Biopolymers Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 184 SKU: IRTNTR45591

Biopolymers Market Forecast 2023-2027

The biopolymers market size is estimated to grow by USD 14.93 billion at a CAGR of 10.11% between 2022 and 2027. The volatility in crude oil prices impacts the cost competitiveness of biodegradable plastics, as they are often seen as alternatives to traditional plastics derived from crude oil. Stringent environmental regulations and policies are driving the demand for biodegradable plastics, as they offer a more sustainable solution compared to traditional plastics. The increasing demand for PHA-based biodegradable plastics is driven by their biodegradability and versatility, making them suitable for a wide range of applications.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by type (PLA, Bio-PE, Bio-PET, PHA, and starch and others), end-user (packaging and food services sector, agriculture and horticulture, consumer goods, automotive, and others), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

By Type

The PLA segment is estimated to witness significant growth during the forecast period. PLA is one of the most widely adopted biodegradable polyesters. It has been found in blood and muscle tissue as a derivative of lactic acid, which is the glucose metabolism product. The synthesis of PLA can be carried out either on a recycled or unrefuelable basis. Chemical polymerization of lactic acid results in the formation of PLA copolymer. PLA is preferred in biopolymeric applications as it is water-resistant. 

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The PLA segment was the largest segment and was valued at  USD 2.16 billion in 2017. The primary application of PLA is in the packaging sector, and also used as an insulator and is often used as an alternative to polystyrene. PLA's adaptability and natural degradation potential in the environment are some of its benefits as a biopolymer. The demand for PLA is expected to increase during the forecast period, which will boost the growth of the global biopolymers market.

By Region

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Europe is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Biopolymers are used in medical devices such as memory enhancers, biocontrol agents, biodegradable implants, and anticancer agents. One of the largest markets for medical devices is in Europe, Germany, France, and Italy. The growth rate in Europe's medical devices market, driven by growing demand from the health sector, is expected to be high over the forecast period. The aging population is primarily responsible for the development of the medical device market in this region. In the food service industry, biopolymers are used for making food packaging materials, owing to their characteristics such as high barrier to flavoring substances, high chemical resistance, and high CO2 barrier. Hence, the growth in the European foodservice market will drive the demand for biopolymers during the forecast period.

Market Dynamics and Customer Landscape

The market is driven by the increasing demand for environmentally friendly packaging alternatives and the rising awareness of global warming and its effects. Companies like BASF SE and Braskem are key players in developing bio-based polymers and biodegradable plastics from corn and other feedstocks. These materials offer healing properties for the environment by reducing carbon footprints and harmful effects caused by traditional plastics. Additionally, they find applications in various industries, such as automotive, consumer products, and the biomedical sector, creating emerging revenue pockets and driving the market's growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing demand for PHA-based biodegradable plastics is a driving trend in the market. Due to the rising demand for environmentally friendly packaging across various industries, major plastics and packaging producers are transitioning to biodegradable materials. This shift is driven by increasing government regulations that prohibit the use of non-biodegradable plastic products. Governments are implementing green procurement rules to reduce the harm caused by traditional plastics and promote materials with healing properties. The use of renewable sources, such as biomass and biodiesel raw materials, is also contributing to the growth of the global biodegradable plastics market.

Unlike petroleum and fossil fuels, the raw materials used in biodegradable plastic production are renewable and abundant. The outlook for bioplastic raw materials, which are used to make plastics, is expected to be highly influential due to their environmental friendliness compared to petroleum-based raw materials. This is particularly relevant in the context of carbon footprints, consumer products, conventional plastics, and conventional polymers. The increasing global demand for bioplastics is expected to drive the demand for PHAs (polyhydroxyalkanoates) and other biopolymers in the forecast period.

Major Market Trends

The high demand for cornstarch due to its cost-effective nature is a primary trend in the market. The increasing demand for cornstarch in the paper sector is one of the most important trends in the global bioplastics market. This is primarily due to the broad application areas of both native cornstarch and modified cornstarch. In the paper industry, cornstarch is frequently used as a filling agent. Paper manufacturers have been looking for cost-efficient alternatives or cheaper fillers due to the high costs of cellulose pulp. These stabilizers are usually used to bind the specially modified starch into the pulp.

