The global bio-based polyethylene market is anticipated to witness growth over the forecast period. Bio-based PE is used in packaging applications such as carry bags, plastic films, and bottles. Volatile prices coupled with limited availability of crude oil are expected to force polymer manufacturers to develop bio-based alternatives including bio-based PE. In addition, the renewable nature of bio-based PE makes it an eco-friendly substitute to chemical counterparts which are expected to augment market demand over the forecast period.
Growing focus on sustainable packaging is expected to be a key factor for bio-based PE demand over the next six years. Stringent regulations including the Montreal &Kyoto Protocol issued by regulatory bodies such as EPA and EC (European Commission) aimed at reducing GHG emission is expected to propel the demand for bio-based PE. Uncertain availability of sugarcane as a raw material on account of its increased application in the food & beverage industry is expected to negatively impact market growth over the next six years. The emergence of substitutes such as bio-based PET, PLA, and PEF in packaging is expected to hamper bio-based PE market growth over the forecast period. Technological advancement in hydraulic fracturing has resulted in increased shale gas supply as a feedstock for polymer manufacturing thereby reducing prices. This development is expected to result in polymer manufacturers preferring low-cost shale as raw material for PE manufacturing which could hamper bio-based PE market growth.
Bio-based PE market growth in Europe can be attributed to the stringent European Commission regulations intended for restricting GHG emission. Montreal Protocol adoption in the U.S. and Canada is expected to fuel bio-based PE demand as an eco-friendly packaging product in North America. Asia Pacific is expected to witness growth owing to the Japanese government’s commitment of 20% bio-based plastics consumption by 2020. Application growth in automobile, consumer goods, and food & beverage industry in Brazil and South Africa is expected to positively impact RoW market growth. A positive outlook on the sugar and ethanol industry in Brazil expected to ensure raw material availability for bio-based PE production. Braskem was the largest bio-based PE manufacturers, accounting for 28% of global production capacity in 2011. Other market participants include Mitsui, Dow Chemical, and Toyota Tsusho.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.