Comprehensive Market Analysis on Bio-Based Material Market projected to reach USD 201.9 Billion by 2030 | CAGR of 25.8% | Forecast period 2023-2030, published by MarketDigits

Bio-Based Material Market Scope:
Market size value in 2023 - USD 40.50 Billion
Market size value in 2030 - USD 201.9 Billion
CAGR (2023-2030) - 25.8%
Forecast Period - 2023-2030
Segments Covered - Type, Application and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Arkema, BASF SE, Braskem, CLARIANT, Corbion, DSM, LANXESS, Evonik Industries, PespiCo, Roquette Frères, Solvay.

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Browse in-depth TOC on Bio-Based Material Market
178-Tables
95-Figures
332-Pages

North America is anticipated to hold the largest revenue share in Bio-Based Material market
North America accounts for the largest revenue share in the global Bio-Based Material Market, enzymatic conversion, and bio-refining, have enabled the development of innovative and cost-effective solutions. The region's strong industrial base, encompassing diverse sectors such as packaging, automotive, textiles, and construction, drives demand for bio-based materials. North American consumers are increasingly aware of environmental issues and are actively in search of sustainable alternatives to conventional products. Regulatory support, technological prowess, strong industrial base, consumer demand, investment climate, and infrastructure collectively contribute to its dominance in the bio-based material market.
Asia Pacific is experiencing rapid industrialization and urbanization, leading to increased demand for sustainable materials across various industries such as packaging, construction, automotive, and textiles. There is a growing need for bio-based materials to meet sustainability goals and address environmental concerns, further propelling the market's growth. Governments in the Asia Pacific region have implemented supportive policies and initiatives to promote the adoption of bio-based materials. The Asia Pacific region dominates the market for bio-based materials due to its abundant biomass resources, rapid industrialization, government support, investment in R&D, and growing consumer awareness.

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Top Key Players Covered in the Report-
Anellotech Inc, Arkema, BASF SE, Braskem, CLARIANT, Corbion, DSM, LANXESS, Evonik Industries, PespiCo, Roquette Frères, Solvay, and Others.

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Recent Developments-
September 2023, Dow announced a new line of propylene glycol (PG) solutions with alternative feedstocks that are lower in carbon, biobased, and circular in Europe.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-bio-based-material-market-projected-to-reach-usd-2019-billion-by-2030

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This release was published on openPR.