The Global Biopolymers Market is estimated to be valued at USD 19.46 Bn in 2024 and is expected to reach USD 40.67 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031. Biopolymers are polymers produced by living organisms or contain organic materials. They are environmental-friendly and can be synthesized from renewable feedstock such as agricultural and forestry feedstocks. Rapid industrialization coupled with rising concerns about sustainability is driving the demand for biopolymers globally. Biopolymers can substitute petroleum-based polymers across various industries such as packaging, textiles, transportation and biomedical. Their recyclability and biodegradability make them an attractive option for environment-conscious consumers across industries.
Market Dynamics:
Rising environmental concerns regarding petroleum-based polymers is a key driver propelling the biopolymers market forward. Stringent regulations banning single-use plastic products is also boosting the market growth. However, high production costs of biopolymers as compared to conventional polymers hampers the market expansion. On the positive side, ongoing R&D for developing cost-effective production technologies provides new opportunities in the incoming years. The adoption of biopolymers in packaging industry is growing owing to increasing preferences for sustainable packaging materials. Growing emphasis on green procurement policies across industries will further push the demand.
Key Features of the Study:
- This report provides in-depth analysis of the global biopolymers market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global biopolymers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include BASF SE, TotalEnergies Corbion, Novamont S.P.A, Biome Bioplastics Limited, BIOTEC Biologische Naturverpackungen GmbH & Co. KG., Plantic Technologies Limited, Toray Industries, Inc., Arkema, Kaneka Corporation, Danimer Scientific, NatureWorks LLC, FKuR, Solanyl Biopolymers Inc., Braskem, Prime Biopolymers, Nurel, Futerro, Mitsubishi Chemical Group Corporation, PTT MCC Biochem Co., Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global biopolymers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biopolymers market.
Detailed Segmentation-
- By Type:
- Bio-PE
- Bio-PET
- PLA
- PHA
- Biodegradable Plastics
- Others
- By Applications:
- Films
- Bottle
- Fibers
- Seed Coating
- Vehicle Components
- Medical Implants
- Others
- By End-Use Industry:
- Packaging
- Textile
- Automobile & Transport
- Electronics & Electricals
- Coatings & Adhesives
- Agriculture & Horticulture
- Others (Building & Construction, etc.)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- BASF SE
- TotalEnergies Corbion
- Novamont S.P.A
- Biome Bioplastics Limited
- BIOTEC Biologische Naturverpackungen GmbH & Co. KG.
- Plantic Technologies Limited
- Toray Industries, Inc.
- Arkema
- Kaneka Corporation
- Danimer Scientific
- NatureWorks LLC
- FKuR
- Solanyl Biopolymers Inc.
- Braskem
- Prime Biopolymers
- Nurel
- Futerro
- Mitsubishi Chemical Group Corporation
- PTT MCC Biochem Co., Ltd.
- Plantic
