Bio Plasticizers Market on the Rise: Eco-Friendly Trends and Increasing Applications in Packaging Drive Market Expansion.

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bio Plasticizers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.25 billion In 2028 At A CAGR Of 7.3%.

The bio plasticizers market size has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growth in environmental concerns, stringent regulations on traditional plasticizers, renewable feedstock utilization, consumer awareness and preference for eco-friendly products, corporate sustainability initiatives..

The bio plasticizers market size is expected to see strong growth in the next few years. It will grow to $2.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to continued emphasis on sustainable packaging, expansion of bio-based polymers market, government support for bioeconomy, increasing demand for green building materials, shift in consumer preferences toward sustainable products.. Major trends in the forecast period include collaborations and partnerships, innovative solution launches, investments in research and development, application in medical devices and pharmaceuticals..

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Bio Plasticizers Market Major Segments
The bio plasticizers market covered in this report is segmented -

1) By Type: Sebacates, Succinic Acid, Citrates, Glycerol Esters, Epoxides, Other Types
2) By Application: Flooring And Walls, Film And Sheet Coverings, Wires And Cables, Coated Fabrics, Consumer Goods, Other Applications
3) By End-Use: Automobile, Packaging, Electrical And Electronics, Textiles, Building And Construction, Medical And Healthcare, Other End Uses

Key Driver - Thriving Construction Industry Fuels Growth In The Bio-Plasticizer Market

The flourishing construction industry is expected to boost the growth of the bio plasticizer market going forward. The construction industry is the commercial manufacturing and trade sector that develops, preserves, and repairs infrastructure. In the construction sector, bio-plasticizers are used for wire insulation and jacketing, which reduce water requirements and make concrete strong and workable. For instance, in April 2023, according to the reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential constructions in US increased by over 8 % between 2020 and 2021. Furthermore, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42 %, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the flourishing construction industry is driving the growth of the bio plasticizer market.

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Prominent Trend - Plant-Based Innovations In The Bio Plasticizer Market

Product innovation is the key trend gaining popularity in the bio plasticizer market. Major companies operating in the bio plasticizer market are focusing on developing new products to sustain their position in the market. For instance, in October 2021, Cargill Incorporated, a US-based food corporation that provides agricultural and financial services, launched Biovero bio plasticizer. The unique feature of this product is its plant-based composition, which enables producers to create things more effectively than with conventional plasticizers while using less energy, trash, and material. The manufacture of flooring for residential and commercial spaces is anticipated to be the initial use for Biovero plasticizers. The phthalate-free product performs well for flooring makers while satisfying customer and regulatory standards.

Bio Plasticizers Market Players
Major companies operating in the bio plasticizers market report are ExxonMobil Corporation, Cargill Incorporated, BASF SE, Dow Inc., Evonik Industries AG, DuPont, Kao Corporation, Arkema S.A., Solvay S.A., Eastman Chemical Company, Lanxess AG, DIC Corporation, Avient Corporation, Roquette Freres, Jungbunzlauer Suisse AG, Emery Oleochemicals, Bioamber Inc., GC Innovation America, Biome Bioplastics, Cardia Bioplastics, Vertellus Specialties Inc, Matrìca S.p.A., Aurorium, Hebei Jingu Plasticizer Co. Ltd., Danisco Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the bio plasticizers market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bio plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bio Plasticizers Market Report Structure
3. Bio Plasticizers Market Trends And Strategies
4. Bio Plasticizers Market - Macro Economic Scenario
5. Bio Plasticizers Market Size And Growth
…..
27. Bio Plasticizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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