Plant-based Natural Polymers Market Growth & Trends [2031]
Plant-based Natural Polymers Market Growth & Trends [2031]
Segments - Plant-based Natural Polymers Market by Type (Exudate & Vegetable Gums, Cellulose Ethers, Pectin, Chitin, Starch, Proteins, Carbohydrates, and Others), Application (Food & Beverages, Packaging, Oilfield, Construction, Biomedical, Cosmetics & Toiletries, Inks, Adhesives, Paints & Coatings, Textiles, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
The global plant-based natural polymers market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. Growing usage of bio-based products to minimize harm to the environment is likely to fuel the market.
Plant-based natural polymers are derived from wood pulp, soybeans, and corn. They are more effective as compared to synthetic polymers, as they are less expensive, non-toxic, economical, and abundantly available in nature. These polymers prevent the accumulation of waste and pollution, as they can easily biodegrade.
These polymers include exudate & vegetable gum, cellulose ethers, starch & fermentation products, and protein-based merchandise, which found application in oilfields, pharmaceuticals, food & beverages, packaging, cosmetics, and other consumer products.
The COVID-19 pandemic slowed down the overall revenue generation of the market, owing to the sharp decline in the demand for polymers from the end-use industries and the temporary shutdown of manufacturing units that produce polymers. A few companies postponed their existing projects, due to the irregular supply of raw materials and announced a possible delay in the delivery of products, which disrupted the supply chain of the market.
Plant-based Natural Polymers Market Dynamics
Major Drivers
Growing awareness regarding environmental hazards caused by non-biodegradable products is a major factor driving the market during the projected period. Synthetic polymers are non-biodegradable in nature, which makes them a permanent waste. Thus, governments across the globe are taking initiatives to ban non-biodegradable and petroleum-based polymers for sustainability across industries, which boosts the demand for natural polymers.
Increasing application is another major factor driving the market. Plant-based natural polymers are often used in packaging, cosmetics, and pharmaceuticals. However, it is widely used in the oilfield industry for hydraulic fracturing fluid. Thus, the rising demand for natural polymers from various industries, due to their non-toxic and biodegradable properties is likely to fuel the market.
Existing Restraints
High risk of microbial contamination during production hinders the market. The presence of chemical constituents in natural polymers is affected, due to climate changes and the availability of nutrition, which increases the risk of contamination.
Fluctuation in raw materials prices is anticipated to hamper the market in the coming years. A sudden surge and decline in the costs of raw materials encourage manufacturers to increase production costs. Furthermore, growing deforestation disrupts the overall supply chain of the market.
Emerging Opportunities
Rising consumer preference for eco-friendly products and stringent environmental regulations are likely to create immense opportunities for the key players competing in the market. Thus, key companies increasingly implementing sustainable initiatives to minimize carbon footprint. Moreover, increasing investments in R&D in agriculture, packaging, and pharmaceuticals by governments is likely to propel the market.
Scope of Plant-based Natural Polymers Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Plant-based Natural Polymers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Exudate & Vegetable Gums, Cellulose Ethers, Pectin, Chitin, Starch, and Others), and Application (Food & Beverages, Packaging, Oilfield, Construction, Biomedical, Cosmetics & Toiletries, Inks, Adhesives, Paints & Coatings, Textiles, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Akzo Nobel N.V.; Ashland Inc; Croda International; ADM; BASF SE; Cargill, Incorporated; CP Kelco U.S., Inc.; Dow; Economy Polymers & Chemicals; ENCORE Natural Polymers Private Limited; and Novamont S.p.A. |
Plant-based Natural Polymers Market Segment Insights
Based on type, the plant-based natural polymers market is segregated into exudate & vegetable gums, cellulose ethers, pectin, chitin, starch, and others. The cellulose ethers segment is anticipated to expand at a considerable CAGR in the coming years, due to its excellent mechanical properties, high crystallinity, hydrophilicity, and degree of polymerization. Cellulose ethers are water-soluble polymers and function, as viscosity modifiers, stabilizers, and thickeners. Cellulose-based materials are used in biomedical applications including binders and fillers in capsules, medical implants, drug delivery agents, wound dressing, and scaffolds for tissue engineering.
The exudate & vegetable gums segment is projected to grow at a rapid pace during the projection period, owing to the increasing demand from the food & beverages industry. Vegetable gums are derived from coconut husks, seaweed, and soybean hulls, which are commonly used to improve consistency in various food items.
On the basis of application, the market is segmented into food & beverages, packaging, oilfield, construction, biomedical, cosmetics & toiletries, inks, adhesives, paints & coatings, textiles, and others. The packaging segment is expected to register a robust growth rate during the assessment period, owing to the rapid expansion of various industries across the globe, which demands for sustainable packaging to lower carbon emissions. Packaging products including thermoform, loose-fill, and form-fill contain natural polymers such as polylactic acid and starch-blend. However, growing demand for packaged food is likely to fuel the segment.
The construction segment is anticipated to expand at a high CAGR during the projection period, due to the increasing construction activities at a rapid pace. Natural polymers are widely used in wall coatings and flooring materials to improve UV resistance. It can be blended with marble chips and limestone to create wood floorings.
The cosmetics & toiletries segment is estimated to grow at a significant pace in the coming years, owing to the rising adoption of skincare and personal care products. Plant-based substances including gums, starches, and waxes help to maintain the moisture level of skin tissues. Growing trend toward herbal cosmetics products is likely to boost the segment.
In terms of region, the global plant-based natural polymers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the projection period, due to the increasing demand from the food & beverages, pharmaceuticals, oilfield, and construction industries. The growth of the market in the region is attributed to the rising government initiatives to minimize green gas emissions and the growing adoption of consumer packaged goods along with sustainable packaging.
The market in Asia Pacific is estimated to grow quickly in the coming years, owing to the increasing industrialization in developing countries such as India and China. The market growth is further attributed to the rising construction activities in the region and implementation of strict government regulations regarding the usage of non-biodegradable products.
Segments
The plant-based natural polymers market has been segmented on the basis of
Type
- Exudate & Vegetable Gums
- Cellulose Ethers
- Pectin
- Chitin
- Starch
- Others
Application
- Food & Beverages
- Packaging
- Oilfield
- Construction
- Biomedical
- Cosmetics & Toiletries
- Inks
- Adhesives
- Paints & Coatings
- Textiles
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Akzo Nobel N.V.
- Ashland Inc
- Croda International
- ADM
- BASF SE
- Cargill, Incorporated
- CP Kelco U.S., Inc.
- Dow
- Economy Polymers & Chemicals
- ENCORE Natural Polymers Private Limited
- Novamont S.p.A.
Competitive Landscape
Players in the global plant-based natural polymers market are Akzo Nobel N.V.; Ashland Inc; Croda International; ADM; BASF SE; Cargill, Incorporated; CP Kelco U.S., Inc.; Dow; Economy Polymers & Chemicals; ENCORE Natural Polymers Private Limited; and Novamont S.p.A.
Some of these major companies adopted several business development strategies including partnerships, mergers, collaborations, acquisitions, and product launches to expand their consumer base and market share. For instance,
On September 27, 2022, CP Kelco partnered with ExoPolymer to develop a portfolio of functional biopolymers for the personal care industry. The primary aim of this partnership is to bolster the production of polysaccharide-based biopolymers to be used in skin care formulations for anti-aging, hydration, and anti-wrinkle performance.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant-based Natural Polymers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant-based Natural Polymers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant-based Natural Polymers Market - Supply Chain
4.5. Global Plant-based Natural Polymers Market Forecast
4.5.1. Plant-based Natural Polymers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant-based Natural Polymers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Plant-based Natural Polymers Market Absolute $ Opportunity
5. Global Plant-based Natural Polymers Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Plant-based Natural Polymers Market Size and Volume Forecast by Types
5.3.1. Exudate & Vegetable Gums
5.3.2. Cellulose Ethers
5.3.3. Pectin
5.3.4. Chitin
5.3.5. Starch
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Plant-based Natural Polymers Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Plant-based Natural Polymers Market Size and Volume Forecast by Applications
