Bio-Based Materials Market Forecasts to 2030 – Global Analysis By Type (Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), Bio-Polycarbonate, Bio-Polyamides, Bio-Polypropylene (PP) and Other Types), Application and by Geography

Bio-Based Materials Market Forecasts to 2030 – Global Analysis By Type (Bio-Based Polyethylene Terephthalate (PET), Bio-Based Polyethylene (PE), Bio-Polycarbonate, Bio-Polyamides, Bio-Polypropylene (PP) and Other Types), Application and by Geography


According to Stratistics MRC, the Global Bio-Based Materials Market is accounted for $39.73 billion in 2024 and is expected to reach $138.26 billion by 2030 growing at a CAGR of 23.1% during the forecast period. Bio-based materials are an environmentally friendly substitute for conventional petroleum-based materials because they are derived from renewable biological resources like plants, animals, and microorganisms. Because they contribute to the circular economy, decrease carbon emissions, and lessen dependency on fossil fuels, these materials are essential for advancing sustainability. Moreover, they are used to make natural fibers, biodegradable plastics, biocomposites, and other cutting-edge products in a variety of industries, such as textiles, construction, automotive, and packaging.

According to the European Bioplastics Association, the global production capacity of bio-based plastics is expected to increase significantly in the coming years, driven by growing consumer demand and advances in bio-based technologies.

Market Dynamics:

Driver:

Demand from customers for green products

The market is changing as a result of the growing number of environmentally conscious consumers choosing sustainable, morally, and environmentally friendly products. Companies are incorporating bio-based materials into a range of products, including clothing, personal care items, and packaging, as a result of the shift in consumer preferences. Additionally, by utilizing these materials, brands can set themselves apart in a crowded market and appeal to an increasing number of customers who place a high value on sustainability.

Restraint:

Elevated production expenses

The higher production cost of bio-based materials in comparison to conventional materials is one of the main barriers to the market. Costly specialized equipment and cutting-edge technologies are frequently needed for the extraction and refinement of bio-based materials. Furthermore, certain crops or organic waste may not always be readily available as raw materials for bio-based products, or they may require a substantial investment in agricultural practices. Because consumers frequently pay the higher costs, bio-based products lose out in markets where consumers are price-sensitive.

Opportunity:

Growing consumer interest in eco-friendly products

The increasing demand from consumers for sustainable and environmentally friendly products presents a big opportunity for bio-based materials as environmental awareness rises. Customers now prefer products that are recyclable, biodegradable, and made from renewable resources because they are more aware of how their purchases affect the environment. Due to their preference for sustainability and ethical issues when making purchases, younger generations are especially strong supporters of this trend. Moreover, companies can capitalize on this demand by introducing eco-friendly substitutes that are consistent with consumer values and by using bio-based materials in their products.

Threat:

Rivalry with conventional materials

Bio-based materials continue to face fierce competition from well-established conventional materials, especially petroleum-based plastics and other synthetic materials, despite the growing interest in them. These conventional materials are well-established in the market, have a long history of use, and have robust supply chains and economies of scale. They are the go-to option in many industries because they frequently provide better performance qualities like increased durability, thermal resistance, and cost-effectiveness. Additionally, the widespread adoption of bio-based alternatives is still significantly hampered by the lower cost of conventional materials, which are the result of mass production and well-established technologies.

Covid-19 Impact:

The market for bio-based materials saw conflicting effects from the COVID-19 pandemic. Delays and higher costs resulted from production and distribution being temporarily hampered by labor shortages, supply chain disruptions, and decreased industrial activity. The market was growing more slowly because many businesses postponed investments in green technologies due to the unpredictability of the economy. However, the pandemic contributed to a greater global consciousness of environmental and sustainability issues, which in turn raised the demand for eco-friendly materials, particularly in industries where sustainability and hygienic practices are critical, such as packaging and healthcare.

The Bio-Based Polyethylene Terephthalate (PET) segment is expected to be the largest during the forecast period

In the market for bio-based materials, the segment with the largest share is bio-based polyethylene terephthalate (PET). Because of its exceptional durability, recyclability, and compatibility with the current PET recycling infrastructure, bio-based PET is widely used in the packaging industry, particularly for beverage bottles, food containers, and other consumer goods. The market for bio-based PET has expanded as well-known companies look to lessen their environmental effect by using sustainable materials without sacrificing the quality of their products. Moreover, bio-based PET's dominance in the bio-based materials market can be attributed to its versatility as well as the strong demand from consumers and regulations for sustainable packaging solutions.

