India Bio-Based Ethylene Market Segments and Growth by 2031

The India bio-based ethylene market size is projected to reach US$ 31.96 million by 2031 from US$ 15.22 million in 2023. The market is expected to register a CAGR of 9.7% during 2023–2031. Technological innovations in ethylene production—driven by the emergence of second-generation bioethanol and the development of more efficient catalysis of biomass to sugars—are likely to bring key growth trends in the India bio-based ethylene market during the forecast period.

India Bio-Based Ethylene Market Analysis

The growing demand for bio-based ethylene in India’s packaging industry is fueled by the rising inclination toward sustainability and environmentally friendly operations across the world. Further, government support and initiatives fuel the India bio-based ethylene market. Bio-based ethylene is produced from renewable resources such as sugarcane or corn, widely attributed as an alternative to fossil fuel-derived ethylene. The abundance of agricultural resources also makes the production of bio-ethylene economically attractive in India. Its significantly growing packaging industry generates a significant demand for eco-friendly packaging alternatives owing to regulatory pressure to reduce environmental footprint, which results in an upsurge in the use of plastics made from bio-based ethylene.

India Bio-Based Ethylene Market Overview

Bio-based ethylene is produced from renewable resources such as sugarcane or corn, widely attributed as an alternative to fossil fuel-derived ethylene. India’s abundant agricultural resources also make the production of bio-ethylene economically attractive. The country’s packaging industry is growing significantly, coupled with regulatory pressure to reduce environmental footprint. Multinational corporations operating in India pledge to operate in line with the global sustainability goals, which drives a shift toward bio-based materials in various operations, including packaging.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

India Bio-Based Ethylene Market: Strategic Insights

India Bio-Based Ethylene Market

• Market Size 2023
  US$ 15.22 Million
• Market Size 2031
  US$ 31.96 Million

Market Dynamics

GROWTH DRIVERS

• Sustainability and Environmental Concerns
• Government Initiatives and Support

FUTURE TRENDS

• Strategic Partnerships and Collaborations

OPPORTUNITIES

• Technological Innovations

Regional Overview

• India

Market Segmentation

Raw Material

• Sugar
• Starch
• Lignocellulosic Biomass

End-Use Industry

• Packaging
• Additives
• Lubricant
• Detergents

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

India Bio-Based Ethylene Market Drivers and Opportunities

Sustainability and Environmental Concerns Favor Market Growth

The burgeoning awareness of the detrimental effects of petroleum-based ethylene on the environment, coupled with regulatory pressures and advancements in bio-based technologies, is driving a significant shift toward bio-based ethylene in India. This shift not only addresses environmental concerns but also aligns with the broader goals of reducing carbon emissions and promoting a circular economy. Moreover, the market for bio-based alternatives is expected to grow in the coming years with the continuously rising consumer demand for eco-friendly products, further diminishing the reliance on fossil-based chemicals and contributing to a more sustainable future. Thus, sustainability and environmental concerns drive the India bio-based ethylene market.

Strategic Partnerships and Collaborations to Create Growth Opportunities in the Market

Collaboration with established global firms can help Indian companies gain access to advanced technologies and best practices that can accelerate the development and production of bio-based ethylene. In January 2024, IGL announced a technical collaboration with US-based Scientific Design Inc. to produce high-quality bio-glycols using sustainable agricultural feedstock at its advanced facilities. These partnerships serve as opportunities for Indian companies to harness international expertise and offer crucial channels for technology transfer. Thus, strategic initiatives by major market players are expected to create new opportunities for the India bio-based ethylene market growth during the forecast period.

India Bio-Based Ethylene Market Report Segmentation Analysis

Key segments that contributed to the derivation of the India bio-based ethylene market analysis are raw material and end-use industry. Based on raw material, the India bio-based ethylene market is segmented into sugar, starch, and lignocellulosic biomass. The sugar segment held the largest market share in 2023. Based on end-use industry, the India bio-based ethylene market is segmented into packaging, additives, lubricants, and detergents. The packaging segment held the largest market share in 2023.

India Bio-Based Ethylene Market Share Analysis by Geography

The geographic scope of the India bio-based ethylene market report focuses on the historical market revenues and forecasts in the country. India, with a robust manufacturing base, is a significant contributor to the global chemicals and plastics industries. The country is home to over 30,000 plastic processing units, 85–90% of which are small and medium enterprises (SMEs). These units produce a wide array of plastic products, including packaging materials, films, and containers. However, with growing environmental concerns related to conventional plastic products, there has been a significant push toward the adoption of bio-based alternatives. This shift is further supported by the Indian government's initiatives to promote the use of biodegradable and compostable plastics, aligning with the global agenda of reducing plastic waste and carbon emissions. Bio-based ethylene, derived from renewable resources such as bioethanol, presents a sustainable alternative to conventional ethylene. The burgeoning awareness among consumers about the environmental impact of traditional plastics and the benefits of using bio-based alternatives is likely to fuel the India bio-based ethylene market.

India Bio-Based Ethylene Market Report Scope

India Bio-Based Ethylene Market News and Recent Developments

The India bio-based ethylene market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the India bio-based ethylene market are listed below:

• Braskem SA announced a collaboration partnership with Indorama Ventures IOD to supply bio-attributed ethylene from renewable sources. This development contributes to a decrease in the use of fossil raw materials and greenhouse gas emissions. (Source: Braskem SA, Press Release, November 2023)
• INEOS Group Holdings SA completed the sale of LyondellBasell NV’s Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas. With this acquisition, the company is expected to expand its product offerings and customer base in the market. (Source: INEOS Group Holdings SA, Press Release, January 2024)

India Bio-Based Ethylene Market Report Coverage and Deliverables

The “India Bio-Based Ethylene Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• India bio-based ethylene market size and forecast for all the key market segments covered under the scope
• India bio-based ethylene market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter’s Five Forces analysis and SWOT analysis
• India bio-based ethylene market analysis covering key market trends, national framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the India bio-based ethylene market
• Detailed company profiles