Global Bio-Based Resins Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Global Bio-Based Resins Market Segmentation, By Type (Biodegradable Starch Blends, Polylactic Acid, Bio-polyethylene Terephthalate, Polyhydroxyalkanoate, Bio-polyethylene, and Biodegradable Polyesters), Application (Packaging, Textile, Consumer Goods, Automotive and Transportation, Agriculture and Horticulture, Building and Construction, Electrical and Electronics, and Other Applications) - Industry Trends and Forecast to 2032

What is the Global Bio-Based Resins Market Size and Growth Rate?

• The global bio-based resins market size was valued at USD 7.15 billion in 2024 and is expected to reach USD 24.12 billion by 2032, at a CAGR of 16.40% during the forecast period
• The bio-based resins market is experiencing robust growth as industries increasingly shift towards sustainable and environmentally friendly materials. This growth is driven by heightened awareness of environmental issues and a global push for reducing carbon footprints
• Bio-based resins, derived from renewable resources such as plants and agricultural by-products, offer a viable alternative to traditional petrochemical-based resins, which are associated with significant environmental impact due to their reliance on fossil fuels. In addition, supportive government policies and incentives aimed at promoting sustainable practices are further fueling market growth
• Regulations and standards requiring reductions in greenhouse gas emissions and the use of renewable materials are encouraging industries to adopt bio-based resins in their products

What are the Major Takeaways of Bio-Based Resins Market?

• With environmental concerns becoming more prominent, there is a strong push from both consumers and governments to seek out greener alternatives to traditional petrochemical resins. Bio-based resins, derived from renewable resources, align with these sustainability goals by offering a lower environmental impact and reduced reliance on fossil fuels
• This growing awareness and demand for eco-friendly products are compelling manufacturers to explore and invest in bio-based resins as part of their commitment to reducing environmental harm and enhancing corporate sustainability profiles. Increasing consumer and regulatory emphasis on sustainability and reducing carbon footprints is significantly driving the demand for bio-based resins
• With the rise of smart cities and infrastructure modernization, the usage of these advanced covers is growing, fueling market expansion. Sustainability and reduced maintenance costs further contribute to the growth of this market, as municipalities seek long-term solutions
• Asia-Pacific dominated the bio-based resins market with the largest revenue share of 41.3% in 2024, driven by rapid industrialization, favorable government policies, and growing adoption of eco-friendly materials in consumer and packaging industries
• North America is projected to register the fastest CAGR of 7.2% from 2025 to 2032, driven by increasing legislation on plastic waste reduction, growing preference for green packaging, and aggressive sustainability goals across industries
• The Polylactic Acid (PLA) segment dominated the bio-based resins market with the largest revenue share of 29.6% in 2024, driven by its wide-ranging applications in packaging, 3D printing, and disposable consumer products

Report Scope and Bio-Based Resins Market Segmentation  

What is the Key Trend in the Bio-Based Resins Market?

“Circular Economy Integration and Bio-Based Innovation”

• The Bio-Based Resins market is witnessing a transformative shift driven by the global push for decarbonization and plastics circularity, encouraging the development of resins derived from renewable biomass such as corn, sugarcane, and cellulose
• Major players are focusing on drop-in bio-resins that mimic the performance of traditional petrochemical-based polymers while reducing lifecycle emissions and fossil dependency

  • For instance, NatureWorks LLC (U.S.) expanded its Ingeo PLA biopolymer range in April 2024 to address demand from packaging, 3D printing, and nonwoven applications, emphasizing compostability and low carbon footprint

• There is also growing adoption of bio-based epoxy resins in electronics, automotive, and construction due to superior thermal stability, low VOC emissions, and compatibility with green certifications such as LEED and BREEAM
• Advanced bio-refining technologies are enabling manufacturers to utilize agricultural waste and non-edible biomass, improving feedstock flexibility and reducing food vs. fuel concerns
• This trend is redefining value chains by aligning material innovation with ESG goals, government incentives, and rising consumer demand for sustainable and transparent sourcing across end-use sectors

What are the Key Drivers of Bio-Based Resins Market?

