Consumers around the world are demanding more sustainable packaging, clothing, energy, food, and just about everything else available on the market today.
Rising consumer education and awareness around climate change, corporate accountability, and policy support from governments and international policy bodies all contribute to this movement.
In response, a new wave of companies is working to supply brands with renewable and bio-based materials that help maintain equilibrium between business and the environment and key natural resources.
Most of the players within the industry rely on biotechnological processes to produce these materials and have been enabled by recent R&D-driven advances and resultant products and processes.
We break down the Bio-based materials industry into different types of materials derived using bio-based sources. We looked at companies innovating new types of sustainable alternatives to leather, along with innovations in materials used in textile, packaging and industrial applications. Each segment represents a wide range of products given a broad diversity of materials and processes employed by competing firms. The segments involved in bio-based leather materials leads in terms of funding and the commercialization of products relative to other textile materials.
Industry incumbents cover a wide range of products and applications from fabrics, to shoes, cosmetics, and industrial uses. Some of these firms have also recognized the importance of having a sustainable partner or business embedded within their value chains.
The majority of these companies have entered the industry via acquisition of smaller companies focused on sustainability to gain more control over their own supply chains. Other major companies such as Adidas, Aquafil, and Foss have managed to develop bio-based material businesses in-house.