North America Bio Plasticizers Market Size & Outlook

The bio plasticizers market in North America is expected to reach a projected revenue of US$ 1,844.1 million by 2030. A compound annual growth rate of 7.8% is expected of North America bio plasticizers market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,092.7
Forecast, 2030 (US$M)
$1,844.1
CAGR, 2024 - 2030
7.8%
Report Coverage
North America

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North America bio plasticizers market, 2018-2030 (US$M)

North America bio plasticizers market, 2018-2030 (US$M)

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North America bio plasticizers market highlights

  • The North America bio plasticizers market generated a revenue of USD 1,092.7 million in 2023.
  • The 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 1,092.7 million
Market revenue in 2030USD 1,844.1 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentEpoxidized soybean oil (esbo)
Fastest growing segmentCastor oil-based plasticizers
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, North America region accounted for 35.8% of the global bio plasticizers market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,293.9 million by 2030.

Epoxidized soybean oil (esbo) was the largest segment with a revenue share of 35.44% in 2023. Horizon Databook has segmented the North America 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.


North America bio-plasticizers market is majorly driven by the growing demand from packaging industry in countries such as the U.S., Canada, and Mexico. Rising environmental concerns and a global attempt to reduce pollution are propelling the demand for bio-plasticizers in packaging industry across the region.

Certain key factors such as stringent government regulations and clean-up initiatives taken by the U.S. EPA, such as short-term cleanups of National Priorities List (NPL) sites, waste sites, or sites with the possibility of release of hazardous materials, are likely to drive the regional demand for bio-plasticizers in the coming years.

For instance, ASTM D6400 is the standard specification for plastic products falling under the category of compostable or biodegradable products, which must decompose completely in a composting setting without leaving behind any harmful residues afterward. 

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Bio Plasticizers Market Companies

Name Profile # Employees HQ Website
DIC Corp View profile 22255 DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 http://www.dic-global.com/en/index.html
Jungbunzlauer Suisse View profile 1001-5000 Basel, Basel-Stadt, Switzerland, Europe http://www.jungbunzlauer.com/
PTT Global Chemical PCL ADR View profile 6334 Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 18th Floor, Chatuchak, Bangkok, Thailand, 10900 https://www.pttgcgroup.com
Lanxess AG View profile 12621 Kennedyplatz 1, Cologne, Germany, 50569 https://www.lanxess.com
Solvay SA View profile 9000 Rue De Ransbeek, 310, Brussels, Belgium, B-1120 https://www.solvay.com
Cargill View profile 10001+ Minneapolis, Minnesota, United States, North America http://www.cargill.com
Avient Corp View profile 9300 33587 Walker Road, Avon Lake, OH, United States, 44012 https://www.avient.com
Dow Inc View profile 35900 2211 H.H. Dow Way, Midland, MI, United States, 48674 https://www.dow.com
Evonik Industries AG View profile 33409 Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 https://www.evonik.com
Basf SE View profile 111855 Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 https://www.basf.com

North America bio plasticizers market size, by country, 2018-2030 (US$M)

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

North America bio plasticizers market size, by country, 2018-2030 (US$M)

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