Industry Background:
Bioproducts are produced from renewable matter, usually found in the form of living plants. Bioproducts are products made with some component of biological or renewable materials. According to Factsheet: Bioproducts published in 2018, As of 2012, global biomass-based chemical production was estimated to be 50 million tons and there were 252 USD billion of biomass-based chemical sales at 9% of the global chemical sales market. The global market share of biomass-based chemicals is projected to increase from 2% in 2008 to 22% in 2025. Projections indicate that by 2020, there would be 375USD to 441USD billion of biomass-based chemical sales in the global chemical sales market. This is approximately 11% of the global chemical market. Europe is placing weight on the development of innovative processes that harnesses biomass and waste to produce bio-products. There are various benefits of the bioproducts such as reduced greenhouse gas emissions in the manufacture of some bioproducts, compared to petroleum-based equivalents, increased safety for the environment, reduced toxicity and more biodegradability, sustainable production of renewable feedstocks, development of new industries and products, increased economic opportunities for rural communities, reduced dependence on non-renewable fossil fuels and many others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ADM (United States), Infinita Renovables (Spain), Cargill (United States), Ital Green Oil (Italy), Glencore (Switzerland), Louis Dreyfus (Netherlands), Renewable Energy Group (United States), RBF Port Neches (United States), Elevance (United States) and Marathon Petroleum Corporation (United States) |
This growth is primarily driven by The Growing Demand due to Increasing Environmental Problems, including Air and Water Pollution and Global Warming and Increasing Demand from Chemical Industries.
Globally, a noticeable market trend is evident Increasing Potential of Bio-based Products and Bio-energy
The Biotechnology sector in the North America 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 Players, such as ADM (United States), Infinita Renovables (Spain), Cargill (United States), Ital Green Oil (Italy), Glencore (Switzerland), Louis Dreyfus (Netherlands), Renewable Energy Group (United States), RBF Port Neches (United States), Elevance (United States) and Marathon Petroleum Corporation (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.
4th February 2019, ADM, Sustainable Bioproducts, a biotechnology company developing a new way to grow edible protein, has raised 33USD million in Series A financing from premier venture capital funds and two of the world’s largest food and agribusiness companies.
Influencing Trend:
Increasing Potential of Bio-based Products and Bio-energy, The Growing Interest in Distributed Production and Rapid Progress in Biotechnology
Market Growth Drivers:
The Growing Demand due to Increasing Environmental Problems, including Air and Water Pollution and Global Warming and Increasing Demand from Chemical Industries
Challenges:
A key Barrier to the Use of Plant-Derived Materials is the High Cost of Developing the and Market
Restraints:
The Concern Regarding Establishing Market Qualifications and Standards for Bio-Energy and Biobased Products and Identifying Customer Needs to Drive the Design of Bio-products
Opportunities:
Increasing Focus on Developing Feedstock and Advancing Research and Development into Synthesizing New Biomass Sources and Emerging Technologies for Bio-Refineries
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 mostly 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 Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Bioproducts Market
- Analysis about New Entrants in Bioproducts Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Bioproducts Study Sheds Light on
The Bioproducts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bioproducts industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bioproducts 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 Players 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.