Limonene Polymers Market Size & Share, by Type (Lemon-based polymer, Orange-based polymer, Pineapple-based polymer, Others); Application (Electronics, Healthcare, Packaging, Textile, Agriculture, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5637
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Limonene Polymers Market size is estimated to reach USD 50 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of limonene polymers was USD 30 Billion. The main driver for the market's growth over recent years has been global emphasis on sustainable and eco sensitive practices. Industry is actively looking for alternatives that are compatible with green initiatives, as the detrimental environmental effects of traditional plastics become increasingly apparent.

To that end, limonene polymers are a promising solution particularly with regard to the sustainable packaging sector. Increased awareness of environmental issues and increasing consumer preference for products that demonstrate commitment to environmentally sound practices are driving the surge in demand for sustainability packaging. Limonene, produced from oranges, constitutes a natural source of energy and is one of the main players in efforts to promote sustainable alternatives. The report forecasts that by 2027, the global sustainable packaging industry will grow by 5.7%.

Additionally, limonene polymer’s biodegradable nature, it is likely to be used in the sustainable packaging industry. limonene based polymers are more easily broken down than conventional plastics that contribute to long lasting environmental pollution, which minimizes the ecological footprint associated with waste packaging, thus contributing to the market’s growth.


Limonene Polymers Market
Get more information on this report: Request Free Sample PDF

Limonene Polymers Sector: Growth Drivers and Challenges

Growth Drivers

  • Increased focus on circular economy initiatives - The limonene polymers market is witnessing a significant boost due to the global emphasis on circular economy initiatives. Governments, industries, and consumers are recognizing the importance of recycling and reducing waste. Limonene-based polymers, derived from citrus fruits, align with this circular economy vision.

    The biodegradability and recyclability of these polymers contribute to the creation of a closed-loop system, reducing environmental impact and fostering a sustainable approach to polymer usage. As of 2020, it was reported that only 14% of plastic packaging is collected for recycling globally, highlighting the urgency for sustainable alternatives.
  • Expansion of end-use industries utilizing limonene polymers - Limonene polymers are finding increased adoption across diverse end-use industries, contributing to the market's expansion. Industries such as packaging, automotive, and textiles are incorporating these polymers into their manufacturing processes to enhance sustainability and reduce environmental impact. The versatility of limonene polymers, coupled with their desirable properties, positions them as a preferred choice in multiple applications, driving growth across various sectors. The adoption of these polymers in such key industries underscores their versatility and market penetration.
  • Collaboration and partnerships for sustainable supply chains - Collaborations and partnerships along the supply chain are acting as catalysts for the limonene polymers market. Companies are joining forces to create sustainable ecosystems, from raw material sourcing to end-product manufacturing. Limonene-based polymers fit into this narrative as key contributors to sustainable supply chains.

    Collaborative efforts between suppliers, manufacturers, and end-users are driving the integration of these polymers into a wide array of products, fostering market growth. This increasing consumer expectation is driving businesses to forge partnerships that prioritize sustainable practices, providing an opportunity for the incorporation of limonene polymers into collaborative, eco-friendly supply chains.

Challenges

  • Scale of production - Scaling up the production of limonene polymers to meet commercial demands remains a significant challenge. The reliance on citrus fruit peels as the primary source of limonene poses limitations on the scalability of production. Addressing this challenge requires innovative and efficient extraction methods and agricultural practices to ensure a sustainable and consistent supply of raw materials.

    The cost competitiveness of limonene polymers compared to traditional petroleum-based polymers is a critical hurdle. While the demand for sustainable solutions is growing, the economic feasibility of large-scale adoption depends on achieving cost parity with conventional polymers. Innovations in production processes and economies of scale will be essential to overcome this challenge. Due to the above mentioned factors, the market will have slow growth in the upcoming years.
  • Cost Competitiveness
  • Material Performance and Durability

Limonene Polymers Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~9%

Base Year Market Size (2023)

~ USD 30 Billion

Forecast Year Market Size (2036)

~ USD 50 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Limonene Polymers Segmentation

Type (Lemon-based polymer, Orange-based polymer, Pineapple-based polymer, Others )

In limonene polymers market, orange-based poymer segment is likely to dominate around 42% share by the end of 2036. The segment growth can be attributed to its application in various end-use industries like construction, automotive, packaging. In the packaging industry, orange-based polymers can be used to produce biodegradable and compostable packaging materials, reducing the environmental impact of plastic waste.

The construction industry can use these polymers as an eco-friendly alternative to traditional petroleum-based polymers in adhesives, coatings, and insulation materials. These polymers may also be used by the automotive industry to produce lightweight, high performance materials for vehicle interiors and exteriors. As the demand of orange-based polymers is anticipated to increase significantly over this period, given that they offer an exceptional advantage in comparison with a number of biodegradable polymers like their abundance and lower cost.

