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The global bio-based polyethylene market is expected to exhibit a CAGR of 5.27% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Bio-based polyethylene (bio-PE) refers to a thermoplastic polymer compound that is manufactured through synthesizing ethylene monomer with dehydrated bioethanol derived from various feedstocks, including sugarcane. It is recyclable, eco-friendly, and a sustainable alternative to its chemical or petroleum-based conventional counterparts. Apart from this, bio-based polyethylene is lightweight, long-lasting, and corrosion-resistant, due to which it is extensively used by industries for packaging cosmetics, household goods, pharmaceutical products, edible oils, and food and beverages. At present, bio-based polyethylene is commercially available in high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and low-density polyethylene (LPDE) types.
The rising environmental concerns and awareness amongst consumers regarding the detrimental effects caused by conventional plastic materials have prompted governments of various nations to promote the uptake of sustainable packaging solutions with a higher recyclable rate. This, in turn, is facilitating the widespread adoption of bio-based polyethylene (PE) across several industrial verticals in the form of carry bags, bottles, plastic films, and containers for packing various consumer goods, which represents a prime factor driving the market growth. Moreover, the increasing need for carbon-free products to mitigate fossil fuel depletion and greenhouse gas (GHG) emissions is acting as another growth-inducing factor. In line with this, significant technological advancements in hydraulic fracturing procedures have resulted in the rise of shale gas formations that supply as a feedstock for manufacturing polymers, is supporting the market growth. Additionally, the implementation of global wide lockdown has supplemented the usage of e-commerce platforms to order multiple products, which is further fueling the demand for sustainable packaging materials, such as bio-based polyethylene, thus propelling the market growth. Other factors, such as strategic collaborations amongst key players and extensive investments in research and development (R&D) activities to engineer high-performance, recyclable, and non-toxic polymers, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-based polyethylene market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, material and application.
Breakup by Type:
Breakup by Material:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|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)|
We expect the global bio-based polyethylene market to exhibit a CAGR of 5.27% during 2022-2027.
The rising environmental concerns, along with the growing awareness towards the sustainable packaging solutions with higher recyclable rate, such as bio-based polyethylene, are primarily driving the global bio-based polyethylene market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous production activities for bio-based polyethylene.
Based on the type, the global bio-based polyethylene market can be categorized into HDPE, LLDPE, and LDPE. Currently, LDPE accounts for the majority of the global market share.
Based on the material, the global bio-based polyethylene market has been segregated into rigid and flexible, where flexible material holds the largest market share.
Based on the application, the global bio-based polyethylene market can be bifurcated into agriculture, food and beverages, cosmetics and household care, personal care, textiles, pharmaceuticals, and others. Among these, the personal care sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global bio-based polyethylene market include 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.
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