Bio-Sourced Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Bio-Sourced Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : June, 2020 | Chemical & Materials | PPT format

Report Digest


In recent decades, progress in chemical processing and biotechnology has enabled the production of novel bio-sourced polymers, including polyhydroxyalkanoate and polylactic acid that have gained much traction from several industrial players. With a potential to replace petroleum-sourced polymers, novel bio-sourced polymers can help solve some of the acutest problems caused by the overuse of petroleum-sourced polymers, such as soil and water pollution, potential health impact, and overreliance on  petroleum. In comparison to oil-sourced polymers, bio-sourced polymers are in their infancy and are currently used in niche instead of mass packaging markets.

Bio-sourced polymers are paving way for a promising near horizon for a viable source of novel materials in a leaner low carbon society, thereby are likely to witness hefty traction in the forthcoming years. The demand for bio-sourced polymers is expected to grow on the back of favorable regulatory outlook. Rising environmental concerns and rigorous regulations that propel adoption of green and sustainable materials in tandem with growing consumer preference for environment-friendly products, are fueling the growth of bio-sourced polymers market. Further, the global interest in bio-sourced polymers has accelerated in recent years owing to the desire and need to identify non-fossil fuel-sourced polymers.

Bio-Sourced Polymers Market- Notable Developments

  • In response to the dwindling supply of fossil resources, and to complement its huge project in the bio-based polyamide, Arkema announced a 25% expansion in its worldwide polyamide 12 polymers production facilities to meet the robust demand from its customers in Asia.
  • More bio-sourced polymers and materials are on way as DuPont Industrial Biosciences and Archer Daniels Midland Co. (ADM) have opened the world’s first bio-sourced furan dicarboxylic methyl ester pilot production facility in May 2018 in Illinois.

Some of the most prominent competitors operating in the competitive landscape of global bio-sourced polymers market include –

  • Arkema
  • BASF SE
  • Metabolix
  • Novamont
  • Bio Amber
  • Reverdia
  • Bioamber
  • Evonik Industries
  • Corbion
  • Solvay
  • Mitsubishi Chemicals
  • Heritage Pioneer Corporate Group
  • Blue Sugars

Bio-Sourced Polymers Market Dynamics

Impeccable Substitute to Petroleum-Sourced Polymers

Petroleum-sourced polymers are highly resilient to natural decomposition and harm the ecosystem considerably. The surge in environmental concerns, shortfall of oil, and lack of biodegradability have propelled the R&D of bio-sourced polymers as a substitute to petroleum-sourced polymers. As bio-sourced polymers are eco-friendly, they are finding immense applications in diverse industries, including textile, transportation, automotive, packaging, and others. Bio-sourced polymers’ ability to be used in place of petroleum-sourced polymers is set to bring traction to bio-sourced polymers market in the forthcoming years. 

Packaging Industry Continues to be the Key Consumer

A large slice of globally produced bio-sourced polymers go to the packaging industry, packaging being the largest end-user application for bio-sourced polymers. Bio-sourced polymers continue to get lucrative applications in packaging industry as they improve water resistance and enhance processing as well as mechanical properties. Extensive adoption of bio-sourced polymers primarily for rigid as well as flexible packaging, continue to trigger sales of bio-sourced polymers. Bio-sourced polymers are highly adopted in packaging industry, since packaging is meant for short time use and is needed in hefty quantities. 

Asia-Pacific Emerges Highly Lucrative Region with Persistent Demand

Asia-Pacific continues to be a lucrative region for bio-sourced polymers owing to the extensive adoption of bio-based ethanol for chemical building blocks in the region. This expanding utilization has led to the formation of significant production facilities for bio-sourced MEG in Taiwan and India, and for bio-ethylene precursor for PE, MEG, in Brazil. With many SMEs converters which can’t afford vital substitutes for the processing equipment in place, the share for Asia-Pacific region is likely to grow in bio-sourced polymers market in forthcoming years. 

Unique Growth Strategies Remain Paramount

To capitalize on the growing trend for bio-based and green materials, players in bio-sourced polymers market are increasingly indulging into forming joint ventures, alliances, and are acquiring local players to expand their customer outreach. Moreover, several bio-sourced polymers market players have been taking initiatives to educate consumers regarding the benefits of adopting bio-sourced materials, which is further bringing traction to bio-sourced polymers market. 

Bio-Sourced Polymers Market –Segmentation 

By Product Type:

  • Degradable
  • Non-Degradable 

By Application:

  • Automotive Industry
  • Packaging Industry
  • Sporting Industry
  • Goods Industry
  • Medical Industry
  • Others 

The bio-sourced polymers study presents reliable qualitative and quantitative insights into:

  • Bio-sourced polymers market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain in bio-sourced polymers market
  • Market valuation (revenue and/or volume)
  • Bio-sourced polymers market key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments in bio-sourced polymers market
  • Value chain and stakeholder analysis

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.