Biopolymers Market Scope and Size by 2031
The biopolymers market is expected to grow from US$ 4,600 million in 2022 to US$ 14,000 million by 2031; it is estimated to grow at a CAGR of 11.5% from 2022 to 2031.
Biopolymers are polymers that are obtained from living organisms and are entirely biodegradable. A few common examples of biopolymers include proteins, carbohydrates, DNA, RNA, lipids, nucleic acids, and peptides. Since biopolymers are composed of living beings, they are entirely neutral toward carbon and easily recycled or renewed. Biopolymers do not create CO2 pollution because crops absorb the emitted CO2 by them instead of getting released into the atmosphere. There are four different kinds of biopolymers sugar-based biopolymers, cellulose-based biopolymers, synthetic-based biopolymers, and natural polymers.
MARKET DYNAMICS
The packaging and automotive industries are the major consumers of biopolymers. The biopolymers market has witnessed significant growth owing to factors such as a rise in demand from the automotive & packaging industry and a growing need for environment-friendly products. Furthermore, the awareness regarding sustainable products among consumers is creating lucrative opportunities for the biopolymer market. Further, the medical industry is also one of the prominent users of biopolymers for implant purpose due to its characteristics such as biocompatibility, biodegradation, and non-cytotoxicity.
MARKET SCOPE
The "Global Biopolymers Market Forecast to 2031" is a specialized and in-depth study of the biopolymers market with a special focus on the global market trend analysis. The report aims to provide an overview of the biopolymers market with detailed market segmentation on the basis of type and application. The report provides key statistics based on the financial performances of the leading market players. It also offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global biopolymers market is bifurcated on the basis of type and application. Based on type, the market is segmented into bio-polyethylene (Bio-PE), polylactic acid (PLA), bio-based polyethylene terephthalate (PET), bio-polyesters, and others. Based on application, the market is segmented into packaging, medical implants, automotive, seed coating, and others.
The global biopolymers market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the abovementioned regions.
North America dominates the biopolymers market. The market growth is attributed to the presence of a large number of biopolymers manufacturers and a high adoption rate of biopolymers. A few of the key biopolymers manufacturers in the region include BASF SE, Biopolymer International, Braskem S.A., Corbion NV, and Danimer Scientific. These suppliers witness constant demand from the end use industry. The below figure showcases the revenue growth trend in the global biopolymers market:
Source: The Insight Partners Analysis
The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the biopolymers market. It also provides an exhaustive Porter's five forces analysis, highlighting the factors affecting the biopolymers market in these regions.
IMPACT OF COVID-19 PANDEMIC
Due to the impacts of the COVID-19 pandemic, many industries, such as chemical & materials and automotive, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for biopolymers decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of biopolymers due to a huge gap in supply and demand. However, since 2021, the packaging & automotive industry has been strongly growing, and the growth trend is foreseen to continue in the coming years. Thus, the growing consumption of biopolymers is likely to bolster the market during the forecast period.
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The global biopolymers market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the abovementioned regions.
North America dominates the biopolymers market. The market growth is attributed to the presence of a large number of biopolymers manufacturers and a high adoption rate of biopolymers. A few of the key biopolymers manufacturers in the region include BASF SE, Biopolymer International, Braskem S.A., Corbion NV, and Danimer Scientific. These suppliers witness constant demand from the end use industry. The below figure showcases the revenue growth trend in the global biopolymers market:
Source: The Insight Partners Analysis
The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which impact the biopolymers market. It also provides an exhaustive Porter's five forces analysis, highlighting the factors affecting the biopolymers market in these regions.
IMPACT OF COVID-19 PANDEMIC
Due to the impacts of the COVID-19 pandemic, many industries, such as chemical & materials and automotive, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for biopolymers decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of biopolymers due to a huge gap in supply and demand. However, since 2021, the packaging & automotive industry has been strongly growing, and the growth trend is foreseen to continue in the coming years. Thus, the growing consumption of biopolymers is likely to bolster the market during the forecast period.
MARKET PLAYERS
The reports cover key developments in the biopolymers market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have encouraged the expansion of business and the customer base of market players. Players operating in the biopolymers market are anticipated to provide lucrative growth opportunities in the coming years owing to the rising demand for biopolymers.
The report includes the profiles of key companies operating in the biopolymers market, along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.
The list of a few companies engaged in the biopolymers market is mentioned below:
- BASF SE
- Biopolymer International
- Braskem S.A.
- Corbion NV
- Danimer Scientific
- HARBEC, Inc.
- Meredian Holdings Group Inc.
- Metabolix, Inc.
- NatureWorks LLC
- Solanyl Biopolymers
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Biopolymers Market - By Type
1.3.2Biopolymers Market - By Application
1.3.3Biopolymers Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BIOPOLYMERS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.BIOPOLYMERS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BIOPOLYMERS MARKET - GLOBAL MARKET ANALYSIS
6.1.BIOPOLYMERS - GLOBAL MARKET OVERVIEW
6.2.BIOPOLYMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BIOPOLYMERS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.BIO-PE
7.3.1.Overview
7.3.2.Bio-PE Market Forecast and Analysis
7.4.POLYLACTIC ACID (PLA)
7.4.1.Overview
7.4.2.Polylactic Acid (PLA) Market Forecast and Analysis
7.5.BIO-BASED PET
7.5.1.Overview
7.5.2.Bio-based PET Market Forecast and Analysis
7.6.BIO-POLYESTERS
7.6.1.Overview
7.6.2.Bio-polyesters Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.BIOPOLYMERS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PACKAGING
8.3.1.Overview
8.3.2.Packaging Market Forecast and Analysis
8.4.MEDICAL IMPLANTS
8.4.1.Overview
8.4.2.Medical Implants Market Forecast and Analysis
8.5.AUTOMOTIVE INTERIOR
8.5.1.Overview
8.5.2.Automotive Interior Market Forecast and Analysis
8.6.SEED COATING
8.6.1.Overview
8.6.2.Seed Coating Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.BIOPOLYMERS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Biopolymers Market Overview
9.1.2North America Biopolymers Market Forecasts and Analysis
9.1.3North America Biopolymers Market Forecasts and Analysis - By Type
9.1.4North America Biopolymers Market Forecasts and Analysis - By Application
9.1.5North America Biopolymers Market Forecasts and Analysis - By Countries
9.1.5.1United States Biopolymers Market
9.1.5.1.1United States Biopolymers Market by Type
9.1.5.1.2United States Biopolymers Market by Application
9.1.5.2Canada Biopolymers Market
9.1.5.2.1Canada Biopolymers Market by Type
9.1.5.2.2Canada Biopolymers Market by Application
9.1.5.3Mexico Biopolymers Market
9.1.5.3.1Mexico Biopolymers Market by Type
9.1.5.3.2Mexico Biopolymers Market by Application
9.2.EUROPE
9.2.1Europe Biopolymers Market Overview
9.2.2Europe Biopolymers Market Forecasts and Analysis
9.2.3Europe Biopolymers Market Forecasts and Analysis - By Type
9.2.4Europe Biopolymers Market Forecasts and Analysis - By Application
9.2.5Europe Biopolymers Market Forecasts and Analysis - By Countries
9.2.5.1Germany Biopolymers Market
9.2.5.1.1Germany Biopolymers Market by Type
9.2.5.1.2Germany Biopolymers Market by Application
9.2.5.2France Biopolymers Market
9.2.5.2.1France Biopolymers Market by Type
9.2.5.2.2France Biopolymers Market by Application
9.2.5.3Italy Biopolymers Market
9.2.5.3.1Italy Biopolymers Market by Type
9.2.5.3.2Italy Biopolymers Market by Application
9.2.5.4United Kingdom Biopolymers Market
9.2.5.4.1United Kingdom Biopolymers Market by Type
9.2.5.4.2United Kingdom Biopolymers Market by Application
9.2.5.5Russia Biopolymers Market
9.2.5.5.1Russia Biopolymers Market by Type
9.2.5.5.2Russia Biopolymers Market by Application
9.2.5.6Rest of Europe Biopolymers Market
9.2.5.6.1Rest of Europe Biopolymers Market by Type
9.2.5.6.2Rest of Europe Biopolymers Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Biopolymers Market Overview
