Bio Plasticizers Market

Bioplasticizers are polymer additives designed to improve flexibility, softness, processability and volatility. A plasticized material. They are based on renewable raw materials and are made from raw materials of plant origin. Raw materials such as soybean, palm oil, castor oil, citrate, stearic acid, starch. Bioemollients are widely used in PVC. 

Market Dynamics:

The most important raw materials for the production of bio emollients include castor oil, soybean oil and linseed oil. Increased application of bio plasticizers in various end-use industries such as automotive, construction, packaging, textiles, transportation, and agriculture is expected to drive industry growth in the coming years. Consumer Goods is one of the fastest growing segments of the bio plasticizer market. Favorable government regulations on the use of bio plasticizers in the automotive, textile and consumer goods industries are expected to drive the global market during the forecast period. The use of bio plasticizers in packaging is expected to offer significant lucrative opportunities, for example the small amount of bio plastic required for beverage packaging compared to other conventional materials.  

The price of bio plasticizers is directly related to the availability and price of epoxidized soybean oil (ESBO), succinic acid and castor oil, the main raw materials for bio plasticizer production. Oilseed prices are driven by several factors, including global supply and demand imbalances due to declining inventories, increased demand for castor oil from various application segments, production of other major crops, and weather conditions

Key features of the study:

• This report provides in-depth analysis of the global Bio Plasticizers market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global Bio Plasticizers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., Kerry Group, Mane SA, and Huabao International Holdings Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global Bio Plasticizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Bio Plasticizers market

Detailed Segmentation:

• Global Bio Plasticizers Market, By Product
  • Epoxidized Soybean Oil (ESBO)
  • Castor Oil- Based Plasticizers
  • Citrates
  • Succinic Acid
  • Others
• Global Bio Plasticizers Market, By End Use
  • Building & Construction
  • Packaging Material
  • Consumer Goods
  • Medical Devices
  • Automotive & Transportation
  • Others
• Global Bio Plasticizers Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Givaudan SA,
  • International Flavors & Fragrances Inc.,
  • Firmenich SA,
  • Symrise AG,
  • Takasago International Corporation,
  • Sensient Technologies Corporation,
  • Hasegawa Co., Ltd.,
  • Kerry Group, Mane SA,
  • Huabao International Holdings Limited