What is the global market size of Bio Plasticizers Market?

Bio Plasticizers Market size was valued at USD 1.97 billion in 2021 and is poised to grow from USD 2.07 billion in 2022 to USD 2.98 billion by 2030, at a CAGR of 5.30% during the forecast period (2023-2030).

What is the key market trend for Global Bio Plasticizers Market?

Traditional phthalate-based plasticizers have been associated with several health hazards, which has led to the banning or restriction of their use in several countries. Bio plasticizers are considered safer and healthier alternatives to phthalate-based plasticizers, and their adoption is increasing rapidly.

Bio Plasticizers Market Size, Share, Growth Analysis, By Application(Packaging Materials, Consumer Goods), By Type(Epoxidized Soybean Oil, Castor Oil) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Bio Plasticizers Market?

Due to the volatility of these material prices on the global market, it is difficult for most manufacturers to earn significant profit margins because they are vulnerable to commodity and energy prices as well as the costs of critical raw materials. Businesses frequently have backup plans in place, including portfolio consolidation, organizational reorganization, momentary production halts, and other business measures, in case there are indications of a wider turndown and inventory building. 'DuPont de Nemours, Inc. (USA)', 'BASF SE (Germany)', 'Eastman Chemical Company (USA)', 'Arkema S.A. (France)', 'Evonik Industries AG (Germany)', 'Lanxess AG (Germany)', 'Dow Inc. (USA)', 'PolyOne Corporation (USA)', 'Bioamber Inc. (Canada)', 'Emery Oleochemicals LLC (Malaysia)', 'Danisco A/S (Denmark)', 'Vertellus Holdings LLC (USA)', 'Perstorp Holding AB (Sweden)', 'Myriant Corporation (USA)', 'Corbion NV (Netherlands)', 'Jungbunzlauer Suisse AG (Switzerland)', 'Polynt Composites Inc. (Italy)', 'Shandong Yuanli Science and Technology Co., Ltd. (China)', 'KLJ Group (India)', 'Solvay SA (Belgium)', 'Mitsubishi Chemical Corporation (Japan)', 'Meredian Holdings Group Inc. (USA)'

Report ID: SQMIG15E2189 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 65 | Figures: 77

Bio Plasticizers Market News

In March 2024, Baerlocher USA, a division of the Baerlocher Group, a main global supplier of plastics added substances, and Innoleics, a US-based innovator in bio-based plasticizers, unveiled a new partnership agreement. According to the agreement, Baerlocher USA is the exclusive wholesaler of Innoleics' complete range of bio-based plasticizers customized for the U.S. market for adaptable polyvinyl chloride (PVC) applications.
In October 2023, LANXESS declared the availability of its plasticizer Mesamoll with a considerably reduced product carbon footprint (PCF). While keeping up with the standard item quality, clients can now partake in the additional benefit of an improved maintainability profile.
In May 2023, Origin Materials, Inc., a worldwide leader in carbon-negative materials, and Indorama Ventures Public Company Limited, the world's biggest maker of virgin and reused PET resins, uncovered a strategic partnership to facilitate the huge-scale creation of bio-based materials.

Bio Plasticizers Market Report Snapshots

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Bio Plasticizers Market size was valued at USD 2.07 billion in 2022 and is poised to grow from USD 2.18 billion in 2023 to USD 3.29 billion by 2031, at a CAGR of 5.30% during the forecast period (2024- 2031).

Due to the volatility of these material prices on the market, it is difficult for most manufacturers to earn significant profit margins because they are vulnerable to commodity and energy prices as well as the costs of critical raw materials. Businesses frequently have backup plans in place, including portfolio consolidation, organizational reorganization, momentary production halts, and other business measures, in case there are indications of a wider turndown and inventory building. 'DuPont de Nemours, Inc. (USA)', 'BASF SE (Germany)', 'Eastman Chemical Company (USA)', 'Arkema S.A. (France)', 'Evonik Industries AG (Germany)', 'Lanxess AG (Germany)', 'Dow Inc. (USA)', 'PolyOne Corporation (USA)', 'Bioamber Inc. (Canada)', 'Emery Oleochemicals LLC (Malaysia)', 'Danisco A/S (Denmark)', 'Vertellus Holdings LLC (USA)', 'Perstorp Holding AB (Sweden)', 'Myriant Corporation (USA)', 'Corbion NV (Netherlands)', 'Jungbunzlauer Suisse AG (Switzerland)', 'Polynt Composites Inc. (Italy)', 'Shandong Yuanli Science and Technology Co., Ltd. (China)', 'KLJ Group (India)', 'Solvay SA (Belgium)', 'Mitsubishi Chemical Corporation (Japan)', 'Meredian Holdings Group Inc. (USA)'

There is a growing demand for eco-friendly and sustainable plasticizers due to increasing environmental concerns and regulations. Bio plasticizers are derived from renewable sources, such as plant oils and vegetable fats, and are considered to be more sustainable than traditional petroleum-based plasticizers.

Asia-Pacific is expected to be the dominant segment in the bio plasticizers market in 2021, driven by the growing demand for sustainable products and the presence of a large number of manufacturers in the region. It is projected that a high level of urbanization and rapid industrialization will accelerate market growth nationwide. Additionally, the demand for products in the region is boosted by the increased use of bio-based packaging material products in developing nations.

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Bio Plasticizers Market Size, Share, Growth Analysis, By Application(Packaging Materials, Consumer Goods), By Type(Epoxidized Soybean Oil, Castor Oil) - Industry Forecast 2024-2031

Bio Plasticizers Market News

Bio Plasticizers Market Report Snapshots

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What is the market size of Bio Plasticizers Market?

Who are the key vendors in the Bio Plasticizers Market?

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What is the key market trend for Bio Plasticizers Market?

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