Bio Based Resins Market Research By Share & Size Report 2029F

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 5499.37 Million
CAGR (2024-2029)	6.99%
Fastest Growing Segment	Polylactic Acids
Largest Market	North America

Market Overview

Global Bio-based Resins Market has valued at USD 5499.37 Million in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.99% through 2029. The bio-based resins market is experiencing robust growth driven by escalating environmental concerns and a shift toward sustainable practices. With stringent regulations favoring eco-friendly alternatives, bio-based resins derived from renewable sources are gaining traction. Technological advancements, particularly in biotechnology and fermentation processes, enhance production efficiency, making these resins more cost competitive. Collaborations and investments foster innovation, propelling the market forward. Rising consumer awareness and preferences for environmentally friendly products, coupled with increasing demand from diverse industries like packaging, automotive, and construction, further contribute to the sector's expansion. As the world grapples with plastic waste issues, bio-based resins offer a promising solution, with their biodegradability and composability aligning with global trends toward sustainable living and circular economies. The market's trajectory is also influenced by fluctuations in oil prices, impacting the competitiveness of bio-based alternatives in comparison to traditional resins.

Key Market Drivers

Environmental Regulations

Stringent environmental regulations play a pivotal role in driving the growth of the bio-based resins market. Governments and regulatory bodies worldwide are increasingly implementing measures to address environmental concerns, emphasizing the need to reduce the environmental impact of various industries. Regulations may include restrictions on the use of non-renewable resources, emissions standards, and mandates to adopt sustainable practices.

In response to these regulations, businesses are seeking alternative materials that align with environmental goals. Bio-based resins, derived from renewable sources like plant-based feedstocks, meet these criteria, offering a sustainable and eco-friendly alternative to traditional petrochemical-based resins. Companies that adopt bio-based resins can not only comply with existing regulations but also position themselves as environmentally responsible entities, meeting the expectations of both regulators and environmentally conscious consumers.

The regulatory push towards sustainability creates a favorable market environment for bio-based resins, driving research and development efforts, technological innovations, and market adoption. As environmental regulations continue to evolve, the demand for bio-based resins is expected to rise, contributing to the ongoing shift towards more sustainable and environmentally friendly industrial practices.

Consumer Demand for Sustainable Products

Consumer Demand for Sustainable Products is a pivotal driver in the bio-based resins market. With heightened awareness of environmental issues, consumers are actively seeking products that align with their sustainability values. The demand for eco-friendly alternatives extends across various industries, including packaging, where bio-based resins offer a greener option for reducing the environmental impact of packaging materials. Additionally, in sectors like textiles and automotive, where consumers are increasingly conscious of the lifecycle of products, bio-based resins find favor due to their renewable sourcing and biodegradability features.

Consumers are not only choosing products based on functionality but are also considering the ecological footprint associated with the production and disposal of those products. This shift in consumer behavior is pushing manufacturers and brands to integrate sustainable materials, such as bio-based resins, into their supply chains to meet market demands. As a result, companies that can demonstrate a commitment to sustainability are likely to gain a competitive edge, driving further innovation and growth in the bio-based resins market. Overall, consumer-driven demand for sustainable alternatives is a potent force shaping the bio-based resins landscape and influencing industry practices towards a more environmentally conscious future.

Technological Advancements

Technological advancements play a pivotal role in propelling the bio-based resins market forward. Ongoing developments in biotechnology, fermentation processes, and other production technologies are instrumental in improving the efficiency and cost-effectiveness of manufacturing bio-based resins. Biotechnology allows for the manipulation of biological systems, facilitating the production of bio-based resins from renewable feedstocks. Enhanced fermentation processes optimize the conversion of raw materials into bio-based resin products, contributing to higher yields and lower production costs.

The continuous refinement of production techniques enables manufacturers to scale up bio-based resin production, making these alternatives more economically competitive with traditional petrochemical-based resins. Additionally, technological innovations help address challenges such as achieving consistent product quality and meeting the specific requirements of diverse end-user industries. As the bio-based resin sector benefits from these advancements, it becomes more attractive to businesses seeking sustainable and environmentally friendly materials.

