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Bio-Based Material Trends and Forecast

The future of the global bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications. The global bio-based material market is expected to reach an estimated $66.4 billion by 2030 with a CAGR of 22.4% from 2024 to 2030. The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.
Bio-Based Material Market by Type and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bio-Based Material Market by Segments

Bio-Based Material by Segment

The study includes a forecast for the global bio-based material by type, application, and region.

Bio-Based Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:


• Bio-Polycarbonate
• Bio-Based Polyethylene Terephthalate (PET)
• Bio-Based Polyethylene (PE)
• Others

Bio-Based Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:


• Rigid Packaging
• Flexible Packaging
• Electrics and Electronics
• Consumer Goods
• Automotive and Transport
• Others

Bio-Based Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bio-Based Material Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-based material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-based material companies profiled in this report include-
• BASF SE
• DSM
• Evonik
• Anellotech
• Clariant

Bio-Based Material Market Insights

Bio-Based Material Market Insights
Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.
Within this market, rigid packaging is expected to witness the highest growth over the forecast period.
Europe is expected to witness highest growth over the forecast period.

Features of the Global Bio-Based Material Market

Market Size Estimates: Bio-based material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bio-based material market size by type, application, and region in terms of value ($B).
Regional Analysis: Bio-based material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the bio-based material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio-based material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the bio-based material market size?
Answer: The global bio-based material market is expected to reach an estimated $66.4 billion by 2030.
Q2. What is the growth forecast for bio-based material market?
Answer: The global bio-based material market is expected to grow with a CAGR of 22.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bio-based material market?
Answer: The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.
Q4. What are the major segments for bio-based material market?
Answer: The future of the bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications.
Q5. Who are the key bio-based material market companies?
Answer: Some of the key bio-based material companies are as follows:
• BASF SE
• DSM
• Evonik
• Anellotech
• Clariant
Q6. Which bio-based material market segment will be the largest in future?
Answer: Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.
Q7. In bio-based material market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bio-based material market by type (bio-polycarbonate, bio-based polyethylene terephthalate (pet), bio-based polyethylene (pe), and others), application (rigid packaging, flexible packaging, electrics and electronics, consumer goods, automotive and transport, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Bio-Based Material Market, Bio-Based Material Market Size, Bio-Based Material Market Growth, Bio-Based Material Market Analysis, Bio-Based Material Market Report, Bio-Based Material Market Share, Bio-Based Material Market Trends, Bio-Based Material Market Forecast, Bio-Based Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Bio-Based Material Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Bio-Based Material Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Bio-Based Material Market by Type
3.3.1: Bio-Polycarbonate
3.3.2: Bio-Based Polyethylene Terephthalate (PET)
3.3.3: Bio-Based Polyethylene (PE)
3.3.4: Others
3.4: Global Bio-Based Material Market by Application
3.4.1: Rigid Packaging
3.4.2: Flexible Packaging
3.4.3: Electrics and Electronics
3.4.4: Consumer Goods
3.4.5: Automotive and Transport
3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Bio-Based Material Market by Region
4.2: North American Bio-Based Material Market
4.2.1: North American Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
4.2.2: North American Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
4.3: European Bio-Based Material Market
4.3.1: European Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
4.3.2: European Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
4.4: APAC Bio-Based Material Market
4.4.1: APAC Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
4.4.2: APAC Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others
4.5: ROW Bio-Based Material Market
4.5.1: ROW Bio-Based Material Market by Type: Bio-Polycarbonate, Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), and Others
4.5.2: ROW Bio-Based Material Market by Application: Rigid Packaging, Flexible Packaging, Electrics and Electronics, Consumer Goods, Automotive and Transport, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Bio-Based Material Market by Type
6.1.2: Growth Opportunities for the Global Bio-Based Material Market by Application
6.1.3: Growth Opportunities for the Global Bio-Based Material Market by Region
6.2: Emerging Trends in the Global Bio-Based Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Bio-Based Material Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bio-Based Material Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: BASF SE
7.2: DSM
7.3: Evonik
7.4: Anellotech
7.5: Clariant
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
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  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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