Global Bio-Based Polyethylene (PE) Market, By Type (HDPE, LLDPE and LDPE), Material (Rigid, Flexible), Application (Agriculture and Industry, Food and Beverages, Cosmetics and Household Care, Personal Care, Textiles, Pharmaceuticals, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the years, the introduction of bio-based materials as an environmentally acceptable alternative to conventional plastic materials to help reduce fossil fuel usage have massively boosted the business growth. Aside from that, its renewable nature makes it a green alternative to a variety of chemical competitors, which are expected to be in high demand over the forecast period.
Global Bio-Based Polyethylene (PE) Market was valued at USD 1.47 billion in 2021 and is expected to reach USD 2.22 billion by 2029, registering a CAGR of 5.23% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Bio-based polyethylene (PE) is a renewable substitute for fossil polyethylene (PE). Polymer produced from renewable feedback such as sugarcane is termed as bio-based polyethylene. They are widely used in applications such as food and beverages, household care, agriculture and industry, cosmetics and others.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (HDPE, LLDPE and LDPE), Material (Rigid, Flexible), Application (Agriculture and Industry, Food and Beverages, Cosmetics and Household Care, Personal Care, Textiles, Pharmaceuticals, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Dupont (U.S.), SOLVAY (Belgium), DAIKIN (Japan), Dow (U.S.), 3M (U.S.), H.B. Fuller Company (U.S.), AVERY DENNISON CORPORATION (U.S.), Sealed Air (U.S.), SABIC (Saudi Arabia), Arkema (France), LyondellBasell (Netherlands), Exxon Mobil Corporation (U.S.), Mitsui Chemicals Inc., (Japan), Braskem (Brazil), TotalEnergies (France), Novamont SpA (Italy), Biome Bioplastics (UK), PTT Global Chemical Public Company Limited (Thailand) and KURARAY CO., LTD. (Japan)
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Market Opportunities
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Bio-Based Polyethylene (PE) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Focus Towards Environment Friendly Products
The bio-based polyethylene (PE) has a number of advantages, including being 100 percent recyclable and carbon neutral, which has led to its significant acceptance. The growing focus on sustainable packaging is expected to drive bio-based polyethylene (PE) demand over the anticipated period. Furthermore, the introduction of bio-based polymers as an environmentally acceptable alternative to traditional plastics to help reduce fossil fuel usage will spur business expansion. Owing to the product’s environmental-friendly properties, the market is estimated to have an accelerated growth over forecast period.
- Increased Utilization of Bio-Based Polyethylene (PE)
The increased use of bio-based polyethylene (PE) colorants and compounds in pharmaceutical and medical applications will accelerate the overall market growth. Furthermore, rising beauty product production in developing nations is expected to be a major driver over the forecast period. The increasing usage across packaging applications such as carry bags, plastic films, and bottles will further propel the bio-based polyethylene (PE) market growth rate.
Furthermore, the high expenditure on digital technologies and an increase in e-commerce sales of cosmetics and personal care items will drive demand for sustainable packaging choices, resulting in market value growth. The shifting consumer lifestyle and the increasing awareness towards sustainable packaging around the world are projected to bolster the growth of the market.
Opportunities
- Regulations and Developments
Furthermore, the implementation of stringent rules and regulations regarding the use of single-use plastics to curb pollution extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the technological developments majorly in hydraulic fracturing will further create market growth prospects for the bio-based polyethylene (PE) market.
Restraints/Challenges
- Availability of Substitutes
The bio-based polyethylene (PE) market growth is likely to be hampered by the emergence of various alternatives such as bio-based polyethylene terephthalate (PET), polylactic acid (PLA), and PEF polyethylene furanoate (PEF). The availability of these alternatives reduces the market demand for the bio-based polyethylene (PE).
- Fluctuating Raw Materials
The overall cost structure of the product is affected by changing raw material costs. The fluctuating raw material prices operate as a restriction. Price fluctuations in petrochemical-based raw materials have impacted the bio-based polyethylene (PE) market. Consistent worldwide demand and capacity limits in key chemicals and resins have caused raw material supply to tighten and prices to rise. Therefore, the uncertainty regarding the accessibility of raw materials will challenge the bio-based polyethylene (PE) market growth rate.
This bio-based polyethylene (PE) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio-based polyethylene (PE) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Bio-Based Polyethylene (PE) Market
The recent outbreak of coronavirus had a negative impact on the bio-based polyethylene (PE) market, owing to the severe disruptions in various manufacturing as well as the supply-chain operations. This disruption was foreseen due to a drop in sales as well as supply chain concerns with product delivery from primary to secondary and larger markets. Factors like these could stymie the bio-based polyethylene industry's constant growth, given the material's use in agricultural mulch films.
On the other hand, the enormous increase in pet adoption during the pandemic, as well as the resulting demand for sustainable pet food packaging, may drive the market for bio-PE materials. According to a poll conducted by Rover.com, approximately 35% of pet parents prefer eco-friendly pet supplies, creating chances for the industry to develop dramatically over the forecasted period.
Global Bio-Based Polyethylene (PE) Market Scope
The bio-based polyethylene (PE) market is segmented on the basis of type, material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- HDPE
- LLDPE
- LDPE
Material
- Rigid
- Flexible
Application
- Agriculture and Industry
- Food and Beverages
- Cosmetics and Household Care
- Personal Care
- Textiles
- Pharmaceuticals
- Others
Bio-Based Polyethylene (PE) Market Regional Analysis/Insights
The bio-based polyethylene (PE) market is analyzed and market size insights and trends are provided by country, type, material and application as referenced above.
The countries covered in the bio-based polyethylene (PE) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the bio-based polyethylene (PE) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the burgeoning pharmaceutical sector in developing economies.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing focus on sustainable packaging in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio-Based Polyethylene (PE) Market Share Analysis
The bio-based polyethylene (PE) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio-based polyethylene (PE) market.
Some of the major players operating in the bio-based polyethylene (PE) market are
- Dupont (U.S.)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Dow (U.S.)
- 3M (U.S.)
- H.B. Fuller Company (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- Sealed Air (U.S.)
- SABIC (Saudi Arabia)
- Arkema (France)
- LyondellBasell (Netherlands)
- Exxon Mobil Corporation (U.S.)
- Mitsui Chemicals Inc., (Japan)
- Braskem (Brazil)
- TotalEnergies (France)
- Novamont SpA (Italy)
- Biome Bioplastics (UK)
- PTT Global Chemical Public Company Limited (Thailand)
- KURARAY CO., LTD. (Japan)
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