The global Bio-based Resins Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Biodegradable Starch Blends, Polylactic Acid (PLA), Bio-polyethylene Terephthalate (Bio-PET), Polyhydroxyalkanoate (PHA), Bio-polyethylene (Bio-PE), Biodegradable Polyesters, Others), By Application (Packaging, Textiles, Consumer Goods, Automotive, Agriculture, Building and Construction, Electronics, Others).
Bio-based resins are resinous materials derived from renewable biomass sources such as plant oils, sugars, or lignocellulosic materials in 2024. These resins serve as alternatives to petroleum-based resins in various applications such as coatings, adhesives, composites, and 3D printing, offering environmental benefits such as reduced carbon footprint and decreased reliance on finite fossil resources. Bio-based resins exhibit properties such as low toxicity, biodegradability, and compatibility with existing manufacturing processes, making them suitable for a wide range of applications. Examples of bio-based resins include epoxy resins derived from soybean oil or epoxidized vegetable oils, polyurethane resins synthesized from plant-based polyols, and unsaturated polyester resins derived from bio-based monomers. Bio-based resins enable manufacturers to produce more sustainable products while meeting consumer demand for eco-friendly alternatives and complying with regulatory requirements for reducing environmental impact. With ongoing research and development efforts focused on improving the performance, cost-effectiveness, and scalability of bio-based resin technologies, bio-based resins are poised to play a significant role in driving the transition towards a more sustainable and circular economy.
The market report analyses the leading companies in the industry including Arkema S.A., BASF SE, Biotec, Braskem SA, Corbion NV, Danimer Scientific, DuPont de Nemours Inc, Futerro, Minima, Natureworks LLC, Novamont SpA, Trinseo, Yield10 Bioscience Inc, and others.
A prominent trend in the bio-based resins market is the shift towards sustainable materials in manufacturing processes, driven by environmental concerns, regulatory mandates, and consumer demand for eco-friendly products. Bio-based resins, derived from renewable biomass sources such as plant oils, starches, or lignocellulosic materials, offer a more environmentally sustainable alternative to conventional petroleum-based resins, reducing dependence on fossil fuels and minimizing carbon emissions. This trend is reshaping various industries, including packaging, construction, automotive, and textiles, with manufacturers increasingly opting for bio-based resins to meet sustainability goals and address market demand for greener products.
The primary driver fueling the growth of the bio-based resins market is regulatory support and corporate sustainability initiatives promoting the use of renewable and biodegradable materials in manufacturing processes. Governments worldwide are implementing policies and standards to reduce carbon emissions, encourage recycling, and incentivize the adoption of bio-based resins as alternatives to traditional petroleum-derived resins. Additionally, many companies are setting ambitious sustainability targets and commitments to reduce their environmental footprint, driving the adoption of bio-based resins in various applications, including packaging, consumer goods, and building materials. As regulatory pressures and corporate sustainability initiatives intensify, the demand for bio-based resins is expected to continue rising, creating opportunities for market growth and innovation.
An emerging opportunity within the bio-based resins market lies in collaboration for material innovation and market expansion, leveraging partnerships across the value chain to accelerate adoption and drive commercialization. Collaboration between bio-based resin producers, technology developers, end-users, and regulatory authorities can facilitate the development of scalable production processes, ensure product quality and performance, and address regulatory requirements. Additionally, partnerships can enable market expansion efforts by identifying new applications, exploring emerging markets, and educating stakeholders about the benefits of bio-based resins. By fostering collaboration and leveraging synergies, stakeholders in the bio-based resins market can unlock opportunities for sustainable growth and contribute to the transition towards a more environmentally friendly and circular economy.
Polylactic Acid (PLA) is the largest segment in the Bio-based Resins Market by Type, driven by its versatile properties, widespread applications, and increasing demand across various industries. PLA is a bio-based resin derived from renewable resources such as corn starch or sugarcane. It is biodegradable, compostable, and exhibits excellent mechanical and thermal properties, making it suitable for a wide range of applications, including packaging, textiles, medical devices, and consumer goods. The growing consumer awareness regarding environmental sustainability and the shift towards eco-friendly alternatives to conventional plastics have propelled the demand for PLA-based products. Moreover, technological advancements in PLA production processes, such as improved polymerization techniques and the development of novel additives, have enhanced the performance and applicability of PLA in diverse end-use sectors. As regulatory initiatives worldwide promote the use of sustainable materials and industries seek to reduce their carbon footprint, the demand for PLA is expected to continue its upward trajectory, solidifying its position as the largest segment in the Bio-based Resins Market.
