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Bio Plasticizers Market Size, Share & Trends Analysis Report By Product (Epoxidized Soyabean Oil (ESBO), Castor Oil, Citrates, Succinic Acid), By Application, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 130 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5830873
Description Jump to:
The global bio plasticizers market size is anticipated to reach USD 5.32 billion by 2030. The market is projected to be propelled at a CAGR of 8.2% from 2023 to 2030. The rise in demand for bio-plasticizers from the global packaging industry is anticipated to drive the market in the coming years. In addition, the surging demand for bio-plasticizers for manufacturing plastics utilized across the global textile industry is anticipated to fuel the consumption of bio-plasticizers in the coming years.

Epoxidized soybean oil (ESBO) is a plasticizer made from soybean oil. Plastic materials, especially those comprising polyvinyl chloride (PVC) and being used across industries such as construction, packaging, and consumer goods, can be made more flexible and durable using ESBO. Castor oil is a vegetable oil derived from the seeds of the castor plant. Due to its distinctive chemical composition, it can be used in a variety of industrial processes such as the manufacture of bio-based plasticizers.

Bio-plasticizers derived from castor oil have witnessed a rise in demand due to their sustainable sourcing, non-toxicity and biodegradability, and high performance. Citrate-based plasticizers are derived from citric acid (commonly found in sour-flavored fruits) and utilized across multiple applications such as packaging and medical. The demand for citric-based plasticizers has increased due to their attributes such as non-toxicity and biodegradability, and this trend is likely to be continued over the forecast period.

Bio Plasticizers Market Report Highlights

  • The bio-plasticizers industry was valued at USD 2.94 billion in 2022 and is expected to reach USD 5.31 billion in 2030 at an estimated CAGR of 8.2% from 2023 to 2030. The surging demand for bio plasticizers for manufacturing plastics utilized across the global textile industry is anticipated to fuel the consumption of bio plasticizers in the coming years
  • 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 the regional demand for bio plasticizers in the coming years
  • Bio-plasticizer-based plastics are widely used in packaging applications such as food & beverage packaging, personal care packaging, films & sheets, and household care products packaging. Factors such as the increasing inclination of consumers toward sustainable packaging and rising landfill pollution issues worldwide are leading to surged adoption of packaging products developed from bio plasticizers
  • The demand for bio-plasticizers is projected to grow further over the forecast period. Expanding composting infrastructure and rising governmental efforts to reduce landfilling, such as the U. S. 2030 Food Loss and Waste Reduction Goal, are anticipated to augment the demand for bio-based plastic bags or compostable bags used in the collection of food leftovers and other organic waste material over the forecast period


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research Scope and Assumptions
1.4.1 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot 2022
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Bio Plasticizers Market: Variables and Trends
3.1 Market Lineage Outlook
3.1.1 Global Plasticizers Market
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing and Technology Trends
3.2.1.1 Phase 1: Extraction
3.2.1.2 Phase 2: Purification
3.2.1.3 Phase 3: Chemical Modification
3.2.1.4 Phase 4: Refining
3.2.1.5 Phase 5: Quality Control
Sales Channel Analysis
3.2.3 List of potential end-users
3.2.4 Price Trend Analysis (USD/Kg), 2018 - 2030
3.2.4.1 Epoxidized Soyabean Oil (ESBO), (USD/Kg), 2018 - 2030
3.2.4.2 Castor Oil-based Plasticizers, (USD/Kg), 2018 - 2030
3.2.4.3 Citrates, (USD/Kg), 2018 - 2030
3.2.4.4 Succinic Acid, (USD/Kg), 2018 - 2030
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Impact Analysis
3.4.1.1 Growing sustainability concerns from plastic manufacturers
3.4.1.2 Growing demand for Eco-friendly plastics across end-users
3.4.2 Market Restraint Impact Analysis
3.4.2.1 Low Cost of conventional plasticizers challenging market adoption of bio-plasticizers
3.4.3 Market Challenge Analysis
3.4.4 Market Opportunity Analysis
3.5 Impact of Russia & Ukraine geopolitical implications on Bio-plasticizer Market
3.6 Impact of COVID-19 on the Bio-plasticizer Market
3.7 Industry Analysis Tools
3.7.1 Porter’s five force analysis
3.7.2 Macroeconomic analysis
Chapter 4 Bio Plasticizers Market: Product Estimates & Trend Analysis
4.1 Product movement analysis & market share, 2022 & 2030
4.2 Product Movement Analysis & Market Share, 2022 & 2030
4.3 Bio-plasticizers market estimates & forecast, by Product (Kilotons) (USD Billion)
4.3.1 Epoxidized soyabean oil (ESBO)
4.3.2 Castor oil-based plasticizers
4.3.3 Citrates
4.3.4 Succinic Acid
4.3.5 Others
Chapter 5 Bio Plasticizers Market: Application Estimates & Trend Analysis
5.1 Application movement analysis & market share, 2022 & 2030
5.2 Application Movement Analysis & Market Share, 2022 & 2030
5.3 Bio-plasticizers market estimates & forecast, by application (Kilotons) (USD Billion)
5.3.1 Packaging materials
5.3.2 Consumer goods
5.3.3 Automotive & transportation
5.3.4 Building & construction
5.3.5 Textile
5.3.6 Agriculture & horticulture
5.3.7 Others
Chapter 6 Bio Plasticizers Market - Regional Estimates & Trend Analysis
6.1 Bio-plasticizers Market: Regional Outlook
6.2 North America
6.2.1 North America Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.2.2 U.S.
6.2.2.1 U.S. Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.2.3 Canada
6.2.3.1 Canada Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.2.4 Mexico
6.2.4.1 Mexico Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3 Europe
6.3.1 Europe Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.2 Germany
6.3.2.1 GERMANY Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.3 UK
6.3.3.1 UK Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.4 France
6.3.4.1 France Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.5 Italy
6.3.5.1 Italy Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.6 Spain
6.3.6.1 Spain Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.3.7 The Netherlands
6.3.7.1 The Netherlands Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4 Asia Pacific
6.4.1 Asia Pacific Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.2 China
6.4.2.1 CHINA Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.3 India
6.4.3.1 INDIA Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.4 Japan
6.4.4.1 Japan Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.5 South Korea
6.4.5.1 South Korea Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.6 Indonesia
6.4.6.1 Indonesia Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.4.7 Thailand
6.4.7.1 Thailand Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.5 Central & South America
6.5.1 Central & South America Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.5.2 Brazil
6.5.2.1 BRAZIL bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.5.3 Argentina
6.5.3.1 ARGENTINA Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.6.2 Saudi Arabia
6.6.2.1 Saudi Arabia bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.6.3 United Arab Emirates (UAE)
6.6.3.1 United Arab Emirates (UAE) Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
6.6.4 South Africa
6.6.4.1 South Africa Bio-plasticizers Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Chapter 7 Bio Plasticizers Market - Competitive Landscape
7.1 Recent Developments & Impact Analysis, by Key Market Participants
7.2 Company Categorization
Chapter 8 Bio Plasticizers Market - Company Profiles
8.1 Participant’s Overview
8.2 Financial Performance
8.3 Product Benchmarking
8.3.1 Avient Corporation
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 Matrìca S.p.A.
8.3.12 Roquette Frères
8.3.13 Zhejiangjiaao Enprotech Stock Co., Ltd.
8.3.14 GRUPO PRINCZ IPASA
8.3.15 Goldstab Organics Pvt. Ltd.
8.3.16 JUNGBUNZLAUER SUISSE AG
8.3.17 Valtris Specialty Chemicals
List of Tables
Table 1 Price-range comparison for conventional plasticizers and bio-plasticizers