Waste Management Concerns

Growing concerns about plastic pollution and the environmental impact of conventional plastics have elevated the importance of waste management in global discussions. Bio-based resins address these concerns by offering improved end-of-life options. Traditional plastics often contribute to long-lasting pollution, as they may take hundreds of years to degrade. In contrast, bio-based resins, derived from renewable sources like plant-based feedstocks, are designed to be biodegradable or compostable.

Bio-based resins provide a sustainable solution to the challenges posed by plastic waste. Their biodegradability allows them to break down naturally into harmless substances, reducing the accumulation of persistent plastic pollution in ecosystems. Compostable bio-based resins can be organically broken down in composting facilities, contributing to nutrient-rich soil rather than persisting as environmental hazards.

Industries, especially those involved in packaging and single-use products, are increasingly recognizing the importance of aligning with waste management concerns. The adoption of bio-based resins not only meets consumer expectations for sustainable products but also supports industries in transitioning towards more environmentally responsible practices. As waste management and circular economy principles gain prominence, the demand for bio-based resins is likely to escalate, driven by their positive impact on reducing plastic pollution and fostering a more sustainable approach to material usage.

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Key Market Challenges

Cost Competitiveness

One of the primary challenges facing the bio-based resins market is the issue of cost competitiveness. In comparison to traditional petroleum-based resins, the production processes and raw materials associated with bio-based resins often incur higher expenses. Factors such as the cultivation of bio-based feedstocks, extraction processes, and refining techniques contribute to elevated production costs. As a result, bio-based resins may struggle to compete with their conventional counterparts on a purely economic basis. Achieving cost parity or cost competitiveness is crucial for wider adoption, and ongoing efforts in research, technological innovation, and process optimization are essential to reduce production costs and enhance the economic viability of bio-based resins in the global market.

Limited Feedstock Availability

A significant challenge facing the bio-based resins market is the limited availability of suitable feedstocks. Bio-based resins are typically derived from renewable sources such as crops, sugarcane, or plant-based materials. However, the competition for these feedstocks with other industries, particularly the food and agriculture sectors, raises concerns about resource scarcity. The cultivation of dedicated bio-based resin crops can potentially impact global food production and lead to deforestation.

Furthermore, the dependence on specific feedstocks makes the bio-based resin industry vulnerable to fluctuations in supply, weather conditions, and geopolitical factors. To overcome this challenge, research and development efforts focus on identifying alternative and more abundant feedstock sources, exploring advanced extraction methods, and promoting sustainable agricultural practices to ensure a stable and environmentally responsible supply chain for bio-based resin production.

Key Market Trends

Increased Demand for Sustainable Packaging

A prominent trend driving the bio-based resins market is the heightened demand for sustainable packaging solutions. As environmental consciousness grows globally, consumers are increasingly seeking products with reduced environmental impact, prompting industries to reevaluate their packaging materials. Bio-based resins, derived from renewable sources like plant-based feedstocks, present an eco-friendly alternative to traditional petroleum-based plastics.

The emphasis on sustainable packaging is particularly evident in industries such as food and beverage, cosmetics, and consumer goods. Companies are responding to consumer preferences by incorporating bio-based resins into their packaging designs, reducing reliance on non-renewable resources. These resins offer the advantage of being biodegradable or compostable, addressing concerns about plastic pollution and contributing to a more circular and environmentally responsible supply chain.

Furthermore, regulatory initiatives and corporate sustainability goals are aligning with this trend, fostering a business environment where the adoption of bio-based resins becomes not just a choice driven by consumer demand but also a strategic move towards meeting regulatory compliance and achieving long-term environmental objectives. This trend is reshaping the packaging industry, encouraging innovation, and propelling the bio-based resins market forward as a key player in sustainable packaging solutions.

Advancements in Biotechnology

Biotechnological advancements are playing a pivotal role in shaping the future of bio-based resins. Researchers and companies are increasingly leveraging biotechnology and genetic engineering to enhance the properties and performance of bio-based resins. One notable focus is on modifying the molecular structure of bio-based polymers to achieve improved strength, durability, and functionality, addressing historical concerns about the mechanical properties of these materials compared to traditional petrochemical-based resins.

