The bio-based polyethylene market is estimated to grow to US$751.9 mln by 2019 at a CAGR 12.3%, as per MicroMarket Monitor. The packaging segment accounts the largest share of this market. Bio-based packaging is primarily used for manufacturing medical devices & equipment, automotive interior, electronic housing, and others. The use of bio-based packaging offers better value in terms of functionality, quality, and performance.
Technological advancements in hydraulic fracturing, which is one of the feedstock for ethylene, would give polyethylene a price advantage as compared to bio-based polyethylene resins. Due to this manufacturers prefer ethylene over bio-based ethylene, which in turn acts as the major drawback for bio- based polyethylene market.
The European bio-based polyethylene market was the largest in terms of volume in 2014. Various regulations restrict the use of petroleum-based products in this region, which promotes the use of bio-based feedstock to manufacture chemicals, thus making bio-based polyethylene a preferred choice in end-use applications. Due to the rising awareness of regarding harmful effects of petroleum-based products, consumers' choice is shifting towards bio-based products, which again acts as a driving factor for bio-based polyethylene market.
10-Jun-15 
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