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Biopolymers Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 148
  • SKU: IRTNTR45591
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The biopolymers market share is expected to increase by 1294.13 thousand tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.04%.

This biopolymers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biopolymers market segmentations by end-user (packaging and food services sector, agriculture and horticulture sector, consumer goods sector, automotive sector, and others), type (PLA, bio-PE, bio-PET, PHA, and others), and geography (Europe, North America, APAC, MEA, and South America). The biopolymers market report also offers information on several market vendors, including Archer Daniels Midland Co., Arkema SA, BASF SE, Braskem SA, Danimer Scientific, DuPont de Nemours Inc., Evonik Industries AG, Galatea Bio Tech Srl, NatureWorks LLC, and Toray Industries Inc. among others.

What will the Biopolymers Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Biopolymers Market Size for the Forecast Period and Other Important Statistics

 

Biopolymers Market: Key Drivers, Trends, and Challenges

The volatility in crude oil prices is notably driving the biopolymers market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biopolymers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biopolymers Market Driver

The volatility in crude oil prices is a major factor driving the global biopolymers market share growth. The use of crude oil as a carbon feedstock for producing chemicals has dominated the chemical industry. The oil and gas industry is one of the major suppliers of raw materials to the global chemical market. Therefore, any fluctuations in crude oil prices affect the prices of raw materials considerably, thereby affecting the cost of chemicals. The volatility in the prices of raw materials directly affects the revenue and profit margins of manufacturers of chemical products. Consequently, vendors are compelled to reduce the use of petroleum-derived feedstock chemicals and seek alternative solutions to maintain their profit margins. The supply of raw materials can be negatively affected by adverse weather conditions, national emergencies, natural disasters, supply shortages, and other events. The price fluctuations and non-availability of raw materials can affect the cost of the products and operations of the vendors. Essentially, volatility in crude oil prices will boost the demand for biopolymers globally during the forecast period.

Key Biopolymers Market Trend

The increasing preference for eco-friendly packaging is another factor supporting the global biopolymers market share growth. The growth in plastic waste worldwide has led to the enforcement of stringent regulations on the use of plastics. Consumers increasingly prefer eco-friendly plastic products owing to the rising awareness of the health hazards of plastic use. With the growing necessity to reduce plastic waste across the world, governments in developed and developing countries are taking numerous initiatives. The rising global population is also contributing to plastic waste generation across the globe. The growing population in India and China will increase the production of plastic packaging waste because of the use of packaged food and other packaged products. The US generates 80-million-ton plastic packaging waste and the UK generates 2 million tons of plastic packaging waste every year.  The rising plastic packaging waste production across the globe has forced vendors to consume more green packaging labels as a strategy for branding as well as customer acquisition. Additionally, the increasing acceptance of sustainable packaging and green products by consumers will drive the global bioplastics market, which will support the growth of the global biopolymers market during the forecast period.

Key Biopolymers Market Challenge

The cost-effectiveness of conventional plastics over biopolymers will be a major challenge for the global biopolymers market share growth during the forecast period. One of the biggest challenges for the growth of the global biopolymers market is the cost-competitive inability of biopolymers over conventional plastics. The price of biopolymers is in the range of $3,500-$5,200 per ton, which is higher than that of conventional plastics. The rising prices of renewable raw materials such as glucose, which is used for manufacturing biopolymers, are also hindering the market's growth. The lack of the required supply chain network at upcoming capacity locations is another challenge for the market. One of the main issues in the production of biopolymers is the non-standard production technology, which is still in its nascent stage of development. Different raw materials are being tested for the optimal production of biopolymers. High production costs, owing to the small-scale production by vendors and high R&D costs incurred by vendors, and the substantial price difference between biopolymers and conventional petroleum-based products will hinder the demand for biopolymers during the forecast period.

This biopolymers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global biopolymers market as part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biopolymers market during the forecast period.

Who are the Major Biopolymers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Archer Daniels Midland Co.
  • Arkema SA
  • BASF SE
  • Braskem SA
  • Danimer Scientific
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Galatea Bio Tech Srl
  • NatureWorks LLC
  • Toray Industries Inc.

 

This statistical study of the biopolymers market encompasses successful business strategies deployed by the key vendors. The biopolymers market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Archer Daniels Midland Co.- The company produces Corn and Wheat Streaches, Cellulose, Soy Protein and Biopolymers.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The biopolymers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Biopolymers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the biopolymers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global commodity chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Biopolymers Market?

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32% of the market’s growth will originate from Europe during the forecast period. Germany and UK are the key markets for biopolymers market in Europe. Market growth in this region will be faster than the growth of the market in all other regions.