Table 2 Bio-plasticizers market estimates and forecast, by Product, 2018 - 2030 (Kilotons)
Table 3 Bio-plasticizers market estimates and forecast, by Product, 2018 - 2030 (USD Billion)
Table 4 Bio-plasticizers market estimates and forecast, by application, 2018 - 2030 (Kilotons)
Table 5 Bio-plasticizers market estimates and forecast, by application, 2018 - 2030 (USD Billion)
Table 6 Recent Developments & Impact Analysis, by Key Market Participants
List of Figures
Fig. 1 Bio-plasticizers market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot, 2022
Fig. 7 Segment snapshot, 2022
Fig. 8 Competitive landscape snapshot
Fig. 9 Plasticizers Market, 2022 (USD billion)
Fig. 10 Bio-plasticizers market - Industry Value Chain Analysis
Fig. 11 Bio-plasticizers market - Manufacturing process
Fig. 12 Epoxidized Soyabean Oil (ESBO) market - Price trend analysis (USD/Kg), 2018 - 2030
Fig. 13 Castor Oil-based plasticizers market - Price trend analysis (USD/Kg), 2018 - 2030
Fig. 14 Citrates market - Price trend analysis (USD/Kg), 2018 - 2030
Fig. 15 Succinic acid market - Price trend analysis (USD/Kg), 2018 - 2030
Fig. 16 Bio-plasticizers market- Market dynamics
Fig. 17 Bio-plasticizers Market- Porter’s Five Force Analysis
Fig. 18 Bio-plasticizers Market- Macroeconomic Analysis
Fig. 19 Bio-plasticizers market, by Product: Key takeaways
Fig. 20 Bio-plasticizers market, by Product: Market volume share, 2022 & 2030
Fig. 21 Bio-plasticizers Market, by Product: Market Revenue Share, 2022 & 2030
Fig. 22 Epoxidized Soyabean Oil (ESBO) materials market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 23 Castor oil-based plasticizers market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 24 Citrates market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 25 Succinic Acid market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 26 Others market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 27 Bio-plasticizers market, by application: Key takeaways
Fig. 28 Bio-plasticizers market, by Application: Market volume share, 2022 & 2030
Fig. 29 Bio-plasticizers Market, by Application: Market Revenue Share, 2022 & 2030
Fig. 30 Packaging materials market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 31 Consumer goods market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 32 Automotive & transportation market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 33 Building & construction market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 34 Textile market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 35 Agriculture & horticulture market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 36 Others market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 37 Bio-plasticizers market, by region, 2022 & 2030 (USD billion)
Fig. 38 Regional marketplace: Key takeaways (1/2)
Fig. 39 Regional marketplace: Key takeaways (2/2)
Fig. 40 North America Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 41 U.S. Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 42 Canada Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 43 Mexico Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 44 Europe Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 45 Germany Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 46 UK Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 47 France Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 48 Italy Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 49 Spain Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 50 The Netherlands Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 51 Asia Pacific bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 52 China Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 53 India bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 54 Japan Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 55 South Korea bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 56 Indonesia bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 57 Thailand Bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 58 Central & South America bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 59 Brazil bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 60 Argentina bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 61 Middle East & Africa bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 62 Saudi Arabia bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 63 United Arab Emirates (UAE) bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 64 South Africa bio-plasticizers market estimates & forecast, 2018 - 2030 (Kilotons) (USD Billion)
Fig. 65 Key Company Categorization

Companies Mentioned

  • Avient Corporation
  • BASF SE
  • Cargill, Incorporated
  • DIC Corporation
  • Dow, Inc.
  • Evonik Industries AG
  • LANXESS
  • Solvay
  • ACS Technical Products
  • Emery Oleochemicals
  • Matrìca S.p.A.
  • Roquette Frères
  • Zhejiangjiaao Enprotech Stock Co., Ltd.
  • GRUPO PRINCZ IPASA
  • Goldstab Organics Pvt. Ltd.
  • JUNGBUNZLAUER SUISSE AG
  • Valtris Specialty Chemicals

Methodology

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