for applications in electronics. Research will focus on formulating eco-sustainable, high-performance materials for electronic components and contributes to the growth in eco-friendly technology solutions.

Strategic growth opportunities in the bio-based material market can also be created through advancements in packaging, textiles, composites, polymers, and electronics. These opportunities reflect increasing demand for more sustainable solutions and innovation in material science. Stakeholders could catalyze further growth and contribute to a more sustainable future by leveraging these opportunities.

Bio-Based Material Market Driver and Challenges

The drivers include a variety of factors such as technological advancement, economic factors, and regulatory pressures that impel the market. Each one of these has to be considered while moving through the market in an attempt to meet its needs in a state of flux.

The factors responsible for driving the bio-based material market include:

1. Technological Advancements: Innovations in material science and in technologies of production are driving the growth of the bio-based materials. Advanced processing techniques improve properties, resulting in excellent performance and scalability for applications related to bio-based products.

2. Environmental Concerns: Increasing awareness of environmental risks and the related need for sustainable options is driving the momentum. Consumers are on the lookout for alternatives to materials based on fossil fuel, and businesses are en masse switching to satisfy this demand in favor of bio-based options.

3. Regulatory Support: Friendly government policies and laws encouraging the use of bio-based materials boost their use. Incentives, subsidies, and strengthening environmental legislation give companies reasons to adopt sustainability processes and invest in bio-based technologies.

Challenges in the bio-based material market are:

1. High costs: Compared to traditional materials, their production may be more expensive. The high production and raw material costs are an obstacle to further wide-scale diffusion and market competitiveness.

2. Less developed supply chains: The supply chains for bio-based materials are often not so well-developed compared to those of traditional materials. Limited availability of raw materials and processing infrastructure could be an inhibiting factor in the market growth.

3. Technological Barriers: In some cases, there are bio-based material issues with technological performance, scalability, and integration into current systems. Further research and development are needed to overcome these barriers.

The drivers that create the market pressures for bio-based materials include technology development, public and government concerns about the environment, regulatory support and policies, demand from consumers, and corporate objectives associated with sustainability. These market drivers must be balanced against barriers related to higher costs, poorly developed supply chains, and challenges on the technological front.

List of Bio-Based Material Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies bio-based material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-based material companies profiled in this report include-

• BASF SE
• DSM
• Evonik
• Anellotech
• Clariant

Bio-Based Material by Segment

The study includes a forecast for the global bio-based material by type, application, and region.

Bio-Based Material Market by Type [Analysis by Value from 2018 to 2030]:

• Bio-Polycarbonate
• Bio-Based Polyethylene Terephthalate (PET)
• Bio-Based Polyethylene (PE)
• Others

Bio-Based Material Market by Application [Analysis by Value from 2018 to 2030]:

• Rigid Packaging
• Flexible Packaging
• Electrics and Electronics
• Consumer Goods
• Automotive and Transport
• Others

Bio-Based Material Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Bio-Based Material Market

The bio-based material market keeps changing fast, with some rapid technological advances, changing consumer preferences, and growing regulatory support for sustainability. The trends are going to affect the sourcing, manufacturing, and use of materials in industries. The key players' substantial steps to adopt and develop bio-based materials are for environmental concerns and innovation in the US, China, Germany, India, and Japan.