In the realm of bio-based resins, biotechnology allows for the development of tailored solutions that cater to specific industrial needs. For instance, scientists are exploring the engineering of microorganisms to produce bio-based monomers with desired characteristics, paving the way for resins with enhanced thermal stability, resistance to chemicals, and mechanical strength.

Furthermore, biotechnological innovations contribute to the diversification of feedstocks. Researchers are exploring non-food crops, algae, and waste streams as alternative sources for bio-based resin production, reducing dependence on traditional agricultural crops and mitigating concerns about resource competition.

As biotechnological research progresses, it holds the potential to revolutionize the bio-based resin industry, making these sustainable alternatives more versatile, cost-effective, and applicable across a broader spectrum of industries, including packaging, automotive, and construction. The integration of biotechnology into bio-based resin development is a key driver for overcoming performance limitations and unlocking new possibilities for sustainable materials in various applications.

Segmental Insights

Type Insights

Polylactic Acid (PLA) has emerged as the dominant type in the Global Bio-based Resins Market for several compelling reasons. PLA is derived from renewable resources, primarily corn starch or sugarcane, making it a bio-based alternative with a lower environmental impact compared to traditional petrochemical-based resins. Its biodegradability and composability align with the increasing demand for eco-friendly materials, particularly in packaging and single-use products. PLA's versatility and compatibility with existing manufacturing processes also contribute to its prominence. As consumer preferences shift towards sustainable options, industries prioritize PLA for its renewable sourcing, reduced carbon footprint, and comparable performance to conventional plastics. The bio-based nature, combined with its diverse applications, positions PLA as a frontrunner in the bio-based resins market, reflecting the broader trend towards sustainable and environmentally responsible material choices.

Application Insights

Packaging's dominance in the global bio-based resins market can be attributed to various compelling factors. First and foremost, there is a heightened global focus on sustainable and eco-friendly practices, with packaging being a critical component of this shift. Bio-based resins, often derived from renewable sources, offer a viable alternative to traditional petroleum-based plastics, addressing concerns about environmental impact and plastic pollution. Moreover, stringent regulations and consumer demand for green packaging solutions have accelerated the adoption of bio-based resins.

The versatility of bio-based resins allows for the creation of a wide range of packaging materials, catering to diverse industry needs. As sustainability becomes a key decision-making factor for businesses and consumers alike, bio-based resins align with this preference, offering packaging solutions that are biodegradable or compostable. The packaging industry's strategic emphasis on reducing its carbon footprint and embracing circular economy principles further cements the dominance of bio-based resins, making packaging a key driver in the global market for sustainable and environmentally friendly materials.

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Regional Insights

North America currently dominates the global bio-based resins market due to a combination of factors that collectively contribute to its commanding position. Stringent environmental regulations and a strong emphasis on sustainable practices in the region have accelerated the adoption of bio-based resins, aligning with the broader global shift towards eco-friendly solutions. The presence of well-established industries, particularly in packaging, automotive, and consumer goods, has created a robust demand for bio-based resins. Additionally, increased awareness among consumers about the environmental impact of traditional plastics has driven businesses to explore greener alternatives, further boosting the market for bio-based resins. Ongoing research and development initiatives, coupled with strategic investments in sustainable technologies, position North America at the forefront of the bio-based resins market, reflecting a regional commitment to fostering a more sustainable and circular economy.

Recent Developments

In October 2023, BASF bolstered its monomers portfolio with the introduction of Bio-Based 2-Octyl Acrylate. This expansion underscores BASF's unwavering dedication to innovative solutions for a sustainable future, featuring an impressive 73% of bio-based content traceable through the ISO 16620 standard. This strategic move reinforces BASF's commitment to advancing sustainable practices in the industry.
In 2020, Corbion and TotalEnergies unveiled their joint commitment to construct a new plant for producing PLA bioplastics in France. This collaborative venture serves as a clear demonstration of their dedication to the expanding bioplastics market, highlighting their strategic investment in sustainable solutions.

