Italy Bio Plasticizers Market Size & Outlook, 2023-2030

The bio plasticizers market in Italy is expected to reach a projected revenue of US$ 145.1 million by 2030. A compound annual growth rate of 7.8% is expected of Italy bio plasticizers market from 2024 to 2030.
Revenue, 2023 (US$M)
$85.5
Forecast, 2030 (US$M)
$145.1
CAGR, 2024 - 2030
7.8%
Report Coverage
Italy

Italy bio plasticizers market highlights

  • The Italy bio plasticizers market generated a revenue of USD 85.5 million in 2023 and is expected to reach USD 145.1 million by 2030.
  • The Italy market is expected to grow at a CAGR of 7.8% 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 2023USD 85.5 million
Market revenue in 2030USD 145.1 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentEpoxidized soybean oil (esbo)
Fastest growing segmentCastor oil-based plasticizers
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEpoxidized soybean oil (ESBO), Castor oil-based plasticizers, Citrates, Succinic Acid, Other Products
Key market players worldwideAvient 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, Italy accounted for 2.8% 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 36.26% in 2023. Horizon Databook has segmented the Italy 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.


Italy bio-plasticizers market is supported by the growth of major end-use industries such as packaging, agriculture, and consumer goods. Growing personal disposable income and rising environmental concerns regarding the use of lightweight plastics are fueling the consumption of bio-plasticizers across a broad range of end-use industries. In addition, stringent government regulations implemented on single-use plastics are further augmenting the market growth.

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Italy bio plasticizers market size, by product, 2018-2030 (US$M)

Italy Bio Plasticizers Market Outlook Share, 2023 & 2030 (US$M)

Italy bio plasticizers market size, by product, 2018-2030 (US$M)

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