Sustainable Polymers Market Size, Share, Growth Report 2030

The global Sustainable Polymers market accrued earnings worth approximately 12 (USD Billion) in 2019 and is predicted to gain revenue of about 15 (USD Billion) by 2026, is set to record a CAGR of nearly 5.7% over the period from 2020 to 2026. The report offers assessment and analysis of the Sustainable Polymers market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Overview

Sustainable polymer is a plastic substance that addresses the requirements of end-users without causing any damage to the environment, economy, and health. Moreover, researchers are trying to produce polymers by using renewable resources like feedstocks including plants. Citing an instance, monomers like vegetable oils, carbon dioxide, terpenes, and carbohydrates are utilized as feedstock for manufacturing sustainable polymers. These products are also termed as green polymers or eco-friendly products. With sustainable polymers utilized in high value areas and key applications such as packaging, the sustainable polymers business is anticipated to garner huge popularity in the coming years. Researchers have made use of life-cycle assessment method for proving ecological advantages of the sustainable polymers.

Furthermore, renewable sustainable resources like plant oils, lignin, fatty acids, and cellulose are extensively utilized as precursors for producing sustainable polymers.

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Market Growth Drivers

With escalating demand for energy, chemicals, and materials with bulging population, the market for sustainable polymers is likely to gain momentum in the near future. Reportedly, there are nearly 8% of overall fossil oils that are utilized for producing polymers and the fossil oil use can increase to about 20% by 2050 causing high environmental degradation. Hence, with depleting fossil fuels and hazardous impact of petrochemicals, use of natural biomass as feedstock has become a key area of interest and a focal point for researchers in producing polymers. This has paved a way for the sustainable polymers market penetration across the globe in the recent years. In addition to this, sustainable polymers possess incredible biocompatibility that can provide additional advantages to expanded uses of the product. Apart from this, aliphatic polymers have exceptional features including composability and degradability as well as bio-compatibility and has high potential for pursing green bio-plastics coupling with renewable sources. All these aforementioned factors will prop up the growth of sustainable polymers market landscape in the years ahead.

Furthermore, humungous need of avoiding reliance on petroleum-based resources and need for minimizing fuel emissions will create huge growth avenues for sustainable polymers industry over the forecast timeframe. Apparently, use of the sustainable polymers such as biopolymers in producing medicines & pharmaceutics will prompt the business landscape in the near future. Sustainable polymers are also used extensively in drug delivery systems and this will drive the market trends. Anti-oxidant, reinforcing support, bio-degradability, and UV protecting features of sustainable natural polymer such as lignin can be attributed to the growth of the sustainable polymers industry in the upcoming years. In addition to this, massive use of the natural sustainable polymer like lignin in farming, battery expanders, emulsifier, chelants, dispersants, cement additives, binders, and pelleting aids. This, in turn, will proliferate the expansion of sustainable polymers industry over the upcoming years. However, high product costs can pose a threat towards the growth of sustainable polymers market in the coming decade. Nonetheless, commercial sale of bio-based polyethylene along with their use in automotive production and construction activities will steer the business growth. In addition to this, massive use of bio-based polypropylene due to its exceptional mechanical strength & heat resistance has made it popular in myriad domains. 

Report Scope:

Asia Pacific To Make Notable Contributions Towards Overall Market Size By 2026

With flourishing chemical as well as specialty chemicals industries in the Asian countries such as China and India, the market for sustainable polymers in the Asia Pacific sub-continent is anticipated to gain traction over the ensuing years. With China projected to be a key polypropylene exporter in the coming decade, the sustainable polymers market in Asia Pacific is likely to flourish in the near future.

Key participants profiled in the study include Arkema, BASF SE, DuPont, NatureWorks, AVA Biochem, Cardia Bioplastics, and Plantic.

The global Sustainable Polymers Market is segmented as follows:

By Type

• Natural Polymers
• Synthetic Bio-Based Polymers

By Applications

• Automotive
• Packaging
• Drug Delivery
• Agriculture
• Construction

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