Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Bio-based Materials Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Bio-based Materials Market?
The market for bio-based materials has seen substantial expansion in recent years. The market size is projected to increase from $38.16 billion in 2024 to $47.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.3%.
What Is the Forecasted CAGR for the Bio-based Materials Market by 2029?
The bio-based materials market is projected to reach $104.16 billion in 2029, with a compound annual growth rate (CAGR) of 21.7%.
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What Are the Market Drivers in the Bio-based Materials Industry?
The key Drivers in the bio-based materials market are:
• Rising environmental awareness globally
• Regulatory support for environmentally friendly alternatives
• Increasing consumer knowledge of bio-based materials
• Ongoing advancements in sustainable technologies
What Is the Segment-Wise Breakdown of the Bio-based Materials Market?
The bio-based materialsmarket covered in this report is segmented –
1) By Type: Bio-Based Polyurethane, Bio-Based Paraxylene, Bio-Based Polypropylene, Bio-Based Polyamides, Other Types
2) By Application: Rigid Packaging, Flexible Packaging, Electrics And Electronics, Consumer Goods, Automotive And Transport, Other Applications
3) By End Use: Food And Beverage, Pharmaceuticals, Automotive, Textiles, Agriculture, Other End Users
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Which Emerging Trends Are Driving Growth in the Bio-based Materials Sector?
The key trends in the bio-based materials market are:
• Companies are focusing on evolving bio-based materials with advanced solutions and products.
• There is a rising trend of creating bio-based materials that promote reduced carbon footprints.
• Bio-based materials that support renewable resources are becoming more prevalent.
• The transition towards a circular economy is increasingly influencing the bio-based materials market.
Which Companies Are Dominating the Bio-based Materials Market in Terms of Revenue?
The key players in the bio-based materials market are:
• China Petroleum & Chemical Corporation (Sinopec)
• BASF SE
• Sumitomo Chemical
• Evonik Industries AG
• Covestro AG
• Braskem
• Toray Industries Inc.
• Mitsui Chemicals
• DuPont de Nemours Inc.
• Arkema SA
• Eastman Chemical Company
• DSM
• LANXESS
• Huntsman Corporation
• Tosoh Corporation
• Lubrizol
• Clariant AG
• Plastipak Holdings Inc.
• Corbion N.V.
• Japan Polypropylene Corporation
• RAMPF Holding GmbH & Co. KG
• Manali Petrochemical
• RadiciGroup
• Biobased Technologies
• Virent Inc.
• TSE Industries Inc.
• Avantium
• Anellotech Inc.
• Gevo Inc.
What Are the Regions Driving Demand in the Bio-based Materials Market?
Europe was the largest region in the bio-based materials market in 2024
