Bio-Based Chemicals Market to Reach $149.69 Billion by 2030, Fueled by Sustainable Demand
The global bio-based chemicals market is projected for significant growth, expanding from $87.42 billion in 2025 to $149.69 billion by 2030 at an 11.4% CAGR. This surge is driven by increasing environmental awareness, stringent regulations, and the shift towards sustainable alternatives to fossil fuels. Key drivers include net-zero commitments, demand for sustainable packaging, and advancements in green chemistry, which promotes the use of renewable feedstocks. North America currently leads the market, with Asia-Pacific anticipated for the fastest growth.
The bio-based chemicals market is undergoing rapid evolution, positioning for substantial growth due to a global shift towards sustainable alternatives to fossil fuel-derived products. The market, valued at $87.42 billion in 2025, is expected to reach $97.15 billion in 2026 with an 11.1% compound annual growth rate (CAGR). Projections indicate continued acceleration, reaching $149.69 billion by 2030 at an 11.4% CAGR. This expansion is fueled by stringent environmental regulations, increasing adoption of bioplastics, fluctuations in fossil fuel prices, and significant green chemistry advancements.Looking ahead, key drivers include commitments to net-zero emissions, the expansion of biorefineries, growing demand for sustainable packaging, and innovations in bio-based materials. Trends like increased use of renewable feedstocks, development of bio-based polymers, and the adoption of circular economy principles are shaping the market's future. Green chemistry plays a critical role, promoting chemical products and processes that minimize hazardous substances, thus driving demand for bio-based chemicals. For instance, global bioplastics production capacity is expected to nearly triple from 2.2 million tonnes in 2022 to 6.3 million tonnes by 2027. Regionally, North America held the largest market share in 2025, while Asia-Pacific is forecasted to exhibit the fastest growth through 2030, underscoring a global movement towards an environmentally friendly industrial economy.
