Biobased Products Market Report 2025 (Global Edition)

Global Biobased Products Market Report 2025 Market Size Split by Type (Biogas, Fuel Ethanols, Biodiesels, Other), by Application (Automobile Industry, Electronic Equipment, Industrialized Experimental...

Biobased Products Market Report Description

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Biobased Products Market Insights Video

Competitive Landscape of the Biobased Products Market

The biobased products market features a competitive landscape with companies focusing on innovation and sustainability to differentiate their offerings. Market participants are investing in research and development to create unique products from renewable sources. Strategic partnerships, acquisitions, and product launches are key strategies employed to expand market share and cater to evolving consumer demand for eco-friendly options.

In November 2022, Arkema made significant progress in its sustainable offerings by certifying a series of bio-attributed acrylic monomers through the mass balance approach. These monomers allowed Arkema to begin providing certified bio-attributed specialty acrylic additives and resins across various applications.

(Source:https://www.arkema.com/global/en/media/newslist/news/global/products/2022/20221121-new-range-mass-balance-acrylic-materials/)

In February 2024, Kraton Corporation launched SYLVASOLV, a biobased hydrocarbon oils line, offering performance and environmental benefits in industries such as agrochemicals. SYLVASOLV 1000 targets fertilizer coatings and crop protection.

(Source: https://www.prnewswire.com/news-releases/kraton-launches-innovative-sylvasolv-biobased-oils-product-line-302068236.html)

Top Companies Market Share in Biobased Products Industry: (In no particular order of Rank)

• Anellotech Inc
• Arkema
• Avantium
• BASF SE
• Braskem
• Clariant
• Corbion
• DSM
• Dupont
• Eastman Chemical Company
• Evonik Company
• Genomatica
• Gevo
• LANXESS
• M&G Chemicals
• PepsiCo Inc
• Plastipak Holdings Inc
• Roquette
• Solvay
• Teijin Limited
• Clariant
• Toray Industries Inc
• Toyota Tsusho Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Biobased Products Market

Which Region Dominates the Biobased Products Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region benefits from advanced research and development capabilities, enabling innovation in biobased materials. Supportive government policies, incentives, and regulations encourage the adoption of renewable resources and environmentally responsible practices. North America's diverse industrial base, including packaging, personal care, and agriculture, creates sufficient opportunities for the market to grow. Additionally, the region's commitment to reducing carbon emissions and waste further fuels the demand for biobased products, solidifying North America's leadership in this market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is the fastest-growing market for biobased products, driven by increasing environmental awareness and supportive government policies promoting sustainability. The region's large population and rapid industrialization have spurred demand for eco-friendly alternatives across various sectors, including packaging, personal care, and agriculture. Companies in the region are focusing on innovation and expanding their product portfolios to meet the rising demand for renewable and biodegradable materials. As a result, the Asia Pacific biobased products market is expected to continue its rapid growth, fueled by technological advancements and shifting consumer preferences toward sustainability.

 

The current report Scope analyzes Biobased Products Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Biobased Products

According to Cognitive Market Research, the global biobased products market size was estimated at USD 42581.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 17032.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.

• North America leads the biobased products market due to strong regulatory support and consumer awareness of sustainability. The region's robust research and development ecosystem drives innovation in biobased materials. Growing corporate commitments to eco-friendly practices and government incentives further bolster the market. As a result, North America remains a key player in the global biobased products industry.
• Segmentation analysis further highlights that North America's biobased products market is seeing growth, with biofuels like biodiesel gaining traction. However, the future lies in bio-based chemicals and materials for non-fuel uses, driven by sustainability demands and technological advancements.
• In conclusion, North America's dominance in the biobased products market is fueled by supportive policies, innovation, and consumer demand for sustainability, positioning the region for continued industry growth.
• According to Cognitive Market Research, the US had a major share in the biobased products market, with a market size of USD 13438.63 million in 2024, and is expected to grow at a CAGR of 24.0% during the forecast period. The US dominates the biobased products market due to advanced technology, strong research and innovation, and growing consumer demand for sustainable, eco-friendly products.
• The Canadian biobased products market had a market share of USD 2043.90 million in 2024 and is anticipated to grow at a CAGR of 25.0% during the forecast period. This market is experiencing significant growth, driven by increasing demand for sustainable alternatives and government support for renewable resource utilization.
• The Mexico biobased products market is projected to witness growth at a CAGR of 24.7% over the forecast period, with a market size of USD 1549.96 million in 2024.