Cornstarch is also used as a thickening agent in papermaking. It has excellent moisture-absorbing power. In comparison with stored products, cornstarch also offers a more affordable alternative. The use of cornstarch goes beyond its application in the food and beverage industry. In addition, due to its flexibility, this ingredient is ideal for several applications in the paper sector, thereby increasing demand for cornstarch, which is also expected to strengthen the growth of the global market during the forecast period.

Significant Market Challenge

Low market acceptance and consumer awareness is a major challenge faced in a market.  One of the main challenges facing the world market for biopolymers is that consumers and end users perceive them to be specialty or niche materials. For biopolymers to be used more widely and for the industry to grow, there needs to be greater acceptability in the marketplace and a greater understanding of the advantages of these materials, such as their renewable and biodegradable nature.

However, comprehensive communication strategies and focused efforts are required to emphasize sustainability, the smaller carbon footprint of biopolymers, and their potential to reduce plastic waste. To tackle this challenge, the development of effective marketing campaigns, working with industry stakeholders, and participating in public policies aimed at promoting wider knowledge and acceptance of bioplastics as substitutes for traditional plastics are needed. A failure to spread this awareness can hinder the adoption of biopolymers and hence pose a challenge to the growth of the global biopolymers market during the forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Biopolymers Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Archer Daniels Midland Co. - The company offers biopolymers and bioplastics in partnership with LG Chem.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Arkema Group
  • BASF SE
  • Biome Technologies plc
  • Danimer Scientific Inc.
  • DuPont de Nemours Inc.
  • Eastman Chemical Co.
  • Evonik Industries AG
  • Galatea Bio Tech Srl
  • KURARAY Co. Ltd.
  • Merck KGaA
  • Mitsubishi Chemical Corp.
  • NatureWorks LLC
  • Novamont S.p.A.
  • Rodenburg Biopolymers B.V.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • PLA
    • Bio-PE
    • Bio-PET
    • PHA
    • Starch and others
  • End-user Outlook 
    • Packaging and food services sector
    • Agriculture and horticulture
    • Consumer goods
    • Automotive
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Market Analyst Overview

The market is experiencing significant growth, driven by the increasing demand for environmentally friendly packaging alternatives and the rising awareness of the harmful effects of traditional plastics on the environment. Biopolymers, such as alginate, chitosan, and cutin, offer biodegradable and ecologically friendly solutions for various industries, including agriculture, consumer products, and medical equipment. These materials, derived from natural sources like sugarcane and seaweed, are paving the way for a circular economy and reducing carbon footprints. With advancements in technology and innovation, the market is poised for further growth and development in the coming years.

The market is witnessing substantial growth, fueled by the increasing demand for biodegradable and eco-friendly alternatives to conventional plastics. These materials, derived from natural sources such as sugarcane and natural rubbers, are gaining traction in various sectors, including agriculture, biomedical, and packaging. The market is influenced by factors such as customer preference for sustainable products, changes in market regulations promoting environmentally friendly solutions, and government initiatives to reduce the harm caused by traditional plastics. With technological innovations driving the development of new applications and emerging revenue pockets, the biopolymers market is poised for continued expansion.

The market is experiencing significant growth, driven by the rising demand for eco-friendly alternatives in various sectors such as agriculture, biomedical, and packaging. Biodegradable mulch films, bottles, and cutlery are replacing conventional plastics, supported by government initiatives and green procurement rules. Companies are investing in research and development to expand their production capacity and develop newer applications for biopolymers. Factors like economies of scale and development prospects are further propelling market growth. However, challenges such as polymerization costs and hydrolytic stability remain, highlighting the need for continuous technological innovation and strategic market growth analysis.

