Report Code : CVMI2412310 | Published Date : March 3, 2025
The global bio-based polymers market was valued at USD 12.8 billion in 2023 and is projected to reach USD 29.4 billion by 2031, growing at a CAGR of 10.9%. This exponential growth is driven by the plastics sustainability revolution, with bio-polymers now competing with conventional plastics in packaging, textiles, consumer goods, and automotive applications. The market includes both biodegradable and durable bio-based polymers derived from agricultural feedstocks, microbial fermentation, and CO₂ conversion technologies.
2024 Market Breakthroughs
Next-Gen Feedstock Innovation
- Corbion's PLLA from second-generation feedstocks: 60% lower land use compared to first-generation.
- LanzaTech's CO₂-to-Polymer: Ethanol-derived polyethylene with a negative carbon footprint
- Full Cycle Bioplastics: PHA from food waste (85% cost reduction)
Performance Parity Achievements
- Danimer's Nodax PHA: Matches PP mechanical properties
- Avantium's FDCA: Heat resistance to 120°C for hot-fill applications
- Novamont's MATER-BI: Oil-resistant formulations for automotive
Circular Economy Solutions
- Aquapak's Hydropol: Marine-safe dissolution in 28 days
- UBQ's waste-to-polymer: 100% municipal waste conversion
- Loop's enzyme-triggered depolymerization: Closed-loop recycling
Market Drivers
Regulatory Tsunami
- EU Single-Use Plastics Directive eliminating 10+ conventional items
- California's SB-54 mandating 65% plastic waste reduction by 2032
- 43 countries now taxing virgin fossil-based polymers
Corporate Sustainability Commitments
- P&G, Unilever, Nestlé pledging 100% recyclable/compostable packaging
- Automotive sector targeting 30% bio-content in interiors by 2025
- Fashion industry adopting bio-based fibers for 40% of polyester
Economic Viability
- PLA now price-competitive with PET at USD 1.25/lb
- PHA production costs down 70% since 2020
- Scale economies reducing bio-PP premium to <15%
Competitive Landscape
Company |
Market Share |
Flagship Product |
Technology Edge |
NatureWorks |
25% |
Ingeo PLA |
100% biobased lactide |
BASF |
20% |
Ecovio® |
Certified compostable |
Braskem |
18% |
Green PE |
Drop-in replacement |
Emerging Disruptors:
- Genomatica: Bio-nylon from plant sugars (Series D USD 118M)
- Notpla: Seaweed-based packaging (2024 IPO)
- PlasticFri: Agricultural waste polymers (30 patents)
Market Segmentation
- By Polymer Type:
- PLA (35%)
- PHA (XX%)
- Bio-PET (XX%)
- Others (XX%)
- By End-Use:
- Packaging (45%)
- Consumer Goods (XX%)
- Automotive (XX%)
- Textiles (XX%)
- Others (XX%)
- By Region:
- Europe (40%)
- North America (XX%)
- Asia-Pacific (XX%)
- RoW (5%)
Recent Developments (2024)
- Q1: Coca-Cola launches 100% PHA-based water bottle
- Q2: EU approves €3.2B Advanced Bioeconomy Fund
Q3: Adidas transitions 60% of footwear to bio-based polymers
Reasons To Buy

Scope

Key Players
- Bio-based Polymers Market – BASF SE
- DuPont
- Corbion
- Arkema
- NatureWorks
- Mitsubishi Chemical
- Braskem
- Novamont
- Roquette
- Evonik
- PTT Global Chemical.
Global Bio-based Polymers Market Report
Global Bio-based Polymers Market Report
- 1. Global Bio-based Polymers Market Research Report
- 1.1 Study Objectives
- 1.2 Global Bio-based Polymers Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Bio-based Polymers Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Product Type
- 2.1.2 By Application
- 2.1.3 By End-user Industry
- 2.1.4 By Source
- 2.1.5 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Product Type, By Application, By End-user Industry, By Source, By Country
- 3.3. Opportunities – By Product Type, By Application, By End-user Industry, By Source, By Country
- 3.4. Trends – By Product Type, By Application, By End-user Industry, By Source, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Bio-based Polymers Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Polylactic Acid (PLA)
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Polyhydroxyalkanoates (PHA)
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Bio-Polyethylene
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Others
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Packaging
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Automotive
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Textiles
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Construction
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.5 Others
- 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Consumer Goods
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Agriculture
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Healthcare
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4 Others
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Sugar-based
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Starch-based
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Vegetable Oil-based.
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 North America
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Europe
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Asia-Pacific
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.4 Latin America
- 9.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.5 Middle East & Africa
- 9.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.6 Global Bio-based Polymers Market - Opportunity Analysis Index, By Product Type, By Application, By End-user Industry, By Source, and Region, 2024 - 2031
- 10.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Polylactic Acid (PLA)
- 10.1.2 Polyhydroxyalkanoates (PHA)
- 10.1.3 Bio-Polyethylene
- 10.1.4 Others
- 10.2.1 Packaging
- 10.2.2 Automotive
- 10.2.3 Textiles
- 10.2.4 Construction
- 10.2.5 Others
- 10.3.1 Consumer Goods
- 10.3.2 Agriculture
- 10.3.3 Healthcare
- 10.3.4 Others
- 10.4.1 Sugar-based
- 10.4.2 Starch-based
- 10.4.3 Vegetable Oil-based.
- 10.5.1 United States
- 10.5.2 Canada
10.7 Regional Trends Analysis
10.8 North America Global Bio-based Polymers Market Research Report - Company Profiles- 10.8.1 Company 1 (United States)
- 10.8.2 Company 2 (Canada)
- 10.8.3 Company 3 (Canada)
- 11.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Polylactic Acid (PLA)
- 11.1.2 Polyhydroxyalkanoates (PHA)
- 11.1.3 Bio-Polyethylene
- 11.1.4 Others
- 11.2.1 Packaging
- 11.2.2 Automotive
- 11.2.3 Textiles
- 11.2.4 Construction
- 11.2.5 Others
- 11.3.1 Consumer Goods
- 11.3.2 Agriculture
- 11.3.3 Healthcare
- 11.3.4 Others
- 11.4.1 Sugar-based
- 11.4.2 Starch-based
- 11.4.3 Vegetable Oil-based.
- 11.5.1 Germany
- 11.5.2 United Kingdom
- 11.5.3 France
- 11.5.4 Spain
- 11.5.5 Italy
- 11.5.6 Russia
- 11.5.7 Netherlands
- 11.5.8 Poland
- 11.5.9 Rest of Europe
11.7 Regional Trends Analysis
11.8 Europe Global Bio-based Polymers Market Research Report - Company Profiles- 11.8.1 Company 1 (Germany)
- 11.8.2 Company 2 (United Kingdom)
- 11.8.3 Company 3 (United Kingdom)
- 12.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Polylactic Acid (PLA)
- 12.1.2 Polyhydroxyalkanoates (PHA)
- 12.1.3 Bio-Polyethylene
- 12.1.4 Others
- 12.2.1 Packaging
- 12.2.2 Automotive
- 12.2.3 Textiles
- 12.2.4 Construction
- 12.2.5 Others
- 12.3.1 Consumer Goods
- 12.3.2 Agriculture
- 12.3.3 Healthcare
- 12.3.4 Others
- 12.4.1 Sugar-based
- 12.4.2 Starch-based
- 12.4.3 Vegetable Oil-based.
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 South Korea
- 12.5.5 Australia & NZ
- 12.5.6 ASEAN
- 12.5.7 Rest of Asia-Pacific
12.7 Regional Trends Analysis
12.8 Asia-Pacific Global Bio-based Polymers Market Research Report - Company Profiles- 12.8.1 Company 1 (China)
- 12.8.2 Company 2 (Japan)
- 12.8.3 Company 3 (Japan)
- 13.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Polylactic Acid (PLA)
- 13.1.2 Polyhydroxyalkanoates (PHA)
- 13.1.3 Bio-Polyethylene
- 13.1.4 Others
- 13.2.1 Packaging
- 13.2.2 Automotive
- 13.2.3 Textiles
- 13.2.4 Construction
- 13.2.5 Others
- 13.3.1 Consumer Goods
- 13.3.2 Agriculture
- 13.3.3 Healthcare
- 13.3.4 Others
- 13.4.1 Sugar-based
- 13.4.2 Starch-based
- 13.4.3 Vegetable Oil-based.
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Argentina
- 13.5.4 Peru
- 13.5.5 Colombia
- 13.5.6 Rest of Latin America
13.7 Regional Trends Analysis
13.8 Latin America Global Bio-based Polymers Market Research Report - Company Profiles- 13.8.1 Company 1 (Brazil)
- 13.8.2 Company 2 (Mexico)
- 13.8.3 Company 3 (Mexico)
- 14.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Polylactic Acid (PLA)
- 14.1.2 Polyhydroxyalkanoates (PHA)
- 14.1.3 Bio-Polyethylene
- 14.1.4 Others
- 14.2.1 Packaging
- 14.2.2 Automotive
- 14.2.3 Textiles
- 14.2.4 Construction
- 14.2.5 Others
- 14.3.1 Consumer Goods
- 14.3.2 Agriculture
- 14.3.3 Healthcare
- 14.3.4 Others
- 14.4.1 Sugar-based
- 14.4.2 Starch-based
- 14.4.3 Vegetable Oil-based.
- 14.5.1 Saudi Arabia
- 14.5.2 UAE
- 14.5.3 South Africa
- 14.5.4 Egypt
- 14.5.5 Israel
- 14.5.6 Rest of Middle East and Africa
14.7 Regional Trends Analysis
14.8 Middle East & Africa Global Bio-based Polymers Market Research Report - Company Profiles- 14.8.1 Company 1 (Saudi Arabia)
- 14.8.2 Company 2 (UAE)
- 14.8.3 Company 3 (UAE)
- 15.1 Strategic Dashboard of Top Market Players
15.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 15.2.1 Bio-based Polymers Market – BASF SE
- 15.2.2 DuPont
- 15.2.3 Corbion
- 15.2.4 Arkema
- 15.2.5 NatureWorks
- 15.2.6 Mitsubishi Chemical
- 15.2.7 Braskem
- 15.2.8 Novamont
- 15.2.9 Roquette
- 15.2.10 Evonik
- 15.2.11 PTT Global Chemical.
17. Principal Presumptions and Acronyms