Bio-Based Cleaning Products Market Overview
- New product developments and increasing investments in research and development of bio-based cleaning products are expected to drive the growth of this market.
- Bio-based cleaning products are ecofriendly and recyclable and they don’t easily pollute the environment.
- Asia Pacific dominated the bio-based cleaning products market.
By Source - Segment Analysis
By Type - Segment Analysis
By Application - Segment Analysis
Personal Care segment held a significant share in bio-based cleaning products market in 2019 growing at a CAGR of XX% during the forecast period. Biobased feedstocks can be used to produce a range of personal care products, such as skin cream, shampoo, mascara, and more. For example, the acetone in nail polish remover can be produced by fermenting plant sugars, while the palmitic acid that gives hair glossy shine after condition is one of the most common saturated fatty acids found in microorganisms and plants. Public demand has renewed industry interest in biobased cosmetics, and innovations in biotechnology are making these products cheaper and more efficient to manufacture.
The coronavirus pandemic has had a mixed impact on the bio-based sector, with some businesses helping with technological solutions to help fight the outbreak, while others appear to see growing demand for products like biodegradable takeaway packaging. However, in general, many production lines have closed because of the crisis. Italy-based fiber manufacturer Aquafil produces ocean plastic-based nylon via its Econyl brand in China and is one bio-based firm that has kept production lines running despite the Covid-19 outbreak.
Geography- Segment Analysis
Drivers – Bio-Based Cleaning Products Market
Less harmful to human health and environment
Bio-based environmental products are less harmful on the human health and the environment. The bio-based cleaning products market is set to grow in the future since there is a lot of consumer awareness compared to the past and several countries are supporting bio-based products as well. Since products are made from biomass hence it causes less demand for already depleting fossil fuels whose costs are high.
The second reason could be that the global countries are moving towards environmental consciousness like the Kyoto protocol and Montreal Protocol where all the countries pledged that they would reduce their carbon footprint in the world and use ecofriendly products and support for bio-based cleaning products. Also, nowadays consumers are also demanding cleaning products whose ingredients are made from biomass and they are also becoming more environmental conscious. Also, fossil fuels are non-renewable and once finished they cannot be replenished. Bio based cleaning products can be recycled and hence they can be used in the place of metals and minerals.
Challenges – Bio-Based Cleaning Products Market
Product Launch/ Acquisition
- In July 2016, SC Johnson has signed an agreement to acquire Babyganics, a rapidly growing baby brand providing household and personal care products for the growing family.