From GlobeNewswire: 2025-05-02 10:00:00

The global eco-friendly plasticizers market is set to reach USD 8.32 billion by 2032, with a CAGR of 7.65% from 2024 to 2032. This surge is driven by environmental awareness and government regulations favoring non-toxic alternatives. Bio-based plasticizers from natural sources are preferred for their low toxicity and compatibility with various polymers, especially PVC.

The United States leads the market with a projected market size of USD 1610 million by 2032, growing at a CAGR of 8.02% from 2024 to 2032. The country’s strong agricultural sector and adoption of precision agriculture practices contribute to this growth. Foliar application methods are increasingly used, especially in high-value crops like fruits and vegetables, supported by government initiatives promoting sustainable practices.

In 2023, Asia-Pacific held 42.35% of the global eco-friendly plasticizers market share, expected to maintain dominance by 2032. The region’s growth is fueled by industrialization, rising consumer awareness, and favorable government regulations promoting sustainable additives in plastics. Strategic shifts towards bio-based materials are observed in countries like China, India, and Japan.

North America captured the second-largest market share in 2023, driven by stringent regulatory frameworks and investments in green product innovation. The U.S. market, valued at USD 1.12 billion in 2023, sees robust demand in the medical and packaging sectors, supported by government programs to reduce carbon emissions and plastic waste.

Bio-based plasticizers accounted for over 68% of the market share in 2023, driven by the global shift towards sustainable and non-toxic substitutes. These plasticizers, derived from renewable resources, meet regulatory requirements and appeal to environmentally conscious consumers. The packaging segment dominated the market, accounting for 38% of the global share, driven by demand for sustainable packaging solutions in various industries.

Recent developments include BASF SE’s introduction of bio-based plasticizers for PVC-based materials and Evonik Industries AG’s launch of a citrate-based plasticizer for healthcare applications. These products meet compliance standards and offer sustainable alternatives in the market.



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