Bio Plasticizers Market Size, Share 2023
The global Bio Plasticizers market was valued at US$ 874.8 million in 2022 and is projected to reach US$ 1260.7 million by 2030, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Bio plasticizers are polymer additives meant for improving flexibility, softness, workability, and volatility of the plasticized materials. These are based on renewable resources and produced from vegetable raw materials such as soybean, palm, castor oil, citrates, stearic acid, and starch. They may be internal or external based on the kind of modifications done to the materials to which they are added. Bio plasticizers are available as different types in market among which epoxides and castor oil based types (sebacates & glycerol esters) are highly adopted. They can replace phthalates in toys, food packaging, medical devices, and personal care products as phthalates are banned by different government in t...