Global Biotechnology Based Chemicals Market Size study, by Type, by End-Use Industry, by Application and Regional Forecasts 2022-2032

The Global Biotechnology Based Chemicals Market is valued at approximately USD 73.16 billion in 2023 and is projected to grow at a healthy CAGR of more than 9.6% over the forecast period 2024-2032. Biotechnology-based chemicals, often referred to as bio-based chemicals, are ushering in a new era of industrial chemistry by leveraging living organisms and biological processes to synthesize environmentally sustainable alternatives to petrochemical products. These bio-chemicals are derived from renewable biomass sources such as agricultural waste, sugars, starches, and even CO2, and are extensively used across diverse applications including plastics, lubricants, solvents, biofuels, and specialty chemicals. As the global push toward decarbonization gains momentum, industries are being compelled to transition away from fossil fuel dependency. This shift is not merely regulatory but deeply rooted in consumer expectations and corporate ESG commitments, driving a vibrant, innovation-led trajectory in the biotechnology-based chemicals landscape.

Market momentum is being propelled by a convergence of scientific advancement and economic imperatives. Innovations in metabolic engineering, synthetic biology, and fermentation technology have significantly improved the efficiency and scalability of bio-chemical production, enabling the synthesis of complex molecules previously achievable only through conventional chemical synthesis. This technological leap has unlocked new market opportunities across segments such as agriculture, textiles, automotive, and packaging. Additionally, government support in the form of green stimulus packages, R&D subsidies, and bio-economy policies is further catalyzing investments in bio-refinery infrastructure and biotechnology start-ups. However, despite these enablers, certain structural bottlenecks remain - notably, the high capital cost of bio-based production facilities, and the current lack of parity in cost-performance compared to their petrochemical counterparts in some applications.

A prominent market trend is the integration of biotechnology-based chemicals into circular economy models, where waste and by-products from one process become feedstocks for another. This closed-loop approach is gaining traction especially in the European Union and North America, where regulatory frameworks incentivize sustainable manufacturing. For instance, the growing adoption of bio-based surfactants in personal care products and bio-solvents in industrial cleaning is a testament to how industries are substituting traditional compounds with low-toxicity, biodegradable counterparts. This pattern is echoed in the automotive and packaging sectors where bioplastics and bio-lubricants are witnessing unprecedented traction. Industry leaders are actively forming strategic collaborations with agricultural cooperatives, bio-feedstock suppliers, and research institutions to secure upstream resources and ensure a sustainable value chain.

With sustainability now embedded as a core strategic pillar for most corporations, the biotechnology-based chemicals market is rapidly expanding into new territories. End-use industries such as agriculture are adopting bio-pesticides and bio-fertilizers at scale due to growing resistance against synthetic agrochemicals. Similarly, the textile industry is incorporating bio-based dyes and enzymes in fabric processing, reducing water consumption and chemical runoff. In parallel, consumer goods companies are shifting toward plant-based raw materials to align their portfolios with climate action and green marketing objectives. As these dynamics unfold, manufacturers are scaling up pilot plants into commercial production, unlocking economies of scale that will gradually bridge the cost gap with petrochemicals.

Regionally, Europe led the biotechnology based chemicals market in 2023, backed by stringent environmental policies, an ambitious bioeconomy agenda, and established bio-refinery networks. Countries like Germany, the Netherlands, and France have long championed bio-based innovation through funding schemes and cross-border collaborations. North America is also a strong contender, driven by robust R&D ecosystems and rising corporate sustainability initiatives in the U.S. and Canada. Meanwhile, the Asia Pacific region is poised to register the fastest CAGR during the forecast period, owing to rapid industrialization, a growing middle class, and national strategies in countries like China and India promoting bio-based industrial transformation. Latin America and the Middle East are emerging markets with untapped potential, especially in biofuels and agricultural applications, supported by abundant biomass and evolving regulatory landscapes.

Major market player included in this report are:

• BASF SE
• Cargill, Incorporated
• Novozymes A/S
• Dow Inc.
• DuPont de Nemours, Inc.
• Archer Daniels Midland Company (ADM)
• Genomatica, Inc.
• Amyris, Inc.
• Evonik Industries AG
• Koninklijke DSM N.V.
• Corbion N.V.
• BioAmber Inc.
• Braskem S.A.
• Gevo, Inc.
• Ginkgo Bioworks

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

By Type:

• Bio-based Organic Acids
• Bio-alcohols
• Bio-polymers
• Bio-surfactants
• Others

By End-Use Industry:

• Agriculture
• Food and Beverage
• Personal Care and Cosmetics
• Pharmaceuticals
• Textiles
• Automotive
• Packaging
• Others

By Application:

• Plastics & Polymers
• Biofuels
• Specialty Chemicals
• Solvents
• Others

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
• Rest of Latin America
• 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:

• 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.