How Big is Bio-Based Polyethylene Market ? :
IMARC Group’s latest report, titled “Bio-Based Polyethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the bio-based polyethylene market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global bio-based polyethylene market is expected to exhibit a CAGR of 5.27% during 2022-2027.
What is Bio-Based Polyethylene and Uses:
Bio-based polyethylene (bio-PE) is a regenerative alternative to fossil polyethylene (PE). It is generally manufactured from renewable raw materials, including sugar cane, rice, corn, wheat, potatoes and vegetable oil. Its production process includes several steps, such as the extraction of sucrose from feedstocks, fermentation of sucrose to obtain ethanol, and the distillation of ethanol to obtain low and high degree of short-branching polymers. There has been a considerable rise in the utilization of bio-based polyethylene across the globe due to its numerous advantages, such as its unique potential for carbon neutrality, sustainability and similar properties as its conventional plastics.
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Competitive Landscape with Key Players:
- Arkema S.A
- Avery Dennison Corporation
- Braskem
- Dow Inc
- Exxon Mobil Corporation
- LyondellBasell Industries N.V
- Plantic Technologies Ltd (Kuraray Co. Ltd)
- PTT Global Chemical Public Company Limited
- Saudi Basic Industries Corporation (Saudi Aramco)
- Sealed Air Corporation
- Solvay S.A
- TotalEnergies SE
- Tricorbraun Inc
Bio-Based Polyethylene Industry Growth and Future Demand Analysis:
The global market is primarily driven by the growing environmental concerns among the masses. This is supported by the increasing emphasis on the adoption of compostable plastic materials in the production of bottles and containers. Since bio-based polyethylene help in reducing the consumption of fossil fossils, this is creating a positive market outlook. Along with this, numerous initiatives undertaken by the government of several countries by implementing stringent rules and regulations on account of enhanced focus on sustainable development are contributing to the uptake and production of bio-based PE across the globe.
Furthermore, continual technological advancements in the production processes are also acting as major growth-inducing factors. The market is further driven by the rising adoption of bio-based packaging solutions for cosmetics, food and beverages, medical equipment and fast-moving consumer goods (FMCG). Other factors, including rapid urbanization, the growing awareness regarding eco-friendly product variants and packaging solutions, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.
Key Market Segmentation:
Breakup by Type:
- HDPE
- LLDPE
- LDPE
Breakup by Material:
- Rigid
- Flexible
Breakup by Application:
- Agriculture
- Food and Beverages
- Cosmetics and Household Care
- Personal Care
- Textiles
- Pharmaceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Million |
| Segment Coverage | Type, Material, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Arkema S.A., Avery Dennison Corporation, Braskem, Dow Inc., Exxon Mobil Corporation, LyondellBasell Industries N.V., Plantic Technologies Ltd (Kuraray Co. Ltd), PTT Global Chemical Public Company Limited, Saudi Basic Industries Corporation (Saudi Aramco), Sealed Air Corporation, Solvay S.A., TotalEnergies SE and Tricorbraun Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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