India Sustainable Polymers Market Outlook: Industry Size, Trends, Share, Demand & Growth Opportunity Analysis, & Forecast 2017-2030

Market Overview

India plastics and polymer industry was on strong growth from 2016 to 2017 reaching to 1.7 lakh crore from 1.02 lakh crore in 2016. The increasing concerns over sustainable environment, there is a shift towards using sustainable polymers. Till 2016 bio plastics constituted only 1% of the total plastic but it is growing at the rate of 7.3% annually. Per capita plastic consumption in 2017 was 11 kg and same for US was 109 kg, showing the growth prospects of the plastics sector in India owing to the huge share of packaging industry followed by rebounding construction industry in India after the RERA, an act was passed by Indian Parliament in 2017.

India Sustainable Polymers Market Segmentation

By Types of Polymers

• Cellulosic plastics
• Polylactides (PLA)
• Starch-plastics
• Soy-plastics
• Phenol plastics

By Extraction Material

• Polymers obtained from Phenolic materials (seed, fibre, shell, wood, bagasse)
• Polymers obtained from Lactic Acid
• Polymers obtained from Alcohols
  • Vegetable Oils – soybean oil, mustard oil, castor oil 
  • Glycerol
• Polymers obtained using CO2 (Corn Stover)

By Application

• Packaging
• Fibers
• Cosmetics
• Agriculture seed coatings
• Automotive interior parts
• Others (medical implants)

By End-User

• Food and Beverages
• Automotive Industry
• Healthcare
• Agriculture
• Chemicals industry
• Semiconductor & Electronics

Based on Geography

• Tier- I Cities Sustainable polymer Market {Market Share (%), Market Size (USD Billion)}
• Tier- II Cities Sustainable polymer Market {Market Share (%), Market Size (USD Billion)}
• Tier- III Cities Sustainable polymer Market {Market Share (%), Market Size (USD Billion)}

Market Share by Applications & Geography

On the basis of application, packaging industry had the largest market share of 54.1% in 2017. Increasing share of organized retail and adaptation of technology oriented initiatives is driving the growth packaging industry. This growth has opened the doors for sustainable polymers market by using the green chemistry initiatives.

Geographically, tier-1 cities account for larger sustainable environment initiatives opening up space for adapting sustainable polymers. Teir-1 cities has 44.3% market share in the use of sustainable polymers made products. Teir-2 cities being rich in availability of resources such as raw material and labor attracts setting up of sustainable polymer manufacturing plants. Tier-2 cities have 59.7% market share in the manufacturing of sustainable polymers.

India Sustainable Polymers - Market Trends, Drivers and Challenges

Biopolymers are in trend making polymers entirely from tapioca and vegetable starches. These innovations has also made edible plastic cutlery made from rice, wheat and sorghum as the primary ingredient. This has reduced the use of plastic cutlery and henceforth decreasing pollution from its disposal and contributing to ecological balance.

Sustainable polymers market is witnessing growth driven by the application of green chemistry to produce green and natural polymers and the new methods for producing various polymers. Green chemistry designs products and processes them in a manner that minimizes the use of harmful substances and thus open areas for development of sustainable polymers such as green chemistry that can eliminate the use of Bisphenol A, an important raw material, for the production of polycarbonates. Cows in India are the holy animal but due to non-degradation of synthetic polymers around 30 kg of plastics have been found in guts of cows in the country.   

Further, the major challenge for the sustainable polymers market is the physical properties such as toughness, color, melting temperature and elasticity. These physical properties are far better in existing traditional polymers with an advantage of being cost effective.

Covered In This Global Sustainable Polymers Market Report

The report covers the present ground scenario and the future growth prospects of the India sustainable polymers market for 2017-2030 along with the import and export data of sustainable polymers. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of sustainable polymers across the region.

Sustainable polymers market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the sustainable polymers market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. India sustainable polymers market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Players

India sustainable polymers market report comprises of the following companies as the key players in the sustainable polymers market: Solvay, Danimer Scientific, DuPont, Cereplast, Makevale group, Excelex biopolymers pvt ltd, Sanstar biopolymer ltd, Roy research and technology, SKYI composites pvt ltd.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India Sustainable Polymers Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of sustainable polymers market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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