As per a report by IndustryARC on the global polymers market, its size in 2018 was evaluated to be staggering $666.6 billion in the year 2018. This market is foreseen to experience a noticeable growth with a compound annual growth rate (CAGR) of 5.1%. The global polymers market is getting majorly disrupted by biopolymers- one of the world’s most organic compounds. The categorization of biopolymers is largely dependent on its end-user industry. This market enjoys a varied number of end-users including some promising ones such as pharmaceutical, healthcare, and food and beverage industry. In the medical industry, biodegradable polyesters are extremely useful in manufacturing surgical implants. And in the food and beverage industry, biopolymers are primarily used for manufacturing cellophane sheets that are massively utilized for food packaging.
In the year 2018, the global biopolymer market experienced noticeable growth, which is why its evaluated size was at $12 billion. During the forecast period of 2019-2025, the biopolymer market will undergo an outstanding growth with a CAGR of 19%.
Biopolymers, simply are polymers that are obtained from living organisms and are completely biodegradable. Some common examples of biopolymers include proteins, carbohydrates, DNA, RNA, lipids, nucleic acids, and peptides. Since these are composed out of living beings, they are completely neutral towards carbon and can be easily recycled or renewed. Biopolymers do not create any carbon dioxide pollution because crops absorb the CO2 emitted by them instead of getting released in the atmosphere. There are four different kinds of biopolymers- sugar based biopolymers, cellulose based biopolymers, synthetic based biopolymers, and natural polymers. The European Biomass Industry Association in its namesake continent has made several efforts to increase the usage of biopolymers in the market. Their efforts have paid off since it is reflected by Europe’s 2018 share in the global biopolymer market, which stood at 55%.
According to analysis done by Colin Campbell, co-founder of the Oil Depletion Analysis Centre in London, around 944 billion barrels of oil has been extracted in human history. And only 764 billion reserves are yet to be extracted from. These statistics are alarming as humans are not far away from a time when they will have to completely depend on a world without oil. Depletion of petroleum reserves is providing necessary impetus to the global biopolymers market as companies are under pressure to innovate, invest, and invent.
Biopolymers are now being credited with their extensive use in the pharmaceutical industry for healing of wounds of any shape, size, or depth. Some common biopolymers such as gelatin, chitosan, pectin, and alginate are used in the production of hydrogels and which help in creation of a moist environment for wounds which are dry. These biopolymers are also being used for wound dressings. These factors are acting as esteemed growth drivers for the global biopolymer market.
A significant issue for the biopolymer market is the amount of initial investment required in production of the product. Key market players are trying to combat this challenge by establishing joint ventures with agricultural companies in order to develop symbiotic relationships for growth of biopolymers market.
Several key market players are actively manufacturing in the biopolymers market including ASF SE, Danimer Scientific, Novamont SpA, Galatea Bio Tech, Total Corbion, Plantic Technologies Ltd., FMC BioPolymer A.S, NatureWorks LLC, Sigma-Aldrich, and Biome Technologies Ltd.
Sigma-Aldrich is a Missouri based company that specializes in biotechnology and production of polymers. They have developed a series of natural polymers and biopolymers which include adhesion proteins, carbohydrates and starches, cellulose, chitosan, dextrans, gelatin, collagen, lignins, and polyamino acids.
Since biopolymers market is a nascent one, it is experiencing immense innovation.
This is a type of biopolymer that is procured from carbohydrates including potatoes, maize, rice, tapioca, and others. This starch is mixed with polymers such as polyethylene and PLA to develop 100% biodegradable products. Key market players have termed this final product as ‘eco-alloy’ as this is an amalgamation of two products that benefit the environment and disrupt the global biopolymer market.
Polyhydroxyalkanoates or PHAs are naturally occurring polyesters produced by several organisms primarily by bacterial fermentation of lipids or sugar. PHA’s introduction in the biopolymer market has been highly effective as they are used in production of around 100 different products and have helped break barriers in the food packaging industry.
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Biopolymers Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Biopolymers Market, and their specific applications in different areas.
The biopolymers market can be segmented on the basis of type, application, and end-user. On the basis of type, the market can be divided into PLA, biodegradable polyester, biodegradable starch blends, and others. Based on application, the market can be fragmented into packaging bottles, fibers paper and cardboard coatings, agricultural seed coatings, automotive interiors and exteriors, medical implants, circuit boards, insulators, and laminators. Based on end user industry, the market can be bifurcated into food and beverage industry, packaging industry, bio-medical industry, agriculture and horticulture industry, electrical and electronics industry, automotive industry, textile industry, consumer goods, pharmaceutical industry, aerospace industry, and construction industry.
The Biopolymers Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia