Global Bio Plasticizers Market Size Study, by Product (Epoxidized Soybean Oil, Castor oil-based Plasticizers, Citrates, Succinic Acid, Others), by Application, and Regional Forecasts 2022-2032

Description

The Global Bio Plasticizers Market is valued at approximately USD 3.05 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.80% over the forecast period 2024-2032. Rising demand for bio-plasticizers from the global packaging industry is anticipated to boost market growth in the coming years. Additionally, surging demand for bio-plasticizers for manufacturing plastics utilized across the global textile industry is anticipated to fuel consumption of bio-plasticizers in the coming years. Furthermore, sustainable practices in plastic manufacturing are expected to positively impact the economy while promoting resource efficiency, waste reduction, and pollution, creating new opportunities for innovation and growth.

Growing sustainability concerns from plastic manufacturers and rising demand for eco-friendly plastics across end-users are preponderant for the bio plasticizers industry. Rising global concerns over climate change are increasing focal points over sustainability. Plastics are utilized across multiple industries such as packaging, healthcare, building & construction, logistics, aviation, textiles, and others, thereby increasing demand for sustainability in the long run in light of environmental and social impacts. In addition, sustainable practices in plastic manufacturing are expected to positively impact the economy while promoting resource efficiency, waste reduction, and pollution, and creating new opportunities for innovation and growth. However, High Cost of Procedures and Devices and Stringent Regulatory Landscapes are hindering the market growth in the forecast period 2024-2032.

The key regions considered for the Global Bio Plasticizers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. North America witnessed the highest market share of in 2023 owing to growing demand from the packaging industry in countries such as the U.S., Canada, and Mexico. Rising environmental concerns and a global attempt to reduce pollution are propelling demand for bio plasticizers in the packaging industry across the region. Certain key factors such as stringent government regulations and clean-up initiatives taken by the U.S. EPA, such as short-term cleanups of National Priorities List (NPL) sites, waste sites, or sites with the possibility of release of hazardous materials, are likely to drive regional demand for bio plasticizers in the coming years.

Major market players included in this report are:

Avient Corporation
BASF SE
Cargill, Incorporated
DIC Corporation
Dow, Inc.
Evonik Industries AG
LANXESS
Solvay
ACS Technical Products
Emery Oleochemicals
Matrica S.p.A.
Roquette Freres
Zhejiangjiaao Enprotech Stock Co., Ltd.
GRUPO PRINCZ IPASA
Jungbunzlauer Suisse Ag

The detailed segments and sub-segment of the market are explained below:

By Product:

Epoxidized Soybean Oil (ESBO)
Castor oil-based Plasticizers
Citrates
Succinic Acid
Others

By Application:

Packaging Materials
Consumer Goods
Automotive & Transport
Building & Construction
Textile
Agriculture & Horticulture
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Bio Plasticizers Market Executive Summary

1.1. Global Bio Plasticizers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Bio Plasticizers Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Bio Plasticizers Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Eco-Friendly Packaging
- 3.1.2. Expansion of Composting Infrastructure
- 3.1.3. Government Initiatives and Regulations
3.2. Market Challenges
- 3.2.1. High Cost of Bio Plasticizers
- 3.2.2. Stringent Regulatory Landscape
3.3. Market Opportunities
- 3.3.1. Development of Durable and Flexible Materials
- 3.3.2. Application of 3D Printing Technology
- 3.3.3. Emerging Markets with Increasing Healthcare Expenditures

Chapter 4. Global Bio Plasticizers Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Bio Plasticizers Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Bio Plasticizers Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Epoxidized Soybean Oil (ESBO)
- 5.2.2. Castor Oil-Based Plasticizers
- 5.2.3. Citrates
- 5.2.4. Succinic Acid
- 5.2.5. Others

Chapter 6. Global Bio Plasticizers Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Bio Plasticizers Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Packaging Materials
- 6.2.2. Consumer Goods
- 6.2.3. Automotive & Transport
- 6.2.4. Building & Construction
- 6.2.5. Textile
- 6.2.6. Agriculture & Horticulture
- 6.2.7. Others

Chapter 7. Global Bio Plasticizers Market Size & Forecasts by Region 2022-2032

7.1. North America Bio Plasticizers Market
- 7.1.1. U.S. Bio Plasticizers Market
  - 7.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Bio Plasticizers Market
  - 7.1.2.1. Product breakdown size & forecasts, 2022-2032
  - 7.1.2.2. Application breakdown size & forecasts, 2022-2032
- 7.1.3. Mexico Bio Plasticizers Market
  - 7.1.3.1. Product breakdown size & forecasts, 2022-2032
  - 7.1.3.2. Application breakdown size & forecasts, 2022-2032
7.2. Europe Bio Plasticizers Market
- 7.2.1. Germany Bio Plasticizers Market
- 7.2.2. UK Bio Plasticizers Market
- 7.2.3. France Bio Plasticizers Market
- 7.2.4. Italy Bio Plasticizers Market
- 7.2.5. Spain Bio Plasticizers Market
- 7.2.6. The Netherlands Bio Plasticizers Market
- 7.2.7. Rest of Europe Bio Plasticizers Market
7.3. Asia-Pacific Bio Plasticizers Market
- 7.3.1. China Bio Plasticizers Market
- 7.3.2. India Bio Plasticizers Market
- 7.3.3. Japan Bio Plasticizers Market
- 7.3.4. South Korea Bio Plasticizers Market
- 7.3.5. Indonesia Bio Plasticizers Market
- 7.3.6. Thailand Bio Plasticizers Market
- 7.3.7. Rest of Asia Pacific Bio Plasticizers Market
7.4. Latin America Bio Plasticizers Market
- 7.4.1. Brazil Bio Plasticizers Market
- 7.4.2. Argentina Bio Plasticizers Market
- 7.4.3. Rest of Latin America Bio Plasticizers Market
7.5. Middle East & Africa Bio Plasticizers Market
- 7.5.1. Saudi Arabia Bio Plasticizers Market
- 7.5.2. United Arab Emirates (UAE) Bio Plasticizers Market
- 7.5.3. South Africa Bio Plasticizers Market
- 7.5.4. Rest of Middle East & Africa Bio Plasticizers Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.2 Company 2
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Avient Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. BASF SE
- 8.3.3. Cargill, Incorporated
- 8.3.4. DIC Corporation
- 8.3.5. Dow, Inc.
- 8.3.6. Evonik Industries AG
- 8.3.7. LANXESS
- 8.3.8. Solvay
- 8.3.9. ACS Technical Products
- 8.3.10. Emery Oleochemicals
- 8.3.11. Matrica S.p.A.
- 8.3.12. Roquette Freres
- 8.3.13. Zhejiangjiaao Enprotech Stock Co., Ltd.
- 8.3.14. GRUPO PRINCZ IPASA
- 8.3.15. Goldstab Organics Pvt. Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes