The global bio-based polymer market size reached USD 8.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.38% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 8.5 Billion |
Market Forecast in 2033
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USD 13.6 Billion |
Market Growth Rate 2025-2033 | 5.38% |
Bio based polymers refer to resins obtained from biological resources, such as algae, microorganisms, and plants. Synthetized directly or via monomer synthesis followed by polymerization, the primary biomass feedstock used in their manufacturing generally includes biogenic by-products, especially glycerol from biodiesel production. Since these polymers can help replace fossil carbon in the production process with renewable carbon from biomass, they are popularly used as an alternative solution for conventional plastics. Some of the advantages offered by these polymers include improved resistance to food fats, excellent clarity and gloss, a high aroma barrier, and exceptional twist retention and printability. As a result, bio based polymers find widespread applications across a broad array of industries, including food and beverages (F&B), agriculture, textiles, electronics, packaging, and healthcare.
The market is majorly driven by an enhanced focus on sustainable development. With the rising focus on reducing the dependency on conventional plastics, numerous global organizations are now promoting the uptake of biodegradable food-grade alternatives for beverage and snack packaging. Moreover, favorable policies and regulations undertaken by several government bodies across the globe are creating lucrative opportunities for key players in the market. Governments are not only discouraging the adoption of synthetic polymers but also implementing additional charges on the usage of conventional plastics in shopping and packaging applications. The market is further driven by the escalating shift toward green chemicals in multiple end-use industries. Some of the other factors contributing to the market growth include the augmenting preference for green polyethylene (PE) prepared using the process of microbial fermentation and the growing awareness regarding the ease of disposing biodegradable polymers.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-based polymer market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., BASF SE, Biome Bioplastics Limited, Corbion N.V., FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Rodenburg Productie B.V., thyssenkrupp AG and Toray Industries Inc.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Arkema S.A., BASF SE, Biome Bioplastics Limited, Corbion N.V., FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Rodenburg Productie B.V., thyssenkrupp AG, Toray Industries Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global bio-based polymer market was valued at USD 8.5 Billion in 2024.
We expect the global bio-based polymer market to exhibit a CAGR of 5.38% during 2025-2033.
The rising adoption of bio-based polymer as an alternative solution for conventional plastics, as it helps in replacing fossil carbon in the production process with renewable carbon from biomass, is primarily driving the global bio-based polymer market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for bio-based polymers.
Based on the type, the global bio-based polymer market has been segregated into Polyethylene (PE), Polyamide (PA), Polylactic Acid (PLA), Polyethylene Terephthalate (PET), and others. Among these, Polyethylene (PE) currently exhibits a clear dominance in the market.
Based on the application, the global bio-based polymer market can be bifurcated into packaging, textile, automotive, industrial, agriculture, and others. Currently, the packaging sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global bio-based polymer market include Arkema S.A., BASF SE, Biome Bioplastics Limited, Corbion N.V., FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Rodenburg Productie B.V., thyssenkrupp AG, and Toray Industries Inc.