The Global Biobased Chemical Market was valued at USD 136.6 billion in 2024 and is estimated to grow at a CAGR of 9% to reach USD 323.5 billion by 2034.
The market is driven by the worldwide shift toward sustainable industrial processes, government incentives for carbon-neutral solutions, and breakthroughs in biotechnology and green chemistry. Biobased chemicals, produced from renewable resources such as agricultural residues, forestry biomass, and algae, are increasingly replacing fossil-derived raw materials across sectors like packaging, automotive, construction, textiles, and agriculture. Rising environmental regulations and consumer demand for eco-friendly products have accelerated the adoption of biodegradable plastics, bio-based surfactants, and renewable solvents. In agriculture, biopesticides, fertilizers, and soil-enhancing solutions are being used to support regenerative practices and minimize ecological impact. The market is also benefiting from technological innovations, including advances in PLA upcycling and FDCA-based polymers, which enhance efficiency and reduce carbon footprints, enabling bio-based solutions to meet or exceed the performance of petroleum-based alternatives while promoting circular economy principles.
Agriculture-derived feedstocks, including conventional crops and dedicated energy crops, remain the largest segment, holding a 52% share due to their abundance, cost-effectiveness, and compatibility with industrial bioprocesses, highlighting their dominance in both established and emerging production pathways.
The packaging and consumer goods sector is the leading end-user market, encompassing food packaging and everyday consumer products. This segment is expected to grow from USD 38.2 billion in 2024 to USD 90.6 billion by 2034, driven by the increasing use of sustainable, bio-based packaging materials.
North America Biobased Chemical Market generated USD 38.2 billion in 2024, growing at a CAGR of 9% through 2034. In countries like the U.S. and Canada, biobased chemicals are widely adopted in packaging, automotive, and agriculture due to regulatory mandates for sustainability, corporate green initiatives, and technological advancements in renewable feedstocks. Demand remains strong for high-performance bioplastics, bio-lubricants, and industrial solutions that provide environmental benefits without compromising functionality.
Key players in the Global Biobased Chemical Market include DSM-Firmenich, Braskem, Amyris, Cargill, Novozymes, Green Biologics, Evonik, Gevo, Genomatica, Novamont, Ecovative, Renewable Energy Group, BioAmber, Solugen, Bolt Threads, LanzaTech, Corbion, BASF, Modern Meadow, and Zymergen. Companies in the Global Biobased Chemical Market are prioritizing innovation, strategic partnerships, and sustainable practices to expand their market footprint. They invest heavily in research and development to create high-performance bio-based polymers, solvents, and specialty chemicals. Collaborations with feedstock suppliers and technology providers ensure a stable raw material supply and process optimization. Many firms are establishing joint ventures and licensing agreements to enter new geographies and diversify product portfolios. Regulatory compliance and sustainability certifications are emphasized to enhance credibility and customer trust. Companies are also focusing on marketing strategies that highlight environmental benefits, biodegradability, and circular economy alignment.
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The market is driven by the worldwide shift toward sustainable industrial processes, government incentives for carbon-neutral solutions, and breakthroughs in biotechnology and green chemistry. Biobased chemicals, produced from renewable resources such as agricultural residues, forestry biomass, and algae, are increasingly replacing fossil-derived raw materials across sectors like packaging, automotive, construction, textiles, and agriculture. Rising environmental regulations and consumer demand for eco-friendly products have accelerated the adoption of biodegradable plastics, bio-based surfactants, and renewable solvents. In agriculture, biopesticides, fertilizers, and soil-enhancing solutions are being used to support regenerative practices and minimize ecological impact. The market is also benefiting from technological innovations, including advances in PLA upcycling and FDCA-based polymers, which enhance efficiency and reduce carbon footprints, enabling bio-based solutions to meet or exceed the performance of petroleum-based alternatives while promoting circular economy principles.
Agriculture-derived feedstocks, including conventional crops and dedicated energy crops, remain the largest segment, holding a 52% share due to their abundance, cost-effectiveness, and compatibility with industrial bioprocesses, highlighting their dominance in both established and emerging production pathways.
The packaging and consumer goods sector is the leading end-user market, encompassing food packaging and everyday consumer products. This segment is expected to grow from USD 38.2 billion in 2024 to USD 90.6 billion by 2034, driven by the increasing use of sustainable, bio-based packaging materials.
North America Biobased Chemical Market generated USD 38.2 billion in 2024, growing at a CAGR of 9% through 2034. In countries like the U.S. and Canada, biobased chemicals are widely adopted in packaging, automotive, and agriculture due to regulatory mandates for sustainability, corporate green initiatives, and technological advancements in renewable feedstocks. Demand remains strong for high-performance bioplastics, bio-lubricants, and industrial solutions that provide environmental benefits without compromising functionality.
Key players in the Global Biobased Chemical Market include DSM-Firmenich, Braskem, Amyris, Cargill, Novozymes, Green Biologics, Evonik, Gevo, Genomatica, Novamont, Ecovative, Renewable Energy Group, BioAmber, Solugen, Bolt Threads, LanzaTech, Corbion, BASF, Modern Meadow, and Zymergen. Companies in the Global Biobased Chemical Market are prioritizing innovation, strategic partnerships, and sustainable practices to expand their market footprint. They invest heavily in research and development to create high-performance bio-based polymers, solvents, and specialty chemicals. Collaborations with feedstock suppliers and technology providers ensure a stable raw material supply and process optimization. Many firms are establishing joint ventures and licensing agreements to enter new geographies and diversify product portfolios. Regulatory compliance and sustainability certifications are emphasized to enhance credibility and customer trust. Companies are also focusing on marketing strategies that highlight environmental benefits, biodegradability, and circular economy alignment.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates and Forecast, by Feedstock Source, 2021-2034 (USD Billion & Tons)
Chapter 6 Market Estimates and Forecast, by Product Type, 2021-2034 (USD Billion & Tons)
Chapter 7 Market Estimates and Forecast, by Application, 2021-2034 (USD Billion & Tons)
Chapter 8 Market Estimates and Forecast, by End Use, 2021-2034 (USD Billion & Tons)
Chapter 9 Market Estimates and Forecast, by Region, 2021-2034 (USD Billion & Tons)
Chapter 10 Company Profiles
Companies Mentioned
The companies profiled in this Biobased Chemical market report include:- Amyris, Inc.
- BASF SE
- BioAmber Inc.
- Bolt Threads, Inc.
- Braskem S.A.
- Cargill, Incorporated
- Corbion N.V.
- DSM-firmenich
- Ecovative Design LLC
- Evonik Industries AG
- Genomatica, Inc.
- Gevo, Inc.
- Green Biologics Ltd.
- LanzaTech, Inc.
- Modern Meadow, Inc.
- Novamont S.p.A.
- Novozymes A/S
- Renewable Energy Group, Inc.
- Solugen, Inc.
- Zymergen Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | October 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 136.6 Billion |
| Forecasted Market Value ( USD | $ 323.5 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
