Bio Based Polymer Market

Bio-based Polymer Market Insights

The bio-based polymer market is expected to grow at a high CAGR from 2017 to 2025. Increasing government support & incentives with regard to the use & manufacture of eco-friendly products is anticipated to positively influence market growth. The large availability of feedstock in the Asia Pacific and Central & South American region is projected to augment market demand over the coming years.

Bio-based Polymer Market: Product Insights

On the basis of product, the market is segmented into Polylactic acid (PLA), Polyglycolic acid (PGA), Polycaprolactone (PCL), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA, Polyethylene Terephthalate (PET), and Starch-Based among others). The PLA segment occupied the largest share and is expected to grow at the highest CAGR over the coming years on account of its water resistant capabilities and faster decomposition rate. The product is expected to foster increased demand for the food & beverage packaging and textile industry.

Bio-based Polymer Market: Application Insights

On the basis of application, the bio-based polymer market is segmented into packaging, textiles, bio-medicine, agriculture and horticulture, construction, automotive, and others. The packaging industry is expected to occupy the largest share and grow at a high CAGR over the coming years. High demand is projected to arise in the packaging industry on account of increasing preference for eco-friendly material.

Bio-based Polymer Market: Regional Insights

The Asia Pacific bio-based polymer market is anticipated to dominate the market in 2016 and is projected to grow at the highest CAGR over the coming years. The use of bio-ethanol as a building block in chemicals has led to large investments in the production of MEG in Asia Pacific countries. North America is expected to be the second largest market for bio-based polymers. A report published by Nova Institute in 2013 projected that the demand for bio-based polymers is expected to reach 12 million tons by 2020. Central & South America is expected to register the second highest growth rate over the coming years on account of easy availability of feedstock and favorable government regulations.

Bio-based Polymer Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to bio-based polymers over the coming years. Some leading consumers of this market are Ball Corporation, Crown Holding, Mondi, and Owens-Illinois among others.

Bio-based Polymer Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Bio-based Polymer Market Share & Competitor Analysis

Some of the prominent companies in the bio-based polymer market are BASF SE, Arkema SA, Bayer MaterialScience, BioAmber, BioBased Technologies LLC, DSM N.V., Evonik Industries AG, Bio-On Srl, DuPont, and Cardia Bioplastics Limited among others

Please note: This is not an exhaustive list of companies profiled in the report.

In November 2017, Arkema invested Euro 300 million in biosourced polyamide 11 chain in Asia. The plant is expected to increase the company’s polyamide 11 production capacity by 50%. In April 2016, BASF SE launched bio-based polymer under the brand name ecovio in China for use as agricultural mulch films in order to curb soil pollution and increase yield.