Bio-Based Resins Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2027

 

Reports and Data estimates the global Bio-Based Resins Market  competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Bio-Based Resins Market during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: Arkema SA, Archer Daniels Midland Co., Ineos Group Ltd, BASF SE, Braskem SA, DuPont, Huntsman International LLC, Metabolix, Cereokast, and Ecospan, among others.

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Market Overview

The Bio-Based Resins Market registered an impressive growth rate in recent years, a trend that is expected to record a CAGR of around 19.4% over 2020-2027. Owing to a string of trends and drivers, whose interplay is predicted to be long-lasting is propelling the market moving upward and forward. One of the foremost notable driving factors of the market is demand arising for sustainable products.

As the millennial populace asks for eco-friendly products, demand for bio-based resins is increasing. The demand may be a result of new-age consumers, being careful of their choices and the way they impact the environment. During a recent study, it had been noted that this demographic is additionally able to pay a premium price for sustainable products.

Due to this, many companies are now leaning towards making their products more eco-friendly and often biodegradable. For instance, the Ikea is planning for its blue shopping bag, that can be found in many households and is used for multiple functions, to be made from bio-based raw materials instead of petroleum-based materials. Toymaker Lego is also thinking in the same lines and is hoping to shift its products from plastic to alternative products by 2030. Coca Cola has launched its PlantBottle technology that uses only renewable resources for its bottles, and with many other companies like Heinz and Ford Motor using the PlantBottle technology, it is argued that by the end of the decade, all bottles will be produced using renewable resources.

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Product Type (Revenue, USD Million; 2017-2027)

·       Biodegradable

·       Non-Biodegradable

 

End User (Revenue, USD Million; 2017-2027)

·       Packaging

·       Automotive

·       Construction

·       Other

Key Questions answered by the Report:

·       What is the expected year-on-year growth of the Bio-Based Resins Market  during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

 

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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