The global bio-plasticizers market size reached USD 1.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.3% 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 1.5 Billion |
Market Forecast in 2033
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USD 2.4 Billion |
Market Growth Rate (2025-2033) | 5.3% |
Bio-plasticizers refer to biologically derived additives used for improving the flexibility, softness, texture, functional properties and volatility of plasticized polymers. Some of the commonly used bio-plasticizers include epoxidized plant oils, cardanol, isosorbide esters and citrates. They are derived from vegetable raw materials, such as soybean, palm, castor oil, citrates, stearic acid, starch, biomass, agricultural products and waste materials. In comparison to the traditionally used phthalates, bio-plasticizers are non-toxic, environment-friendly, resistant to leaching, miscible and highly cost-effective. As a result, they are extensively used for the manufacturing of polyvinyl chloride (PVC) cables and resins, wire jackets, cables, food packaging material, medical equipment and automobile components.
A significant increase in the demand for PVC products across the globe is one of the key factors driving the market growth. Bio-plasticizers are widely used in the manufacturing of PVC products to enhance the stability, safety and effectiveness of flexible sheets and films, coated fabrics and electrical components. Moreover, the imposition of a ban on the use of phthalate-based plasticizers to produce consumer goods, food packaging materials and medical devices is providing a thrust to the market growth. In line with this, the widespread adoption of bio-plasticizers in construction materials is also contributing to the growth of the market. Bio-plasticizers aid in reducing the water requirement of the concrete and increasing the functional stability of other building materials. They are also highly effective in thermo-insulation panels, architectural molds and sculptures that require high-quality adhesives and sealants. Additionally, the development of fast-acting bio-plasticizers using rapidly renewable plant-based feedstock with enhanced productivity, minimal defects and enhanced biodegradability, are favoring the market growth. Other factors, including rising environmental consciousness among the masses, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-plasticizers market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product and application.
Breakup by Product:
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 Avient Corporation, BASF SE, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Emery Oleochemicals LLC, Evonik Industries AG, Lanxess AG, Matrica S.p.A., OQ Chemicals GmbH, Roquette Freres and Solvay S.A.
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 | Product, 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 | Avient Corporation, BASF SE, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Emery Oleochemicals LLC, Evonik Industries AG, Lanxess AG, Matrica S.p.A., OQ Chemicals GmbH, Roquette Freres and Solvay S.A. |
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-plasticizers market was valued at USD 1.5 Billion in 2024.
We expect the global bio-plasticizers market to exhibit a CAGR of 5.3% during 2025-2033.
The rising demand for bio-plasticizers for the manufacturing of Polyvinyl Chloride (PVC) cables, wire jackets, cables, etc., as they are non-toxic, environment-friendly, resistant to leaching, and highly cost-effective, is primarily driving the global bio-plasticizers 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-plasticizers.
Based on the product, the global bio-plasticizers market has been segregated into Epoxidized Soybean Oil (ESBO), castor oil-based plasticizers, citrates, succinic acid, and others. Among these, Epoxidized Soybean Oil (ESBO) currently exhibits a clear dominance in the market.
Based on the application, the global bio-plasticizers market can be bifurcated into packaging materials, consumer goods, automotive and transport, building and construction, textiles, agriculture and horticulture, and others. Currently, packaging materials hold 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 North America currently dominates the global market.
Some of the major players in the global bio-plasticizers market include Avient Corporation, BASF SE, DIC Corporation, Dow Inc., DuPont de Nemours Inc., Emery Oleochemicals LLC, Evonik Industries AG, Lanxess AG, Matrica S.p.A., OQ Chemicals GmbH, Roquette Freres, and Solvay S.A.