France Bio Plasticizers Market Size & Outlook, 2023-2030
France bio plasticizers market, 2018-2030 (US$M)
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France bio plasticizers market highlights
- The France bio plasticizers market generated a revenue of USD 122.2 million in 2023 and is expected to reach USD 223.3 million by 2030.
- The France market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, epoxidized soybean oil (esbo) was the largest revenue generating product in 2023.
- Castor oil-based plasticizers is the most lucrative product segment registering the fastest growth during the forecast period.
Bio plasticizers market data book summary
| Market revenue in 2023 | USD 122.2 million |
| Market revenue in 2030 | USD 223.3 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Epoxidized soybean oil (esbo) |
| Fastest growing segment | Castor oil-based plasticizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxidized soybean oil (ESBO), Castor oil-based plasticizers, Citrates, Succinic Acid, Other Products |
| Key market players worldwide | Avient Corp, Basf SE, Cargill, DIC Corp, Dow Inc, Evonik Industries AG, Lanxess AG, Solvay SA, PTT Global Chemical PCL ADR, Jungbunzlauer Suisse |
Other key industry trends
- In terms of revenue, France accounted for 4.0% of the global bio plasticizers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany bio plasticizers market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 223.3 million by 2030.
Epoxidized soybean oil (esbo) was the largest segment with a revenue share of 36.25% in 2023. Horizon Databook has segmented the France bio plasticizers market based on epoxidized soybean oil (esbo), castor oil-based plasticizers, citrates, succinic acid, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Ascending product demand from food packaging and consumer goods end-use sectors is significantly contributing to the growth of the bio-plasticizers market in France. Rising awareness regarding sustainable packaging coupled with growing environmental concerns about increasing greenhouse gas emissions is further contributing toward the adoption of bio-plasticizers.
Packaging is likely to emerge as the fastest-growing segment in France bio-plasticizers market owing to the increasing utilization of bio-plastics in the packaging of food and cosmetic products. Furthermore, rising R&D activities by key players to reduce the utilization of conventional plastic bags are expected to boost product demand over the forecast period.
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Bio Plasticizers Market Scope
Bio Plasticizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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France bio plasticizers market size, by product, 2018-2030 (US$M)
France Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)
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