India Biopolymer market size is projected to grow at a CAGR of 14.7% during 2024-2030F

In terms of application, packaging secured the highest revenue share in the India Biopolymer Market – 6Wresearch

In 2023, the packaging sector held the majority of revenue share in the India biopolymers market, by application, on account of government regulations like ban of single use plastics (SUP), consumer demand for eco-friendly and sustainable packaging solutions which prompted companies to switch to biopolymer-based packaging to meet consumer demands and enhance their brand image.

According to 6wresearch, India Biopolymer market size is projected to grow at a CAGR of 14.7% during 2024-2030F. India's food processing sector, growing at a CAGR of 15.2%, is projected to reach $535 Bn by 2025. The surge in the industry prompts a rising demand for eco-friendly food packaging like bioplastics, replacing conventional plastics to mitigate environmental impact. As per a report by the Boston Consulting Group (BCG), the sustainable fashion market in India is estimated to reach $9 billion by 2025 driven by the decision of fashion houses such as Lee Jeans, Stella McCartney to eliminate the use of pollution causing materials like polyester and replacing them with biopolymer derived fabrics. Hence, the India biopolymer market seems promising in the coming years.

According to Sumit, Senior Research Analyst, 6Wresearch, by region, the southern region has captured a significant portion and is projected to grow at the fastest rate compared to other regions. This growth is attributed to several factors, including the region's economic prosperity, and rapid urbanization, which drive higher demand for bio-polymers in the foreseeable future.

The India Biopolymer Market (2024-2030) report provides an in-depth analysis with 13 figures and 3 tables, covering 74 pages. The report comprehensively covers the market by product type, application and region. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.