The Global Bio-based Polyethylene Market was valued at USD 1.05 Billion in 2024 and is projected to reach USD 2.07 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period (2025-2032). This robust growth is driven by escalating environmental regulations on single-use plastics, rising consumer demand for sustainable packaging, and significant corporate sustainability commitments aimed at reducing carbon footprints.

As the global economy pivots towards a more circular and low-carbon model, the focus intensifies on the materials that will shape our future. Bio-based Polyethylene (bio-PE) stands out as a drop-in replacement for conventional polyethylene, offering identical performance with a significantly reduced environmental impact. In this blog, we profile the Top 10 Companies in the Bio-based Polyethylene Industry—a dynamic mix of petrochemical giants, biotechnology innovators, and sustainability leaders who are redefining the plastics landscape.

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🔟 1. Braskem S.A.

Headquarters: São Paulo, Brazil
Key Offering: I’m green™ Bio-based Polyethylene (HDPE and LDPE)

Braskem is the undisputed global pioneer and market leader in bio-based polyethylene. The company operates the world’s first industrial-scale plant dedicated to producing ethylene from sugarcane ethanol, which is then polymerized into bio-PE. Its flagship “I’m green™” brand is a recognized leader in sustainable polymers, supplying major global brands in packaging, consumer goods, and automotive sectors.

Sustainability Initiatives:

• World’s largest production capacity for sugarcane-based bio-PE

• Commitment to carbon neutrality and circular economy principles

• Strategic partnerships with global brands like Procter & Gamble and L’Oréal

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

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9️⃣ 2. LyondellBasell Industries N.V.

Headquarters: Rotterdam, Netherlands / Houston, Texas, USA
Key Offering: CirculenRenew Polyethylene

LyondellBasell, one of the world’s largest plastics, chemicals, and refining companies, is a major force in sustainable polymers. Through its CirculenRenew portfolio, the company offers bio-based polyethylene derived from renewable raw materials like used cooking oil. Leveraging its massive global production and distribution network, LyondellBasell is scaling up the availability of certified renewable polyolefins.

Sustainability Initiatives:

• Mass balance approach to integrate bio-feedstocks into existing assets

• Goal to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030

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8️⃣ 3. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: TRUCIRCLE™ portfolio including certified renewable polyethylene

SABIC, a global leader in diversified chemicals, is actively advancing the bio-based plastics agenda through its TRUCIRCLE™ solutions. The company offers a range of polyolefins, including bio-based PE, produced through an advanced certified renewable feedstock process. SABIC’s strong presence in key markets and focus on innovation makes it a critical player in the transition to sustainable materials.

Sustainability Initiatives:

• Development of second-generation bio-feedstocks to avoid food-chain competition

• Collaborations for closed-loop and circular solutions with major brands

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7️⃣ 4. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: Bio-based Polyethylene and performance polymers

Mitsui Chemicals is a leading Japanese chemical company with a strong focus on innovation and sustainability. The company is developing and commercializing bio-based polyethylene, targeting high-value applications in packaging and automotive industries. Mitsui’s expertise in high-performance materials allows it to create specialized bio-PE grades suited for demanding applications.

Sustainability Initiatives:

• Integration of bio-based materials into its VISION 2030 long-term business plan

• R&D focused on biomass-derived chemicals and polymers

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

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6️⃣ 5. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Renewable-sourced polyethylene

Dow, a leading materials science company, is committed to transforming its product portfolio towards more sustainable alternatives. The company offers polyethylene derived from bio-based feedstocks using a mass balance approach. Dow’s extensive application development expertise and global reach are instrumental in bringing bio-PE solutions to a wide array of markets, from flexible packaging to hygiene products.

Sustainability Initiatives:

• Target to enable 1 million metric tons of circular and renewable plastic solutions by 2025

• Partnerships to develop and scale renewable and circular technologies

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Certified bio-based polyolefins (including PE)

BASF, the world’s largest chemical producer, offers bio-based alternatives through its biomass balance approach. While its portfolio is broader, it includes certified bio-based polyethylene, where renewable feedstocks are fed into the production Verbund at the beginning of the value chain. BASF’s strong focus on sustainability and circular economy makes it a key enabler for brands seeking certified bio-content.

Sustainability Initiatives:

• Biomass Balance approach certified by REDcert2

• Ambitious CO2 emission reduction targets driving bio-based material adoption

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4️⃣ 7. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Advanced recycling outputs and future bio-based polyolefins

ExxonMobil, a global energy and chemical leader, is investing in a range of lower-emission technologies. While traditionally focused on fossil-based feedstocks, the company is advancing circular plastic solutions and exploring bio-based pathways. Its vast scale and technological capabilities position it to be a significant player as the bio-PE market matures and becomes more cost-competitive.

Sustainability Initiatives:

• Major investments in advanced recycling to create circular polymers

• Research into new technologies for producing chemicals from biomass

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3️⃣ 8. Toyota Tsusho Corporation

Headquarters: Nagoya, Japan
Key Offering: Distribution and development of bio-based plastics

Toyota Tsusho, the trading arm of the Toyota Group, plays a crucial role in the bio-based plastics supply chain. The company is involved in the distribution and development of sustainable materials, including bio-polyethylene. Its strong connections in the automotive and packaging industries provide essential market access for bio-PE, particularly in the Asia-Pacific region.

Sustainability Initiatives:

• Active promotion of bioplastics as part of its green business strategy

• Investment in ventures focused on bio-based chemical production

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2️⃣ 9. Plantic Technologies Ltd. (Kuraray Group)

Headquarters: Melbourne, Australia
Key Offering: High-barrier bio-based polymers and blends

Plantic Technologies, now part of the Kuraray Group, specializes in high-performance, bio-based, and biodegradable polymers derived from renewable starch. While not a pure bio-PE producer, the company develops advanced materials that often incorporate or complement bio-polyethylene, particularly in high-value, high-barrier packaging applications for the food industry.

Sustainability Initiatives:

• Expertise in starch-based biomaterials with enhanced functionality

• Focus on compostable and bio-based solutions for flexible packaging

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1️⃣ 10. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: Bio-based and compostable polymers including MATER-BI

Novamont is a world leader in the development and production of bioplastics and biochemicals. While its core portfolio is centered on compostable materials like MATER-BI, the company’s deep expertise in integrating bio-based feedstocks and its commitment to the circular bioeconomy position it as an influential player. Novamont’s approach often involves creating blends and compounds that can include bio-based polyolefins for specific performance characteristics.

Sustainability Initiatives:

• Pioneering integrated biorefineries using underutilized biomass

• Strong focus on creating complete biodegradable and compostable systems

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

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🌍 Outlook: The Future of Bio-based Polyethylene Is Integrated and Circular

The bio-based polyethylene market is at a pivotal juncture. While currently a niche segment, it is poised for accelerated growth as regulatory pressures intensify and consumer preferences solidify. The industry’s trajectory is shifting from standalone bio-based products towards fully integrated circular systems that combine renewable sourcing with advanced recycling.

📈 Key Trends Shaping the Market:

• Accelerated regulatory mandates for recycled and bio-based content in plastic products

• Technological advancements reducing the cost differential between bio-PE and conventional PE

• Expansion of feedstock sources beyond sugarcane to include waste biomass and non-food crops

• Strategic partnerships between chemical companies, brand owners, and waste management firms to create closed-loop systems

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

The companies listed above are not only supplying sustainable materials—they are actively constructing the infrastructure for a circular plastics economy that balances performance, affordability, and planetary health.