• Increasing regulatory support through bans on single-use plastics and mandates for recyclable/biodegradable materials is accelerating the uptake of bio-based alternatives in packaging, automotive, and consumer goods
• In February 2024, the European Commission updated its Plastics Strategy, emphasizing bio-based materials in public procurement and introducing stricter EPR schemes that incentivize material traceability and reuse
• Growing demand from automotive OEMs for lightweight, sustainable interior components is pushing suppliers to integrate bio-resins that meet performance standards while reducing emissions and material costs
• Surging interest in biodegradable packaging—especially for food & beverage and e-commerce—drives the need for high-performance bio-resins with moisture resistance and barrier properties
• Strong growth in Asia-Pacific, led by countries such as China and India, is driven by expanding middle-class consumption, manufacturing policies supporting green chemistry, and a rise in bio-refinery investments

Which Factor is challenging the Growth of the Bio-Based Resins Market?

• A key restraint in the market is the high production cost of bio-based resins compared to conventional alternatives, largely due to feedstock processing, lower economies of scale, and limited infrastructure

  • For instance, Brazilian packaging manufacturers have raised concerns about the pricing gap between PET and bio-based PLA or PHA, which limits their use in cost-sensitive mass-market applications

• The lack of global standards for biodegradability and compostability also causes confusion among consumers and end-users, leading to inconsistent demand and limited commercial trust
• Supply chain limitations, especially in feedstock availability and logistics, pose risks to scalability particularly during agricultural disruptions or geopolitical events affecting raw material exports
• Despite efforts by firms such as Braskem (Brazil) and Corbion (Netherlands) to lower costs through integrated bio-refineries and strategic partnerships, market penetration remains low in sectors prioritizing price over sustainability

How is the Bio-Based Resins Market Segmented?

The market is segmented on the basis of type and application.

• By Type

On the basis of type, the bio-based resins market is segmented into Biodegradable Starch Blends, Polylactic Acid (PLA), Bio-polyethylene Terephthalate (Bio-PET), Polyhydroxyalkanoate (PHA), Bio-polyethylene (Bio-PE), and Biodegradable Polyesters. The Polylactic Acid (PLA) segment dominated the Bio-Based Resins market with the largest revenue share of 29.6% in 2024, driven by its wide-ranging applications in packaging, 3D printing, and disposable consumer products. PLA’s compostability, cost efficiency, and compatibility with conventional plastic processing equipment make it a leading choice among manufacturers shifting toward sustainability.

The Polyhydroxyalkanoate (PHA) segment is anticipated to witness the fastest growth from 2025 to 2032, owing to its 100% biodegradability in marine and soil environments. It is increasingly adopted in food packaging, agricultural films, and biomedical applications due to its natural origin and minimal ecological footprint.

• By Application

On the basis of application, the bio-based resins market is segmented into Packaging, Textile, Consumer Goods, Automotive and Transportation, Agriculture and Horticulture, Building and Construction, Electrical and Electronics, and Other Applications. The Packaging segment held the largest market share of 42.1% in 2024, attributed to the rising global demand for sustainable, compostable packaging solutions across the food, beverage, and e-commerce industries. Government bans on single-use plastics and increased consumer awareness are accelerating the shift toward bio-based alternatives in this sector.

The Automotive and Transportation segment is expected to register the fastest CAGR during the forecast period, propelled by growing interest in lightweight and recyclable materials that enhance fuel efficiency and reduce vehicle emissions. Manufacturers are incorporating bio-based resins in interior components, dashboards, and insulation panels to align with environmental compliance targets.

Which Region Holds the Largest Share of the Bio-Based Resins Market?

• Asia-Pacific dominated the bio-based resins market with the largest revenue share of 41.3% in 2024, driven by rapid industrialization, favorable government policies, and growing adoption of eco-friendly materials in consumer and packaging industries. Countries such as China, Japan, and India are leading the transition toward bio-based alternatives to reduce environmental impact
• China remains the largest contributor to regional demand, fueled by strong government initiatives to reduce plastic pollution, scale circular economy practices, and invest in bio-economy infrastructure. Leading local producers are forming global partnerships to boost innovation and production capacity
• The dominance of Asia-Pacific is further supported by its large manufacturing base, growing consumer awareness, and significant foreign direct investments in sustainable materials and green packaging technologies

China Bio-Based Resins Market Insight

The China bio-based resins market accounted for the largest share in Asia-Pacific in 2024, backed by regulatory support for bioplastics and major investments in packaging and textile sectors. As multinational brands commit to sustainable sourcing, domestic producers are expanding R&D in PLA, PHA, and Bio-PET for industrial-scale applications.

India Bio-Based Resins Market Insight

The India bio-based resins market is witnessing accelerated growth due to strong demand from the agriculture, automotive, and construction sectors. The government’s “Make in India” and “National Bio-Energy” missions are encouraging adoption of biodegradable and renewable materials, while local startups are scaling up production of starch blends and bio-polyesters.

Which Region is the Fastest Growing in the Bio-Based Resins Market?

North America is projected to register the fastest CAGR of 7.2% from 2025 to 2032, driven by increasing legislation on plastic waste reduction, growing preference for green packaging, and aggressive sustainability goals across industries. The region is leading innovations in biopolymer technology and bio-based engineering resins. The U.S. is the key growth engine, supported by R&D funding, corporate ESG targets, and expansion in sectors such as consumer goods, automotive, and electronics. The commercialization of next-gen biopolymers and demand for drop-in bio-based replacements are boosting market opportunities. Growth in North America is further accelerated by consumer demand for transparent labeling, compostable packaging, and the rise of bio-resin alternatives in traditionally petroleum-dominated sectors.

U.S. Bio-Based Resins Market Insight

The U.S. bio-based resins market held the largest share in North America in 2024, bolstered by robust innovation ecosystems, startup activity, and consumer-focused product rollouts. Key segments include PLA in food packaging, bio-PE in retail bags, and biodegradable polyesters in durable goods.

Canada Bio-Based Resins Market Insight

The Canada bio-based resins market is growing steadily, supported by government incentives, plastic bans, and industry push for carbon-neutral materials. The rise of bio-resin demand in agriculture, healthcare packaging, and sustainable construction materials is shaping long-term growth.

Which are the Top Companies in Bio-Based Resins Market?

The bio-based resins industry is primarily led by well-established companies, including:

• Arkema (France)
• BIOTEC Biologische Naturverpackungen GmbH & Co. KG (Germany)
• Braskem (Brazil)
• Corbion NV (Netherlands)
• Danimer Scientific (U.S.)
• INEOS AG (U.K.)
• DuPont (U.S.)
• NatureWorks LLC (U.S.)
• Scott Bader Company Ltd. (U.K.)
• Futerro (Belgium)
• Xinyang Technology Group (China)
• Reichhold LLC (U.S.)
• AOC (U.S.)
• BASF SE (Germany)
• Dow (U.S.)
• DSM (Netherlands)
• Ashland (U.S.)
• SWANCOR (Taiwan)
• LANXESS (Germany)
• ALLNEX GMBH (Germany)
• Polynt (Italy)
• UPC Technology Corporation (Taiwan)

What are the Recent Developments in Global Bio-Based Resins Market?

• In March 2023, Avantium, a Netherlands-based technology innovator, signed an offtake agreement with Kvadrat to supply PEF (polyethylene furanoate) for use in interior textile applications. Kvadrat has committed to purchasing this 100% plant-based, fully recyclable polymer from Avantium’s FDCA Flagship Plant, which is currently under construction in Delfzijl and expected to begin commercial operations in 2024. This collaboration highlights the growing momentum for sustainable polymers in the textile industry
• In January 2023, Braskem, a leading global polyolefins producer and pioneer in commercial-scale biopolymer manufacturing, announced the initiation of a feasibility project to explore the production of carbon-negative bio-based polypropylene (PP) in the U.S. This marks a significant move toward climate-positive plastic innovation in North America
• In January 2023, Avantium N.V. entered into a five-year agreement with Henkel, a global leader in adhesives, sealants, and functional coatings, for the supply of furandicarboxylic acid (FDCA). The FDCA will be sourced from Avantium’s upcoming FDCA Flagship Plant. This partnership supports the integration of bio-based raw materials into industrial chemical applications
• In October 2021, SABIC introduced a new range of bio-based ULTEM resins, the first certified high-performance, renewable, and amorphous polyetherimide (PEI) polymers available on the market. These materials are engineered for superior processability and sustainability. This product launch positions SABIC at the forefront of high-performance bio-based polymer solution

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