Global Bio-Based Polymers Market Size, By Type(Non-Biodegradable (PET (Bio-Based), PE (Bio-Based), PA (Bio-Based); Biodegradable( PLA, PHA, Biodegradable Polyester, Starch, Cellulose), By Application (Agriculture, Automobile/Transportation, Electronics, Textiles, Packaging) By Region ( North America, Europe, Asia Pacific, South America, Middle East & Africa), Trend Analysis, Competitive Market Share & Forecast, 2020-2027

Global Bio-Based Polymers Market Size- Industry Trends & Forecast 2027

The global clinical microbiological market size was calculated to be USD  billion in 2016 and is expected to take a surge at a CAGR of  % till 2027 with an approximate value of USD  till the forecast year. The research and awareness amongst the population about reducing the carbon footprints and rising issues. For greenhouse gases, depletion of the ozone layer, and global warming. Along with it, the perpetual growth of fossil fuel consumption and decreasing rates of mineral, oils, and other resources will spur the growth of the market for Global Bio-Based Polymers.

Source:  BlueWeave Consulting

Global Bio-Based Polymers Market Overview 

As per the analysis and studies, the global production for bioplastics was valued at over 1 million tons in 2011. Out of which 60% of the production was BIO-BASED NON-BIODEGRADABLE plastics, as they have a wide spectrum of applications. From soft drinks bottling to durable items and in automotive applications. The innovations and sustainable developments made in the relevant field will grow even more of a production of bioplastics, eventually promoting the market growth by 2020. The biopolymers are those that are produced by the cells of living organisms and as a regular polymer, the monomers of this polymer are also bonded to form larger molecules or a polymer. The worldwide ascend of these bio-based polymers are due to factors like these polymers could be manufactured or produced from the farming feedstock. Consisting of corn, potatoes, sugarcane, etc. all of this could successfully eliminate the dependence of petrochemical items. Which are generally harmful and difficult to procure and put into secondary productions.

Global Bio-Based Polymers Market Forecast and Trends

Growth Drivers 

The idea of all green products

As the plastics or polymers got introduced in the industries, it has truly the core and has reached every nook, corner around the world. It is all because polymers are some of the best-engineered materials ever produced. Now, the increased use of plastics and polymers are getting outnumbered by their disposability. Therefore, they’re being produced even more than ever because of their popularity and their hassle-free manufacturing. All of this has not turned out well, because plastics and polymers don’t decompose naturally in the environment, unlike many other materials. Their quality, which makes them preferred and wanted, is the reason why plastics and polymers are being neglected or not produced heavily nowadays.

But since the idea of biopolymers and bio-based has been coined, the market for its development, research, and technological trials. All of this could be credited for that the consumers have grown more socially aware, environmentally friendly, etc. The first biopolymers were extracted from plants such as corn, sugarcane, soybeans mash, cellulose, and vegetable oil. They were rather known as Cutting edge Polymers because they mainly were used to lessen the utilization of nonrenewable energy sources. Starch and cellulose were the very first designed bio-based polymers, which were utilized in the materials for the first practical application such as bundling development. 

They solve, the problem of disposing of plastics

As mentioned earlier, it is evident that the presence of synthetic polymers has created an issue and whole new related problems. Also, the increased dependence on synthetic polymers led to a heightened rise in environmental risks related to its recycling and disposal. Because these aren’t decomposed, they are either landfilled or combusted, now on combustion, they release toxic and harmful greenhouse gases. Into the atmosphere making the ozone deplete. But in recent years, strict environmental laws and regulations are made to follow on regulated applications of fossil fuel and related products. Governments are coming together globally, taking summit meetings and bringing various initiatives to encourage the development of biopolymers, making their market grow as expected. 