The Building and Construction segment is expected to have the highest CAGR during the forecast period

The Building and Construction segment in the Bio-Based Materials Market is anticipated to exhibit the highest CAGR. The growing need for environmentally friendly and sustainable building materials, which are in line with global trends toward energy efficiency and green construction, is what is propelling the growth of this industry. The performance and sustainability of construction products are being improved by innovations in bio-based materials, such as those derived from natural fibers, bioplastics, and recycled organic materials. Furthermore, this trend is a reflection of a larger commitment to lessening the impact of construction projects on the environment and complying with laws requiring greener building methods.

Region with largest share:

The market for bio-based materials is anticipated to hold the largest share in the Asia-Pacific region. Rapid industrialization, expanding automotive and construction industries, and rising consumer awareness of sustainable products in important nations like China and India are the main causes of this dominance. The region is well-positioned to lead the market owing to its broad manufacturing capabilities and government policies that support green technologies. Additionally, Asia-Pacific is expected to hold a sizable portion of the market as long as there is a continued demand for environmentally friendly materials and technological advancements.

Region with highest CAGR:

The bio-based materials market is anticipated to grow at the highest CAGR in the Latin America region. Growing investment in sustainable technologies, growing environmental awareness, and encouraging government programs to lessen carbon footprints are the main drivers of this growth. The region's fast market expansion is attributed to a number of factors, including a growing consumer base seeking eco-friendly products, a favorable economy, and an increasing emphasis on the agricultural and industrial applications of bio-based materials. Furthermore, Latin America is positioned for significant growth in the bio-based materials industry as it continues to embrace sustainability.

Key players in the market

Some of the key players in Bio-Based Materials market include BASF SE, Clariant AG, Solvay, DSM, Braskem S.A, Sumitomo Chemical, Mitsubishi Chemical Corporation, Dow Chemical Company, Covestro, PepsiCo Inc, DuPont de Nemours Inc, Toray Industries, Inc, Coca-Cola Company, Evonik Company and Teijin Limited.

Key Developments:

In July 2024, BASF and ENGIE signed a 7-year Biomethane Purchase Agreement (BPA). Under the BPA, ENGIE will supply BASF with 2.7 to 3.0 terawatt hours of biomethane throughout the term of the agreement. BASF uses certified biomethane at its Ludwigshafen/Germany and Antwerp/Belgium sites as a sustainable alternative to fossil raw materials in its manufacturing process.

In June 2024, Solvay S.A. and Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, announced the signing of an agreement for the supply of recycled mixed rare earth oxide (rMREO) from Cyclic Materials to Solvay, with shipments to begin in late 2024.

In March 2024, Clariant, a sustainability-focused specialty chemical company, and its process partner Lummus Technology have been selected by Huizhou Boeko Materials Co. Ltd., to provide their CATOFIN catalyst and process technology for the dehydrogenation of isobutane at the new plant in Huizhou City, China.

Types Covered:
• Bio-Based Polyethylene Terephthalate (PET)
• Bio-Based Polyethylene (PE)
• Bio-Polycarbonate
• Bio-Polyamides
• Bio-Polypropylene (PP)
• Other Types

