Bio based products are those products in which
the ingredients which were earlier made from fossil fuels are now made from
biological products. One of the main
reasons for which the market is shifting towards bio based ingredients is
because fossil fuel ingredients are expensive and renewable bio based
ingredients are easy to get. 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. 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 due to which the market is expected to grow during the forecast period. The market has been segmented by Source, by Type, by Application and by Geography.