• U.S: In the US, important progress is also being recorded with regard to bio-based polymers and composites. Many companies are investing in the research and development of alternatives to traditional plastics, derived from sustainable feedstock. The ultimate goal remains the embedding of these bio-based materials into consumer goods and packaging. Applications of the concept of a circular economy are fostering further research and application of such materials in transport, construction, and other sectors.
• China: The bio-based materials industry in China is developing very rapidly, particularly in the manufacturing of bio-based plastics and fibers. Favorable government policies and incentives are encouraging this industry to reduce its dependence on petrochemical-based products. Chinese companies are strengthening their collaborations with international firms in enhancing the technology for bio-based materials and scaling up their production capabilities.
• Germany: With innovative research and development in technology, Germany has been in the frontline to develop advanced bio-based material. The country is waiting for opportunities with regard to developing high-performance bio-based composites and sustainable packaging solutions. Stringent regulatory frameworks concerning environmental sustainability, adequate investment, and commitments are expected to place Germany's bio-based economy in the leading position in the global market.
• India: India is one of the countries that are making rapid strides in integrating the new generation of bio-based materials into textiles, packaging, and several other industries. Recently, developments have witnessed the use of polymers with a bio-based content and efforts to reduce plastic waste by the introduction of new material solutions. Indian companies are also collaborating with international partners for enhanced technology as well as expanding presence in the bio-based materials market.
• Japan: Japan is focused on the bio-based material market, developing applications for high-tech areas such as bio-based electronics and automotive parts. It is also funding research for the development of new materials that provide enhanced performance and environmental sustainability. Technological innovation and concern for the environment are the significant drivers of growth and standards in various applications of biomaterials.

Features of the Global Bio-Based Material Market

Market Size Estimates: Bio-based material market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bio-based material market size by type, application, and region in terms of value ($B).

Regional Analysis: Bio-based material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the bio-based material market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio-based material market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the bio-based material market size?

Answer: The global bio-based material market is expected to reach an estimated $66.4 billion by 2030.

Q2. What is the growth forecast for bio-based material market?

Answer: The global bio-based material market is expected to grow with a CAGR of 22.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the bio-based material market?

Answer: The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.

Q4. What are the major segments for bio-based material market?

Answer: The future of the bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications.

Q5. Who are the key bio-based material market companies?

Answer: Some of the key bio-based material companies are as follows:

• BASF SE
• DSM
• Evonik
• Anellotech
• Clariant

Q6. Which bio-based material market segment will be the largest in future?

Answer: Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.

Q7. In bio-based material market, which region is expected to be the largest in next 5 years?

Answer: Europe is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the bio-based material market by type (bio-polycarbonate, bio-based polyethylene terephthalate (PET), bio-based polyethylene (PE), and others), application (rigid packaging, flexible packaging, electrics and electronics, consumer goods, automotive and transport, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
• Market Report

Table of Contents

1. Executive Summary

2. Global Bio-Based Material Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global Bio-Based Material Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global Bio-Based Material Market by Type
  • 3.3.1: Bio-Polycarbonate
  • 3.3.2: Bio-Based Polyethylene Terephthalate (PET)
  • 3.3.3: Bio-Based Polyethylene (PE)
  • 3.3.4: Others
• 3.4: Global Bio-Based Material Market by Application
  • 3.4.1: Rigid Packaging
  • 3.4.2: Flexible Packaging
  • 3.4.3: Electrics and Electronics
  • 3.4.4: Consumer Goods
  • 3.4.5: Automotive and Transport
  • 3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global Bio-Based Material Market by Region
• 4.2: North American Bio-Based Material Market
  • 4.2.1: North American Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
  • 4.2.2: North American Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
• 4.3: European Bio-Based Material Market
  • 4.3.1: European Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
  • 4.3.2: European Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
• 4.4: APAC Bio-Based Material Market
  • 4.4.1: APAC Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
  • 4.4.2: APAC Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
• 4.5: ROW Bio-Based Material Market
  • 4.5.1: ROW Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
  • 4.5.2: ROW Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Bio-Based Material Market by Type
  • 6.1.2: Growth Opportunities for the Global Bio-Based Material Market by Application
  • 6.1.3: Growth Opportunities for the Global Bio-Based Material Market by Region
• 6.2: Emerging Trends in the Global Bio-Based Material Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Bio-Based Material Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bio-Based Material Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BASF SE
• 7.2: DSM
• 7.3: Evonik
• 7.4: Anellotech
• 7.5: Clariant