Applications Covered:
• Automotive and Transportation
• Electrics and Electronics
• Flexible Packaging
• Textiles
• Building and Construction
• Consumer Goods
• Rigid Packaging
• Agriculture
• Glass Components
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bio-Based Materials Market, By Type
5.1 Introduction
5.2 Bio-Based Polyethylene Terephthalate (PET)
5.3 Bio-Based Polyethylene (PE)
5.4 Bio-Polycarbonate
5.5 Bio-Polyamides
5.6 Bio-Polypropylene (PP)
5.7 Other Types
6 Global Bio-Based Materials Market, By Application
6.1 Introduction
6.2 Automotive and Transportation
6.3 Electrics and Electronics
6.4 Flexible Packaging
6.5 Textiles
6.6 Building and Construction
6.7 Consumer Goods
6.8 Rigid Packaging
6.9 Agriculture
6.10 Glass Components
6.11 Other Applications
7 Global Bio-Based Materials Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 BASF SE
9.2 Clariant AG
9.3 Solvay
9.4 DSM
9.5 Braskem S.A
9.6 Sumitomo Chemical
9.7 Mitsubishi Chemical Corporation
9.8 Dow Chemical Company
9.9 Covestro
9.10 PepsiCo Inc
9.11 DuPont de Nemours Inc
9.12 Toray Industries, Inc
9.13 Coca-Cola Company
9.14 Evonik Company
9.15 Teijin Limited
List of Tables
Table 1 Global Bio-Based Materials Market Outlook, By Region (2022-2030) ($MN)
Table 2 Global Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 3 Global Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 4 Global Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 5 Global Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 6 Global Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 7 Global Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 8 Global Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 9 Global Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 10 Global Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 11 Global Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 12 Global Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 13 Global Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 14 Global Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 15 Global Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 16 Global Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 17 Global Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 18 Global Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 19 Global Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Table 20 North America Bio-Based Materials Market Outlook, By Country (2022-2030) ($MN)
Table 21 North America Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 22 North America Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 23 North America Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 24 North America Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 25 North America Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 26 North America Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 27 North America Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 28 North America Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 29 North America Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 30 North America Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 31 North America Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 32 North America Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 33 North America Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 34 North America Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 35 North America Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 36 North America Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 37 North America Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 38 North America Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Table 39 Europe Bio-Based Materials Market Outlook, By Country (2022-2030) ($MN)
Table 40 Europe Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 41 Europe Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 42 Europe Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 43 Europe Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 44 Europe Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 45 Europe Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 46 Europe Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 47 Europe Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 48 Europe Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 49 Europe Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 50 Europe Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 51 Europe Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 52 Europe Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 53 Europe Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 54 Europe Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 55 Europe Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 56 Europe Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 57 Europe Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Table 58 Asia Pacific Bio-Based Materials Market Outlook, By Country (2022-2030) ($MN)
Table 59 Asia Pacific Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 60 Asia Pacific Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 61 Asia Pacific Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 62 Asia Pacific Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 63 Asia Pacific Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 64 Asia Pacific Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 65 Asia Pacific Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 66 Asia Pacific Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 67 Asia Pacific Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 68 Asia Pacific Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 69 Asia Pacific Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 70 Asia Pacific Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 71 Asia Pacific Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 72 Asia Pacific Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 73 Asia Pacific Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 74 Asia Pacific Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 75 Asia Pacific Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 76 Asia Pacific Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Table 77 South America Bio-Based Materials Market Outlook, By Country (2022-2030) ($MN)
Table 78 South America Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 79 South America Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 80 South America Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 81 South America Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 82 South America Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 83 South America Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 84 South America Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 85 South America Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 86 South America Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 87 South America Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 88 South America Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 89 South America Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 90 South America Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 91 South America Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 92 South America Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 93 South America Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 94 South America Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 95 South America Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)
Table 96 Middle East & Africa Bio-Based Materials Market Outlook, By Country (2022-2030) ($MN)
Table 97 Middle East & Africa Bio-Based Materials Market Outlook, By Type (2022-2030) ($MN)
Table 98 Middle East & Africa Bio-Based Materials Market Outlook, By Bio-Based Polyethylene Terephthalate (PET) (2022-2030) ($MN)
Table 99 Middle East & Africa Bio-Based Materials Market Outlook, By Bio-Based Polyethylene (PE) (2022-2030) ($MN)
Table 100 Middle East & Africa Bio-Based Materials Market Outlook, By Bio-Polycarbonate (2022-2030) ($MN)
Table 101 Middle East & Africa Bio-Based Materials Market Outlook, By Bio-Polyamides (2022-2030) ($MN)
Table 102 Middle East & Africa Bio-Based Materials Market Outlook, By Bio-Polypropylene (PP) (2022-2030) ($MN)
Table 103 Middle East & Africa Bio-Based Materials Market Outlook, By Other Types (2022-2030) ($MN)
Table 104 Middle East & Africa Bio-Based Materials Market Outlook, By Application (2022-2030) ($MN)
Table 105 Middle East & Africa Bio-Based Materials Market Outlook, By Automotive and Transportation (2022-2030) ($MN)
Table 106 Middle East & Africa Bio-Based Materials Market Outlook, By Electrics and Electronics (2022-2030) ($MN)
Table 107 Middle East & Africa Bio-Based Materials Market Outlook, By Flexible Packaging (2022-2030) ($MN)
Table 108 Middle East & Africa Bio-Based Materials Market Outlook, By Textiles (2022-2030) ($MN)
Table 109 Middle East & Africa Bio-Based Materials Market Outlook, By Building and Construction (2022-2030) ($MN)
Table 110 Middle East & Africa Bio-Based Materials Market Outlook, By Consumer Goods (2022-2030) ($MN)
Table 111 Middle East & Africa Bio-Based Materials Market Outlook, By Rigid Packaging (2022-2030) ($MN)
Table 112 Middle East & Africa Bio-Based Materials Market Outlook, By Agriculture (2022-2030) ($MN)
Table 113 Middle East & Africa Bio-Based Materials Market Outlook, By Glass Components (2022-2030) ($MN)
Table 114 Middle East & Africa Bio-Based Materials Market Outlook, By Other Applications (2022-2030) ($MN)

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