Biopolymers Market was valued at USD 15.60 billion in 2022 and is poised to grow from USD 17.10 billion in 2023 to USD 35.60 billion by 2031, growing at a CAGR of 9.60% in the forecast period (2024-2031).
Biopolymers are synthetic materials derived from plant-based sources such as residual wood and lumber, and agricultural commodities such as sugarcane, maize, and others. Biopolymers, unlike standard polymers or plastics, are naturally biodegradable. The market is growing due to changing consumer tastes for environmentally friendly plastic products. This increased consumer awareness of sustainable plastic alternatives, combined with unstoppable activities to reduce the use of traditional plastics that are non-biodegradable, speeds up the commercial development of bioplastics. Standard plastics, primarily produced from oil, take some time before they break down and decompose, resulting in a lot of time spent in landfills.
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Top Player’s Company Profiles
- BASF SE
- NatureWorks LLC
- Braskem SA
- Total SE
- Arkema SA
- Corbion NV
- Novamont S.p.A.
- Mitsubishi Chemical Corporation
- DuPont de Nemours, Inc.
- Eastman Chemical Company
- Biome Bioplastics Limited
- Plantic Technologies Limited
- Danimer Scientific, Inc.
- Rodenburg Biopolymers BV
- KANEKA Corporation
- Bio-On S.p.A.
- BioBag International AS
- Innovia Films Ltd.
- Toray Industries, Inc.
- Solanyl Biopolymers Inc.
Cutting Plastic Pollution: The Role of New Biomaterials in Eco-Conscious Fast-Food Packaging
New non-polluting biomaterials are being developed to replace traditional fossil-based plastic coatings found in grease-resistant fast-food packaging. While the typical coating for grease-resistant paper contains plastic and other harmful substances, including polyfluoroalkyl substances, this new prototype coating manages to fulfill all functional requirements set by traditional grease-resistant packaging materials as an environmentally sustainable solution. Hence, the outcome of this will be major steps toward making a sustainable, green, and conscientious biopolymer for the future. Natural polymers generated from seaweed serve as feedstock for the new coating formulation. Depending on the application, these extracts are modified using a unique processing technology to produce functional biopolymer sheets that can be sliced or coated on a variety of surfaces.
Strategic Moves in Biopolymers: Mergers, Acquisitions, and Expansions by Industry Giants
The global biopolymers market is highly fragmented and competitive. To increase their market share, large multinational firms employ a variety of business tactics, including mergers and acquisitions, expansions, and investments. NatureWorks, Braskem, BASF, and Total Corbion are some of the world’s leading bioplastics and biopolymers manufacturers. Leading companies launch new products to increase their market position and customer base.
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Segments covered
Product
Bio-PE, Bio-PET, PLA, PHA, Biodegradable Plastics and Other
Application
Films, Bottle, Fibers, Seed Coating, Vehicle Components, Medical Implants and Other
End Users
Packaging, Consumer Goods, Automotive, Textiles, Agriculture and Others
Significant Recent Developments in Biopolymer Solutions
- July 2024: Neste and Mitsubishi Corporation announced a strategic partnership to develop a renewable chemicals and plastics supply chain for Japanese brand owners. With this agreement, the companies hope to target brand owners in industries such as food and beverage, clothing, and consumer electronics.
- June 2024: BASF Chemical Company announced the inclusion of a biomass balanced ecoflex polybutylene adipate terephthalate (PBAT) variant to their biopolymer portfolio. The new product is the ecoflex F Blend C1200 BMB, designed to substitute fossil raw materials with renewable feedstock in the process of their production.
- February 2024: Khalifa Economic Zones Abu Dhabi Group is now in a partnership with Gulf Biopolymers Industries and will be joining the industry ecosystem of KEZAD.The GBI intends to establish a factory in the Middle East to produce biodegradable and recyclable polylactic acid polymers.
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Sustainable Packaging and Medical Advances: The Dual Impact of Biopolymers Currently, all major F&B manufacturers use plastic, and they are all well-positioned to move to bioplastic packaging. As a result, once commercial bioplastics is developed, the bioplastics sector is predicted to grow. Governments across the globe are initiating biopolymer projects. Biopolymers find applications in the production of medical devices, which are used to either replace or restructure imperfect, injured, or dead tissue or parts of bones, such as joints, heart valves, arteries, teeth, and tendons and ligaments in connective tissue; and eye lenses. This growth has been swift due to aging populations and technical changes in medical devices.
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