Market Scope

Report Coverage

Details

Page number

184

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.11%

Market growth 2023-2027

USD 14.93 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

9.36

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 33%

Key countries

US, China, Japan, Germany, and the UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Archer Daniels Midland Co., Arkema Group, BASF SE, Biome Technologies plc, Danimer Scientific Inc., DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, Galatea Bio Tech Srl, KURARAY Co. Ltd., Merck KGaA, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont S.p.A., Rodenburg Biopolymers B.V., Solanyl Biopolymers Inc., Toray Industries Inc., TotalEnergies Corbion bv, Yield10 Bioscience Inc., and Braskem SA

Market dynamics

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

Customization purview

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global biopolymers market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global biopolymers market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Country Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 29: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 30: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 31: Chart on Comparison by Type
      • Exhibit 32: Data Table on Comparison by Type
    • 6.3 PLA - Market size and forecast 2022-2027
      • Exhibit 33: Chart on PLA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Data Table on PLA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Chart on PLA - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on PLA - Year-over-year growth 2022-2027 (%)
    • 6.4 Bio-PE - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Bio-PE - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Data Table on Bio-PE - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Chart on Bio-PE - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Bio-PE - Year-over-year growth 2022-2027 (%)
    • 6.5 Bio-PET - Market size and forecast 2022-2027
      • Exhibit 41: Chart on Bio-PET - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Data Table on Bio-PET - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Chart on Bio-PET - Year-over-year growth 2022-2027 (%)
      • Exhibit 44: Data Table on Bio-PET - Year-over-year growth 2022-2027 (%)
    • 6.6 PHA - Market size and forecast 2022-2027
      • Exhibit 45: Chart on PHA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 46: Data Table on PHA - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Chart on PHA - Year-over-year growth 2022-2027 (%)
      • Exhibit 48: Data Table on PHA - Year-over-year growth 2022-2027 (%)
    • 6.7 Starch and others - Market size and forecast 2022-2027
      • Exhibit 49: Chart on Starch and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Data Table on Starch and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Chart on Starch and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 52: Data Table on Starch and others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Type
      • Exhibit 53: Market opportunity by Type ($ billion)
      • Exhibit 54: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Packaging and food services sector - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Packaging and food services sector - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Packaging and food services sector - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Packaging and food services sector - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Packaging and food services sector - Year-over-year growth 2022-2027 (%)
    • 7.4 Agriculture and horticulture - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Agriculture and horticulture - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Agriculture and horticulture - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Agriculture and horticulture - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Agriculture and horticulture - Year-over-year growth 2022-2027 (%)
    • 7.5 Consumer goods - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • 7.6 Automotive - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 79: Market opportunity by End-user ($ billion)
      • Exhibit 80: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 82: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 83: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 84: Chart on Geographic comparison
      • Exhibit 85: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 86: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 90: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 93: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 94: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 97: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 98: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 101: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 102: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 105: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 106: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 109: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 110: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 113: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 114: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 117: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 118: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 120: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 121: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 122: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 123: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 124: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 125: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 126: Market opportunity by geography ($ billion)
