Current market study forecasts annual growth of 17 % for  bio-based polymers between 2023 and 2028. Demand from  Asia and the USA in particular is driving growth, Europe is  lagging behind.

New report released on the global bio‑based polymer market 2023 – a deep and comprehensive insight into a dynamically growing market. 

Hürth, 7 March 2023: The year 2023 was a promising year for bio‑based polymers: PLA capacities  have been increased by almost 50 %, and at the same time polyamide capacities are steadily increasing,  as well as epoxy resin production. Capacities for 100 % bio-based PE have been expanded and PE and  PP made from bio‑based naphtha are being further established with growing volumes. Current and  future expansions for PHAs are still on the horizon. After hinting at a comeback in 2022 bio-based PET  production dropped in 2023 by 50 %. 

https://www.technicaltextiles.in/wp-content/uploads/2024/03/24-03-07_PR_biopolymer_report_data_2023_EN.pdf

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