Biomimetic Plastic Materials Market Size, Share, Growth Report 2030

Biomimetic Plastic Materials Market

Biomimetic Plastic Materials Market By Type (Biodegradable Plastic and Self-Healing Plastic), By Application (Research Institutions, Consumer Electronics, Automotive, and Transport), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Consumer Goods Report Format : PDF Pages: 204 Report Code: ZMR-7102 Published Date: Feb-2023 Status : Published

Global biomimetic plastic materials market size was evaluated at $7.3 billion in 2022 and is slated to hit $15.3 billion by the end of 2030 with a CAGR of nearly 6.1%

Biomimetic Plastic Materials Market

Industry Perspective:

The global biomimetic plastic materials market size was evaluated at $7.3 Billion in 2022 and is slated to hit $15.3 Billion by the end of 2030 with a CAGR of nearly 6.1% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Biomimetic Plastic Materials Market: Overview

Biomimetic plastic material is a synthetic material that is utilized for designing natural materials. It comprises of beneficial properties such as high strength, light weightiness, durability, and flexibility and can change based on environmental conditions. Furthermore, the chemical composition of these biomimetic plastic materials is the key factor that makes the latter adapt to environmental changes. Reportedly, biomimetic plastic material finds lucrative applications in transportation, automotive, consumer electronics, healthcare, defense, nanotechnology, and research institutes.

Key Insights

  • As per the analysis shared by our research analyst, the global biomimetic plastic materials market is projected to expand annually at the annual growth rate of around 6.1% over the forecast timespan (2022-2030)
  • In terms of revenue, the global biomimetic plastic materials market was evaluated at nearly $7.3 billion in 2021 and is anticipated to hit $15.3 billion by 2030
  • The rise in focus of governments in both emerging economies and developed countries on improving the healthcare infrastructure will accelerate the momentum of growth of the global market.
  • Based on type, the biodegradable plastic segment contributed to a major market share in 2021
  • In terms of application, the consumer electronics segment to contribute lucratively towards the overall market volume during the assessment timeframe
  • Region-wise, India and the North American regions are predicted to be the key regional revenue pockets for the global market during the projected timeline.

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Biomimetic Plastic Materials Market: Growth Drivers

Escalating use of biomimetic plastic materials in healthcare activities to drive the global market expansion

Surging demand for biomimetic plastic materials across the medical sector will boost the global biomimetic plastic materials market trends. Apart from this, the rise in focus of governments in both emerging economies and developed countries on improving the healthcare infrastructure will accelerate the momentum of growth of the global market. In addition to this, the rise in use of biomimetics in nanotechnology for better outcomes in the healthcare industry will propel the expansion of the biomimetic plastic materials market across the globe.

In addition to this, a rise in research activities along with a surge in its funding for producing biomimetic plastic materials with new, beneficial, and eco-friendly features will increase global market penetration as well as market demand across the globe. Furthermore, the rise in product application in nanocarrier delivery will expedite the scope of use of biomimetic plastic materials in a slew of industries globally. This will further spur the size of the global biomimetic plastic materials market.

Biomimetic Plastic Materials Market: Hindrances

Low awareness about the benefits accrued due to use of biomimetic plastic materials to obstruct the global industry surge

Massive product costs to impede the expansion of the global biomimetic plastic materials industry. Low level of awareness among the end-users about the benefits availed due to the use of biomimetic plastic materials can further hinder the industry’s growth.

Biomimetic Plastic Materials Market: Opportunities

Humungous use of product in vehicle production and manufacture of consumer electronics goods to open new growth opportunities for the global market

Rise in the demand for biomimetic plastic materials in automotive and consumer electronics industries to open new avenues of growth for the global biomimetic plastic materials market. An immense need for 3D digital solutions for improving road safety by using biomimetic plastic materials will create new growth horizons for the global market.

Biomimetic Plastic Materials Market: Challenges

Scarce availability of raw components for biometric plastic material production can be a huge challenge for the global industry growth

Low availability of raw materials for manufacturing biomimetic plastic materials can pose a big challenge to the expansion of the global biomimetic plastic materials industry.

Biomimetic Plastic Materials Market: Segmentation

The global biomimetic plastic materials market is divided into type, application, and region.

On basis of type, the global biomimetic plastic materials market is segregated into self-healing plastic and biodegradable plastic. Moreover, the biodegradable plastic segment is slated to dominate the type segment over the assessment timeline due to the massive demand for biodegradable plastics owing to their eco-friendly features.

In terms of application, the global market is sectored into consumer electronics, research institutions, automotive, and transport segments. Furthermore, the consumer electronics segment is expected to lead the application landscape in the years ahead. The expansion of the segment from 2023 to 2030 can be credited to the large-scale application of biomimetic plastic materials as raw materials in the production of consumer electronics goods.

Recent Developments:

  • In February 2023, Parx Plastics N.V., a key Dutch player producing & promoting biocompatible plastics & anti-bacterial polymers, launched Saniconcentrates, a biomimetic plastic with antimicrobial properties, for European and U.S. plastic manufacturers. The move will boost the expansion of the biomimetic plastic materials business in North America and Europe. 
  • In 2022, Amphibio, a UK-based material innovation startup firm, launched Amphitex™, a textile made from biomimetic plastic material. Furthermore, this textile or fabric does not require any chemical treatment and is water & liquid repellent. The initiative is likely to enhance the demand for biomimetic plastic materials across the UK and Europe.
  • In October 2022, Intropic Materials, a key U.S. manufacturer of compostable plastics and self-degrading products, announced that they are developing enzymatic additives that can penetrate deep inside plastics and help them self-degrade. The move will benefit bio-degradable packaging as well as the biomimetic plastic materials industry in the U.S. and North America. 

