Green Polymer Market 2023 In-Depth Research With Emerging Growth Trends, Top Key Players, Driving Factors, Forcast Till 2030 | BASF, Dow Chemical

The Green Polymer Market size is expected to reach US$ 74.95 Bn by 2030, from US$ 39.46 Bn in 2023, growing at a CAGR of 9.6% during the forecast period 2023-2030. Green polymers are sustainable alternatives to conventional plastics that are derived from renewable sources such as agricultural byproducts or plant-based biomass. They are used in various applications like packaging films, food containers, bottles and 3D printing filaments.

The opportunity for green polymers lies in distinguishing their products from conventional plastics through unique value propositions around sustainability. Green polymers allow manufacturers to gain a competitive edge by meeting rising consumer demand for ethical and environmentally responsible alternatives. Brands can improve their ecological and social impacts by adopting renewable biomass-derived polymers in their product ranges and packaging. This helps build reputational benefits, especially with conscious millennials and Gen Z consumers who are scrutinizing companies' sustainability credentials. Emphasizing clear recyclability, compostability and renewability traits enable green polymers to carve a distinct niche compared to non-degradable petrochemical plastics. Capitalizing on this allows startups and major players to innovate attractive, earth-friendly solutions for diverse industries.

Market Dynamics:

The green polymer market is expected to witness significant growth over the forecast period owing to growing demand from the packaging industry. The rising awareness regarding environmental protection and sustainability has increased the adoption of biodegradable and recyclable materials in the packaging sector. Another key factor driving the market growth is the implementation of stringent regulations restricting the use of single-use plastics in several countries. Governments are promoting the use of eco-friendly polymers to reduce plastic waste. Additionally, development of new technologies to manufacture green polymers from renewable feedstock at lower costs will provide growth opportunities to market players.

Explorer more information on this topic, Please visit @ https://www.coherentmi.com/industry-reports/green-polymer-market

Green polymer Market Key Drivers:

- Growing environmental awareness amongst consumers

Increasing environmental consciousness among consumers is a key driver propelling growth in the green polymer market. More people today understand the grave dangers of plastic pollution and are actively seeking out eco-friendly and sustainable alternatives. Polymer products derived from renewable biomass sources like plants are perceived as more environmentally friendly by buyers compared to traditional petroleum-based polymers. Manufacturers are capitalizing on this upward trend by marketing their green polymer offerings as sustainable solutions. Furthermore, governments across regions have implemented stringent regulations to curb plastic usage and promote the adoption of biodegradable and recyclable materials. Such supportive policies and initiatives are encouraging wider acceptance of green polymers.

- Stringent government regulations on conventional plastics

Growing governmental intervention to address the plastic waste problem has emerged as a prominent driver for the green polymer industry. Many countries and local administrations have imposed bans on single-use plastics like shopping bags, straws, cutlery and food containers due to waste management issues. Strict environmental laws now mandate higher usage of recycled content in packaging. Regulations mandating compostable and biodegradable packaging are also on the rise. Such regulatory changes are driving polymer manufacturers to seek out eco-friendly alternatives that conform to evolving legislative frameworks. Government incentives and subsidies for R&D in green chemistry are encouraging innovation and commercialization of novel green polymers made from renewable resources. Supportive regulations focused on sustainability have boosted investor confidence in this space.

List of the Top Key Players of the Global Green Polymer Market:

BASF
Dow Chemical
Braskem
NatureWorks
Novamont

Global Green Polymer Market Segmentation Analysis:

By Type -

Biodegradable
Biobased
Recycled
Bio-based, non-biodegradable
Partially bio-based

By Application -

Packaging
Agriculture
Automotive
Electronics
Textiles
Healthcare
Others (construction, consumer goods, etc.)

For More Insights: https://www.coherentmi.com/industry-reports/green-polymer-market

Research Objectives:

➞ Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
➞ To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges, and risks).
➞ To analyze individual future prospects, growth trends, and their involvement in the total market.
➞ To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
➞ To deliberately profile the key players and systematically examine their growth strategies.

[FAQ]

☑ What is the scope of this report?
☑ Does this report estimate the current market size?
☑ Does the report provides market size in terms of - Value (US$ Mn) and Volume (thousand ton/metric ton/cubic meter) - of the market?
☑ Which segments are covered in this report?
☑ What are the key factors covered in this report?
☑ Does this report offer customization?

Buy This Premium Report@ https://www.coherentmi.com/industry-reports/green-polymer-market/buyNow

Don't miss this chance to equip yourself with the knowledge you need to drive growth and stay ahead in the market. Act now and unlock the power of data-driven decision-making with our premium Global Green Polymer Market research report.

Contact Us

CoherentMI
U.S.: +1-206-701-6702
U.K: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837
sales@coherentmi.com

About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today's rapidly changing business landscape.

This release was published on openPR.