Industry Background:
Biopolymers industry witnessed huge growth across various industry verticals such as Food tech, nanotech, chemistry, medical, and many others. Biopolymers are basic polymers that are obtained from living organisms and completely biodegradable. There are four different kinds of biopolymers present in the market including sugar based biopolymer, cellulose based biopolymer, synthetic based biopolymer, and natural biopolymer. Some of the major driving factors in thsi industry are increase in depletion of Petroleum reserves, high adoption from pharmaceutical industry, and others.This growth is primarily driven by Growing Demand of Biopolymers for Automotive Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Amyris, Inc. (United States), Arkema (France), Kraton (United States), BASF (Germany), Biome Bioplastics (United Kingdom), Biotec (Germany), Bayer (Germany), Cargill Inc. (United States), Mitsubishi Chemical Holding Corporation (Japan) and DuPont (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2022, Braskem, a leading biopolymer producer announced the expansion of its production of I'm green biopolymers made from sugarcane. The company currently produces 200,000 tons of biopolymers every year in Brazil and it will be expanded to 260,000 tons, which is expected to increase up to one million tons in the year 2030.
In November 2022, TotalEnergies Corbion and BGF entered into a long-term collaboration for the application development and supply of Luminy PLA, a biodegradable polymer. It is completely made from renewable resources and can be used in the manufacturing of packaging products, consumer goods, fibers, and automotive. BGF recently launched a single-use noodle cup in the Korean market, which has been produced using high-heat Luminy PLA as a base resin., and In Sep 2021, BASF announced its cooperation with WPO Polymers to enhance the fast-developing Spanish and Portuguese markets. The company aims to product range for various application areas.The global biopolymers market is a highly competitive market. In terms of market share, some of the market players presently heavily dominate the global market. These market players are heavily focusing on strategic initiatives and majorly investing in research and development activities to enhance their market share and escalation their profitability.
Influencing Trend:
Europe Holds Major Share in this Market and Increase in Plastic Recyclings
Market Growth Drivers:
Growing Demand of Biopolymers for Automotive Industry and High Availability of Different Types of Biopolymers
Challenges:
This Required Huge Amount of Initial Investment
Restraints:
Increasing Risk of Environmental Contamination for Various Manufacturing Facilities and Continuous Changes in Technologies
Opportunities:
Rapid Adoption of Biopolymers in Industrial Engineering. As per Industry Stats, the Global Biopolymer Market for Industrial Applications Expected to Grow 5 percent Every Year.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Biopolymers Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Biopolymers Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Biopolymers players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Biopolymers Study Sheds Light on
The Biopolymers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Biopolymers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Biopolymers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.