9.3.2Asia-Pacific Biopolymers Market Forecasts and Analysis
9.3.3Asia-Pacific Biopolymers Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Biopolymers Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Biopolymers Market Forecasts and Analysis - By Countries
9.3.5.1Australia Biopolymers Market
9.3.5.1.1Australia Biopolymers Market by Type
9.3.5.1.2Australia Biopolymers Market by Application
9.3.5.2China Biopolymers Market
9.3.5.2.1China Biopolymers Market by Type
9.3.5.2.2China Biopolymers Market by Application
9.3.5.3India Biopolymers Market
9.3.5.3.1India Biopolymers Market by Type
9.3.5.3.2India Biopolymers Market by Application
9.3.5.4Japan Biopolymers Market
9.3.5.4.1Japan Biopolymers Market by Type
9.3.5.4.2Japan Biopolymers Market by Application
9.3.5.5South Korea Biopolymers Market
9.3.5.5.1South Korea Biopolymers Market by Type
9.3.5.5.2South Korea Biopolymers Market by Application
9.3.5.6Rest of Asia-Pacific Biopolymers Market
9.3.5.6.1Rest of Asia-Pacific Biopolymers Market by Type
9.3.5.6.2Rest of Asia-Pacific Biopolymers Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Biopolymers Market Overview
9.4.2Middle East and Africa Biopolymers Market Forecasts and Analysis
9.4.3Middle East and Africa Biopolymers Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Biopolymers Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Biopolymers Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Biopolymers Market
9.4.5.1.1South Africa Biopolymers Market by Type
9.4.5.1.2South Africa Biopolymers Market by Application
9.4.5.2Saudi Arabia Biopolymers Market
9.4.5.2.1Saudi Arabia Biopolymers Market by Type
9.4.5.2.2Saudi Arabia Biopolymers Market by Application
9.4.5.3U.A.E Biopolymers Market
9.4.5.3.1U.A.E Biopolymers Market by Type
9.4.5.3.2U.A.E Biopolymers Market by Application
9.4.5.4Rest of Middle East and Africa Biopolymers Market
9.4.5.4.1Rest of Middle East and Africa Biopolymers Market by Type
9.4.5.4.2Rest of Middle East and Africa Biopolymers Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Biopolymers Market Overview
9.5.2South and Central America Biopolymers Market Forecasts and Analysis
9.5.3South and Central America Biopolymers Market Forecasts and Analysis - By Type
9.5.4South and Central America Biopolymers Market Forecasts and Analysis - By Application
9.5.5South and Central America Biopolymers Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Biopolymers Market
9.5.5.1.1Brazil Biopolymers Market by Type
9.5.5.1.2Brazil Biopolymers Market by Application
9.5.5.2Argentina Biopolymers Market
9.5.5.2.1Argentina Biopolymers Market by Type
9.5.5.2.2Argentina Biopolymers Market by Application
9.5.5.3Rest of South and Central America Biopolymers Market
9.5.5.3.1Rest of South and Central America Biopolymers Market by Type
9.5.5.3.2Rest of South and Central America Biopolymers Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BIOPOLYMERS MARKET, KEY COMPANY PROFILES
11.1.BASF SE
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BIOPOLYMER INTERNATIONAL
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BRASKEM S.A.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CORBION NV
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.DANIMER SCIENTIFIC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.HARBEC, INC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.MEREDIAN HOLDINGS GROUP INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.METABOLIX, INC.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.NATUREWORKS LLC
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.SOLANYL BIOPOLYMERS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. BASF SE
2. Biopolymer International
3. Braskem S.A.
4. Corbion NV
5. Danimer Scientific
6. HARBEC, Inc.
7. Meredian Holdings Group Inc.
8. Metabolix, Inc.
9. NatureWorks LLC
10. Solanyl Biopolymers
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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