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Global Bio-Based Resins Market - Segmented by Product Type, End-User Industry and Region - Growth, Trends and Forecasts (2018 - 2023)

Global Bio-Based Resins Market - Segmented by Product Type, End-User Industry and Region - Growth, Trends and Forecasts (2018 - 2023)

The bio-based resins market is expected to witness a strong CAGR of approximately 16.23% during the forecast period, 2018-2023. One of the major factors driving the market is increasing demand from the packaging sector. In addition, growing environmental regulations on synthetic resins is also expected to drive the market.
Increasing Demand from Packaging Industry Driving the Market

Growing consumer interest toward eco-friendly packaging materials is expected to drive the market during the forecast period. Factors, such as rising sales of green products (as they offer functional benefits), and need for sustainable manufacturing process, are expected to stimulate the demand for bio packaging materials made by bio resins. Also, these growing consumer preference for eco-friendly packaging is resulting in shifting interest among plastic manufacturers toward bio resin-based products, thereby driving the market.

“Non-Biodegradable” & “Packaging” - The Dominant Segments

The global bio-based resins market is segmented based on product type and end-user industry. Based on product type, non-biodegradable type accounts for the largest share and is expected to grow at a good rate in response to growing importance of sustainable packaging in countries, such as China and India. The various types of non-biodegradable bio-based resins include bio-polyethylene terephthalate, bio-polyol and polyurethane, bio-polyamides, bio-polytrimethylene terephthalate. Bio-based polyethylene terephthalate (PET) is increasingly used in the manufacture of bottles, thereby fuelling the market’s growth. Also, growing research activities by companies, like Arkema Covestro, on usage of non-biodegradable in construction is also expected to drive the market. Based on end-user industry, food & beverage has the largest market share, as bio-based resins are used in the production of bottle caps, mineral water bottles, carbonated soft drink (CSD) bottles, and dairy packaging. Demand for extended life of fresh food items is expected to boost the demand for bio-based resins in the packaging segment.

Growing Research Driving the European Market

Europe accounts for the largest market share and is expected to retain the largest share during the forecast period as well. This is because of increasing penetration of compostable bio-based waste bags and loose filled packaging materials. Government subsidies in promoting biodegradable resins is expected to fuel the market growth. In addition, growing research in this field, like the ECOXY, which aims at developing bio-based resins and fiber reinforcements to produce new sustainable thermoset composites for the demanding construction and automotive sectors, is also expected to augment the demand

Major Players: Archer Daniels Midland, Ashland Performance Materials, BASF, Braskem, Cargill Nature Works, DowDuPont, Tate and Lyle, and Metabolix. amongst others.

Reason to Purchase the Report

To understand the impact of various product types on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type and end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Packaging Sector from Eco-friendly Products
4.1.2 Government Regulations on Synthetic Resins
4.2 Restraints
4.2.1 Need for Change in Cost Structure
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Penetration into Various Other Industries
4.3.2 Other Opportunities
5. Market Segmentation and Analysis - (Market Size, Growth and Forecast)
5.1 By Product Type
5.1.1 Biodegradables
5.1.1.1 Starch-based
5.1.1.2 Cellulose Derivatives
5.1.1.3 Polyvinyl Alcohol
5.1.1.4 Bio Epoxy Resins
5.1.1.5 Polylactic acid (PLA)
5.1.1.6 Polyglycolic acid (PGA)
5.1.1.7 Polycaprolactone (PCL)
5.1.1.8 Polyhydroxybutyrate (PHB)
5.1.1.9 Polybutylene Succinate (PBS)
5.1.1.10 Polyhydroxyalkanoates (PHA)
5.1.1.11 Polyanhydrides
5.1.1.12 Others
5.1.2 Non-biodegradables
5.1.2.1 Biopolyethylene Terephthalate (PET).
5.1.2.2 Biopolyethylene
5.1.2.3 Biopolyamides
5.1.2.4 Biopolyols and Polyurethane.
5.1.2.5 Biopolytrimethylene Terephthalate (PTT).
5.1.2.6 Bio-Polypropylene (PP)
5.1.2.7 Others
5.2 By End User
5.2.1 Packaging
5.2.2 Construction
5.2.3 Automotive
5.2.4 Food & Beverage
5.2.5 Agriculture
5.2.6 Healthcare
5.2.7 Household and Consumerable Goods
5.2.8 Others
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa (MEA)
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, and Recent Developments)
9.1 DowDuPont
9.2 Wageningen UR
9.3 Archer Daniels Midland
9.4 John Deere
9.5 Braskem
9.6 Metabolix
9.7 Cereplast
9.8 BASF
9.9 Cargill Nature Works
9.10 Ashland Performance Materials
9.11 Kemwerke
9.12 Nature Composites
9.13 Agri- Fibers Inc.
9.14 Absecon Mills
9.15 Etech Surf
...List not exhaustive
10. Disclaimer
**Subject to availability on public domain

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