The Global Bio-based Materials Market was valued at USD 11.52 Billion in 2023 and is projected to reach USD 22.13 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This expansion is driven by stringent environmental regulations, corporate net-zero commitments, and accelerating demand across packaging, automotive, and consumer goods sectors for sustainable alternatives to petroleum-based materials.

As industries transition toward circular economy models, bio-based polymers and composites are becoming essential components in manufacturing. Here we analyze the Top 10 Companies in the Bio-based Materials Market—chemical innovators and material science specialists transforming global supply chains with renewable solutions.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based polyamides, polyurethanes, succinic acid

The world’s largest chemical producer leads in biomass-balanced solutions, with over 100 certified bio-based products. BASF’s approach integrates renewable feedstocks into existing value chains without compromising material performance.

Sustainability Initiatives:

• Mass balance certification across 8 major product lines
• 14% GHG reduction target by 2030 (2018 baseline)
• Partnerships with NESTE for renewable feedstocks

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9️⃣ 2. Braskem

Headquarters: São Paulo, Brazil
Key Offering: Green polyethylene, bio-based EVA

Braskem dominates the bio-polyethylene sector with its sugarcane-based I’m green™ polymers, offering drop-in solutions for packaging and durable goods. The company operates the world’s largest commercial-scale biopolymer facility.

Sustainability Initiatives:

• 200,000 metric ton annual production capacity
• Carbon negative polyethylene production
• Expanding into bio-based PP and EVA

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8️⃣ 3. DuPont

Headquarters: Wilmington, Delaware, USA
Key Offering: Sorona® polymer, bio-adhesives

DuPont’s renewable materials portfolio includes Sorona® (37% plant-based) for textiles and biomaterials for electronics encapsulation. The company continues to expand plant-derived content while maintaining technical performance.

Sustainability Initiatives:

• 70% reduced emissions vs petrochemical alternatives
• Closed-loop recycling initiatives

Download FREE Sample Report: Bio-based Materials Market – View in Detailed Research Report

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7️⃣ 4. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Bio-based polycarbonates, polyurethanes

Covestro develops partially bio-based alternatives for its core polymer lines, utilizing renewable carbon from biomass and CO₂. Its cardyon® technology produces polyols with 20% CO₂ content.

Sustainability Initiatives:

• 75% fossil feedstock reduction target
• Industrial-scale CO₂ utilization plants

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6️⃣ 5. Mitsui Chemicals

Headquarters: Tokyo, Japan
Key Offering: Bio-based PP, elastomers

Mitsui leads Asian bio-PP development through its Biomass Polymer Alliance, producing drop-in solutions for automotive and consumer applications with identical performance to conventional PP.

Sustainability Initiatives:

• Commercial bio-PP production achieved in 2023
• Developing bio-nylon from plant sugars

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5️⃣ 6. Evonik Industries

Headquarters: Essen, Germany
Key Offering: Castor-based polyamides

Evonik’s Vestamid® Terra polyamides demonstrate high-performance engineering plastic applications from renewable castor beans. The company maintains full value chain control from raw material to polymer.

Sustainability Initiatives:

• 50% bio-based content in key product lines
• 2025 capacity expansion plans

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4️⃣ 7. Arkema

Headquarters: Colombes, France
Key Offering: Rilsan® polyamide 11, bio-acrylics

Arkema’s pioneering Rilsan® polyamide 11, derived entirely from castor oil, serves demanding applications from automotive fuel lines to 3D printing powders. The company continues to expand its bio-based acrylics portfolio.

Sustainability Initiatives:

• 100% renewable carbon target by 2050
• Global castor bean sourcing programs

Get Full Report Here: Bio-based Materials Market – View in Detailed Research Report

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3️⃣ 8. NatureWorks

Headquarters: Plymouth, Minnesota, USA
Key Offering: Ingeo™ PLA biopolymers

As the world’s leading PLA producer, NatureWorks’ Ingeo™ materials serve packaging, fibers, and 3D printing markets. The company’s fermentation technology converts plant sugars into versatile biopolymers.

Sustainability Initiatives:

• 350,000+ ton annual production capacity
• Developing next-gen high-heat PLA grades

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2️⃣ 9. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Bio-polyols, epoxy systems

Huntsman provides bio-based formulations for polyurethane systems used in insulation, adhesives, and coatings. The company focuses on increasing renewable content without compromising performance requirements.

Sustainability Initiatives:

• 30+ bio-based product offerings
• Recycled and bio-content polyols

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1️⃣ 10. Corbion

Headquarters: Amsterdam, Netherlands
Key Offering: PLA feedstocks, biomaterials

Corbion supplies lactic acid and lactides for PLA production, serving bioplastics manufacturers worldwide. The company operates one of the largest lactic acid fermentation facilities globally.

Sustainability Initiatives:

• 75,000 ton annual lactic acid capacity
• Expanding into high purity lactides

Get Full Report Here: Bio-based Materials Market – View in Detailed Research Report

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🌍 Outlook: The Bio-materials Revolution Accelerates

The bio-based materials sector is transitioning from niche to mainstream, driven by tightening regulations and consumer demand. While technical parity remains crucial, sustainability credentials are becoming key differentiators across industries.

📈 Market Transformation Drivers:

• EU Single-Use Plastics Directive and similar global regulations
• Corporate Scope 3 emission reduction commitments
• Advances in feedstock diversification (agricultural waste, CO₂ utilization)
• Growing price parity with petrochemical alternatives

The companies profiled above demonstrate how chemical innovation and renewable feedstocks can transform global material supply chains—delivering performance with sustainability for tomorrow’s circular economy.