Europe Biobased Products

According to Cognitive Market Research, the global Biobased products market size was estimated at USD 42581.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 12774.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.5% from 2024 to 2031.

• Europe's biobased products market is experiencing growth due to rising environmental awareness and strict sustainability regulations. Consumers increasingly seek eco-friendly options, prompting companies to develop innovative biobased products. Government incentives and funding for research further support market expansion. Europe's strong focus on reducing carbon emissions and waste encourages the adoption of biobased alternatives across industries.
• Segmentation analysis further highlights that the automobile industry currently dominates biobased product use in Europe, but electronics have the potential for rapid adoption due to sustainability concerns.
• In conclusion, Europe's biobased products market is poised for continued growth due to regulatory support, consumer demand for sustainability, and ongoing innovation, leading to a greener and more eco-conscious economy.
• The United Kingdom's biobased products market had a market share of USD 2146.09 million in 2024 and is projected to grow at a CAGR of 25.3% during the forecast period. The UK is a major player in the biobased products market, focusing on innovation and sustainable development, particularly in the packaging, textiles, and construction industries.
• The French biobased products market is projected to grow at a CAGR of 23.7% during the forecast period, reaching a market size of USD 1175.24 million in 2024.
• According to Cognitive Market Research, the German biobased products market size was valued at USD 2529.32 million in 2024 and is projected to grow at a CAGR of 24.7% during the forecast period. Germany's biobased products market experienced rapid growth due to strong regulatory support, consumer demand for sustainability, and innovative product development from local companies.
• The Italy biobased products market is projected to grow at a CAGR of 23.9% during the forecast period, reaching a market size of USD 1098.59 million in 2024.
• The Russian biobased products market is projected to grow at a CAGR of 23.5% during the forecast period, reaching a market size of USD 1980.03 million in 2024.
• The Spain biobased products market is projected to witness growth at a CAGR of 23.6% during the forecast period, with a market size of USD 1047.50 million in 2024.
• The Luxembourg biobased products market is projected to grow at a CAGR of 24.6% during the forecast period, reaching a market size of USD 396.01 million in 2024.
• The Portugal biobased products market is projected to grow at a CAGR of 24.3% during the forecast period, reaching a market size of USD 268.26 million in 2024.
• The Greece biobased products market is projected to grow at a CAGR of 24.8% during the forecast period, reaching USD 153.29 million in 2024.
• The rest of Europe's biobased products market is projected to witness growth at a CAGR of 23.2% during the forecast period, with a market size of USD 1980.03 million in 2024.

Asia Pacific Biobased Products

According to Cognitive Market Research, the global biobased products market size was estimated at USD 42581.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 9793.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.0% from 2024 to 2031.

