PUBLISHER: Lucintel | PRODUCT CODE: 1417100
PUBLISHER: Lucintel | PRODUCT CODE: 1417100
The future of the global bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications. The global bio-based material market is expected to reach an estimated $66.4 billion by 2030 with a CAGR of 22.4% from 2024 to 2030. The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global bio-based material by type, application, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-based material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-based material companies profiled in this report include-
Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.
Within this market, rigid packaging is expected to witness the highest growth over the forecast period.
Europe is expected to witness highest growth over the forecast period.
Market Size Estimates: Bio-based material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bio-based material market size by type, application, and region in terms of value ($B).
Regional Analysis: Bio-based material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the bio-based material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio-based material market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the bio-based material market size?
Answer: The global bio-based material market is expected to reach an estimated $66.4 billion by 2030.
Q2. What is the growth forecast for bio-based material market?
Answer: The global bio-based material market is expected to grow with a CAGR of 22.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bio-based material market?
Answer: The major drivers for this market are growing demand for sustainable packaging material and rising concerns about greenhouse emissions.
Q4. What are the major segments for bio-based material market?
Answer: The future of the bio-based material market looks promising with opportunities in the rigid packaging, flexible packaging, electrics and electronic, consumer good, and automotive and transport applications.
Q5. Who are the key bio-based material market companies?
Answer: Some of the key bio-based material companies are as follows.
Q6. Which bio-based material market segment will be the largest in future?
Answer: Lucintel forecasts that bio-polycarbonate is expected to witness the highest growth over the forecast period.
Q7. In bio-based material market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.