India Bio-Based Ethylene Market Segments and Growth by 2031

Historic Data: 2021-2022 | Base Year: 2023 | Forecast Period: 2024-2031

India Bio-Based Ethylene Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Raw Material (Sugar, Starch, and Lignocellulosic Biomass) and End-Use Industry (Packaging, Additives, Lubricant, and Detergents)

Report Date : Oct 2024
Report Code : TIPRE00039311

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 63

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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.

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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

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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

Report Attribute	Details
Market size in 2023	US$ 15.22 Million
Market Size by 2031	US$ 31.96 Million
Global CAGR (2023 - 2031)	9.7%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Raw Material Sugar Starch Lignocellulosic Biomass By End-Use Industry Packaging Additives Lubricant Detergents
Regions and Countries Covered	India India
Market leaders and key company profiles	Braskem SA The Dow Chemical Co Saudi Basic Industries Corp Occidental Petroleum Corp INEOS Group Holdings SA

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

Frequently Asked Questions

What is the expected CAGR of the India bio-based ethylene market?

The India bio-based ethylene market is expected to register a CAGR of 9.7% during 2023–2031.

What are the future trends in the India bio-based ethylene market?

The technological innovations are likely to bring significant growth trends for the India bio-based ethylene market in the future.

What would be the estimated value of the India bio-based ethylene market by 2031?

The India bio-based ethylene market is estimated to reach US$ 31.96 million by 2031.

Which raw material segment dominated the India bio-based ethylene market in 2023?

Based on raw material, the sugar segment dominated the India bio-based ethylene market in 2023.

What are the driving factors impacting the India bio-based ethylene market?

Sustainability and environmental concerns, and government initiatives and support are a few of the factors positively impacting the India bio-based ethylene market.

Which are the leading players operating in the India bio-based ethylene market?

Braskem SA, the Dow Chemical Co, Saudi Basic Industries Corp, Occidental Petroleum Corp, and INEOS Group Holdings SA are a few of the leading players operating in the India bio-based ethylene market.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the India Bio-Based Ethylene Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

India Bio-Based Ethylene Market Report Snapshots

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