The Packaging segment stands out as the fastest-growing in the Bio-based Resins Market by Application. With increasing concerns over plastic pollution and the environmental impact of conventional plastics, there is a growing demand for sustainable packaging solutions. Bio-based resins offer a promising alternative to traditional petroleum-based plastics, as they are derived from renewable resources such as plant-based feedstocks. Additionally, bio-based resins used in packaging applications are often biodegradable or compostable, addressing end-of-life concerns and supporting the circular economy. Moreover, advancements in bio-based resin technology have led to the development of materials with improved performance characteristics, including enhanced mechanical properties and barrier properties, making them suitable for a wide range of packaging applications. As consumer preferences shift towards eco-friendly packaging options and regulatory initiatives promote the use of sustainable materials, the Packaging segment is expected to experience significant growth in the Bio-based Resins Market.
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Arkema S.A.
BASF SE
Biotec
Braskem SA
Corbion NV
Danimer Scientific
DuPont de Nemours Inc
Futerro
Minima
Natureworks LLC
Novamont SpA
Trinseo
Yield10 Bioscience Inc
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Bio based Resins Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Bio based Resins Market Size Outlook, $ Million, 2021 to 2032
3.2 Bio based Resins Market Outlook by Type, $ Million, 2021 to 2032
3.3 Bio based Resins Market Outlook by Product, $ Million, 2021 to 2032
3.4 Bio based Resins Market Outlook by Application, $ Million, 2021 to 2032
3.5 Bio based Resins Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Bio based Resins Industry
4.2 Key Market Trends in Bio based Resins Industry
4.3 Potential Opportunities in Bio based Resins Industry
4.4 Key Challenges in Bio based Resins Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Bio based Resins Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Bio based Resins Market Outlook by Segments
7.1 Bio based Resins Market Outlook by Segments, $ Million, 2021- 2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
8 North America Bio based Resins Market Analysis and Outlook To 2032
8.1 Introduction to North America Bio based Resins Markets in 2024
8.2 North America Bio based Resins Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Bio based Resins Market size Outlook by Segments, 2021-2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
9 Europe Bio based Resins Market Analysis and Outlook To 2032
9.1 Introduction to Europe Bio based Resins Markets in 2024
9.2 Europe Bio based Resins Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Bio based Resins Market Size Outlook by Segments, 2021-2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
10 Asia Pacific Bio based Resins Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Bio based Resins Markets in 2024
10.2 Asia Pacific Bio based Resins Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Bio based Resins Market size Outlook by Segments, 2021-2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
11 South America Bio based Resins Market Analysis and Outlook To 2032
11.1 Introduction to South America Bio based Resins Markets in 2024
11.2 South America Bio based Resins Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Bio based Resins Market size Outlook by Segments, 2021-2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
12 Middle East and Africa Bio based Resins Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Bio based Resins Markets in 2024
12.2 Middle East and Africa Bio based Resins Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Bio based Resins Market size Outlook by Segments, 2021-2032
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arkema S.A.
BASF SE
Biotec
Braskem SA
Corbion NV
Danimer Scientific
DuPont de Nemours Inc
Futerro
Minima
Natureworks LLC
Novamont SpA
Trinseo
Yield10 Bioscience Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Biodegradable Starch Blends
Polylactic Acid (PLA)
Bio-polyethylene Terephthalate (Bio-PET)
Polyhydroxyalkanoate (PHA)
Bio-polyethylene (Bio-PE)
Biodegradable Polyesters
Others
By Application
Packaging
Textiles
Consumer Goods
Automotive
Agriculture
Building and Construction
Electronics
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Bio-based Resins Market Size is valued at $5.7 Billion in 2024 and is forecast to register a growth rate (CAGR) of 9.8% to reach $12 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Arkema S.A., BASF SE, Biotec, Braskem SA, Corbion NV, Danimer Scientific, DuPont de Nemours Inc, Futerro, Minima, Natureworks LLC, Novamont SpA, Trinseo, Yield10 Bioscience Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume