Sustainability and Environmental Concerns Fuel India Bio-Based Ethylene Market Growth
According to the latest market study on "India Bio-Based Ethylene Market Forecast to 2031 – Trend and Growth Opportunity Analysis – by Raw Material and End-Use Industry," the market was valued at US$ 15.22 million in 2023 and is projected to reach US$ 31.96 million by 2031; it is anticipated to record a CAGR of 9.7% from 2023 to 2031. The report highlights key factors contributing to the India bio-based ethylene market size and prominent players, along with their developments in the market.
The growing population, urbanization, and changing consumer preferences have a significant impact on the India bio-based ethylene market. The demand for bio-based ethylene is on the rise in India owing to the increasing focus on sustainability and environmental responsibility. Ethylene, traditionally derived from petroleum-based sources, is widely used in the production of polyethylene, which is a critical component in packaging materials, consumer goods, pipes, and various other products. According to the India Brand Equity Foundation, the packaging industry is witnessing rapid growth, mainly driven by a surging demand for flexible packaging solutions in the food and beverages, pharmaceutical, and personal care industries. Moreover, the flourishing agriculture sector generates a vast demand for packaging materials capable of preserving the quality of produce during transportation and storage.
India Bio-Based Ethylene Market
India Bio-Based Ethylene Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Raw Material (Sugar, Starch, and Lignocellulosic Biomass) and End-Use Industry (Packaging, Additives, Lubricant, and Detergents)
India Bio-Based Ethylene Market Trends and Analysis by 2031
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The environmental impact of conventional petroleum-based ethylene has become a significant concern in recent years, mainly due to its substantial contribution to greenhouse gas emissions and plastic pollution. Ethylene, one of the most widely produced chemicals globally, is conventionally derived from fossil fuels, and its production is associated with high carbon dioxide emissions, contributing significantly to climate change. Products made from petroleum-based ethylene, such as polyethylene plastics, contribute significantly to pollution, as they are not biodegradable and persist in the environment for hundreds of years. This environmental burden has prompted a global shift toward more sustainable alternatives, particularly bio-based ethylene. Moreover, the rising technological innovations are expected to remain one of the major India bio-based ethylene market trends in the coming years.
The Indian government has introduced policies to promote the adoption of bio-based chemicals. The Indian government's National Policy on Biofuels aims to reduce the dependency on fossil fuels and encourage the production of bioethanol, which can be converted into bio-based ethylene. This aligns with the global trend of reducing the environmental footprint of chemical production and highlights the surging importance of sustainability in industrial practices. The burgeoning awareness of the detrimental effects of petroleum-based ethylene on the environment, coupled with regulatory pressures and advancements in bio-based technologies, is driving a significant shift toward bio-based ethylene in India. Thus, sustainability and environmental concerns, and government initiatives and support fuel the India bio-based ethylene market growth.
The India bio-based ethylene market analysis is carried out by identifying and evaluating key players in the market across different countries. Braskem SA, Dow Chemical Co, Saudi Basic Industries Corp, Occidental Petroleum Corp, and INEOS Group Holdings SA are among the prominent players profiled in the India bio-based ethylene market report.
India Bio-Based Ethylene Market Report Segmentation:
Based on raw material, the market is segmented into sugar, starch, and lignocellulosic biomass. The sugar segment held the largest India bio-based ethylene market share in 2023. The production of bio-based ethylene is a two-stage process. Sugar-rich feedstocks such as sugarcane are fermented to produce ethanol, which is further subjected to a dehydration process to produce ethylene. Advancements in catalysis and optimization of processes are fostering the sourcing of ethylene from sugar sources. Ongoing research and development in the bio-based chemicals industry are expected to play a vital role in the progress of the market for sugar-based ethylene.
Based on end-use industry, the market is segmented into packaging, additives, lubricants, and detergents. The packaging segment held the largest India bio-based ethylene market share in 2023. The global transition toward sustainability has increased innovations in packaging. Ethylene derived from fossil fuels is a fundamental component of plastic production. However, growing concerns related to the environmental impact of nonrenewable sources have prompted the utilization of renewable alternatives. Bio-based ethylene produced from renewable feedstocks such as sugarcane or corn imparts enhanced biodegradability properties to the packaging material, further contributing to waste reduction.
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