Market Overview:
The global bio-based resins market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for bio-based resins from end-use industries such as packaging, automotive, construction, and others. In addition, the growing awareness about environmental concerns is also propelling the demand for bio-based resins across the globe. Based on type, non-biodegradable bio-based resins are expected to dominate the global market during the forecast period.
Product Definition:
Bio-based resins are made from renewable resources such as plants, instead of petroleum. Bio-based resins often have lower environmental impact than traditional plastics and can be used for a variety of applications, including packaging, insulation, automotive parts and more.
Non-Biodegradable Bio-Based Resins:
Non-biodegradable bio-based resins are a group of materials that do not biodegrade in the natural environment. The resin is made from plant and animal matter, including wood, corn cobs, and waste products such as sawdust. These resins are used to produce composites for use in construction applications such as flooring tiles and wall panels among others.
Biodegradable Bio-Based Resins:
Bio-based resins are the composite material derived from renewable plant-based materials such as cellulose, lignin, and starch. Bio based resin is used in various end-use industries including construction, automotive & transportation and packaging. The global demand for bio based resin is expected to witness significant growth over the forecast period owing to its increasing application scope across a wide range of end use industries coupled with growing environmental concerns regarding non-biodegradable plastics usage.
Application Insights:
The packaging application segment led the global bio-based resins market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for flexible packaging solutions, such as corrugated cardboards and paperboard boxes from food & beverage, retail, industrial and other sectors.
Packaging accounted for a revenue share of 37.3% in 2017 owing to rising demand from various industries including food & beverages (corrugated containers), consumer goods (plastic bottles), pharmaceuticals (resin capsules) and others (recycled papers). The automotive sector is also projected to witness considerable growth over the next eight years due largelyto growing awareness regarding environment issues coupled with government regulations that favor low carbon emissions vehicles.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 6.8% over the forecast period, owing to increasing demand for bio-based plastics from various end-use industries, such as packaging and automotive. Stringent regulations on VOC emissions by U.
Asia Pacific is anticipated to be one of the fastest growing regional markets during the forecast period owing its high potential for bio-based plastic production coupled with rapidly expanding end-use industries especially in emerging economies such as China.
Growth Factors:
- Increasing demand for bio-based resins from end-use industries such as automotive, construction, and packaging
- Rising awareness about the benefits of bio-based resins over traditional petroleum-based resins
- Growing investments in research and development activities for the development of new bio-based resin products
- Proliferation of ecofriendly policies and regulations supporting the use of bio-based resins
- Technological advancements that have led to the development of more efficient and cost effective production processes for manufacturing bio- based resin products
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-Based Resins Market Research Report
By Type
Non-Biodegradable Bio-Based Resins, Biodegradable Bio-Based Resins
By Application
Packaging, Automotive, Construction, Others
By Companies
Arkema, Ashland, BASF, DuPont, Huntsman International, Arkema
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Bio-Based Resins Market Report Segments:
The global Bio-Based Resins market is segmented on the basis of:
Types
Non-Biodegradable Bio-Based Resins, Biodegradable Bio-Based Resins
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Automotive, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Ashland
- BASF
- DuPont
- Huntsman International
- Arkema
Highlights of The Bio-Based Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Biodegradable Bio-Based Resins
- Biodegradable Bio-Based Resins
- By Application:
- Packaging
- Automotive
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-Based Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-based resins are made from natural or renewable resources, such as plant oils and agricultural byproducts. They are often more environmentally friendly than traditional synthetic resins, and they can be used in a variety of applications including packaging, furniture manufacturing, and construction.
Some of the major players in the bio-based resins market are Arkema, Ashland, BASF, DuPont, Huntsman International, Arkema.
The bio-based resins market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-Based Resins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-Based Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-Based Resins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-Based Resins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-Based Resins Market Size & Forecast, 2018-2028
4.5.1 Bio-Based Resins Market Size and Y-o-Y Growth
4.5.2 Bio-Based Resins Market Absolute $ Opportunity
Chapter 5 Global Bio-Based Resins Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bio-Based Resins Market Size Forecast by Type
5.2.1 Non-Biodegradable Bio-Based Resins
5.2.2 Biodegradable Bio-Based Resins
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bio-Based Resins Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bio-Based Resins Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Automotive
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-Based Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-Based Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bio-Based Resins Analysis and Forecast
9.1 Introduction
9.2 North America Bio-Based Resins Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bio-Based Resins Market Size Forecast by Type
9.6.1 Non-Biodegradable Bio-Based Resins
9.6.2 Biodegradable Bio-Based Resins
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bio-Based Resins Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Automotive
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bio-Based Resins Analysis and Forecast
10.1 Introduction
10.2 Europe Bio-Based Resins Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bio-Based Resins Market Size Forecast by Type
10.6.1 Non-Biodegradable Bio-Based Resins
10.6.2 Biodegradable Bio-Based Resins
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bio-Based Resins Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Automotive
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bio-Based Resins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bio-Based Resins Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bio-Based Resins Market Size Forecast by Type
11.6.1 Non-Biodegradable Bio-Based Resins
11.6.2 Biodegradable Bio-Based Resins
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bio-Based Resins Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Automotive
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bio-Based Resins Analysis and Forecast
12.1 Introduction
12.2 Latin America Bio-Based Resins Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bio-Based Resins Market Size Forecast by Type
12.6.1 Non-Biodegradable Bio-Based Resins
12.6.2 Biodegradable Bio-Based Resins
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bio-Based Resins Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Automotive
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bio-Based Resins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bio-Based Resins Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bio-Based Resins Market Size Forecast by Type
13.6.1 Non-Biodegradable Bio-Based Resins
13.6.2 Biodegradable Bio-Based Resins
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bio-Based Resins Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Automotive
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-Based Resins Market: Competitive Dashboard
14.2 Global Bio-Based Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Ashland
14.3.3 BASF
14.3.4 DuPont
14.3.5 Huntsman International
14.3.6 Arkema
