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Home > News > Chemicals

Report: Global biopolymer market to grow and led by Asia and North America

Source：Adsale Plastics Network Date ：2025-03-21 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

A new report by the international biopolymer expert group of nova-Institute reveals that the global bio-based polymer market expected to grow through 2029, with an overall expected CAGR of 13% to 2029, driven by capacity expansions in Asia and North America.

 

Production

 

In the new market and trend report “Bio‑based Building Blocks and Polymers – Global Capacities, Production and Trends 2024–2029”, data shows that a total of 4.2 million tons of bio-based polymers are produced in 2024.

 

Bio-based polymer production 2024.jpg

Bio-based polymer capacities and production worldwide in 2024.

 

Cellulose acetate (CA), with a bio-based content of 50%, and epoxy resins, with a bio-based content of 45%, account for more than half of the bio-based production, 26% and 32%, respectively.

 

Expanded production capacity

 

The increase in production capacity from 2023 to 2024 is mainly due to the expansion of PLA capacity and epoxy resin production in Asia, as well as a global increase in PUR production.

 


Bio-based polymer production capacity 2024.jpg

Global production capacities of bio-based polymers per region in 2024.

 

Asia as the leading region in 2024, has the largest installed bio‑based production capacities worldwide with 59%, with the largest capacities for PLA and PA. North America had 16%, with large installed capacities for PLA and PTT.

 

Europe had 13%, mainly based on installed capacities for SCPC and PA. South America had a share of 11% with major installations for PE.

 

With an expected CAGR of 25% between 2024 and 2029, North America has the highest growth in bio‑based polymer capacities compared to other regions of the world. This increase is mainly due to expanded and new production capacities for PHA and PP.

 

PP, PHA and PEF are particularly expected to grow continuously by 65% on average until 2029. While PHA capacities will increase mainly in Asia and PEF in Asia and in Europe, PP capacities will increase mainly in North America.

 

Forecast: Strong growth for bio-based polymer until 2029

 

The report forecasts a continuous growth for bio-based polymer, with an overall expected CAGR of 13% to 2029. Overall, bio-based biodegradable polymers have large installed capacities with an expected CAGR of 17% to 2029, but the current average capacity utilization is moderate at 65%. In contrast, bio-based non-biodegradable polymers have a much higher utilization rate of 90%, but will only grow by 10% to 2029.


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Source：Adsale Plastics Network Date ：2025-03-21 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

A new report by the international biopolymer expert group of nova-Institute reveals that the global bio-based polymer market expected to grow through 2029, with an overall expected CAGR of 13% to 2029, driven by capacity expansions in Asia and North America.

 

Production

 

In the new market and trend report “Bio‑based Building Blocks and Polymers – Global Capacities, Production and Trends 2024–2029”, data shows that a total of 4.2 million tons of bio-based polymers are produced in 2024.

 

Bio-based polymer production 2024.jpg

Bio-based polymer capacities and production worldwide in 2024.

 

Cellulose acetate (CA), with a bio-based content of 50%, and epoxy resins, with a bio-based content of 45%, account for more than half of the bio-based production, 26% and 32%, respectively.

 

Expanded production capacity

 

The increase in production capacity from 2023 to 2024 is mainly due to the expansion of PLA capacity and epoxy resin production in Asia, as well as a global increase in PUR production.

 


Bio-based polymer production capacity 2024.jpg

Global production capacities of bio-based polymers per region in 2024.

 

Asia as the leading region in 2024, has the largest installed bio‑based production capacities worldwide with 59%, with the largest capacities for PLA and PA. North America had 16%, with large installed capacities for PLA and PTT.

 

Europe had 13%, mainly based on installed capacities for SCPC and PA. South America had a share of 11% with major installations for PE.

 

With an expected CAGR of 25% between 2024 and 2029, North America has the highest growth in bio‑based polymer capacities compared to other regions of the world. This increase is mainly due to expanded and new production capacities for PHA and PP.

 

PP, PHA and PEF are particularly expected to grow continuously by 65% on average until 2029. While PHA capacities will increase mainly in Asia and PEF in Asia and in Europe, PP capacities will increase mainly in North America.

 

Forecast: Strong growth for bio-based polymer until 2029

 

The report forecasts a continuous growth for bio-based polymer, with an overall expected CAGR of 13% to 2029. Overall, bio-based biodegradable polymers have large installed capacities with an expected CAGR of 17% to 2029, but the current average capacity utilization is moderate at 65%. In contrast, bio-based non-biodegradable polymers have a much higher utilization rate of 90%, but will only grow by 10% to 2029.


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Report: Global biopolymer market to grow and led by Asia and North America

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