Biomimetic Plastic Materials Market Report Scope:

Report Attributes Report Details
Report Name Biomimetic Plastic Materials Market Research Report
Market Size in 2021 USD 7.3 Billion
Market Forecast in 2030 USD 15.3 Billion
Compound Annual Growth Rate CAGR of 6.1%
Number of Pages 204
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Parx Plastics N.V., ALPLA Group, Cardia Bioplastics Pty Ltd, CornWare UK, Full Cycle Bioplastics, Global Biopolymers Co., Ltd., Innovia Films, BioSphere Plastic, BioAmber Inc., Bioplastics International, BOSK, Gema Polimer, MAISTIC Bio Group, Puro Bioplastics, Helian Polymers B.V., BASF SE, and Radical Plastics.
Segments Covered By Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Biomimetic Plastic Materials Market: Regional Landscape

North American Market Is Set To Establish a Numero Uno Position During Forecast Period

North America is predicted to account for a major market share over the next decade. The expansion of the regional market can be attributed to presence of strong healthcare infrastructure facilities in the countries such as Canada and the U.S. In addition to this, thriving construction industry including rise in the residential and commercial construction activities will open new growth facades for the biomimetic plastic materials market in North American sub-continent. Moreover, increase in the vehicle production in large number of states in the U.S. along with massive use of biomimetic plastic materials as raw components for vehicle production will prop up the scope of the growth of market in the region. Presence of giant players in the sub-continent will help the market flourish in North America.

Furthermore, European biomimetic plastic materials market is predicted to demonstrate a remarkable growth in the ensuing years subject to rise in awareness about maintaining green and clean as well as decarbonized environment. Increase in private & public investments in research activities pertaining to biomimetic plastic materials will further drive the regional market space. Apart from this, the Asia-Pacific market is also predicted to grow by leaps & bounds over the forecasting years due to beneficial healthcare amenities and thriving automotive sector in countries such as Malaysia, China, Thailand, Indonesia, Japan, South Korea, and India.

Biomimetic Plastic Materials Market: Competitive Insights

The biomimetic plastic materials industry profiles key players such as:

  • Parx Plastics N.V.
  • ALPLA Group
  • Cardia Bioplastics Pty Ltd
  • CornWare UK
  • Full Cycle Bioplastics
  • Global Biopolymers Co. Ltd.
  • Innovia Films
  • BioSphere Plastic
  • BioAmber Inc.
  • Bioplastics International
  • BOSK
  • Gema Polimer
  • MAISTIC Bio Group
  • Puro Bioplastics
  • Helian Polymers B.V.
  • BASF SE
  • Radical Plastics.

The global biomimetic plastic materials market is segmented as follows:

By Type

  • Biodegradable Plastic
  • Self-Healing Plastic

By Application

  • Research Institutions
  • Consumer Electronics
  • Automotive
  • Transport

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Biomimetic plastic material is a synthetic material that is utilized for designing natural materials. It comprises of beneficial properties such as high strength, light weightiness, durability, and flexibility and can change based on the environmental conditions. Furthermore, chemical composition of these biomimetic plastic materials is the key factor that makes the latter adapt to the environmental changes. Reportedly, biomimetic plastic material finds lucrative applications in transportation, automotive, consumer electronics, healthcare, defense, nanotechnology, and research institutes.

The global biomimetic plastic materials market is projected to expand over 2023-2030 owing Surging demand for biomimetic plastic materials across the medical sector will boost the global biomimetic plastic materials market trends. Apart from this, the rise in focus of governments in both emerging economies and developed countries on improving the healthcare infrastructure will accelerate the momentum of growth of the global market. In addition to this, the rise in use of biomimetics in nanotechnology for better outcomes in the healthcare industry will propel the expansion of the biomimetic plastic materials market across the globe.  

According to study, the global biomimetic plastic materials market size was $7.3 billion in 2022 and is projected to reach $15.3 billion by the end of 2030.

The global biomimetic plastic materials market is anticipated to record a CAGR of nearly 6.1% from 2023 to 2030.

The global biomimetic plastic materials market is anticipated to be dominated by North America in the ensuing years owing to the presence of strong healthcare infrastructure facilities in the countries such as Canada and the U.S. In addition to this, the thriving construction industry including a rise in the residential and commercial construction activities will open new growth facades for the biomimetic plastic materials market in North American sub-continent. Moreover, an increase in vehicle production in a large number of states in the U.S. along with the massive use of biomimetic plastic materials as raw components for vehicle production will prop up the scope of the growth of the market in the region.

The global biomimetic plastic materials market is led by players like Parx Plastics N.V., ALPLA Group, Cardia Bioplastics Pty Ltd, CornWare UK, Full Cycle Bioplastics, Global Biopolymers Co., Ltd., Innovia Films, BioSphere Plastic, BioAmber Inc., Bioplastics International, BOSK, Gema Polimer, MAISTIC Bio Group, Puro Bioplastics, Helian Polymers B.V., BASF SE, and Radical Plastics.

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