PUBLISHER: Grand View Research | PRODUCT CODE: 1609624
PUBLISHER: Grand View Research | PRODUCT CODE: 1609624
The global bio-based polyurethane market size is estimated to reach USD 64,596.15 thousand by 2030, registering a CAGR of 8.99% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing awareness among consumers, environmental concerns, and stringent government regulations are contributing to the increased use of bio-based plastics and in turn, driving the growth of the bio-based polyurethane industry.
Bio-based polyurethane is bio-sourced and breaks down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they remain a preferred option over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.
Moreover, bio-based polyurethane is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost their demand over the forecast period. Bio-based polyurethane is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as they are bio-based, compostable, and biodegradable.
Bio-based polyurethane is widely used in automotive applications such as seat cushions, seat backs, armrests, head restraints, and others. Increasing environmental concerns and the inclination of consumers toward sustainable products are pushing automotive manufacturers toward the adoption of bio-based polyurethane in automotive applications. For instance, Ford Motor Company, one of the leading global automobile manufacturers, is using bio-based polyurethane in the above-mentioned automobile applications.