Bio-Plasticizer Market: Trends, Forecast and Competitive Analysis [2024-2030]

Bio-Plasticizer Market Trends and Forecast

The future of the global bio-plasticizer market looks attractive with opportunities in the packaging, medical device, consumer goods, wire & cable, and building & construction industries. The global bio-plasticizer market is expected to reach an estimated $3.4 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increasing demand for PVC, growing need for non-toxic alternative for phthalates plasticizer, stringent environment regulations, and increasing health concern.

A total of 132 figures / charts and 103 tables are provided in this 201-page report to help in your business decisions. A sample figure with insights is shown below.

Bio-Plasticizer Market by Segment

In this market, packaging materials is the largest end use, whereas ESBO is largest in product type. Growth in various segment of the bio-plasticizer market are given below:

The study includes trends and forecast for the global bio-plasticizer market by material, by end use industry, and region as follows:

By Material Type [Kilotons and $M shipment analysis from 2018 to 2030]:

• ESBO
• Citrates
• Castor Oil
• Succinic Acid
• Others

By End Use Industry [Kilotons and $M shipment analysis from 2018 to 2030]:

• Packaging Materials
• Medical Devices
• Consumer Goods
• Wire & Cables
• Building and Construction
• Others

By Region [Kilotons and $M shipment analysis for 2018 to 2030]:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
• Asia Pacific
  • Japan
  • China
  • South Korea
  • India
• The Rest of the World

List of Bio-Plasticizer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bio-plasticizer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio-plasticizer companies profiled in this report includes.

• Dow Chemical
• Evonik Industries
• Solvay
• Lanxess
• Polyone
• Danisco
• Emery Oleochemicals
• Matrica
• Myriant Corporation
• Hebei Plasticizers
• Jiangxi East Huge Dragon Chemical
• Vertellus Specialties Inc.

Bio-Plasticizer Market Insight

• Lucintel forecasts that ESBO will remain the largest material and it is the expected to witness the highest growth over the forecast period with growth in packaging materials, medical devices, consumer goods, and ban or restriction on phthalate plasticizer expected to driver the demand for bio-plasticizer.
• Packaging materials will remain the largest end use industries and it is also expected to witness highest growth during the forecast period supported by increasing demand in the food and beverages, household products, personal care, and pharmaceuticals packaging.
• Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by increasing demand for PVC plastic in construction, automotive, packaging, food and medical end use market in emerging countries, such as China and India.

Features of Bio-Plasticizer Market

• Market Size Estimates: Bio-plasticizer market size estimation in terms of volume (kilotons) and value ($M) shipment.
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by various segments, such as material, end use industry, and regions in terms of value and volume.
• Regional Analysis: Bio-plasticizer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use industries, material, and regions for the bio-plasticizer market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the bio-plasticizer market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the bio-plasticizer market size?

Answer:The global bio-plasticizer market is expected to reach an estimated $2.3 billion by 2027.

Q2. What is the growth forecast for bio-plasticizer market?

Answer:The bio-plasticizer market is expected to grow at a CAGR of 7.7% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the bio-plasticizer market?

Answer: The major drivers for this market are increasing demand for PVC, growing need for non-toxic alternative for phthalates plasticizer, stringent environment regulations, and increasing health concern.

Q4. What are the major end use industry and applications for bio-plasticizer?

Answer:Packaging will remain the largest end use industry and it is also expected to witness the highest growth during the forecast period supported by increasing demand for eco-friendly plastics in the food and beverages, household products, personal care, and pharmaceutical packaging.

Q5. Who are the key bio-plasticizer companies?

Answer:Some of the key bio-plasticizer companies are as follows:

• Dow Chemical
• Evonik Industries
• Solvay
• Lanxess
• Polyone
• Danisco
• Emery Oleochemicals
• Matrica
• Myriant Corporation
• Hebei Plasticizers
• Jiangxi East Huge Dragon Chemical
• Vertellus Specialties Inc.

Q6.Which bio-plasticizer material segment will be the largest in future?

Answer: Lucintel forecasts that ESBO based bio-plasticizer will remain the largest material type and it is also expected to witness the highest growth over the forecast period due to restriction on phthalate plasticizer, ease of availability, and growth in packaging materials, medical devices, and consumer goods.

Q7: In bio-plasticizer market, which region is expected to be the largest in next 5 years?

Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.

Q8. Do we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1 What are some of the most promising, high-growth opportunities for the global bio-plasticizer market by material type (ESBO, citrates, castor oil, succinic acid, and others), end use industry (packaging materials, medical devices, consumer goods, wires & cables, building & construction, flooring and walls, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
• Q. 2 Which segments will grow at a faster pace and why?
• Q.3 Which regions will grow at a faster pace and why?
• Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
• Q.5 What are the business risks and threats to the market?
• Q.6 What are the emerging trends in this market and the reasons behind them?
• Q.7 What are the changing demands of customers in the market?
• Q.8 What are the new developments in the market? Which companies are leading these developments?
• Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
• Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11 What M & A activities have taken place in the last 5 years in this market?