Key Market Players

BASF SE
Arkema SA
Corbion N.V.
Covation Biomaterials
Danimer Scientific, Inc
Futerro S.A.
NatureWorks LLC
Novamont SpA
Bitrez Ltd
Braskem SA

By Type	By Application	By Region
Biodegradable Starch Blends Polylactic Acid Bio-polyethylene Terephthalate Bio-polyethylene Others	Packaging Textile Consumer Goods Automotive and Transportation Building and Construction Electrical and Electronics Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Bio-based Resins Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bio-based Resins Market, By Type:

o Biodegradable Starch Blends

o Polylactic Acid

o Bio-polyethylene Terephthalate

o Bio-polyethylene

o Others

Bio-based Resins Market, By Application:

o Packaging

o Textile

o Consumer Goods

o Automotive and Transportation

o Building and Construction

o Electrical and Electronics

o Others

Bio-based Resins Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Bio-based Resins Market.

Available Customizations:

Global Bio-based Resins market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Bio-based Resins Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validations

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Bio-based Resins Market

5. Voice of Customer

6. Global Bio-based Resins Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Biodegradable Starch Blends, Polylactic Acid, Bio-polyethylene Terephthalate, Bio-polyethylene, Others)

6.2.2. By Application (Packaging, Textile, Consumer Goods, Automotive and Transportation, Building and Construction, Electrical and Electronics, Others)

6.2.3. By Region

6.2.4. By Company (2023)

6.3. Market Map

7. North America Bio-based Resins Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. North America: Country Analysis

7.3.1. United States Bio-based Resins Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. Canada Bio-based Resins Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. Mexico Bio-based Resins Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

8. Europe Bio-based Resins Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Bio-based Resins Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. United Kingdom Bio-based Resins Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Italy Bio-based Resins Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecasty

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.4. France Bio-based Resins Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.5. Spain Bio-based Resins Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

9. Asia-Pacific Bio-based Resins Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Bio-based Resins Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. India Bio-based Resins Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. Japan Bio-based Resins Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

9.3.4. South Korea Bio-based Resins Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Application

9.3.5. Australia Bio-based Resins Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Application

10. South America Bio-based Resins Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Bio-based Resins Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.2. Argentina Bio-based Resins Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.3. Colombia Bio-based Resins Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

11. Middle East and Africa Bio-based Resins Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Bio-based Resins Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Application

11.3.2. Saudi Arabia Bio-based Resins Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Application

11.3.3. UAE Bio-based Resins Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Recent Development

13.2. Mergers & Acquisitions

13.3. Product Launches

14. Global Bio-based Resins Market: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1. Competition in the Industry

15.2. Potential of New Entrants

15.3. Power of Suppliers

15.4. Power of Customers

15.5. Threat of Substitute Products

16. Competitive Landscape

16.1. BASF SE

16.1.1. Business Overview

16.1.2. Service Offerings

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. SWOT Analysis

16.2. Arkema SA

16.3. Corbion N.V.

16.4. Covation Biomaterials

16.5. Danimer Scientific, Inc

16.6. Futerro S.A.

16.7. NatureWorks LLC

16.8. Novamont SpA

16.9. Bitrez Ltd

16.10. Braskem SA

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Figure 1: Global Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 2: Global Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 3: Global Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 4: Global Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 5: Global Bio-based Resins Market Share, By Region, By Value, 2019-2029F

Figure 6: Global Bio-based Resins Market Share, By Company, By Value, 2023

Figure 7: Global Bio-based Resins Market, By Type, Market Size (USD Million) & Growth Rate (%), 2023

Figure 8: Global Bio-based Resins Market, By Application, Market Size (USD Million) & Growth Rate (%), 2023

Figure 9: Global Bio-based Resins Market, By Region, Market Size (USD Million) & Growth Rate (%), 2023

Figure 10: Asia Pacific Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 11: Asia Pacific Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 12: Asia Pacific Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 13: Asia Pacific Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 14: Asia Pacific Bio-based Resins Market Share, By Country, By Value, 2019-2029F

