세계 바이오 베이스 폴리머 시장 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2024-2029년)

The Bio-based Polymers Market size is estimated at 1.5 Million tons in 2024, and is expected to reach 4.46 Million tons by 2029, growing at a CAGR of 24.30% during the forecast period (2024-2029).

COVID-19 impacted the bio-based polymer market's growth. However, the increased demand for packaged food and online food deliveries during the pandemic and post-pandemic propelled the consumption of packaging coatings, which resulted in the consumption of bio-based polymers.

Over the short term, increasing demand for sustainable plastics is one of the major factors driving market demand.

On the flip side, the performance issue with bioplastics and the high prices associated with bio-based polymers compared to petroleum-based polymers are expected to hinder the growth of the market studied.

The increasing applications of biodegradable plastics are likely to present an opportunity in the future.

Moreover, the packaging industry dominates the market and is expected to grow during the forecast period.

Europe dominated the market across the world, with the largest consumption coming from countries such as France and the United Kingdom.

Bio-based Polymers Market Trends

Increasing Demand from Packaging Industry

• Packaging is one of the largest markets for bio-based polymers. These polymers exhibit excellent clarity and gloss, resistance to food fats and oils, and an aroma barrier. Additionally, they also provide stiffness, twist retention, and printability to the packaging.
• Bio-based polymers are mostly used in fruit and vegetable packaging in supermarkets, for bread bags and bakery boxes, bottles, envelopes, display carton windows, and shopping or carrier bags, among others. For instance, according to the Department of Commerce (India), the export value of fresh vegetables from India amounted to about USD 802 million in the fiscal year 2022. For processed vegetables, the value stood at nearly USD 425 million in the same year, which shows an increase of 10.87% from the fresh vegetable segment and 0.21% from processed vegetables compared with 2020. Therefore, an increase in the exports of fresh and processed vegetables is expected to create demand for bio-based polymers in the country.
• The bio-based polymer market for packaging is growing rapidly in the European and North American regions. The increasing intervention of the FDA and related organizations in terms of food safety is largely promoting the usage of biodegradable and food-grade plastics for beverage and snack consumption.
• The restaurant chains and food processing industries are increasingly adapting biodegradable materials for food packaging. Consumer awareness is also rising rapidly, especially in emerging economies, in terms of food safety, as some plastics are proven carcinogenic.
• The growth in developing regions, like Asia-Pacific, South America, and the Middle East, is expected to increase in the near future due to the improving food packaging standards of various food and safety organizations.
• Moreover, the higher ease of disposing of biodegradable polymers has further added to their growing demand from the packaging industry.

Europe Region to Dominate the Market

• Europe holds the largest share of bio-based polymers and dominates the global market.
• Public awareness and government initiatives in the region have supported the use of biodegradable polymers in carrier bags, food packaging, food services (cutlery, etc.), and organic waste caddy liners, among others.
• Various countries in the region have been focusing on offering more eco-friendly packaging. This has increased the demand for polylactic acid in the packaging sector.
• The United Kingdom (UK) is among the leading countries in Europe, where the demand for bio-based polymer packaging has been increasing. The higher awareness about the sustainability factors of packaging products, along with recent government initiatives, are creating a favorable market scenario for the growth of the studied market in the country.
• The ban on single-use plastics is among the primary factors that will directly impact the demand for bio-based polymer packaging products. For instance, in 2021, the UK government announced plans to ban single-use plastic cutlery, plates, and polystyrene cups in England to tackle plastic pollution.
• Several existing vendors, as well as startups operating in the packaging industry, are also taking the initiative to promote bio-based polymer packaging in the country. For instance, in June 2022, Magical Mushroom Company, a UK-based company, secured funding of EUR 3.4 million (USD 3.31 million) for its plant-based sustainable packaging.
• Currently, the packaging sector in the United Kingdom has annual sales of GBP 11 billion, and it employs more than 85,000 people.
• The European Union (EU) is working towards the 2050 net-zero emissions goal and tackling the increasing environmental and sustainability crises by implementing the European Green Deal. The inclination towards a more sustainable society is intertwined with the European economy's production, use, and disposal of plastic.
• The growing need for small-size packaging and the growing consumption habits associated with the change in lifestyles are anticipated to propel the demand for bio-based polymers over the forecast period.

Bio-based Polymers Industry Overview

The bio-based polymer market is partially consolidated by nature. Some of the major players in the market (not in any particular order) include BASF SE, Covestro AG, BIOTEC Biologische Naturverpackungen GmbH & Co. KG., thyssenkrupp AG, and NatureWorks LLC, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Drivers
  • 4.1.1 Preference toward Eco-friendly Polymers to Preserve Environment
  • 4.1.2 Regulation on Non-degradable Polymers in Many Countries
  • 4.1.3 Increasing Consumer Awareness in Developed and Developing Nations
  • 4.1.4 Non-toxic Nature of Biodegradable Polymers
• 4.2 Restraints
  • 4.2.1 Higher Price Compared to Petroleum-based polymers
  • 4.2.2 Low Awareness in Low Income Countries
• 4.3 Industry Value Chain Analysis
• 4.4 Porter's Five Forces Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Buyers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products and Services
  • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

• 5.1 Type
  • 5.1.1 Starch-based Plastics
  • 5.1.2 Poly Lactic Acid (PLA)
  • 5.1.3 PolyHydroxy Alkanoates (PHA)
  • 5.1.4 Polyesters (PBS, PBAT, and PCL)
  • 5.1.5 Cellulose Derivatives
• 5.2 Application
  • 5.2.1 Agriculture
  • 5.2.2 Textile
  • 5.2.3 Electronics
  • 5.2.4 Packaging
  • 5.2.5 Healthcare
  • 5.2.6 Other Applications
• 5.3 Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
  • 5.3.4 Rest of World
    • 5.3.4.1 Brazil
    • 5.3.4.2 Saudi Arabia
    • 5.3.4.3 Rest of the World

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Market Share (%)**/Ranking Analysis
• 6.3 Strategies Adopted by Leading Players
• 6.4 Company Profiles
  • 6.4.1 BASF SE
  • 6.4.2 Biologische Naturverpackungen GmbH & Co. KG.
  • 6.4.3 Cardia Bioplastics
  • 6.4.4 Covestro AG
  • 6.4.5 Corbion
  • 6.4.6 Cortec Group Management Services, LLC
  • 6.4.7 DuPont de Nemours, Inc.
  • 6.4.8 FKuR
  • 6.4.9 FP International
  • 6.4.10 Innovia Films
  • 6.4.11 Merck KGaA
  • 6.4.12 YIELD10 BIOSCIENCE, INC. (Metabolix Inc.)
  • 6.4.13 NatureWorks LLC
  • 6.4.14 Novamont SpA
  • 6.4.15 Rodenburg Biopolymers
  • 6.4.16 SHOWA DENKO K.K.
  • 6.4.17 thyssenkrupp AG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Increasing Applications of Bio-degradable Plastics
• 7.2 Increasing Research in Drug Delivery
• 7.3 Rising Regulations in Emerging Countries