Restraint

Not as stable and functional

As much as we know about the biopolymers, we are also aware of the properties of the biopolymers, that they are NOT as stable, as cost-effective, and functional as the petrochemical-based polymers are. These are due to the obvious fact that they're made from biotic elements and are going to be standing nowhere in terms of strengths, durability, etc. They are 2 or 3 times pricier than the conventional polymers, with low and expensive yields. In addition to that, there’s been concern about them being harmful to food supplies because their manufacturing is dependent on terrestrial crops. Also, taking an instance that if only 0.02% of the world’s total naturally irrigated area is available for cultivation. And even if half the world’s plastics were made from crops grown on food land, the industry would only still require 3% of the world’s cultivated acreage. Moreover, the crop-based bioplastic needs fertile land, abundant water, and fertilizers and is reliable in natural weather conditions. All of this makes crop production for the sole purpose of plastic manufacturing even more questionable. Therefore, these problems would arise, hindering the market elevation.

Impact of COVID 19 on the Industry

The global market for bio-based polymers has been affected by COVID negatively. Majorly because of halted production in all sorts of manufacturing sectors, the biopolymer one is no different. But the biopolymer market is suffering a bit more than others because the focus of all the leading researching and developing firms, industries have shifted towards the pandemic. And it has caused a halt on prospect development of the relevant market. Not only this but the closures of institutes, development centers, etc. have stopped further discussion on the topic for some time. But the market is anticipating jumping back into its previous form as soon as possible after the present global situation improves. 

Global Bio-Based Polymers Market: By Type

Based on type, the market is known to be segmented into Biodegradables and Non-Biodegradables. These two then are further branched into PLA, PHA, Biodegradable Polyester, Starch, Cellulose, and PET (Bio-Based), PE (Bio-Based), PA (Bio-Based) respectively. As per the figures of 2019, the non-biodegradables led the market to hold a share of 54.96%. And is expected to do so in the forecast period as well. The credit for this specific growth is given to the high demand for electronic equipment, consumer goods, and automotive housings. The products such as carry bags, cups, films, bottles are made by PET, PA, etc. Which has wide consumers and therefore it helps with stable market growth.

Global Bio-Based Polymers Market: By Application 

The segmentation based on application has a wide range, but the major ones are Agriculture, Automobile/Transportation, Electronics, Textiles, Packaging, etc. The packaging sector had the maximum share as per the records of 2019. The packaging application owned about 62.4% of the total share. Due to the increased usage 

of the bioplastics to manufacture agricultural foils, compost bags, horticulture & nursery products, textiles, and toys; the packaging sector thrived and elevated the total market growth by giving in more than half of the entire share.

Global Bio-Based Polymers Market: Regional Insights

Europe registered the market in 2019, with a share of 44.9%. The factors which helped it to sail through well are the presence of stringent government laws, awareness around single-use plastics, R&Ds turning into real-time investments, and most importantly environmental concerns. Not only this, but the big shots of this region are also particularly helping and aiding the populations by providing their products, in the harsh times of COVID 19. Asia-Pacific will propel the global market with the presence of skilled labor at lower costs. The shift in the market would be seen especially through Indian and China. And it will impact the market positively.

BlueWeave Consulting

Recent Developments

●      March,2020 Biosphere collaborated with Loft 312, to create biodegradable pet waste disposable bags. The dog waste industry is growing fastly, which requires other market players like Biosphere. Which helped in creating biodegradable pet waste bags.

●      Bio PE, a leading biopolymer manufacturer has produced bioethanol and is committed to make it available at low prices. Therefore, increasing imposement of government regulation owing to reduced greenhouse gas (GNG) effects and protecting the environment.

Competitive Landscape

The significant market players of the Global Biobased Polymer Industries are  Antron, Potatopak Limited, Biobag Canada, eijin Ltd., Toray Industries, Toyota Tsusho, Tianan Biologic Material Co., M&G Chemicals, PTT Global Chemical Public Company Ltd., Showa Denko K.K among Others.

Scope of the Report

Scope of the Report

⮚         By Type

●        Biodegradable

ü  PLA

ü  PHA

ü  Biodegradable Polyester

ü  Starch

ü  Cellulose

●      Non-Biodegradable

ü  PET (Bio based)

ü  PE (Bio based)

ü  PA (Bio based)

⮚         By Application

●      Agriculture

●      Automobile/Transportation

●      Electronics

●      Textile

●      Packaging

⮚         By Region

●        Asia Pacific

●        North America

●        Europe

●        Middle East & Africa

●        Latin America