Biopolymers Market Size, Share, Growth Analysis, By Type(Biodegradable and Non-Biodegradable/Biobased), By Molding Process(Extrusion, Injection), By Application(Films, Bottles), By End Users(Packaging, Consumer Goods) - Industry Forecast 2024-2031

Biopolymers Market size was valued at USD 9.93 billion in 2019 and is poised to grow from USD 11.5 billion in 2023 to USD 37.15 billion by 2031, growing at a CAGR of 15.79% in the forecast period (2024-2031).

Synthetic materials known as biopolymers are created using plant-based materials such leftover wood and lumber as well as agricultural products like sugar cane, maize, and other agricultural products. Biopolymers are naturally biodegradable, in contrast to conventional polymers or plastics, which contribute to a multitude of environmental issues like pollution and global warming. Common rubbers, melanin, cutin and cutan, suberin and lignin, and suberin and lignin are examples of biopolymers. Bio-plastics are produced using cutting-edge technology from waste products like animal and human waste, plant materials, and agricultural waste. Lawmakers are authorising the use of biodegradable polymers in place of conventional polymers to reduce carbon footprint. Currently, only a few major automakers use biopolymers in their vehicles. Ford Motor Company is one of these manufacturers and uses biopolymers internally. Bioplastics are thermoplastics created using bio-based materials like sugar, kelp, and starch. Bioplastics and ordinary polymers like silk, chitosan, and fleece are all included in the large category of materials known as biopolymers.

Starch, alginate, and cellulose are a few examples of polysaccharides, which are straight or stretched polymeric sugars. Some of the main market drivers for this industry are the availability of renewable raw material sources for the manufacture of bioplastics, as well as the advantages of bioplastics for the environment and the high customer acceptance of bio-based products. Bioplastic manufacture is an energy-efficient process since it needs 65% less energy than conventional plastic production. Since synthetic plastic packaging may break down when exposed to food, consumers prefer adopting bioplastic packaging. The sustainability and biodegradability of bioplastics are supported by enabling laws and regulations that have been adopted by a number of nations worldwide. These factors are expected to lead to revenue growth for the bioplastics market.

US Biopolymers Market is poised to grow at a sustainable CAGR for the next forecast year.