Biopolymers Market Report 2024

This Biopolymers market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The biopolymer market size has grown rapidly in recent years. It will grow from $15.47 billion in 2023 to $17.57 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth observed during the historical period can be linked to heightened environmental awareness, advancements in biopolymer technology, a rising demand for sustainable packaging, increased recognition of biodegradable options, and a growing consumer preference for eco-friendly products.

The biopolymer market size is expected to see rapid growth in the next few years. It will grow to $29.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. In the forecast period, growth is expected to stem from innovations in bio-based raw materials, greater investments in biopolymer research and development, broader applications in the automotive and construction sectors, an increased adoption of circular economy practices, heightened demand for biocompatible medical materials, and ongoing advancements in 3D printing using biopolymers. Key trends anticipated during this period include a rising demand for high-performance bioplastics, growth in the use of biopolymers in 3D printing, an emphasis on organic and eco-friendly products, the development of hybrid biopolymers with improved characteristics, expanded use of biopolymers in automotive parts, and progress in recycling technologies for biopolymers.

The increasing awareness of plastic pollution is expected to drive growth in the biopolymer market. Plastic pollution refers to the buildup of plastic waste in the environment, which poses risks to ecosystems, wildlife, and human health. This heightened awareness is fueled by factors such as environmental campaigns, media coverage, scientific research on the long-term effects of plastic, and government regulations. Biopolymers contribute to addressing plastic pollution by providing eco-friendly alternatives and underscoring the need for sustainable solutions to minimize plastic waste. For example, in June 2024, the European Parliament reported that the EU adopted new measures to combat plastic marine litter, including a target of 25% recycled content in plastic bottles by 2025 and 30% by 2030. Thus, the growing awareness of plastic pollution is propelling the biopolymer market forward.

Leading companies in the biopolymer market are developing semi-crystalline polyhydroxyalkanoate (PHA) biopolymers to enhance performance and biodegradability for sustainable applications. Semi-crystalline PHA is a biodegradable plastic derived from natural resources, offering greater heat stability and rigidity compared to amorphous variants. It is suitable for applications requiring higher thermal resistance and structural strength, such as packaging, agricultural films, and durable goods. For instance, in May 2024, CJ Biomaterials, a U.S.-based biotechnology firm, introduced the PHACT S1000P (scPHA), a semi-crystalline PHA biopolymer designed for high-heat stability. This product provides a more rigid alternative to the company’s earlier amorphous PHA (aPHA) offerings. It combines eco-friendliness with high performance, being a bio-based material certified by TÜV OK for home and industrial composting, as well as marine and soil biodegradability. This innovation represents a significant advancement in providing versatile, sustainable solutions for packaging, including food-contact materials.

In October 2023, Versalis SpA, an Italy-based chemical company, acquired Novamont for an undisclosed amount. This acquisition is part of Versalis' strategy to integrate a unique and complementary technological platform, aiming to decarbonize its product portfolio and support the development of high-value, multi-product supply chains. Novamont specializes in the production of biopolymers and bioplastics.

Major companies operating in the biopolymers market are BASF SE, Mitsubishi Chemical Corporation, Braskem S.A, Arkema S.A., Solvay S.A., Avient Corporation, Danimer Scientific Inc., NatureWorks LLC, Avantium N.V., AMSilk GmbH, SECOS Group Limited, BioLogiQ Inc., Total Corbion PLA, CuanTec Ltd., FKuR Kunststoff GmbH, Futerro SA, Mango Materials Inc., Greendot Biopak Pvt. Ltd., Rodenburg Biopolymers BV, CO2BioClean GmbH.

Asia-Pacific was the largest region in the biopolymer market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the biopolymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the biopolymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A biopolymer refers to a natural polymer that is synthesized by living organisms, including proteins, nucleic acids, and polysaccharides. These materials are biodegradable and eco-friendly, commonly utilized in fields such as packaging, agriculture, and medicine. Biopolymers provide a sustainable alternative to synthetic polymers, helping to minimize plastic waste and decrease dependence on fossil fuels.

Key products derived from biopolymers include biopolyethylene terephthalate, biopolyethylene, biodegradable polyesters, biodegradable starch blends, polylactic acid, polytrimethylene terephthalate, and polyhydroxyalkanoates, among others. Bio-polyethylene terephthalate (Bio-PET) is a biopolymer obtained from renewable resources such as sugarcane. Its diverse applications encompass films, bottles, fibers, seed coatings, vehicle parts, medical implants, and more, serving various end-uses in packaging, consumer goods, automotive, textiles, and agriculture.

The biopolymers market research report is one of a series of new reports that provides biopolymers market statistics, including biopolymers industry global market size, regional shares, competitors with a biopolymers market share, detailed biopolymers market segments, market trends and opportunities, and any further data you may need to thrive in the biopolymers industry. This biopolymers market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The biopolymer market consists of sales of chitosan, cellulose-biopolymers, and polycaprolactone (PCL). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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