Overview

Bio-Based Polymer Market Overview

Global bio based polymer market is forecasted to value over USD 9 billion by 2027 end and register CAGR of over 5% during the forecast period 2020 to 2027.

Bio-based polymers are also known as cutting edge polymers. They are utilized to reduce the usage of non-renewable energy resources. The polymers have superior chemical resistance and because of this more and more end-user industries prefer it.

The increasing intervention of FDA in food safety has fueled the growth of the market. The European Union’s decision to abandon the use of synthetic polymer and use biodegradable polymer has also led to more growth of the market. Expanding interest in R&D for improvement of items in speciality applications is also driving the growth of the market The gradual increase in demand for green chemicals is also driving the growth of the market. The rising demand for engineered polymers has led to further growth of the market. These are widely used in packaging of fruits, bakery products and vegetables.
However high creation cost and high cost of polymers have hindered the growth of the market.

North America currently holds a vast market share. Asia and the Pacific are expected to drive the market in the coming time.

Some of the big players of the market are Dow Chemicals, Trellis Earth, Braskem, Covestro AG and NatureWorks LLC.

Bio-Based Polymer Market Segmentation
By Type:
• Polyethylene
• Polyamide
• Polylactic acid
• Polyethylene terephthalate (PET)
• Others

By Application:
• Textile
• Automotive,
• Industrial
• Agriculture
• Packaging
• Others

By Region:
• Europe
• North America
• Asia-Pacific
• Latin America
• Rest of World

Competitive Landscape:
• Tier 1 players- established companies in the market with major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth

Objectives of the Study:
• To provide an exhaustive analysis on bio based polymer market on the basis of type, application and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and overall market
• To predict market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies