BIO PLASTICIZERS MARKET ANALYSIS

Bio Plasticizers MarketSize and Trends

The global Bio Plasticizers market size was valued at US$ 2.6 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. Increasing demand for bioplasticizers from the global packaging industry is expected to drive the market in the coming years. Moreover, the increasing demand for bio-plasticizers in the production of plastics used in the global textile industry is expected to increase the consumption of bio-plasticizers in the coming years. Furthermore, sustainable plastic manufacturing practices are expected to have a positive impact on the economy while promoting resource efficiency, waste reduction and pollution, creating new opportunities for innovation and growth. 

Global Bio Plasticizers Market Trends:

Key trends observed in the global consumer goods industry include public interest in health and wellness, green consumer policies, rising digital consumers worldwide, changing demographics, retail including the concentration and modernization of growing domestic personal care, food processing, and pharmaceutical industries are expected to boost the demand for the products.

It is also observed that there is an increasing demand for processed foods due to changing lifestyles and increasing consumption of ready-to-eat foods due to lack of time, increasing urbanization, and population growth are leading to increased demand for baked goods, breakfast cereals, Chinese dairy products, meat and seafood. Processed food, snacks, processed fruits and vegetables.

Global Bio Plasticizers Market: Regional Insights