Bio-Based Foam Market is expected to reach US$ 226.4 Million by 2031 | Top Companies - BASF SE, Cargill, Inc., Huntsman Corporation, Dow Inc.

Market Size and Growth:

The Global Bio-Based Foam Market size reached US$ 43.5 Million in 2022 and is expected to reach US$ 226.4 Million by 2031, growing with a CAGR of 22.9% during the forecast period 2024-2031.

The Bio-Based Foam Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Bio-Based Foam Market refers to the industry focused on manufacturing and supplying foams derived from renewable biological sources such as plant oils, starches, and natural fibers. These eco-friendly foams are used in packaging, automotive, furniture, and construction applications, offering sustainable alternatives to conventional petroleum-based foams while reducing carbon footprint and environmental impact.

Recent Key Developments of United States:

✅ January 2026: Smithers-Oasis introduced OASIS® RenewalTM Floral Foam, a plant-based product certified OK biobased with a 4-star rating, featuring a 56% lower carbon footprint than traditional foams and initially launching in the US.

✅ December 2025: Strong growth in the US biofoam packaging market reached USD 350.29 million, driven by e-commerce expansion, sustainability demands, and advancements in plant- and fungi-derived materials.

✅ October 2025: Storopack launched FOAMplus® 7008-BIO, an innovative bio-based foam packaging solution now available in North America, enhancing sustainable protective packaging options.

Recent Key Developments of Europe:

✅ December 2025: The European Commission announced €170.7 million funding for bio-based innovations, including high-performance bio-based thermosets and polymers relevant to foam development.

✅ October 2025: Nexam Chemical partnered with Verdofoam to advance expanded PLA bioplastic foam production, targeting packaging applications to replace EPS and reduce climate impact.

✅ October 2025: The EASI ZERo project highlighted bio-based PUR foam with up to 75% bio-content for building insulation, offering lower carbon footprint and circular material incorporation.

List of the Key Players in the Bio-Based Foam Market:

BASF SE
Cargill, Inc.
Huntsman Corporation
Dow Inc.
Braskem
Woodbridge Foam Corporation
BEWI Group
INOAC Corporation
Trocellen GmbH
Sinomax USA

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Bio-Based Foam Market:

By Product: Polyurethane (PU) Foam, Polystyrene (PS) Foam, Polyethylene (PE) Foam, Polypropylene (PP) Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Others.

By Type: Rigid, Flexible.

By Raw Material: Soy-Based, Corn-Based, Sugarcane-Based, Others.

By End-User: Automotive & Transportation, Aerospace & Defense, Building & Type, Chemical, Others.

Regional Analysis

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Bio-Based Foam market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Bio-Based Foam Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Bio-Based Foam market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Bio-Based Foam Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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