Biopolymers Market Size, Share, Opportunities, And Trends By Type (Bio-PE, Bio-PET, Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), Biodegradable Polyesters, Others), By Application (Films, Bottles, Fibers, Seed Coating, Vehicle Components, Medical, Implants, Others), By End-Use (Packaging, Agriculture, Automotive, Pharmaceutical, Construction, Others), And By Geography - Forecasts From 2023 To 2028

The biopolymers market is predicted to expand with a significant CAGR over the forecast period.

This is mostly due to the rising demand for PHA-based environmental plastics. Major packaging and plastics manufacturing firms are turning to biodegradable goods in response to increased demand for eco-friendly packaging from a wide range of end-use industries. Biopolymers are used in a variety of end-use applications, including biomedical, pharmaceutical, and food applications. They are in high demand in biomedical applications due to their outstanding healing properties, since they aid in the treatment of wounds of different shapes and sizes. Biopolymers are biodegradable, as opposed to conventional polymers or plastics, which cause pollution and global warming. Over the projected period, the global biopolymers market is predicted to develop due to increased awareness about the usage of bio-based polymers.

Introduction:

Biopolymers are synthetic materials derived from feedstocks such as corn, sugar cane, standing timber, and waste wood. Biopolymers are biodegradable as opposed to conventional polymers or plastics, which cause pollution and environmental damage. The use of bio-based polymers is expected to grow in popularity. Traditional plastics manufactured from petroleum are considered less sustainable than biopolymers since they do not affect the environment and may be broken down naturally. Biopolymers are used in a variety of industries, including food, pharmaceutical, and biomedical. Biopolymers are in great demand in the biomedical industry due to their excellent healing qualities. Biopolymers can help many sorts of wounds heal. The market for biopolymers is expanding as customers are growing more conscious of their carbon impact and are demanding more environmentally friendly items. Governments throughout the world are also taking steps to reduce plastic waste by imposing restrictions on single-use plastics and encouraging the use of natural packaging alternatives. This trend is projected to continue during the forecasted period, as companies and consumers become increasingly aware of the environmental effects of traditional petrochemical-based plastics.

Drivers:

• The increased awareness of the dangers posed by conventional plastics is the primary market driver: As people become more conscious of the harmful impacts of conventional plastics on the environment, there has been a shift toward biopolymers. Traditional petrochemical-based plastics include hazardous substances that can leach into food and drinks and cause a range of health problems.  On the contrary, because biopolymers are made from natural and safe components, there is no risk of being exposed to dangerous compounds. The biopolymer industry is developing as a consequence of consumer and business demand for safer and healthier alternatives to traditional plastics. Customers are demanding more environmentally friendly products as they grow more conscious of their carbon footprints.
• Stringent regulation from governments across the world is fueling market growth: Governments all across the world are attempting to reduce plastic waste by banning single-use plastics and encouraging the adoption of ecologically friendly packaging alternatives. This trend is expected to continue as businesses and consumers become more aware of the detrimental environmental impacts of traditional plastics made from petrochemicals.
• Consumers' choice for biodegradable plastics is changing which is acting as a market driver: The market for bioplastics is expanding in tandem with initiatives to reduce the use of conventional, non-biodegradable plastics and raise knowledge of sustainable plastic alternatives. Microorganisms degrade biodegradable polymers at a far faster rate than standard plastics. Biodegradable plastics may be absorbed back into the natural system and decay faster when discarded. More individuals are turning to biopolymers as a result of growing consumer awareness.
• Growth in the healthcare sector is fueling market expansion: Biopolymers are utilized in the manufacturing of medical devices such as replacement joints, heart valves, arteries, teeth, tendons, ligaments, and eye lenses to replace or repair infected, damaged, or non-functional tissue or bone. The medical device business growth is being accelerated by factors such as technical advancements in medical equipment and an aging population. As a result, the rise of the medical device sector is increasing demand for biopolymers, which is driving the market growth.

Products offered by key companies:

• STANYL® B-MB, Envalior: Stanyl® B-MB (bio-based mass balanced) by Envalior is a 100% bio-based high-temperature polyamide with a halved carbon footprint and the same high performance to empower customer sustainability. Stanyl® B-MB is an ISCC+-certified mass-balancing solution that has the same features, performance, and quality as standard Stanyl®. Furthermore, the carbon footprint of Stanyl® B-MB manufacturing is now up to 50% lower than that of the fossil-based version.
• Ingeo biopolymer 2003D, NatureWorks: Ingeo biopolymer 2003D is a thermoplastic resin created from annually renewable resources that is especially intended for use in fresh food packaging and food serviceware applications. Ingeo biopolymer 2003D is a transparent general-purpose extrusion grade that may be utilized spontaneously or as part of a designed mix. This is a high molecular weight biopolymer grade that can be easily processed using standard extrusion equipment.

