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The research report on Biopolymers Market is segmented by Product Type, by Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Biopolymers Market - Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Biopolymers, also known as polymeric biomolecules, are manufactured by
processing the living organisms. Biopolymers are biodegradable chemical
compounds and are considered as the most organic compound in the ecosphere.
Biopolymers are produced either from living organisms such as proteins and
carbohydrates, or renewable resources but require polymerization. It is used for
various purposes such as cellulose-based biopolymers- cellophane are used as
packaging material.
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Market Dynamics:
Growing packaging industry is one of the major factors for growth of the global
biopolymer market. Biopolymer based packaging material, which is originated from
naturally renewable resources such as polysaccharides, proteins and lipids, have
potential to replace synthetic plastics. Growing food-packaging industry is expected
to boost demand for the global biopolymer market. According to a study of University
of Sibiu, Romania in 2016, bio-plastic covers about 5-10% of the current plastic
market. For instance, according to the report published by World Packaging
Organization in 2017, the global packaging market was valued at US$ 820 billion in
2016, out of which food and beverage segments contributed 51% and 18%,
respectively.
Bio-polymer has wide range application in the construction industry, such as humic
acid, lignite are applied for the water retention or dispersant and waxes, Bitumen,
asphalt are used for coating or act as lubricant. For instance, according to report
published by global construction perspectives and oxford economics in 2015, the
global construction market is set to grow by US$ 8 trillion by 2030, and growing by
an average annual rate of 3.9% by 2030
High prices of bio-plastic may be restrain for the growth of biopolymer market in the
upcoming years.
Market Outlook:
Asia Pacific is expected to gain major traction in the biopolymer market during the
forecast period, owning to rising demand for biopolymers in the packaging for food &
beverages, drug industries. The biopolymer packaging is predominantly used in the
food & beverage packaging. For instance, Ministry of Food Processing Industries
and Government of India, the total consumption of the food and beverage segment
was valued at US$ 369 billion and it is expected to reach to US$ 1.142 trillion by
2025.
Key Players:
Key players operating in the global biopolymers market include, BASF SE,
NatureWorks LLC, Danimer Scientific, Novamont SpA, Galatea Bio Tech, Total
Corbion, and Plantic Technologies Ltd and others.
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Biopolymers Market Outlook
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