• The Asia Pacific region is experiencing rapid growth in the biobased products market due to rising environmental awareness and supportive government policies. Expanding populations and increasing disposable incomes drive demand for sustainable products. Companies in the region are investing in research and development to innovate and offer a variety of eco-friendly alternatives across industries.
• Segmentation analysis reveals that the Asia Pacific biobased products market is poised for significant growth, driven by sectors like biofuels (biodiesel and biogas) and bio-based materials in automobiles and electronics. Rising environmental concerns and government regulations promoting sustainability are fueling demand for these renewable alternatives.
• In conclusion, the Asia Pacific region is poised for substantial growth in the biobased products market, driven by environmental consciousness and proactive government initiatives.
• According to Cognitive Market Research, the China biobased products market size was valued at USD 4407.15 million in 2024 and is projected to grow at a CAGR of 27.5% during the forecast period. China holds a major share in the biobased products market due to its strong manufacturing base, increasing investments, and growing demand for sustainable materials.
• The Japan biobased products market is projected to grow at a CAGR of 26.5% during the forecast period, reaching a market size of USD 1351.53 million in 2024.
• The India biobased products market had a market share of USD 1175.24 million in 2024 and is anticipated to grow at a CAGR of 29.8% during the forecast period. In India, sales of biobased products are growing rapidly due to increasing consumer awareness, government initiatives, and the demand for sustainable, eco-friendly alternatives.
• The South Korean biobased products market is projected to grow at a CAGR of 27.1% during the forecast period, reaching a market size of USD 979.37 million in 2024.
• The Australian biobased products market is projected to grow at a CAGR of 27.7% during the forecast period, reaching a market size of USD 509.27 million in 2024.
• The Southeast Asia biobased products market is projected to grow at a CAGR of 29.0% during the forecast period, reaching a market size of USD 675.76 million in 2024.
• The Rest of the Asia Pacific biobased products market is projected to witness growth at a CAGR of 27.8% during the forecast period, with a market size of USD 695.35 million in 2024.

South America Biobased Products

According to Cognitive Market Research, the global Biobased products market size was estimated at USD 42581.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 2129.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.4% from 2024 to 2031.

• In Latin America, the biobased products market is experiencing growing sales due to increasing awareness of environmental issues and a shift towards sustainability. Favorable government policies and incentives, coupled with abundant raw materials, have enabled market expansion. Industries such as packaging, agriculture, and personal care are seeing rising demand for eco-friendly and renewable products across the region.
• Segmentation analysis reveals Latin America's biobased product market for automobiles and electronics using biodiesel and biogas is poised for growth, driven by sustainability concerns and government regulations.
• In conclusion, Latin America's biobased products market is poised for further growth as sustainability awareness rises. Continued support from policies and consumer demand will drive expansion in key industries.
• According to Cognitive Market Research, the Brazil biobased products market size was valued at USD 911.24 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period. Brazil holds a significant share of the biobased products market due to its rich biodiversity and abundant renewable resources.
• The Argentina biobased products market had a market share of USD 357.68 million in 2024 and is projected to grow at a CAGR of 26.3% during the forecast period. Argentina's growing demand for biobased products is driven by increasing environmental awareness and a focus on sustainability across industries.
• The Colombia biobased products market is projected to grow at a CAGR of 25.2% during the forecast period, reaching a market size of USD 189.49 million in 2024.
• The Peru biobased products market is projected to grow at a CAGR of 25.6% during the forecast period, reaching a market size of USD 174.58 million in 2024.
• The Chile biobased products market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 153.29 million in 2024.
• The Rest of Latin America's biobased products market is projected to witness growth at a CAGR of 24.5% during the forecast period, with a market size of USD 342.78 million in 2024.

Middle East Biobased Products

According to Cognitive Market Research, the global Biobased products market size was estimated at USD 42581.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 851.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.7% from 2024 to 2031.

• In the Middle East and Africa, the growing demand for biobased products is driven by increasing awareness of environmental issues and sustainability. Consumers and industries are turning to renewable alternatives in packaging, agriculture, and construction. Favorable government policies and incentives further support market growth, encouraging the adoption of eco-friendly products across various sectors in the region.
• Segmentation analysis reveals that the Middle East and Africa's biobased product market is poised for growth, with bioplastics for cars a key driver. Biogas potential is also strong.
• In conclusion, the Middle East and Africa biobased products market is poised for sustained growth, fueled by rising eco-consciousness and supportive policies that promote the adoption of sustainable alternatives across industries.
• The GCC Countries' biobased products market is projected to witness growth at a CAGR of 26.5% over the forecast period, with a market size of USD 364.50 million in 2024. GCC countries dominate the biobased products market with strategic investments, favorable policies, and abundant renewable resources.
• The Egypt biobased products market is projected to witness growth at a CAGR of 26.0% during the forecast period, with a market size of USD 89.42 million in 2024.
• The South African biobased products market is projected to grow at a CAGR of 26.7% over the forecast period, reaching USD 134.56 million in 2024. The market experienced rapid growth due to increased demand for sustainable alternatives and supportive government policies.
• The Turkish biobased products market is projected to grow at a CAGR of 25.2% during the forecast period, reaching a market size of USD 73.24 million in 2024.
• The Nigeria biobased products market is projected to grow at a CAGR of 24.8% during the forecast period, reaching a market size of USD 89.42 million in 2024.
• The Rest of the MEA biobased products market is projected to witness growth at a CAGR of 24.7% during the forecast period, with a market size of USD 100.49 million in 2024.

