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Bio-based resins are synthetic compounds made from renewable raw materials. These resins are different from conventional resins and are used for the manufacturing of various products such as packaging materials, furniture, carpets, films, bottles, cups, and automotive parts. Raw materials required for the production of bio-based resins are sugar cane, wood pulp, soybean, coffee, castor plant seeds, corn, and many other plant-, marine-, and forestry-based materials.
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. Europe accounted for the largest market share during 2016 and will retain its market dominance during the predicted period. The European market is witnessing a high rate of penetration of compostable bio-based waste bags and loose-fill packaging materials. The provision of subsidies from the governments to promote the use of bio-based or biodegradable resins will fuel the use of bio-based resins across various end users in this region.
Market Analysis and Insights: Global Bio-Based Resins Market
The global Bio-Based Resins market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX%% during 2021-2026.
Global Bio-Based Resins Scope and Market Size
Bio-Based Resins market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bio-Based Resins market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.
Segment by Type, the Bio-Based Resins market is segmented into
Non-Biodegradable Bio-Based Resins
Biodegradable Bio-Based Resins
Segment by Application, the Bio-Based Resins market is segmented into
Packaging
Automotive
Construction
Others
Regional and Country-level Analysis
The Bio-Based Resins market is analysed and market size information is provided by regions (countries).
The key regions covered in the Bio-Based Resins market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Bio-Based Resins market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Bio-Based Resins business, the date to enter into the Bio-Based Resins market, Bio-Based Resins product introduction, recent developments, etc.
The major vendors covered:
Arkema
Ashland
BASF
DuPont
Huntsman International
...
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. Europe accounted for the largest market share during 2016 and will retain its market dominance during the predicted period. The European market is witnessing a high rate of penetration of compostable bio-based waste bags and loose-fill packaging materials. The provision of subsidies from the governments to promote the use of bio-based or biodegradable resins will fuel the use of bio-based resins across various end users in this region.
Market Analysis and Insights: Global Bio-Based Resins Market
The global Bio-Based Resins market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX%% during 2021-2026.
Global Bio-Based Resins Scope and Market Size
Bio-Based Resins market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bio-Based Resins market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.
Segment by Type, the Bio-Based Resins market is segmented into
Non-Biodegradable Bio-Based Resins
Biodegradable Bio-Based Resins
Segment by Application, the Bio-Based Resins market is segmented into
Packaging
Automotive
Construction
Others
Regional and Country-level Analysis
The Bio-Based Resins market is analysed and market size information is provided by regions (countries).
The key regions covered in the Bio-Based Resins market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Bio-Based Resins Market Share AnalysisBio-Based Resins market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Bio-Based Resins business, the date to enter into the Bio-Based Resins market, Bio-Based Resins product introduction, recent developments, etc.
The major vendors covered:
Arkema
Ashland
BASF
DuPont
Huntsman International
...
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
