According to the latest market survey conducted by Future Market Insights, the global Biopolymers market is relishing a market valuation of US$ 12.09 Bn in 2022 and is all set to expand with a CAGR of 11.03% during the 2022 – 2032 period. The market is anticipated to top a valuation of US$ 34.42 Bn by the end of the forecast period.
| Market Size 2022 | US$ 12.09 Bn |
| Market Size 2032 | US$ 34.42 Bn |
| Value CAGR (2022-2032) | 11.03% |
| Collective Value Share: Top 3 Countries (2022E) | 45% – 55% |
Biopolymers are synthetic materials made from plant-based sources such as sugar cane, corn, and other agricultural products as well as residual wood and standing lumber. Unlike conventional polymers or plastics, which contribute to a number of environmental problems like pollution and global warming, biopolymers are naturally biodegradable, making them useful in a variety of applications, including, emulsions, edible films, packaging materials in the food industry, as well as drug transport materials, dressing materials, and medical implants in pharmaceutical industries.
The manufacturing of polymers from renewable resources is expected to be one of the fastest-growing material industries during the past several years. These polymers have the potential to displace polymers derived from fossil fuels, which is what is driving their research. The primary causes of this drive can be summed up as follows: insufficient fossil fuel resources; unstable fossil fuel prices; the role of fossil fuel as a feedstock in climate change; its sporadic use as a political weapon; and its connection to the waste disposal issue brought on by polymers made from fossil fuels.
Over the period of time covered by the study (2017-2021), biopolymers are witnessed great interest from researchers and professionals of various disciplines for various high-value applications. The market for biopolymers was recorded to grow at a phenomenal CAGR of 8.9% between 2017 and 2021, mostly due to the rising demand from the pharmaceutical and food industries for an array of applications.
Whereas, as per the latest survey conducted by FMI, the biopolymers market is expected to progress at a CAGR of 11.03% between 2022 and 2032. The increasing awareness about sustainable development and the shifting focus of researchers toward replacing synthetic polymers with natural and biodegradable polymers for various applications has led to high demand for biopolymers.
Fluctuations in crude oil prices, limited availability of petroleum resources, and awareness of ecological problems are key factors propelling the growth of the global biopolymers market during the forecast period. Changing political conditions and environmental regulations on carbon emissions and plastic usage are also forecasted to boost the global biopolymers market over the forecast period.
Biopolymers to Revolutionize the Synthesis of nanomaterial
The study of nanomaterials, which deals with their synthesis, characterization, and uses, is known as nanotechnology. Researchers are increasingly focusing on the development of eco-friendlier processes for nanoparticle synthesis. The primary focus of the researchers for the synthesis protocol has shifted from physical and chemical processes towards bioprocesses and “green” chemistry.
Metal nanoparticles have a variety of novel properties due to their quantum size effects. However, the majority of their synthesis protocol poses a significant environmental risk. The reducing agents used in common synthetic methods, which include toxic-reducing agents and organic solvents such as N-dimethylformamide, hydrazine, and sodium borohydride, are highly toxic to the environment. All of these chemicals are highly reactive and may pose environmental and biological hazards.
It is desirable to create green chemistry methods given the rising interest in waste minimization and elimination, as well as the expanding use of sustainable processes. Biopolymers have been widely employed as capping and reducing agents in the manufacture of many nanoparticles. Biopolymers like heparin, chitosan, cellulose, soluble starch, PVA, PVP, gelatin, and so on can be used to replace various toxic regents in synthesizing different nanoparticles.
Biopolymers Shown to be Beneficial in the Biomedical and Food Industry
The biomedical applications of biopolymer materials, such as those in tissue engineering, pharmaceutical transporters, and medical devices, have generated a lot of interest recently. Gelatin, a typical biopolymer, has many uses in medicine, including as an adhesive and for treating wounds. With the use of solvents or gases as a simple porogen, porous gelatin scaffolds and films were created, allowing the scaffolds to contain medications or nutrients that are delivered to the site for healing. Biomedical engineering uses electrospun PLGA-based scaffolds extensively for tissue engineering and medication delivery systems. Electrospun nanofibers containing MWCNT that have a high surface area to volume ratio and are porous have also demonstrated potential in a variety of tissue engineering applications.
Further, biopolymers are used in food coatings, encapsulation matrices, and packaging materials of functional foods. They offer unique solutions to increase the product shelf life while lowering the overall carbon footprint associated with food packaging. Further, due to their more sustainable and environmentally friendly image, replacing oil-based packaging materials with bio-based films and containers would not only give a competitive advantage but also some better technical features. Thus, the rising need for environment-friendly alternatives and the growing focus on sustainable development is expected to create an opportunity for biopolymers in the biomedical and food industries in the coming years.
The packaging segment is expected to dominate the global biopolymers market in 2022 and is expected to continue this dominance during the forecast period. The growing government and non-government initiatives toward sustainable packaging in North America and Europe are projected to create a growth opportunity for the biopolymers market during the forecast period. Further, the rapidly growing trend for sustainable packaging and the shifted preference of brand owners towards eco-friendly packaging to meet consumer demand to attain sustainability goals are expected to boost the sales of biopolymers in packaging applications.
In 2022, the food & beverage industry dominated the market and generated the majority of global revenue. Automotive, bio-medical, agriculture, electrical & electronics, and aerospace, among others, are additional end-uses. A significant portion of the growth of biopolymers is anticipated to come from the end users in the bio-medical, automotive, and aerospace industries over the course of the forecast period as a result of these industries' active adoption of environmentally friendly technology.
From 2022 to 2032, the demand for biopolymers in the food & beverage industry is estimated to witness a significant growth rate, owing to the increasing consumption of packed and frozen food across the globe. Within food-related applications, these biopolymers are particularly useful in three main areas: food coating, food packaging, and edible films for food and encapsulation.
Europe leads the biopolymers market holding the majority of shares in global revenue in 2022, as a result of the region's stringent laws and regulations. The region is estimated to dominate throughout the forecast period. The ban on single-use plastic products in Germany lead the end-use industries towards the sustainable and eco-friendly packaging solution which drives the demand for biodegradable packaging.
In July 2021, Various governments across European countries such as Spain, Germany, the U.K., and others came up with legislation regarding the ban of single-use plastic products to reduce the excessive use of plastic products, this creates a growth opportunity for biopolymers.
The market is expected to expand at the fastest rate in the North American region. Rising consumer inclination towards eco-friendly and sustainable products, significant growth of various end-use industries, such as food & beverage, automotive, and among others, and the increasing presence of biopolymer manufacturing companies along with various government stringent regulations are some of the prominent factors driving the demand for biopolymers in the region.
The key players operating in the biopolymer market are focusing on expanding their capacities and resources to meet the growing demand for sustainable packaging including biodegradable packaging by establishing the new plant. Also, the key players are adopting collaboration & joint venture strategies to increase their presence and resources. Various key players are also introducing new products to cater to the growing demand for innovative products from various end-use industries. Some of the key developments are as follows -
For Instance,
Similar developments have been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
| Growth Rate | CAGR of 11.03% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Tons, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Covered |
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| Key Companies Profiled |
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| Customization & Pricing | Available upon Request |
In 2022, the value of the global Biopolymers market reached over US$ 12.09 Bn
During the forecast period, the global Biopolymers market is estimated to expand at a CAGR of 11.03% during 2022-2032.
The global Biopolymers market is projected to reach US$ 34.42 Bn by the end of 2032.
The key players operating in the Biopolymers market are BASF SE, Braskem S.A., Meredian Holdings Group Inc., NatureWorks LLC, Corbion NV, Arkema, Plantic Technologies Ltd., Du Pont, Biopolymer International, Danimer Scientific, HARBEC, Inc., and among others.
Biopolymers Market
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