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Bio-Based Resins-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Bio-Based Resins market size is expected to reach US$ 64 million by 2029, growing at a CAGR of 10.3% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-Based Resins in various end use industries. The expanding demands from the Packaging, Automotive, Construction and Others, are propelling Bio-Based Resins market. Non-Biodegradable Bio-Based Resins, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Biodegradable Bio-Based Resins segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-Based Resins, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-Based Resins market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-Based Resins market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-Based Resins sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-Based Resins covered in this report include Arkema, Ashland, BASF, DuPont and Huntsman International, etc.
The global Bio-Based Resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arkema
Ashland
BASF
DuPont
Huntsman International
Global Bio-Based Resins market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-Based Resins market, Segment by Type:
Non-Biodegradable Bio-Based Resins
Biodegradable Bio-Based Resins
Global Bio-Based Resins market, by Application
Packaging
Automotive
Construction
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-Based Resins manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-Based Resins in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Bio-Based Resins market size is expected to reach US$ 64 million by 2029, growing at a CAGR of 10.3% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-Based Resins in various end use industries. The expanding demands from the Packaging, Automotive, Construction and Others, are propelling Bio-Based Resins market. Non-Biodegradable Bio-Based Resins, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Biodegradable Bio-Based Resins segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-Based Resins, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-Based Resins market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-Based Resins market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-Based Resins sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-Based Resins covered in this report include Arkema, Ashland, BASF, DuPont and Huntsman International, etc.
The global Bio-Based Resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arkema
Ashland
BASF
DuPont
Huntsman International
Global Bio-Based Resins market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-Based Resins market, Segment by Type:
Non-Biodegradable Bio-Based Resins
Biodegradable Bio-Based Resins
Global Bio-Based Resins market, by Application
Packaging
Automotive
Construction
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-Based Resins manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-Based Resins in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bio-Based Resins Market Overview
1.1 Bio-Based Resins Product Overview
1.2 Bio-Based Resins Market Segment by Type
1.2.1 Non-Biodegradable Bio-Based Resins
1.2.2 Biodegradable Bio-Based Resins
1.3 Global Bio-Based Resins Market Size by Type
1.3.1 Global Bio-Based Resins Market Size Overview by Type (2018-2029)
1.3.2 Global Bio-Based Resins Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio-Based Resins Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio-Based Resins Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio-Based Resins Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio-Based Resins Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio-Based Resins Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio-Based Resins Sales Breakdown by Type (2018-2023)
2 Global Bio-Based Resins Market Competition by Company
2.1 Global Top Players by Bio-Based Resins Sales (2018-2023)
2.2 Global Top Players by Bio-Based Resins Revenue (2018-2023)
2.3 Global Top Players by Bio-Based Resins Price (2018-2023)
2.4 Global Top Manufacturers Bio-Based Resins Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio-Based Resins Market Competitive Situation and Trends
2.5.1 Bio-Based Resins Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio-Based Resins Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bio-Based Resins as of 2022)
2.7 Date of Key Manufacturers Enter into Bio-Based Resins Market
2.8 Key Manufacturers Bio-Based Resins Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio-Based Resins Status and Outlook by Region
3.1 Global Bio-Based Resins Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-Based Resins Historic Market Size by Region
3.2.1 Global Bio-Based Resins Sales in Volume by Region (2018-2023)
3.2.2 Global Bio-Based Resins Sales in Value by Region (2018-2023)
3.2.3 Global Bio-Based Resins Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio-Based Resins Forecasted Market Size by Region
3.3.1 Global Bio-Based Resins Sales in Volume by Region (2024-2029)
3.3.2 Global Bio-Based Resins Sales in Value by Region (2024-2029)
3.3.3 Global Bio-Based Resins Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio-Based Resins by Application