Application (Electronics, Healthcare, Packaging, Textile, Agriculture, Others)

The packaging segment is set to garner a significant share in the year 2036. These polymers are easily broken down by microorganisms  into natural products such as water, biomass, and carbon dioxide, owing to   such feature, these polymers become an attractive option for packaging materials, replacing non-biodegradable materials, that contribute to  environmental pollution.

In addition, there is a growing demand in different sectors such as food and beverage for sustainability and bioplastic packaging solutions. In food contact applications, biodegradable polymers like limonene polymers can be used safely and provide benefits including extended shelf life and better food safety. All these factors culminatively add to the market’s growth.

Our in-depth analysis of the market includes the following segments:

          Type

  • Lemon-based polymer
  •  Orange-based polymer
  •  Pineapple-based polymer
  •  Others

          Application

  • Electronics
  •  Healthcare
  •  Packaging
  •  Textile
  •  Agriculture
  •  Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Limonene Polymers Industry - Regional Synopsis

APAC Market Statistics

By 2036, Asia Pacific region is projected to account for around 39% limonene polymers market share. The market growth in the region is also expected on account of expansion in the pharmaceutical and personal care industries. Rising demand for limonene polymer in end-industries in both developed and developing economies such as china and India is estimated to fuel the demand for limonene polymers and help expand market size. Companies are likely to establish R&D centers in countries such as India due to easy availability of land and labour.

Furthermore, the region has seen a notable increase in environmental awareness, promting governments to implement initiatives aimed at reducing plastic pollution. Eco-friendly substitutes such as limonene polymers are becoming more popular. China's government has implemented a ban on single-use plastics in key cities, resulting in the annual generation of approximately 46 million tons of plastic garbage, demonstrating the region's intent to slow down environmental damage. The production, distribution, consumption and recycling of single use plastics shall be prohibited in China from 2025. Also, as consumers become more environmentally conscious, the demand for products packaged with sustainable materials, such as limonene polymers, in on the rise.

North American Market Analysis

The North American region will also register huge growth for the limonene polymers market over the projected timeframe and will hold the second position owing to environmental awareness and supportive government policies aimed at reducing plastic waste. The region's commitment to reducing the environmental impact of plastic waste is reflected in bans on single use plastics and regulations promoting sustainable materials in states such as California.

Consumers in North America are increasingly aware of environmental issues and are actively seeking eco-friendly alternatives. The demand for products with minimal environmental impact, including those with sustainable packaging made from limonene polymers, has risen significantly.

Additionally, in a survey conducted in 2019, it was found that 73% of North American consumers are willing to change their consumption habits to reduce their environmental impact. This highlights how consumers strongly choose environmentally friendly products, which makes the market for limonene polymers advantageous. Sustainability objectives are becoming a common feature of business plans for many North American organizations. All these factors collectively propel the limonene polymers market’s growth.

Research Nester
Limonene Polymers Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Limonene Polymers Landscape

    • Green Dot Bioplastics Inc 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • NatureWorks LLC
    • Danimer Scientific
    • Biome Bioplastics Limited.
    • BASF SE
    • Braskem S.A.
    • TotalEnergies Company
    • Corbion NV
    • Huntsman International LLC

In the News

  • NatureWorks LLC has introduced Ingeo 6500D for nonwovens, which enhances the performance characteristics of Ingeo biopolymer in hygiene applications. Combining the new Ingeo solution with enhanced hydrophilic surface finish technology results in increased softness, strength, and fluid management. Ingeo 6500D is a low-carbon, bio-based, certified renewable resource material that also satisfies customer and brand demand for products created from more sustainable resources.
  • Braskem S.A. has started getting feedstocks from Shell Chemicals that are bio-attributed and bio-circular, derived from a mass balancing technique and independently verified by an external entity. 
  • Braskem plans to employ these feedstocks in order to produce bio-attributed and bio-circular polypropylene, which will provide more environmentally friendly solutions to meet the increasing demands of the packaging, film, automotive, and consumer goods industries.

Author Credits:  Rajrani Baghel


  • Report ID: 5637
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of limonene polymers was over USD 30 billion.

The market size for limonene polymers is projected to cross USD 50 billion by the end of 2036 expanding at a CAGR of 9% during the forecast period i.e., between 2024-2036.

The major players in the market are market Green Dot Bioplastics Inc., NatureWorks LLC, Danimer Scientific, Biome Bioplastics Ltd., BASF SE, Braskem S.A., and others.

In terms of type, the orange-based polymers segment is anticipated to account for the largest market share of 42% during 2024-2036.

In the year 2023, the industry size of limonene polymers was over USD 30 billion.
Limonene Polymers Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample