Bio-based Polyethylene Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4333
The Bio-based Polyethylene Market is likely to grow due to rising usage of bio-based plastic products in various end-user industries. Bio-based polyethylene (PE), also known as renewable polyethylene, is derived from various feedstocks such as wheat grain, sugar beet, sugar cane, starch crop, plant wastes, etc. These products possess similar physical, mechanical and chemical characteristics as standard polyethylene. Bio-based polyethylene are likely to replace standard PE in major applications of engineering, packaging, agriculture, etc. due to their unique properties. For instance, agriculture industry may utilize these products for making silage wrap and mulch films in coming years due to its benefits such as ease of processing, durability, flexibility and cost effectiveness. Growing bioplastic demand in the end-user industries are likely to drive the industry growth in the forecast time period.
Another key growth driving factor is shifting focus towards sustainable packaging products in the major countries. Major government bodies including the U.S. Environmental Protection Agency and European Commission are implementing stringent regulations to lower the GHG emission, which will further increase the bio-based plastic products usage. Further, uncertainty and limited availability of crude oil will further force polymer producers to develop bio-based plastic products. These trends are likely to boost the renewable polyethylene demand in the coming years.
Although green PE is gaining considerable attention in the end-user industries, the challenges associated with the product is likely to hamper bio-based polyethylene market growth in the next few years. These products lack in providing good barrier against water vapor compared to standard polyethylene. Further, the cost associated with the manufacturing of bio-based plastic is comparatively higher than the standard fossil based polymers. However, growing demand for sustainable packaging along with the technological advancement are likely to boost the bio-based polyethylene demand in the next few years.
On the basis of application, the industry has been categorized into flexible and rigid packaging. Flexible packaging segment is likely to grow at a significant rate in the coming years due to growing demand for the food & beverages across the world. Global food and beverages market is likely to reach to a value of more than USD 100 billion by 2023. Increasing demand for the packaged food is further likely to enhance the flexible packaging demand in the coming years. This is due to increasing disposable income, economic growth and changing consumer lifestyle in the developing countries.
On the basis of end-user industry, the industry has been segregated into food, cosmetics, pharmaceuticals, agriculture and textile industries. Food segment is likely to have substantial green PE demand in the coming years. This is due to growing awareness towards sustainable packaging across the world. Green PE possesses excellent peelability, sealing characteristics and generates low carbon footprint compared to standard polyethylene. Stringent government regulations over the food & beverages packaging is likely to enhance demand for sustainable packaging in the coming years, which will further enhance the green PE demand in the future. Personal care will also be a key end-user in the industry throughout the forecast time period. Changing consumer lifestyle and increasing disposable income in the emerging countries are likely to drive the bio-based polyethylene demand in future.
North America is likely to have significant renewable polyethylene demand in the coming years due to presence of stringent government regulations related to plastic products. Major regulatory bodies including Code of Federal Regulations and Food & Drug Administrations have provided norms for plastic usage in the packaging of food & beverages items. Europe will be a key region in the bio-based polyethylene market throughout the forecast time period. In this region, major manufacturers are shifting towards bio-based plastic production due to presence of strict government regulations which are aimed at low carbon footprint, which will accelerate the industry growth in the future.
Some of the key players of bio-based polyethylene market consists of LyondellBasell, Braskem, Avery Dennison, Sealed Air, SABIC, Plantic Technologies Ltd., The Dow Chemical Company, Neste, Sojitz Corporation, etc.
Bio-based polyethylene Market, By Application, 2014-2025 (USD Million)
Bio-based polyethylene Market, By End-user industry, 2014-2025 (USD Million)
- Personal care
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Avery Dennison
- Sealed Air
- Plantic Technologies Ltd.
- The Dow Chemical Company
- Sojitz Corporation
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.