6.3.1. Food & Beverages
6.3.2. Packaging
6.3.3. Oilfield
6.3.4. Construction
6.3.5. Biomedical
6.3.6. Cosmetics & Toiletries
6.3.7. Inks
6.3.8. Adhesives
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Plant-based Natural Polymers Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Plant-based Natural Polymers Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Plant-based Natural Polymers Demand Share Forecast, 2019-2026
8. North America Plant-based Natural Polymers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Plant-based Natural Polymers Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Plant-based Natural Polymers Market Size and Volume Forecast by Types
8.4.1. Exudate & Vegetable Gums
8.4.2. Cellulose Ethers
8.4.3. Pectin
8.4.4. Chitin
8.4.5. Starch
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Plant-based Natural Polymers Market Size and Volume Forecast by Applications
8.7.1. Food & Beverages
8.7.2. Packaging
8.7.3. Oilfield
8.7.4. Construction
8.7.5. Biomedical
8.7.6. Cosmetics & Toiletries
8.7.7. Inks
8.7.8. Adhesives
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Plant-based Natural Polymers Demand Share Forecast, 2019-2026
9. Latin America Plant-based Natural Polymers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Plant-based Natural Polymers Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Plant-based Natural Polymers Market Size and Volume Forecast by Types
9.4.1. Exudate & Vegetable Gums
9.4.2. Cellulose Ethers
9.4.3. Pectin
9.4.4. Chitin
9.4.5. Starch
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Plant-based Natural Polymers Market Size and Volume Forecast by Applications
9.7.1. Food & Beverages
9.7.2. Packaging
9.7.3. Oilfield
9.7.4. Construction
9.7.5. Biomedical
9.7.6. Cosmetics & Toiletries
9.7.7. Inks
9.7.8. Adhesives
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Plant-based Natural Polymers Demand Share Forecast, 2019-2026
10. Europe Plant-based Natural Polymers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Plant-based Natural Polymers Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Plant-based Natural Polymers Market Size and Volume Forecast by Types
10.4.1. Exudate & Vegetable Gums
10.4.2. Cellulose Ethers
10.4.3. Pectin
10.4.4. Chitin
10.4.5. Starch
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Plant-based Natural Polymers Market Size and Volume Forecast by Applications
10.7.1. Food & Beverages
10.7.2. Packaging
10.7.3. Oilfield
10.7.4. Construction
10.7.5. Biomedical
10.7.6. Cosmetics & Toiletries
10.7.7. Inks
10.7.8. Adhesives
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Plant-based Natural Polymers Demand Share Forecast, 2019-2026
11. Asia Pacific Plant-based Natural Polymers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Plant-based Natural Polymers Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Plant-based Natural Polymers Market Size and Volume Forecast by Types
11.4.1. Exudate & Vegetable Gums
11.4.2. Cellulose Ethers
11.4.3. Pectin
11.4.4. Chitin
11.4.5. Starch
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Plant-based Natural Polymers Market Size and Volume Forecast by Applications
11.7.1. Food & Beverages
11.7.2. Packaging
11.7.3. Oilfield
11.7.4. Construction
11.7.5. Biomedical
11.7.6. Cosmetics & Toiletries
11.7.7. Inks
11.7.8. Adhesives
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Plant-based Natural Polymers Demand Share Forecast, 2019-2026
12. Middle East & Africa Plant-based Natural Polymers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Plant-based Natural Polymers Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Plant-based Natural Polymers Market Size and Volume Forecast by Types
12.4.1. Exudate & Vegetable Gums
12.4.2. Cellulose Ethers
12.4.3. Pectin
12.4.4. Chitin
12.4.5. Starch
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Plant-based Natural Polymers Market Size and Volume Forecast by Applications
12.7.1. Food & Beverages
12.7.2. Packaging
12.7.3. Oilfield
12.7.4. Construction
12.7.5. Biomedical
12.7.6. Cosmetics & Toiletries
12.7.7. Inks
12.7.8. Adhesives
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Plant-based Natural Polymers Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Plant-based Natural Polymers Market: Market Share Analysis
13.2. Plant-based Natural Polymers Distributors and Customers
13.3. Plant-based Natural Polymers Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Akzo Nobel N.V.
13.4.2. Ashland Inc
13.4.3. Croda International
13.4.4. ADM
13.4.5. BASF SE
13.4.6. Cargill, Incorporated
13.4.7. CP Kelco U.S., Inc.
13.4.8. Dow
13.4.9. Economy Polymers & Chemicals
13.4.10. ENCORE Natural Polymers Private Limited
13.4.11. Novamont S.p.A.
Methodology
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