Bio Plasticizer Market Size

Bio Plasticizers Market size was valued at around USD 3.2 billion in 2024 and is anticipated to surge to USD 7.8 billion by 2037, registering a CAGR of 7.7% during the forecast timeline i.e. 2025-2037. In 2025, the industry size of bio plasticizers is estimated at USD 3.4 billion. It is anticipated that using sustainable practices in the production of plastic will boost resource efficiency, and reduce waste and pollution. Moreover, it will result in opening up new avenues for innovation, boosting the economy thus, exponentially fueling the demand for bioplasticizerss.

Bio plasticizerss are environmentally sustainable and highly compatible with a wide spectrum of biopolymer matrices, making them the preferred choice for products such as bio-based polyvinyl chloride (PVC) and polylactic acid (PLA) films. For instance, in January 2024, specialty chemicals innovator Perstorp introduced PevalenTM Pro 100, which ushers in a new era in PVC plasticizing technology. Pevalen Pro 100 provides an approximate 80% reduction in carbon. Furthermore, taking into account, the biogenic CO2 uptake from its renewable raw materials.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the bio plasticizers market was over USD 3.2 billion.

The market size for the bio plasticizers market is projected to reach USD 7.8 billion by the end of 2037 expanding at a CAGR of 7.7% during the forecast period i.e., between 2025-2037.

The major players in the market are Avient Corporation, BASF SE, Cargill, Incorporated, DIC Corporation, Dow, Inc., Emery Oleochemicals, Evonik Industries AG, and others.

In terms of raw material sources, plant-based sources are anticipated to garner the largest market share of 89.7% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 46.1% by the end of 2037 and provide more business opportunities in the future.

Bio Plasticizer Market Size