Bio-based Polymer Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Biodegradable Starch Blends, Polylactic Acid (PLA), Bio-Polyethylene Terephthalate (Bio-PET), Polyhydroxyalkanoate (PHA), Bio-Polyethylene (Bio-PE), Biodegradable Polyesters, and Other Types), by Application (Rigid Packaging, Flexible Packaging, Textiles, Consumer Goods, Automotive and Transportation, Agriculture and Horticulture, Building and Construction, Electrical and Electronics, and Other Applications), and Geography

Market Snapshot

Market Summary - Bio-Based Polymer Market
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:


Key Players:

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Market Overview

The market for bio-based polymer is expected to register a CAGR of 5.33% during the forecast period of 2019 – 2024. One of the major factors driving the market is the increasing demand for sustainable plastics. Higher price compared to petroleum-based polymers is expected to hinder the growth of the market studied.

  • The packaging industry dominated the market in 2018, and is expected to grow during the forecast period.
  • The increasing applications of biodegradable plastics are likely to act as an opportunity in the future.
  • Europe dominated the market across the world, with the largest consumption from countries, such as France and the United Kingdom.

Scope of the Report

The bio-based polymer market report includes:

Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Other Types
Rigid Packaging
Flexible Packaging
Consumer Goods
Automotive and Transportation
Agriculture and Horticulture
Building and Construction
Electrical and Electronics
Other (Medical) Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Packaging Industry

  • Packaging is one of the largest markets for bio-based polymers. These polymers exhibit excellent clarity and gloss, resistance to food fats/oils, and aroma barrier. Additionally, they also provide stiffness, twist retention, and printability to the packaging.
  • Bio-based polymers are majorly used in fruit and vegetable packaging in the supermarkets, for bread bags and bakery boxes, bottles, envelopes and display carton windows, and shopping or carrier bags, among others.
  • The bio-based polymer market for packaging is growing rapidly in the European and North American regions. The increasing intervention of FDA and related organizations, in terms of food safety, is largely promoting the usage of biodegradable and food grade plastics for beverage and snack consumption.
  • The restaurant chains and food processing industries are increasingly adapting the biodegradable materials for food packaging. Consumer awareness is also rising rapidly, especially in the emerging economies, in terms of food safety, as some plastics are proven carcinogenic.
  • The growth in developing regions, like Asia-Pacific, South America, and the Middle East, is expected to increase in the near future due to the improving food packaging standards of various food and safety organizations.
  • Moreover, the higher ease of disposing of biodegradable polymers has further added to its growing demand from the packaging industry.
Segmentation- Bio-based Polymer Market

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Europe Region to Dominate the Market

Europe dominated the global market share in 2018. Public awareness and government initiatives in the region have supported the use of biodegradable polymers in carrier bags, food packaging, food services (cutlery, etc.), and organic waste caddy liners, among others. Various countries in the region have been focusing on offering more eco-friendly packaging. This has increased the demand for polylactic acid from the packaging sector. Currently, the packaging sector in the United Kingdom has annual sales of GBP 11 billion, and it employs more than 85,000 people. It represents about 3% of the United Kingdom’s manufacturing, and is a major contributor to the country’s GDP. Non-United Kingdom-based companies own much of the country’s packaging industry. The growing need for small size packaging and the growing consumption habits with the change in lifestyles are anticipated to propel the demand for bio-based polymers over the forecast period.

Regional - Bio-based Polymer market

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Competitive Landscape

The bio-based polymer market is consolidated, and is dominated by very few players. Some of these major players include BASF SE, Covestro AG, BIOTEC, CNano Technology Ltd, and NatureWorks LLC.

Major Players

  1. Covestro AG
  2. BASF SE
  4. Thyssenkrupp
  5. NatureWorks LLC

* Complete list of players covered available in the table of contents below

Market Concentration - Bio-based Polymer

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Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Environmental Factors Encouraging a Paradigm Shift

      2. 4.1.2 Growing Demand for Biopolymers in Flexible Packaging

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheaper Alternatives

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Sugarcane-based Bio-Polymers


    1. 5.1 Type

      1. 5.1.1 Biodegradable Starch Blends

      2. 5.1.2 Polylactic Acid (PLA)

      3. 5.1.3 Bio-polyethylene Terephthalate (Bio-PET)

      4. 5.1.4 Polyhydroxyalkanoate (PHA)

      5. 5.1.5 Bio-polyethylene (Bio-PE)

      6. 5.1.6 Biodegradable Polyesters

      7. 5.1.7 Other Types

    2. 5.2 Application

      1. 5.2.1 Rigid Packaging

      2. 5.2.2 Flexible Packaging

      3. 5.2.3 Textiles

      4. 5.2.4 Consumer Goods

      5. 5.2.5 Automotive and Transportation

      6. 5.2.6 Agriculture and Horticulture

      7. 5.2.7 Building and Construction

      8. 5.2.8 Electrical and Electronics

      9. 5.2.9 Other (Medical) Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema Group

      2. 6.4.2 BASF SE

      3. 6.4.3 BIO-ON (Minerv)

      4. 6.4.4 Braskem

      5. 6.4.5 M&G Chemicals

      6. 6.4.6 Maynard & Harris Plastics (RPC M&H Plastics)

      7. 6.4.7 MCPP

      8. 6.4.8 Meron

      9. 6.4.9 NatureWorks LLC

      10. 6.4.10 Novamont SpA

      11. 6.4.11 Polyone

      12. 6.4.12 Rodenburg Biopolymers

      13. 6.4.13 Teijin Frontier Co. Ltd

      14. 6.4.14 Indorama Ventures Public Company Limited

    5. *List Not Exhaustive

    1. 7.1 Growing Awareness of Sugar Cane Polythene Benefits in Comparison to Oil-based Polythene

**Subject to Availability

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