4.1 Bio-Based Resins Market Segment by Application
4.1.1 Packaging
4.1.2 Automotive
4.1.3 Construction
4.1.4 Others
4.2 Global Bio-Based Resins Market Size by Application
4.2.1 Global Bio-Based Resins Market Size Overview by Application (2018-2029)
4.2.2 Global Bio-Based Resins Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio-Based Resins Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio-Based Resins Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio-Based Resins Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio-Based Resins Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio-Based Resins Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio-Based Resins Sales Breakdown by Application (2018-2023)
5 North America Bio-Based Resins by Country
5.1 North America Bio-Based Resins Historic Market Size by Country
5.1.1 North America Bio-Based Resins Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio-Based Resins Sales in Volume by Country (2018-2023)
5.1.3 North America Bio-Based Resins Sales in Value by Country (2018-2023)
5.2 North America Bio-Based Resins Forecasted Market Size by Country
5.2.1 North America Bio-Based Resins Sales in Volume by Country (2024-2029)
5.2.2 North America Bio-Based Resins Sales in Value by Country (2024-2029)
6 Europe Bio-Based Resins by Country
6.1 Europe Bio-Based Resins Historic Market Size by Country
6.1.1 Europe Bio-Based Resins Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio-Based Resins Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio-Based Resins Sales in Value by Country (2018-2023)
6.2 Europe Bio-Based Resins Forecasted Market Size by Country
6.2.1 Europe Bio-Based Resins Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio-Based Resins Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio-Based Resins by Region
7.1 Asia-Pacific Bio-Based Resins Historic Market Size by Region
7.1.1 Asia-Pacific Bio-Based Resins Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio-Based Resins Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio-Based Resins Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio-Based Resins Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio-Based Resins Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio-Based Resins Sales in Value by Region (2024-2029)
8 Latin America Bio-Based Resins by Country
8.1 Latin America Bio-Based Resins Historic Market Size by Country
8.1.1 Latin America Bio-Based Resins Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio-Based Resins Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio-Based Resins Sales in Value by Country (2018-2023)
8.2 Latin America Bio-Based Resins Forecasted Market Size by Country
8.2.1 Latin America Bio-Based Resins Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio-Based Resins Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio-Based Resins by Country
9.1 Middle East and Africa Bio-Based Resins Historic Market Size by Country
9.1.1 Middle East and Africa Bio-Based Resins Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio-Based Resins Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio-Based Resins Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio-Based Resins Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio-Based Resins Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio-Based Resins Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Arkema
10.1.1 Arkema Company Information
10.1.2 Arkema Introduction and Business Overview
10.1.3 Arkema Bio-Based Resins Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Arkema Bio-Based Resins Products Offered
10.1.5 Arkema Recent Development
10.2 Ashland
10.2.1 Ashland Company Information
10.2.2 Ashland Introduction and Business Overview
10.2.3 Ashland Bio-Based Resins Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Ashland Bio-Based Resins Products Offered
10.2.5 Ashland Recent Development
10.3 BASF
10.3.1 BASF Company Information
10.3.2 BASF Introduction and Business Overview
10.3.3 BASF Bio-Based Resins Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BASF Bio-Based Resins Products Offered
10.3.5 BASF Recent Development
10.4 DuPont
10.4.1 DuPont Company Information
10.4.2 DuPont Introduction and Business Overview
10.4.3 DuPont Bio-Based Resins Sales, Revenue and Gross Margin (2018-2023)
10.4.4 DuPont Bio-Based Resins Products Offered
10.4.5 DuPont Recent Development
10.5 Huntsman International
10.5.1 Huntsman International Company Information
10.5.2 Huntsman International Introduction and Business Overview
10.5.3 Huntsman International Bio-Based Resins Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Huntsman International Bio-Based Resins Products Offered
10.5.5 Huntsman International Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio-Based Resins Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bio-Based Resins Industrial Chain Analysis
11.4 Bio-Based Resins Market Dynamics
11.4.1 Bio-Based Resins Industry Trends
11.4.2 Bio-Based Resins Market Drivers
11.4.3 Bio-Based Resins Market Challenges
11.4.4 Bio-Based Resins Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio-Based Resins Distributors
12.3 Bio-Based Resins Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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