Lucintel Forecasts Bio-Plasticizer Market to Reach $2.2 Billion by 2025

According to the recent study the Bio-Plasticizer Market is projected to reach an estimated $2.2 billion by 2025 from $1.4 billion in 2019, at a CAGR of 8% from 2020 to 2025. Growth in this market is primarily driven by stringent norms and regulations and increasing demand for eco-friendly plasticizers for various end use industries.

Browse 122 figures / charts and 116 tables in this 208 -page report to understand trends, opportunities and forecast in bio-plasticizer market material type (ESBO, citrates, castor oil, succinic acid, and others), end use industry (packaging materials, medical devices, consumer goods, wires and cables, building and construction, flooring and walls, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“ESBO market is expected to remain the largest segment during the forecast period.”

Based on material type, the bio-plasticizer market is segmented into ESBO, citrates, castor oil, succinic acid, and others. Lucintel forecasts that the ESBO market is expected to remain the largest segment and expected to experience the highest growth during the forecast period due to growth in packaging materials, medical devices, consumer goods, and ban or restriction on phthalate plasticizer expected to driver the demand for bio-plasticizer.

“Within the bio-plasticizer market, the packaging materials segment is expected to remain the largest end use industry”

Based on end use industry, the packaging materials segment is expected to witness the largest end use industries and it is also expected to witness highest growth during the forecast period supported by increasing demand in the food and beverages, household products, personal care, and pharmaceuticals packaging.

“Asia pacific will dominate the bio-plasticizer market in near future”

Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to by increasing demand for PVC plastic in construction, automotive, packaging, food and medical end use market in emerging countries, such as China and India.

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Major players of bio-plasticizer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. DowDuPont, Evonik Industries, Solvay S.A., Lanxess AG, Polyone Corporation, Bioamber Inc., Danisco Us Inc., Emery Oleochemicals LLC, Matrica SPA, Myriant Corporation, and Vertellus Specialties are among the major bio-plasticizer providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bio-plasticizer-market.aspx or helpdesk@lucintel.com