Germany Bio Plasticizers Market Size & Outlook, 2023-2030
Germany bio plasticizers market, 2018-2030 (US$M)
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Germany bio plasticizers market highlights
- The Germany bio plasticizers market generated a revenue of USD 247.0 million in 2023 and is expected to reach USD 432.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.3% 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 247.0 million |
| Market revenue in 2030 | USD 432.8 million |
| Growth rate | 8.3% (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, Germany accounted for 8.1% 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 34.98% in 2023. Horizon Databook has segmented the Germany 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.
Germany was the largest consumer of bio-plasticizers in Europe in 2022 owing to the presence of large research & development and production facilities of bio-based plastic manufacturers. Furthermore, the presence of strict regulations regarding the use of conventional plastics, growing environmental concerns about plastic waste, and the establishment of standards for bio-plasticizers, such as EN 13432, are expected to contribute to the market growth in Germany.
Packaging end-use sector accounts for the maximum demand for bio-plasticizers in the country. Rising demand for sustainable packaging, majorly from food & beverage industry, is fueling the consumption of bio-plasticizers.
Furthermore, the major players are increasingly focusing on R&D activities with respect to sustainable plastic products owing to the rising awareness regarding the harmful effects of conventional plastic waste.
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Bio Plasticizers Market Scope
Bio Plasticizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany bio plasticizers market size, by product, 2018-2030 (US$M)
Germany Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)
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