Bio-Based Resins Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR40991

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 Bio-Based Resins Market - 2021-2025

The bio-based resins market size is expected to reach a value of 17.76 million tons, at a CAGR of 11.82%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the rising consumer appeal toward eco-friendly packaging are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Bio-Based Resins Market Size

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Bio-Based Resins Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our bio-based resins market analysis report extensively covers application (packaging, automotive, construction, and others), type (non-biodegradable and biodegradable), and geography (Europe, North America, APAC, South America, and MEA), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the bio-based resins market segments to recognize and seize financial opportunities

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic bio-based resins market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Bio-Based Resins Market Vendors and Competitive Analysis

The bio-based resins market is fragmented and the vendors are deploying growth strategies such as extending their product portfolio to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The bio-based resins market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full bio-based resins market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Bio-Based Resins Market Vendors

Bio-Based Resins Market - Region Opportunities 2021-2025

36% of the bio-based resins market growth will originate from APAC during the forecast period. China is a key market for bio-based resins in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Bio-Based Resins Market Share by Geography

APAC has been exhibiting a significant growth rate for bio-based resins market vendors. Factors such as the growing alcoholic and carbonated soft drink beverage consumption in China and India are accelerating the bio-based resins market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The bio-based resins market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Bio-Based Resins Market Insights by Application

Bio-Based Resins Market Share by Application

To gain further insights on the market contribution of various segments Request for a FREE Sample!

According to our market segmentation data analysis, the packaging segment is expected to be a significant contributor to the growth of the bio-based resins market share during the forecast period. The bio-based resins market in packaging applications is expected to grow at a persistent pace during the forecast period due to widespread applications of bio-based resins in the packaging industry. Bio-based resins are used for the manufacturing of bottle caps, mineral water bottles, carbonated soft drink (CSD) bottles, and dairy packaging. This report provides an accurate prediction of the revenue share of all the segments to the growth of the bio-based resins market size.

From the bio-based resins market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentation will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Bio-Based Resins Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the bio-based resins market growth is the cost-effectiveness of conventional resins over bio-based resins. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

The rising consumer appeal towards eco-friendly packaging materials will drive the growth prospects for the bio-based resins market. Factors including the increasing sales of natural products, the use of green products with functional benefits, and the need for sustainable manufacturing processes will stimulate the demand for bio-packaging materials made from bio-resins. Major plastics manufacturers and packaging vendors are increasingly shifting toward the use of bio-packaging products due to the rising preference for eco-friendly packaging materials among consumers. Also, the increasing number of governmental regulations, the need to meet corporate sustainability goals, and the inclination toward the green branding of products will further fuel the adoption of bio-based resins in the market.

This bio-based resins market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Bio-Based Resins Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bio-based resins market growth during the next five years
  • Precise estimation of the bio-based resins market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bio-based resins market across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bio-based resins market vendors

Buy the Bio-Based Resins Market report now to reimage your business strategies!

 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bio-based resins market growth will increase by $11289.75 thousand MT during 2019-2024.
The bio-based resins market is expected to grow at a CAGR of 19.28% during 2019-2024.
Technavio has segmented the bio-based resins market by application by volume (Packaging, Automotive, Construction, and Others) and geographic (Europe, North America, APAC, South America, and MEA).
Arkema SA, Archer Daniels Midland Co., Ashland LLC, BASF SE, Braskem SA, Corbion NV, DuPont de Nemours Inc., Huntsman International LLC, Koninklijke DSM NV, Trinseo SA are a few of the key vendors in the bio-based resins market.
APAC will register the highest growth rate of 33.57% among the other regions. Therefore, the bio-based resins market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the bio-based resins market growth are:
  • Fluctuating oil prices
  • Sustainable production
The bio-based resins market vendors should focus on grabbing business opportunities from the packaging segment as it accounted for the largest market share in the base year.
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