The increasing demand from the healthcare industry will facilitate the biopolymers market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has reduced the sales of biopolymers in the region, as manufacturing units have been closed to control the spread of the disease. Italy, Spain, Germany, France, Switzerland, the UK, the Netherlands, Austria, Belgium, Norway, Portugal, and Sweden are some of the countries that have been severely affected by the pandemic. The biopolymers manufacturing industry was temporarily shut down, primarily during the first half of 2020, which declined the demand for biopolymers. Weakening economies and disruptions in supply chains were among the primary factors that impacted the growth of the regional market in 2020. However, the region's economy is expected to recover from the COVID-19 crisis due to the availability of COVID-19 vaccines. The ongoing vaccination drives are expected to contain the spread of the disease and result in the full resumption of production operations by the end of 2021.

What are the Revenue-generating End-user Segments in the Biopolymers Market?

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The biopolymers market share growth by the packaging and food services sector segment will be significant during the forecast period. The packaging industry is mainly dominated by the global e-commerce industry. The e-commerce industry uses large quantities of foams, carrier bags, and shrink wraps, among others, as packaging materials. The thriving global e-commerce industry will drive the demand for packaging materials, including PHAs, during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biopolymers market size and actionable market insights on post COVID-19 impact on each segment.

 

Biopolymers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.04%

Market growth 2021-2025

1294.13 thousand tons

Market structure

Fragmented

YoY growth (%)

5.70

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 32%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Archer Daniels Midland Co., Arkema SA, BASF SE, Braskem SA, Danimer Scientific, DuPont de Nemours Inc., Evonik Industries AG, Galatea Bio Tech Srl, NatureWorks LLC, and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biopolymers Market Report?

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Commodity chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand tons)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis 2020 & 2025
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Packaging and food services sector - Market size and forecast 2020-2025
      • Exhibit 17: Packaging and food services sector - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 18: Packaging and food services sector - Year-over-year growth 2020-2025 (%)
    • 5.4 Agriculture and horticulture sector - Market size and forecast 2020-2025
      • Exhibit 19: Agriculture and horticulture sector - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 20: Agriculture and horticulture sector - Year-over-year growth 2020-2025 (%)
    • 5.5 Consumer goods sector - Market size and forecast 2020-2025
      • Exhibit 21: Consumer goods sector - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 22: Consumer goods sector - Year-over-year growth 2020-2025 (%)
    • 5.6 Automotive sector - Market size and forecast 2020-2025
      • Exhibit 23: Automotive sector - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 24: Automotive sector - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 28: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 29: Comparison by Type
    • 6.3 PLA - Market size and forecast 2020-2025
      • Exhibit 30: PLA - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 31: PLA - Year-over-year growth 2020-2025 (%)
    • 6.4 Bio-PE - Market size and forecast 2020-2025
      • Exhibit 32: Bio-PE - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 33: Bio-PE - Year-over-year growth 2020-2025 (%)
    • 6.5 Bio-PET - Market size and forecast 2020-2025
      • Exhibit 34: Bio-PET - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 35: Bio-PET - Year-over-year growth 2020-2025 (%)
    • 6.6 PHA - Market size and forecast 2020-2025
      • Exhibit 36: PHA - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 37: PHA - Year-over-year growth 2020-2025 (%)
    • 6.7 Others - Market size and forecast 2020-2025
      • 6.8 Market opportunity by Type
        • Exhibit 40: Market opportunity by Type

      7 Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 42: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 43: Geographic comparison
      • 8.3 Europe - Market size and forecast 2020-2025
        • Exhibit 44: Europe - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)
      • 8.4 North America - Market size and forecast 2020-2025
        • Exhibit 46: North America - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 47: North America - Year-over-year growth 2020-2025 (%)
      • 8.5 APAC - Market size and forecast 2020-2025
        • Exhibit 48: APAC - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 49: APAC - Year-over-year growth 2020-2025 (%)
      • 8.6 MEA - Market size and forecast 2020-2025
        • Exhibit 50: MEA - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 51: MEA - Year-over-year growth 2020-2025 (%)
      • 8.7 South America - Market size and forecast 2020-2025
        • Exhibit 52: South America - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 53: South America - Year-over-year growth 2020-2025 (%)
      • 8.8 Key leading countries
        • 8.9 Market opportunity by geography
          • Exhibit 55: Market opportunity by geography

        9 Drivers, Challenges, and Trends

        • 9.1 Market drivers
          • 9.2 Market challenges
            • Exhibit 56: Impact of drivers and challenges
          • 9.3 Market trends

            10 Vendor Landscape

            • 10.1 Overview
              • 10.2 Vendor landscape
                • Exhibit 57: Vendor landscape
              • 10.3 Landscape disruption
                • Exhibit 58: Landscape disruption
                • Exhibit 59: Industry risks

              11 Vendor Analysis

              • 11.1 Vendors covered
                • Exhibit 60: Vendors covered
              • 11.2 Market positioning of vendors
                • Exhibit 61: Market positioning of vendors
              • 11.3 Archer Daniels Midland Co.
                • Exhibit 62: Archer Daniels Midland Co. - Overview
                • Exhibit 63: Archer Daniels Midland Co. - Business segments
                • Exhibit 64: Archer Daniels Midland Co. - Key offerings
                • Exhibit 65: Archer Daniels Midland Co. - Segment focus
              • 11.4 Arkema SA
                • Exhibit 66: Arkema SA - Overview
                • Exhibit 67: Arkema SA - Business segments
                • Exhibit 68: Arkema SA - Key offerings
                • Exhibit 69: Arkema SA - Segment focus
              • 11.5 BASF SE
                • Exhibit 70: BASF SE - Overview
                • Exhibit 71: BASF SE - Business segments
                • Exhibit 72: BASF SE - Key offerings
                • Exhibit 73: BASF SE - Segment focus
              • 11.6 Braskem SA
                • Exhibit 74: Braskem SA - Overview
                • Exhibit 75: Braskem SA - Business segments
                • Exhibit 76: Braskem SA - Key offerings
                • Exhibit 77: Braskem SA - Segment focus
              • 11.7 Danimer Scientific
                • Exhibit 78: Danimer Scientific - Overview
                • Exhibit 79: Danimer Scientific - Business segments
                • Exhibit 80: Danimer Scientific - Key offerings
                • Exhibit 81: Danimer Scientific - Segment focus
              • 11.8 DuPont de Nemours Inc.
                • Exhibit 82: DuPont de Nemours Inc. - Overview
                • Exhibit 83: DuPont de Nemours Inc. - Business segments
                • Exhibit 84: DuPont de Nemours Inc. - Key offerings
                • Exhibit 85: DuPont de Nemours Inc. - Segment focus
              • 11.9 Evonik Industries AG
                • Exhibit 86: Evonik Industries AG - Overview
                • Exhibit 87: Evonik Industries AG - Business segments
                • Exhibit 88: Evonik Industries AG - Key offerings
                • Exhibit 89: Evonik Industries AG - Segment focus
              • 11.10 Galatea Bio Tech Srl
                • Exhibit 90: Galatea Bio Tech Srl - Overview
                • Exhibit 91: Galatea Bio Tech Srl - Product and service
                • Exhibit 92: Galatea Bio Tech Srl - Key offerings
              • 11.11 NatureWorks LLC
                • Exhibit 93: NatureWorks LLC - Overview
                • Exhibit 94: NatureWorks LLC - Product and service
                • Exhibit 95: NatureWorks LLC - Key offerings
              • 11.12 Toray Industries Inc.
                • Exhibit 96: Toray Industries Inc. - Overview
                • Exhibit 97: Toray Industries Inc. - Business segments
                • Exhibit 98: Toray Industries Inc. - Key offerings
                • Exhibit 99: Toray Industries Inc. - Segment focus

              12 Appendix

              • 12.1 Scope of the report
                • 12.2 Currency conversion rates for US$
                  • Exhibit 100: Currency conversion rates for US$
                • 12.3 Research methodology
                  • Exhibit 101: Research Methodology
                  • Exhibit 102: Validation techniques employed for market sizing
                  • Exhibit 103: Information sources
                • 12.4 List of abbreviations
                  • Exhibit 104: List of abbreviations

                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.

                TechnavioINFORMATION 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
                Technavio

                TechnavioDATA 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
                Technavio

                TechnavioREPORT 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 biopolymers market growth will increase by $1294.13 thousand tons during 2021-2025.
                The biopolymers market is expected to grow at a CAGR of 6.04% during 2021-2025.
                Technavio has segmented the biopolymers market by end user (Packaging and food services sector, Agriculture and horticulture sector, Consumer goods sector, Automotive sector, and Others) ,type (Bio-PET, PLA, PHA, Bio-PE, and Others) , and geographic (Europe, North America, APAC, MEA, and South America).
                Archer Daniels Midland Co., Arkema SA, BASF SE, Braskem SA, Danimer Scientific, DuPont de Nemours Inc., Evonik Industries AG, Galatea Bio Tech Srl, NatureWorks LLC, Toray Industries Inc. are a few of the key vendors in the biopolymers market.
                Europe will register the highest growth rate of 32.2% among the other regions. Therefore, the biopolymers market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the biopolymers market growth are:
                • Volatility in crude oil prices
                The biopolymers market vendors should focus on grabbing business opportunities from the packaging and food services sector segment as it accounted for the largest market share in the base year.
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