      • Exhibit 127: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 128: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 129: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 130: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 131: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 132: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 133: Matrix on vendor position and classification
            • 12.3 Archer Daniels Midland Co.
              • Exhibit 134: Archer Daniels Midland Co. - Overview
              • Exhibit 135: Archer Daniels Midland Co. - Business segments
              • Exhibit 136: Archer Daniels Midland Co. - Key offerings
              • Exhibit 137: Archer Daniels Midland Co. - Segment focus
            • 12.4 Arkema Group
              • Exhibit 138: Arkema Group - Overview
              • Exhibit 139: Arkema Group - Business segments
              • Exhibit 140: Arkema Group - Key news
              • Exhibit 141: Arkema Group - Key offerings
              • Exhibit 142: Arkema Group - Segment focus
            • 12.5 BASF SE
              • Exhibit 143: BASF SE - Overview
              • Exhibit 144: BASF SE - Business segments
              • Exhibit 145: BASF SE - Key news
              • Exhibit 146: BASF SE - Key offerings
              • Exhibit 147: BASF SE - Segment focus
            • 12.6 Biome Technologies plc
              • Exhibit 148: Biome Technologies plc - Overview
              • Exhibit 149: Biome Technologies plc - Business segments
              • Exhibit 150: Biome Technologies plc - Key offerings
              • Exhibit 151: Biome Technologies plc - Segment focus
            • 12.7 Braskem SA
              • Exhibit 152: Braskem SA - Overview
              • Exhibit 153: Braskem SA - Business segments
              • Exhibit 154: Braskem SA - Key offerings
              • Exhibit 155: Braskem SA - Segment focus
            • 12.8 Danimer Scientific Inc.
              • Exhibit 156: Danimer Scientific Inc. - Overview
              • Exhibit 157: Danimer Scientific Inc. - Product / Service
              • Exhibit 158: Danimer Scientific Inc. - Key offerings
            • 12.9 DuPont de Nemours Inc.
              • Exhibit 159: DuPont de Nemours Inc. - Overview
              • Exhibit 160: DuPont de Nemours Inc. - Business segments
              • Exhibit 161: DuPont de Nemours Inc. - Key news
              • Exhibit 162: DuPont de Nemours Inc. - Key offerings
              • Exhibit 163: DuPont de Nemours Inc. - Segment focus
            • 12.10 Evonik Industries AG
              • Exhibit 164: Evonik Industries AG - Overview
              • Exhibit 165: Evonik Industries AG - Business segments
              • Exhibit 166: Evonik Industries AG - Key news
              • Exhibit 167: Evonik Industries AG - Key offerings
              • Exhibit 168: Evonik Industries AG - Segment focus
            • 12.11 Galatea Bio Tech Srl
              • Exhibit 169: Galatea Bio Tech Srl - Overview
              • Exhibit 170: Galatea Bio Tech Srl - Product / Service
              • Exhibit 171: Galatea Bio Tech Srl - Key offerings
            • 12.12 KURARAY Co. Ltd.
              • Exhibit 172: KURARAY Co. Ltd. - Overview
              • Exhibit 173: KURARAY Co. Ltd. - Business segments
              • Exhibit 174: KURARAY Co. Ltd. - Key offerings
              • Exhibit 175: KURARAY Co. Ltd. - Segment focus
            • 12.13 Merck KGaA
              • Exhibit 176: Merck KGaA - Overview
              • Exhibit 177: Merck KGaA - Business segments
              • Exhibit 178: Merck KGaA - Key news
              • Exhibit 179: Merck KGaA - Key offerings
              • Exhibit 180: Merck KGaA - Segment focus
            • 12.14 NatureWorks LLC
              • Exhibit 181: NatureWorks LLC - Overview
              • Exhibit 182: NatureWorks LLC - Product / Service
              • Exhibit 183: NatureWorks LLC - Key offerings
            • 12.15 Novamont S.p.A.
              • Exhibit 184: Novamont S.p.A. - Overview
              • Exhibit 185: Novamont S.p.A. - Product / Service
              • Exhibit 186: Novamont S.p.A. - Key offerings
            • 12.16 Toray Industries Inc.
              • Exhibit 187: Toray Industries Inc. - Overview
              • Exhibit 188: Toray Industries Inc. - Business segments
              • Exhibit 189: Toray Industries Inc. - Key offerings
              • Exhibit 190: Toray Industries Inc. - Segment focus
            • 12.17 TotalEnergies Corbion bv
              • Exhibit 191: TotalEnergies Corbion bv - Overview
              • Exhibit 192: TotalEnergies Corbion bv - Product / Service
              • Exhibit 193: TotalEnergies Corbion bv - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 194: Inclusions checklist
                • Exhibit 195: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 196: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 197: Research methodology
                • Exhibit 198: Validation techniques employed for market sizing
                • Exhibit 199: Information sources
              • 13.5 List of abbreviations
                • Exhibit 200: 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.

              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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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