Figure 15: China Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 16: China Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 17: China Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 18: China Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 19: India Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 20: India Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 21: India Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 22: India Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 23: Australia Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 24: Australia Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 25: Australia Based Resin Market Share, By Type, By Value, 2019-2029F

Figure 26: Australia Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 27: Japan Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 28: Japan Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 29: Japan Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 30: Japan Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 31: South Korea Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 32: South Korea Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 33: South Korea Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 34: South Korea Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 35: Europe Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 36: Europe Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 37: Europe Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 38: Europe Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 39: Europe Bio-based Resins Market Share, By Country, By Value, 2019-2029F

Figure 40: Germany Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 41: Germany Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 42: Germany Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 43: Germany Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 44: Italy Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 45: Italy Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 46: Italy Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 47: Italy Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 48: France Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 49: France Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 50: France Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 51: France Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 52: Spain Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 53: Spain Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 54: Spain Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 55: Spain Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 56: United Kingdom Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 57: United Kingdom Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 58: United Kingdom Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 59: United Kingdom Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 60: North America Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 61: North America Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 62: North America Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 63: North America Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 64: North America Bio-based Resins Market Share, By Country, By Value, 2019-2029F

Figure 65: United States Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 66: United States Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 67: United States Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 68: United States Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 69: Canada Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 70: Canada Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 71: Canada Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 72: Canada Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 73: Mexico Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 74: Mexico Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 75: Mexico Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 76: Mexico Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 77: South America Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 78: South America Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 79: South America Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 80: South America Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 81: South America Bio-based Resins Market Share, By Country, By Value, 2019-2029F

Figure 82: Brazil Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 83: Brazil Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 84: Brazil Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 85: Brazil Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 86: Argentina Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 87: Argentina Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 88: Argentina Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 89: Argentina Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 90: Colombia Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 91: Colombia Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 92 : Colombia Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 93 : Colombia Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 94 : Middle East & Africa Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 95 : Middle East & Africa Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 96: Middle East & Africa Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 97: Middle East & Africa Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 98: Middle East & Africa Bio-based Resins Market Share, By Country, By Value, 2019-2029F

Figure 99: Saudi Arabia Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 100: Saudi Arabia Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 101: Saudi Arabia Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 102: Saudi Arabia Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 103: South Africa Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 104: South Africa Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 105: South Africa Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 106: South Africa Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Figure 107: UAE Bio-based Resins Market Size, By Value (USD Million), 2019-2029F

Figure 108: UAE Bio-based Resins Market Size, By Volume (Thousand Tonnes), 2019-2029F

Figure 109: UAE Bio-based Resins Market Share, By Type, By Value, 2019-2029F

Figure 110: UAE Bio-based Resins Market Share, By Application, By Value, 2019-2029F

Frequently asked questions

What was the market size of the Global Bio-based Resins Market in 2023?

The market size of the Global Bio-based Resins Market was estimated to be USD 5499.37 Million in 2023.

Which was the dominant segment by Type in the Global Bio-based Resins Market in 2023?

Polylactic Acid (PLA) has asserted its dominance as the premier polymer in the Global Bio-based Resins Market for compelling reasons. First and foremost, PLA is derived from renewable resources such as corn starch or sugarcane, aligning with the growing demand for eco-friendly alternatives to traditional petrochemical-based resins. Its biodegradability and composability contribute to environmental sustainability, addressing concerns about plastic pollution and end-of-life disposal.

Which is the dominant region in the Global Bio-based Resins Market?

North America's preeminent position in the global Bio-based Resins market can be attributed to several key factors. The region has consistently demonstrated a forefront commitment to sustainable practices and environmental responsibility, aligning with the global trend towards eco-friendly solutions. Stringent regulatory frameworks and a robust emphasis on reducing the environmental impact of industries have accelerated the adoption of bio-based resins.

What are the major drivers for the Global Bio-based Resins Market?

Environmental Concerns and increasing demand from end-use industries are factors driving the Global Bio-based Resins market in the forecast period 2024-2029.

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Sakshi Bajaal

Business Consultant

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Press Release

Bio-based Resins Market to Grow with a CAGR of 6.99% Globally through 2029

Jan, 2024

Environmental concerns and increasing demand from end-use industries are factors driving the Global Bio-based Resins market in the forecast period 2025-2029.

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