Global Green and Bio-based Plastic Additives Market Size Study, by Product, by Type, by Application, and Regional Forecasts 2022-2032

Description

The Global Green and Bio-based Plastic Additives Market is valued at approximately USD 3.15 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.90% over the forecast period from 2024 to 2032. As industries seek to transition towards sustainability, green and bio-based plastic additives have emerged as essential components in reducing the environmental impact of plastics. These additives, derived from renewable sources, are designed to enhance the functionality and longevity of plastic products while ensuring a reduced carbon footprint. They are particularly prominent in applications such as packaging, consumer goods, and electronics, which are under increasing pressure to adopt eco-friendly materials.

The growing awareness of environmental issues and the enforcement of stringent regulations on plastic usage are driving the demand for green and bio-based plastic additives. The packaging industry, in particular, is witnessing significant adoption, as brands aim to align with consumer expectations and regulatory requirements for sustainable packaging. Additionally, advancements in bio-based plasticizers and flame retardants have expanded their applicability across a wide range of industries. However, the higher production costs and scalability challenges associated with bio-based additives could hinder market growth. Despite this, continuous research and innovation are expected to overcome these limitations, opening new avenues for growth in the global market.

Asia-Pacific leads the market due to robust industrialization and increasing investments in eco-friendly manufacturing practices in countries such as China, India, and Japan. North America and Europe are also key contributors, driven by stringent regulations on plastic waste and strong consumer demand for sustainable products. Meanwhile, emerging markets in Latin America and the Middle East & Africa present untapped opportunities, fueled by growing industrialization and a shift towards green practices.

Major market players included in this report are:

BASF SE
Dow Inc.
Clariant AG
Arkema S.A.
Evonik Industries AG
Croda International Plc
Mitsubishi Chemical Holdings Corporation
RTP Company
Solvay S.A.
Emery Oleochemicals
PolyOne Corporation
Kaneka Corporation
AkzoNobel N.V.
Huntsman Corporation
Eastman Chemical Company

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

By Product:

Green Plastic Additives
Bio-based Plastic Additives

By Type:

Plasticizers
Flame Retardants

By Application:

Packaging
Consumer Goods & Electronics

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Comprehensive market forecasts and revenue estimates for 10 years.
Regional-level analysis with detailed segmentation insights.
Strategic recommendations based on market trends and dynamics.
Analysis of competitive landscape and key player strategies.
Insightful evaluation of demand and supply factors shaping the market.

Chapter 1. Global Green and Bio-based Plastic Additives Market Executive Summary

1.1. Global Green and Bio-based Plastic Additives Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Type
- 1.3.3. By Application
- 1.3.4. By Region
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Green and Bio-based Plastic Additives 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 Green and Bio-based Plastic Additives Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Sustainable Packaging Solutions
- 3.1.2. Growth in Consumer Goods & Electronics Sectors
- 3.1.3. Advancements in Bio-based Additive Technologies
3.2. Market Challenges
- 3.2.1. Higher Production Costs of Bio-based Additives
- 3.2.2. Scalability Issues in Manufacturing Processes
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Development of Multi-functional Additives
- 3.3.3. Innovations in Eco-friendly Flame Retardants

Chapter 4. Global Green and Bio-based Plastic Additives 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 Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Green and Bio-based Plastic Additives Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Green and Bio-based Plastic Additives Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Green Plastic Additives
- 5.2.2. Bio-based Plastic Additives

Chapter 6. Global Green and Bio-based Plastic Additives Market Size & Forecasts by Type 2022-2032

6.1. Segment Dashboard
6.2. Global Green and Bio-based Plastic Additives Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Plasticizers
- 6.2.2. Flame Retardants

Chapter 7. Global Green and Bio-based Plastic Additives Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Green and Bio-based Plastic Additives Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Packaging
- 7.2.2. Consumer Goods & Electronics

Chapter 8. Global Green and Bio-based Plastic Additives Market Size & Forecasts by Region 2022-2032

8.1. North America Green and Bio-based Plastic Additives Market
- 8.1.1. U.S. Green and Bio-based Plastic Additives Market
  - 8.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Green and Bio-based Plastic Additives Market
  - 8.1.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.2. Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.3. Application Breakdown Size & Forecasts, 2022-2032
8.2. Europe Green and Bio-based Plastic Additives Market
- 8.2.1. UK Green and Bio-based Plastic Additives Market
- 8.2.2. Germany Green and Bio-based Plastic Additives Market
- 8.2.3. France Green and Bio-based Plastic Additives Market
- 8.2.4. Spain Green and Bio-based Plastic Additives Market
- 8.2.5. Italy Green and Bio-based Plastic Additives Market
- 8.2.6. Rest of Europe Green and Bio-based Plastic Additives Market
8.3. Asia-Pacific Green and Bio-based Plastic Additives Market
- 8.3.1. China Green and Bio-based Plastic Additives Market
- 8.3.2. India Green and Bio-based Plastic Additives Market
- 8.3.3. Japan Green and Bio-based Plastic Additives Market
- 8.3.4. Australia Green and Bio-based Plastic Additives Market
- 8.3.5. South Korea Green and Bio-based Plastic Additives Market
- 8.3.6. Rest of Asia-Pacific Green and Bio-based Plastic Additives Market
8.4. Latin America Green and Bio-based Plastic Additives Market
- 8.4.1. Brazil Green and Bio-based Plastic Additives Market
- 8.4.2. Mexico Green and Bio-based Plastic Additives Market
- 8.4.3. Rest of Latin America Green and Bio-based Plastic Additives Market
8.5. Middle East & Africa Green and Bio-based Plastic Additives Market
- 8.5.1. Saudi Arabia Green and Bio-based Plastic Additives Market
- 8.5.2. South Africa Green and Bio-based Plastic Additives Market
- 8.5.3. Rest of Middle East & Africa Green and Bio-based Plastic Additives Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. Dow Inc.
- 9.1.3. Clariant AG
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Dow Inc.
- 9.3.3. Clariant AG
- 9.3.4. Arkema S.A.
- 9.3.5. Evonik Industries AG
- 9.3.6. Croda International Plc
- 9.3.7. Mitsubishi Chemical Holdings Corporation
- 9.3.8. RTP Company
- 9.3.9. Solvay S.A.
- 9.3.10. Emery Oleochemicals
- 9.3.11. PolyOne Corporation
- 9.3.12. Kaneka Corporation
- 9.3.13. AkzoNobel N.V.
- 9.3.14. Huntsman Corporation
- 9.3.15. Eastman Chemical Company

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes