Bio-based Resins Market Outlook Report

Published On: Feb, 2025
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Pages: 150+

The Bio-based Resins Market is estimated to be USD 7,049.3 million in 2024. Furthermore, the market is expected to grow to USD 19,212.6 million by 2031, with a Compound Annual Growth Rate (CAGR) of 15.4%.

Bio-based Resins Market Overview

The global bio-based resin market is expected to witness substantial growth during the outlook period owing to growing concerns for the environment, sustainability, and the green planet. 
Resins can be considered as necessary raw materials constituting various materials in designated proportions used to manufacture a final product with desired attributes. The selection of the correct plastic resin is the most important factor in deciding the success of the end product determining properties to best hold the individual product.
Bio-based resins are the resins that derive some or all of their constituent monomers from biological sources. Major sources for bio-based resins are corn or soybean by-products from bio-diesel fuel refinement, sugar cane, sugar beets, potatoes, lignocellulose, whey, and algae. Bio-based resins are biomaterials that can be biodegradable or non-biodegradable.

Latest Trends in Bio-based Resins Market

Widening End-Use Applications:
A major portion of Bioplastics and Biopolymers are being consumed in manufacturing shopping bags, fruit, and vegetable bags, cutlery, cosmetic packaging, and a few consumer goods. Characteristic limitations of bio-friendly plastic are limiting the use of the product that currently constitutes less than 2% of the total plastic consumption.
However, the pressing need for sustainable products from the government and the public is stimulating companies to invest in extensive research and development activities to widen the applications of bioplastics. The bio-based arena envisions enormous scope to develop new products, access new markets, and develop new applications. Bio-based Resins play a crucial role in improving performance and achieving ambitious targets.

Europe is the leading region in the Bio-based Resins Market, fueled by stringent environmental regulations, strong sustainability initiatives, and increasing demand for eco-friendly materials across packaging and automotive industries.
Packaging is the dominating segment in the Bio-based Resins Market, powered by growing consumer preference for biodegradable alternatives, rising bans on single-use plastics, and supportive government policies promoting circular economy practices.

Global Bio-based Resins Market Analysis 2025-2032: Industry Size, Share, Growth Trends, Competition and Forecast Report

Driving Factors

Functional Advantages of Bio-Plastics:
Biodegradability is becoming an increasingly popular and lucrative product feature, as in the case of plants and flowers pots that can be placed straight into the soil to biodegrade naturally.
The growing use of bioplastic helps to reduce the amount of waste produced, which in turn has a positive effect on the environment and helps meet different sustainability goals as increasing the percentage of recycled material, reducing waste, minimizing energy consumption, etc. According to the analysis of patent filing data, companies’ priority remains on improving the mechanical properties of bioplastics for mass production. 
Market Challenges

Feedstock Availability:
Biobased bioplastics can be made using a wide range of different feedstocks such as starch, sugar, or cellulose. These are the first-generation feedstock and efforts are made to switch to the second generation. The second generation of feedstock can be sugars from bagasse, straw, etc. 
Due to the effect of COVID, the input costs across materials and the restricted labor movement are leading to supply disruptions in the value chain and the trade chain.
Prices of raw material biomaterials required for the Bio-based resin market depend on various factors including farmers’ planting decisions, climate, domestic and foreign government policies, imbalances in world grain supplies, and many others. These unpredictable situations deciding the production of crops create a gloomy outlook for the manufacturers.


Companies Mentioned

  1. Akro Plastic Gmbh
  2. CLARIANT AG (Avient)
  3. BASF SE
  4. Koninklijke DSM N.V.
  5. Archer Daniels midland
  6. LyondellBasell Industries NV
  7. DuPont de Nemours, Inc.
  8. Royal DSM N.V.
  9. Evonik Industries AG
  10. Lanxess AG
  11. Solvay SA
  12. Mitsubishi Chemical Corporation
  13. Braskem S.A.
  14. BioAmber Inc.
  15. Myriant Corporation
  16. Tianyi Licocene Technology (Jiangsu) Co., Ltd.
  17. Chengdu Institute of Bio-industry Technology Co., Ltd.
  18. Reverdia

Market Scope

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD million

Market Splits Covered

By Product type, By Application and By End-User

Countries Covered

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Data file

Market Segmentation

Bio-based Resins Market, By Product

  • Polylactic Acid (PLA)
  • Starch Blends
  • bio-based PE
  • bio-based PTT
  • bio-based PA
  • Others

Bio-based Resins Market, By Type

  • Biodegradable
  • Non-biodegradable

Bio-based Resins Market, By Application

  • Flexible Packaging
  • Rigid Packaging
  • Textile
  • Agriculture
  • Consumer Goods
  • Others

Bio-based Resins Market, By Region

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)

  

  

TABLE OF CONTENTS

1. TABLE OF CONTENTS
1.1. LIST of TABLES
1.2. LIST of FIGURES

2. GLOBAL BIO-BASED RESINS MARKET REVIEW, 2023
2.1. Bio-based Resins Market Industry Overview
2.2. Research Methodology
2.2.1. Market Scope and Definition
2.2.2. Study Assumptions

3. BIO-BASED RESINS MARKET INSIGHTS
3.1. Key Products of Bio-based Resins Market to 2031
3.2. Dominant Types of Bio-based Resins Market to 2031
3.3. Leading Applications of Bio-based Resins Market to 2031
3.4. High Prospect Geography for Bio-based Resins Market to 2031

4. BIO-BASED RESINS MARKET TRENDS, DRIVERS, AND RESTRAINTS
4.1. Latest Trends and Recent Developments in Bio-based Resins Market
4.1.1. Growth in Biodegradable plastics
4.1.2. Widening End-Use Applications –
4.1.3. Microplastics & circular economy policy developments
4.1.4. Growing Environmental Awareness -
4.1.5. Technological Advancements Driving Innovations
4.1.6. Growth in Green Buildings
4.1.7. Lack of Awareness on Bio-Based Products Labelling
4.2. Key Factors Driving the Bio-based Resins Market Growth
4.2.1. Increasing production of Bioplastics
4.2.2. Stringent Regulations for Synthetic Chemicals–
4.2.3. Functional Advantages of Bio-Plastics
4.2.4. Ambitious Targets by Beverage companies to Replace Synthetic PET bottles
4.2.5. Flexibility to Implement Existing Machinery
4.2.6. Growing Demand for Packaging
4.3. Major Challenges to the Bio-based Resins Market Industry, 2023-2031
4.4. Five Forces Analysis for Global Bio-based Resins Market

5. GLOBAL BIO-BASED RESINS MARKET DATA - INDUSTRY SIZE, SHARE, AND OUTLOOK
5.1. Bio-based Resins Market Annual Sales Outlook, 2023-2031 ($ Million)
5.2. Global Bio-based Resins Market Annual Sales Outlook by Product, 2023-2031 ($ Million)
5.2.1. Polylactic Acid (PLA) Market Outlook, 2023-2031
5.2.2. Starch Blends Market Outlook, 2023-2031
5.2.3. Bio-based PE Market Outlook, 2023-2031
5.2.4. Bio-based PTT Market Outlook, 2023-2031
5.2.5. Bio-based PA Market Outlook, 2023-2031
5.2.6. Other Products Market Outlook, 2023-2031
5.3. Global Bio-based Resins Market Annual Sales Outlook by Type, 2023-2031 ($ Million)
5.3.1. Biodegradable Market Outlook, 2023-2031
5.3.2. Non-biodegradable Market Outlook, 2023-2031
5.4. Global Bio-based Resins Market Annual Sales Outlook by Application, 2023-2031 ($ Million)
5.4.1. Flexible Packaging, Market Outlook, 2023-2031
5.4.2. Rigid Packaging, Market Outlook, 2023-2031
5.4.3. Textile, Market Outlook, 2023-2031
5.4.4. Agriculture, Market Outlook, 2023-2031
5.4.5. Consumer Goods, Market Outlook, 2023-2031
5.4.6. Other Applications, Market Outlook, 2023-2031
5.5. Global Bio-based Resins Market Annual Sales Outlook by Geography, 2023-2031 ($ Million)

6. ASIA PACIFIC BIO-BASED RESINS MARKET INDUSTRY STATISTICS - MARKET SIZE, SHARE, COMPETITION AND OUTLOOK
6.1. Asia Pacific Market Insights, 2023
6.2. Asia Pacific Bio-based Resins Market Revenue Forecast by Product, 2023-2031 (USD Million)
6.3. Asia Pacific Bio-based Resins Market Revenue Forecast by Type, 2023-2031 (USD Million)
6.4. Asia Pacific Bio-based Resins Market Revenue Forecast by Application, 2023-2031 (USD Million)
6.5. Asia Pacific Bio-based Resins Market Revenue Forecast by Country, 2023-2031 (USD Million)
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. South Korea
6.5.5. Rest of Asia Pacific

7. EUROPE OUTLOOK AND GROWTH OPPORTUNITIES
7.1. Europe Market Insights, 2023
7.2. Europe Bio-based Resins Market Revenue Forecast by Product, 2023-2031 (USD Million)
7.3. Europe Bio-based Resins Market Revenue Forecast by Type, 2023-2031 (USD Million)
7.4. Europe Bio-based Resins Market Revenue Forecast by Application, 2023-2031 (USD Million)
7.5. Europe Bio-based Resins Market Revenue Forecast by Country, 2023-2031 (USD Million)
7.5.1. Germany
7.5.2. United Kingdom
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Rest of Europe

8. NORTH AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
8.1. North America Market Insights, 2023
8.2. North America Bio-based Resins Market Revenue Forecast by Product, 2023-2031 (USD Million)
8.3. North America Bio-based Resins Market Revenue Forecast by Type, 2023-2031 (USD Million)
8.4. North America Bio-based Resins Market Revenue Forecast by Application, 2023-2031 (USD Million)
8.5. North America Bio-based Resins Market Revenue Forecast by Country, 2023-2031 (USD Million)
8.5.1. United States
8.5.2. Canada
8.5.3. Mexico

9. SOUTH AND CENTRAL AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
9.1. South and Central America Market Insights, 2023
9.2. South and Central America Bio-based Resins Market Revenue Forecast by Product, 2023-2031 (USD Million)
9.3. South and Central America Bio-based Resins Market Revenue Forecast by Type, 2023-2031 (USD Million)
9.4. South and Central America Bio-based Resins Market Revenue Forecast by Application, 2023-2031 (USD Million)
9.5. South and Central America Bio-based Resins Market Revenue Forecast by Country, 2023-2031 (USD Million)
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South and Central America

10. MIDDLE EAST AFRICA OUTLOOK AND GROWTH OPPORTUNITIES
10.1. Middle East Africa Market Insights, 2023
10.2. Middle East Africa Bio-based Resins Market Revenue Forecast by Product, 2023-2031 (USD Million)
10.3. Middle East Africa Bio-based Resins Market Revenue Forecast by Type, 2023-2031 (USD Million)
10.4. Middle East Africa Bio-based Resins Market Revenue Forecast by Application, 2023-2031 (USD Million)
10.5. Middle East Africa Bio-based Resins Market Revenue Forecast by Country, 2023-2031 (USD Million)
10.5.1. Middle East
10.5.2. Africa

11. BIO-BASED RESINS MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
11.1. Akro Plastic Gmbh
11.2. CLARIANT AG (Avient)
11.3. BASF SE
11.4. Koninklijke DSM N.V.
11.5. Archer Daniels Midland
11.6. LyondellBasell Industries NV

12. APPENDIX
12.1. About Us
12.2. Sources
12.3. Research Methodology
12.4. Contact Information

    

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FAQ's

The Bio-based Resins Market is estimated to reach USD 22171.4 million by 2032.

The Global Bio-based Resins Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period from 2025 to 2032.

The Global Bio-based Resins Market is estimated to generate USD 7049.3 million in revenue in 2024.

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