Prominent growth is anticipated in the packaging sector under the End-User segment

During the estimated time frame, the packaging sector is expected to account for the majority of the biopolymers market by end-use industry. Packaging is the most common end-use industry for biopolymers. Packaging is used to safeguard products from breakage and contamination while they are being preserved and distributed. The increased demand for packaging comprised of bioplastics and biopolymers in the food and beverage, pharmaceutical, and consumer goods sectors is driving market segment growth. Furthermore, increased consumer buying power, a growing population, and an increase in e-commerce are all factors driving category expansion. The need for biopolymers in packaging is rising for a variety of reasons, including environmental, regulatory, and consumer-driven issues. Biopolymers are frequently created from renewable resources such as plants or microbes, giving them a more sustainable alternative to typical petroleum-based plastics. The environmental effect of typical plastics, notably in terms of pollution and extended degradation durations, has boosted interest in eco-friendly alternatives.

The Asia Pacific region is expected to hold a significant share of the Biopolymers market:

The Asia Pacific region is likely to have a lion’s share in the market value and is poised to expand significantly over the forecast period. This may be ascribed to a variety of causes, including rising demand for sustainable materials, rising environmental concerns, and favorable government policies and laws encouraging the use of bio-based goods. China, Japan, and India are the biggest consumers of bio-polymers in the Asia Pacific area, owing to rising demand for bio-based packaging, textiles, automotive, and building materials. The area also has substantial bio-polymer production capability, with numerous top producers situated in countries such as China, Thailand, and Malaysia. Moreover, the region is rich in agricultural resources that may be utilized as feedstock for biopolymer synthesis. Sugarcane and corn, two important raw materials for bio-based polymers/plastics, are cultivated in substantial numbers in this region, offering a sustainable supply for biopolymer manufacture.

Key developments:

• In April 2023, NatureWorks, a leading biopolymer and polylactic acid (PLA) producer enhanced the performance qualities of Ingeo biopolymer in hygiene applications with the launch of Ingeo 6500D for nonwovens. When paired with enhanced hydrophilic surface finish technology, the new Ingeo solution provides greater softness and strength as well as improved fluid management. Ingeo 6500D satisfies the rising demand from companies and customers for goods manufactured from more sustainable materials as certified renewably sourced, low carbon, and biobased material.
• DSM Engineering Materials introduced StanylB-MB (Bio-based Mass Balanced) in June 2022, a more ecologically friendly version of their core polyamide (PA) product containing up to 100% bio-based material. It enables DSM Engineering Materials to cut this product line's carbon impact in half.

Segmentation:

• By Type
  • Bio-PE
  • Bio-PET
  • Polylactic acid (PLA)
  • Polyhydroxyalkanoate (PHA)
  • Biodegradable Polyesters
  • Others
• By Application
  • Films
  • Bottles
  • Fibers
  • Seed Coating
  • Vehicle Components
  • Medical Implants
  • Others
• By End-Use
  • Packaging
  • Agriculture
  • Automotive
  • Pharmaceutical
  • Construction
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain  
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. BIOPOLYMERS MARKET, BY MATERIAL TYPE

5.1. Introduction

5.2. Bio-PE

5.3. Bio-PET

5.4. Polylactic acid (PLA)

5.5. Polyhydroxyalkanoate (PHA)

5.6. Biodegradable Polyesters

5.7. Others

6. BIOPOLYMERS MARKET, BY APPLICATION

6.1. Introduction

6.2. Films

6.3. Bottles

6.4. Fibers

6.5. Seed Coating

6.6. Vehicle Components

6.7. Medical Implants

6.8. Others

7. BIOPOLYMERS MARKET, BY END-USE

7.1. Introduction

7.2. Packaging

7.3. Agriculture

7.4. Automotive

7.5. Pharmaceutical

7.6. Construction

7.7. Others

8. BIOPOLYMERS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. DSM

10.2. NatureWorks 

10.3. Braskem 

10.4. BASF 

10.5. TotalEnergies Corbion 

10.6. Novamont 

10.7. Biome Bioplastics 

10.8.  Mitsubishi Chemical Holding Corporation

10.9.  Biotec 

10.10. ADM Daniels Midland

DSM

NatureWorks

Braskem

BASF

TotalEnergies Corbion

Novamont

Biome Bioplastics

 Mitsubishi Chemical Holding Corporation

 Biotec 

ADM Daniels Midland