Enjoy complimentary customisation on priority with our Enterprise License!
The bio-based resins market share is expected to increase by 17.76 million tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.82%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (packaging, automotive, construction, and others), type (non-biodegradable and biodegradable), and geography (Europe, North America, APAC, South America, and MEA).
The bio-based resins market report also offers information on several market vendors, including Archer Daniels Midland Co., Arkema SA, Ashland Global Holdings Inc., BASF SE, Braskem SA, DuPont de Nemours Inc., Huntsman Corp., Koninklijke DSM NV, Novamont SpA, and Trinseo SA among others.
Archer Daniels Midland Co. - The company offers bio-based resins such as industrial oils, acidulants, and solvents. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals.
Get the Bio-Based Resins Market Size Forecast by Downloading the Report Sample
Technavio categorizes the global bio-based resins market as a part of the global speciality chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bio-based resins market during the forecast period.
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 Bio-Based Resins Market Driver
Key Bio-Based Resins Market Challenge
This bio-based resins 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.
Our In-house experts produce extensive information on the value chain and parent market of the bio-based resins market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Get a glance at the market share of various regions by Requesting a PDF Sample now!
36% of the market’s growth will originate from APAC during the forecast period. China is the key market for bio-based resins in APAC. Market growth in this region will be faster than the market growth in other regions.
The strong demand for bio-based resins in APAC is from economies such as China and India, which are growing continuously, and the stable demand is from major consuming countries such as Japan and South Korea. China has emerged as the hub of the world for the production of low-value mass-produced goods, primarily because of low-cost manpower and generous government support. This will facilitate APAC's bio-based resins market growth 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 bio-based resins market in the region was adversely affected by the second wave of the COVID-19 pandemic in the first half of 2021. Various countries in the region, such as China, India, Pakistan, and Bangladesh, reported a large number of COVID-19 cases in the first half of 2021. However, countries in the region started their vaccination drives in the first half of 2021, and the number of daily COVID-19 cases in the region has been decreasing since then. Therefore, countries are expected to lift restrictions due to a decrease in the number of COVID-19 cases. This is expected to increase the output of the manufacturing, construction, and packaging sectors by the end of 2021, which will drive the growth of the regional bio-based resins market during the forecast period.
To gain insights on the market contribution of various segments Request a PDF Sample
The bio-based resins market share growth by the packaging segment will be significant during the forecast period. The global 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. Developing countries are leading the demand growth for CSDs because of the increase in population and per capita consumption of soft drinks. The robust demand for bio-based resins from the food processing and beverage industries is expected to drive their market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bio-based resins market size and actionable market insights on the post-COVID-19 impact on each segment.
Bio-Based Resins Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.82% |
Market growth 2021-2025 |
17.76 mn tons |
Market structure |
Fragmented |
YoY growth (%) |
11.21 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
APAC at 36% |
Key countries |
US, Germany, France, UK, and China |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Archer Daniels Midland Co., Arkema SA, Ashland Global Holdings Inc., BASF SE, Braskem SA, DuPont de Nemours Inc., Huntsman Corp., Koninklijke DSM NV, Novamont SpA, and Trinseo SA |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.