Biopolymers Market Size To Reach $38.69 Billion By 2030

Biopolymers Market Growth & Trends

The global biopolymers market size is estimated to reach USD 38.69 billion by 2030, registering a CAGR of 10.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for these Biopolymers is expected to increase exponentially on the account of increasing demand for bio-based or eco-friendly and sustainable solutions in the packaging industry.

Biopolymers find vast applications in numerous fields where biodegradable and sustainable products are needed. For instance, the utilization of the drug delivery process, to increase the performance of various bioactive molecules is still a crucial method for achieving illness therapy. A variety of synthetic, semi-synthetic, and natural polymers, especially Biopolymers are increasingly used in these application areas.

The mounting perception about the ill effects of traditionally used plastics on the environment has led to a shift towards the utilization of Biopolymers. Traditional petrochemical-based plastics contain dangerous chemicals that can leach into drinks and food products, which can result in numerous health issues. On the other hand, bio-based products reduce the risk of deadly exposure. To sum up, the demand for healthier products is steering the growth of the Biopolymers market on a global scale.

The cost of production of Biopolymers acts as a major barrier to the growth of the overall market. Upon comparison, the manufacturing cost of Biopolymers is typically 20% to 100% more than that of the traditionally used petro-based polymers, as the polymerization cost of such polymers is relatively higher. To sum up, the production and utilization of bio-based polymers is still in the development stage, and as a result, numerous research & development activities are being undertaken to overcome such types of restraining factors.

 Request a free sample copy or view report summary: Biopolymers Market Report

Biopolymers Market Report Highlights

• Based on product, polylactic acid (PLA) emerged as the fastest-growing segment with a CAGR of 8.8% from 2024 to 2030 due to the rocketing utilization of polylactic acid in numerous end-use industries such as packaging, automotive & transport, agriculture, electronics, and other applications

• Based on application, seed coating emerged as the fastest growing segment with the highest CAGR of 9.1% from 2024 to 2030, on the account of rising investments in agricultural practices and increasing demand for genetically modified seeds, which in turn, is responsible for the increased utilization of the product in this field of application

• Based on end-use, the consumer goods emerged as the fastest growing segment with a CAGR of 10.0% over the forecast period, due to the rapid shift in the focus of numerous consumer goods manufacturers towards the use of bio-based products from the traditionally used products

• North America emerged as the fastest-growing region with a significant CAGR over the forecasted period. This is attributable to the increasing consumption of bio-based products such as bioplastics, and biopolymers in vast areas of application industries

Biopolymers Market Segmentation

Grand View Research has segmented the global biopolymers market based on product, application, end-use, and region:

Biopolymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polysaccharides

  • Cellulose Acetate

  • Others

• Polyhydroxyalkanoates (PHA)

• Polylactic Acid (PLA)

• Polybutylene Succinate (PBS)

• Bio-based Polyethylene (Bio-PE)

• Bio-based Polyethylene Terephthalate (Bio-PET)

• Others

Biopolymers Applications Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Films

• Bottle

• Fibers

• Seed Coating

• Vehicle Components

• Medical Implants

• Other Applications

Biopolymers End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Consumer Goods

• Automotive

• Textiles

• Agriculture

• Other End-Uses

Biopolymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Biopolymers Market

• Biopolymers Industries

• BASF SE

• Solanyl Biopolymerss

• Biopolymers GmbH & Co. KG

• Ecovia Renewables Inc.

• BiologiQ, Inc.

• ADM

• DuPont

• Novamont

• BIOTEC