Biobased Products Market Analysis

Biobased products Market Type Segment Analysis

According to Cognitive Market Research, the biodiesels segment commands a significant share in the biobased products market. Its prominence stems from the widespread adoption of biodiesel as a renewable alternative to traditional fossil fuels in transportation and industrial applications. Government mandates promoting biofuel usage and increasing concerns over greenhouse gas emissions drive demand for biodiesels. Additionally, technological advancements in biodiesel production processes enhance efficiency and sustainability, further joining the segment's position in the market.

The biogas segment is the fastest-growing sector within the biobased products market. Biogas, derived from organic waste materials, offers a renewable source of energy with minimal environmental impact. Its applications range from electricity and heat generation to vehicle fuel, making it a versatile alternative to fossil fuels. The increasing focus on waste management and the transition to clean energy sources has propelled the growth of the biogas segment. Government incentives and supportive policies further drive adoption, contributing to the overall expansion of the biobased products market.

• Biogas 
• Fuel Ethanols 
• Biodiesels 
• Other

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Biobased Products Industry. Request a Free Sample PDF!

Biobased products Market Application Segment Analysis

According to Cognitive Market Research, the automobile industry holds a major share of the biobased products market, driven by increasing demand for sustainable materials in automotive manufacturing. Automakers are integrating biobased components such as plastics, composites, and fibers into vehicle designs to reduce weight and carbon emissions. These materials offer performance advantages, including improved fuel efficiency and recyclability. The growing focus on eco-friendly vehicles and regulations on emissions further propel the adoption of biobased products in the automobile industry, contributing significantly to market growth.

In the biobased products market, electronic equipment emerges as the fastest-growing segment. Manufacturers are increasingly incorporating biobased materials into electronic devices to enhance sustainability and reduce environmental impact. Bioplastics, bio-based resins, and other renewable materials are being utilized in the production of casings, circuit boards, and components. This trend reflects the industry's commitment to embracing eco-friendly solutions while meeting the growing demand for electronics with reduced carbon footprints.

• Automobile Industry 
• Electronic Equipment 
• Industrialized Experimental Devices 
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Biobased Products Distribution Channel Segment Analysis

According to Cognitive Market Research, the indirect distribution channel segment holds a major share in the biobased products market due to its efficiency and broad reach. By working with wholesalers, distributors, and retailers, manufacturers can expand their market presence and reach a wider audience. This approach allows biobased product producers to leverage established distribution networks and relationships to increase sales and market penetration. Indirect distribution also helps optimize logistics and supply chain management, leading to more cost-effective and timely delivery of biobased products to end consumers.

The direct distribution channel segment emerges as the fastest-growing sector in the biobased products market. By avoiding intermediaries, this channel provides manufacturers with greater control over product placement, pricing, and customer relationships. Direct distribution enables companies to promptly respond to market demands, ensuring efficient supply chain management and enhanced customer satisfaction. Moreover, it facilitates direct communication between producers and consumers, fostering transparency and trust, which are vital in the increasingly competitive biobased products market.

• Direct
• Indirect

Biobased Products End-User Segment Analysis

• Residential
• Commercial

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion