The Biopolymers Market is Predict to reach USD 33.8 Billion by 2030, at a CAGR of 10.1%

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Biopolymers Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Biopolymers Market size is expected to reach $33.8 billion by 2030, rising at a market growth of 10.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,410.9 Kilo Tonnes, experiencing a growth of 8.8% (2019-2022).

The Consumer Goods segment is experiencing a CAGR of 9.9% during (2023 - 2030). Biopolymers are used to manufacture biodegradable cutlery and tableware, offering a sustainable alternative to single-use plastic items. Consumers are seeking environmentally friendly options for disposable items, and biopolymers provide a solution that aligns with these preferences. Biopolymers are utilized in the production of sustainable toys and games. Manufacturers in the toy industry are increasingly incorporating biodegradable materials to create environmentally friendly products for children, responding to the demand for greener alternatives.

The Bottle segment is leading the Global Biopolymers Market by Application in 2022; thereby, achieving a market value of $8.9 billion by 2030. Biopolymer bottles are increasingly used for packaging alcoholic beverages, including beer, wine, and spirits. The eco-friendly nature of biopolymers aligns with the sustainability goals of many beverage producers, responding to consumer preferences for environmentally conscious packaging. The packaging of personal care items like shampoo, conditioner, lotion, and shower gel uses biopolymer bottles. Using biopolymers in personal care packaging addresses concerns related to plastic waste and supports sustainable packaging practices in the beauty and cosmetics industry.

The Bio-PE segment is registering a CAGR of 9.8% during (2023 - 2030). Bio-PE is well-suited to produce single-use items such as disposable cutlery, plates, cups, and straws. Bio-PE provides a renewable and biodegradable substitute for traditional single-use plastics, addressing the environmental issues related to disposable plastic products. Bio-PE produces various consumer goods, including toys, containers, and household items. The versatility of Bio-PE makes it suitable for molding into different shapes and forms, providing manufacturers with an eco-friendly alternative for a wide range of consumer products.

Full Report: https://www.kbvresearch.com/biopolymers-market/

The Asia Pacific region dominated the Global Biopolymers Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.0 billion by 2030. The North America region is anticipated to grow a CAGR of 9.4% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 9.8% during (2023 - 2030).

List of Key Companies Profiled

BASF SE
Archer Daniels Midland Company
DuPont de Nemours, Inc.
bio-tec Biologische Naturverpackungen GmbH & Co. KG
Novamont S.p.A. (Versalis S.p.A.)
BiologiQ, Inc.
Ecovia Renewables Inc.
BioPolymer GmbH & Co KG
Solanyl Biopolymers Inc.
Biopolymer Industries

Biopolymers Market Report Segmentation

By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Packaging
Consumer Goods
Automotive
Agriculture
Textiles & Others

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

By Product Volume, Kilo Tonnes, USD Billion, 2019-2030)

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA