Bio Based Battery Market Size - By Product, By Application, By Sales Channel, Growth Forecast, 2025 - 2034

Bio Based Battery Market Size

The global bio based battery market size was valued at USD 112.8 million in 2024 and is expected to reach USD 214.4 million by 2034, at a CAGR of 6.4%. The rising cost of lithium, cobalt, and nickel will augment battery manufacturers to explore sustainable alternatives and propelling the product demand. These units offer renewability and biodegradability and improved safety, which in turn will accelerate the business potential.
 

Intensifying scrutiny over battery waste disposal and regulatory pressure for biodegradable components will industry landscape. The adoption of extended producer responsibility norms will reinforce circular economic practices, pushing manufacturers to incorporate recyclable and bio-derived materials and will foster the adoption of sustainable energy solutions across multiple industries and consumer sectors.
 

For instance, in 2024, the Government of Canada announced an investment of over USD 9 million to strengthen the domestic lithium battery supply chain in British Columbia. The funding supports projects focused on mineral processing, battery-grade materials production, and clean technology, reinforcing Canada’s commitment to building a sustainable and competitive battery ecosystem.
 

Growing consumer demand for biodegradable and non-toxic products along with the rising interest in sustainable electronics will expand the battery market. Off-grid renewable energy systems in rural and remote areas will further support growth, driving adoption of eco-friendly battery solutions that align with decentralized, low-impact energy infrastructure.
 

These batteries are central to sustainable energy storage solutions, helping reduce dependence on toxic metals and minimizing environmental harm throughout the product lifecycle. Moreover, manufacturers are focusing on biodegradable components, bio-derived electrolytes, and safer chemistries to ensure eco-friendly operation.
 

For instance, in 2024, Asahi Kasei revealed plans to invest approximately USD 1.2 billion in building Canada’s first electric vehicle battery separator plant in Ontario. The facility aims to produce advanced separator materials critical to lithium-ion batteries, strengthening North America’s EV supply chain and promoting regional clean energy manufacturing capabilities.
 

Bio Based Battery Market Trends

The industry is anticipated to witness strong growth owing to the rise in public-private partnerships promoting clean technology and favorable R&D funding for bioenergy innovations. Green public procurement policies will provide demand certainty for eco-friendly batteries, supporting early commercialization efforts and will enable broader adoption of bio-based energy storage in institutional, commercial, and municipal energy initiatives.
 

Growing need for lightweight, non-toxic batteries paired with government incentives for sustainable technologies will propel the product penetration. Furthermore, ESG compliance mandates across industries will support the shift toward biodegradable battery materials, accelerating their inclusion in high-value, mission-critical applications.
 

For instance, in 2024, the European Commission committed approximately USD 5 billion to support large-scale decarbonization initiatives, including substantial funding for electric vehicle battery manufacturing and hydrogen development. This investment aims to expand Europe’s clean energy capabilities, lower industrial emissions, and strengthen the region’s battery and hydrogen supply chain.
 

Growing enhancements in organic materials and improvements in bio-derived electrodes and electrolytes will augment business landscape. Scalable and cost-effective manufacturing processes will encourage industry adoption for bio-based batteries along with competitive, and environmentally safe alternative to conventional lithium-ion storage technologies.
 

Falling costs of biopolymer processing and advances in lignin and cellulose conversion will improve feasibility for these batteries. Agricultural and forestry waste valorization will encourage localized production and investment in bio-based battery supply chains, especially in regions looking to reduce reliance on imported battery materials.
 

For instance, in 2024, the UK government allocated approximately USD 1.9 million through the Faraday Battery Challenge to help small and mid-sized battery developers scale their innovations. The funding supports pilot production, testing, and recycling efforts, aiming to accelerate the commercialization of next-generation battery technologies across the country.
 

Advancement in low-carbon technologies and corporate carbon footprint reduction targets will promote the product adoption. Advancements in national energy policies will reinforce the shift and positioning of these batteries as a practical alternative in both grid-level and portable storage, especially where environmental compliance and sustainability are top priorities.
 

Bio Based Battery Market Analysis

• The bio based battery industry was estimated at USD 100.6, 106 & 112.8 million in 2022, 2023 and 2024 respectively. Based on product, the industry is segmented into enzymatic, sugar, microbial and others. The enzymatic bio based battery market will reach over 80 million by 2034. These units are gaining momentum owing to breakthroughs in enzyme stabilization and nanomaterial enhanced electrodes, boosting durability and power output.
   
• The sugar bio based battery industry is projected to grow at a CAGR of 5.7% by 2034. Ongoing laboratory advancements delivering improved energy density and longevity will positively sway the business potential. These systems offer compact, biodegradable and refillable alternatives ideal for low power wearables, medical implants and remote sensors.
   
• For instance, in 2025, France secured approximately USD 50 million in EU-backed funding to support the development of Envision AESC’s lithium-ion battery facility in Douai. The investment is expected to strengthen domestic EV battery manufacturing, generate local employment, and reinforce Europe’s push for energy independence and clean mobility infrastructure.
   
• The microbial bio based battery market will witness an upsurge owing to their dual role in sustainable energy and environmental cleanup. The promising lab advances include soil powered cells that sustainably run low power sensors. Innovations such as nano encapsulation of bacteria have improved electron transfer and power density, stimulating the business potential.
   

• Based on application, the industry is segmented into healthcare, consumer electronics, electric vehicles, stationary energy storage, IoT devices & sensors and others. The healthcare bio based battery industry holds a share of 31.6% in 2024. Innovation in material such as lignin, chitosan, silk fibroin, magnesium and zinc are enabling flexible and body friendly batteries for the consumers.
   
• The consumer electronics bio based battery market is expected to grow at a CAGR of 6.2% from 2025 to 2034. The industry is witnessing steady growth as sustainability becomes a central focus in device manufacturing. Their integration into flexible and compact electronics will be offering significant opportunities for industry expansion.
   
• The electric vehicles bio based battery will exceed USD 15 million by 2034. Increasing applicability of these systems across anodes, sensors and polymer components will escalate the business scenario. As governments and industries push for greener mobility, these batteries present a promising solution to meet the demand with smaller carbon footprint.
   
• The stationary energy storage bio based battery is gaining traction as a sustainable complement to conventional grid scale systems. These units are cost effective, environmentally friendly alternatives for long duration storage with potential benefits in grid stability and circular economy integration.
   
•  The IoT devices & sensors bio based battery is emerging as an alternative to the conventional battery systems, driven by the increasing demand for eco friendly energy sources in connected devices. As IoT expands into agriculture, healthcare and environmental monitoring, the need for these technologies will grow significantly.
   

• The U.S. bio based battery market was valued at USD 19.6, 20.6 & 21.5 million in 2022, 2023 and 2024 respectively. The startups and research institutions are exploring biodegradable and renewable materials aiming to reduce reliance on rare earth materials, driving the industry growth.
   
• North America bio based battery industry will witness a CAGR of 5.8% by 2034. The increasing consumer inclination toward decarbonizing the energy and electronics sector will strengthen industry prospects. The region string focus on clean energy policies coupled with support for research and development in renewable technologies will foster the business expansion.
   
• For instance, in 2024, the U.S. Department of Energy committed USD 3 billion to advance domestic battery manufacturing, materials processing, and recycling projects across multiple states. This funding aims to enhance national energy security, support the electric vehicle transition, and create thousands of jobs by strengthening critical parts of the battery supply chain.
   
• The Europe bio based battery industry was valued at USD 41.3 million in 2024. The industry will grow on account of strong regulatory support and increasing infrastructural investments. Growing concern toward energy storage along with European Union push toward eco friendly adoption will drive the product deployment.
   
• The Asia Pacific bio based battery market is set to reach over USD 65 million by 2034. The region is anticipated to grow on account of academic innovation, startups and public-private partnerships centered on sustainable and low carbon energy solutions. The leading research centers are developing prototypes using plant derived polymers and microbial electrochemistry, accelerating the business dynamics.
   
• For instance, in 2025, Australia recorded a sharp rise in clean energy investment, reaching nearly USD 2.4 billion. A significant portion was directed toward battery storage projects, reflecting growing momentum in grid modernization and renewable integration efforts as the country accelerates its transition toward a more resilient, low-emission energy system.
   
• The Middle East & Africa bio based battery market is set to grow on account of rising initiatives focused on renewable energy such as solar and wind projects are promoting the exploration of ecofriendly storage systems including bio-based batteries. Additionally, the availability of agricultural and biomass waste provides a potential raw material source for bio based components.
   
• The Latin America bio based battery industry will witness a CAGR of over 6.3% by 2034. The regional authorities are exploring sustainable energy solutions to reduce its dependency on fossil fuels. Growing environmental awareness, government efforts to cut carbon emissions and the abundant availability of biomass resources will energize the industry scenario.
   

Bio Based Battery Market Share

• The top 5 players, including Stora Enso, Contemporary Amperex Technology, LG Communication Center, Panasonic Energy and Saft together hold a share of about 40% in the bio based battery industry. The company focuses on developing compact, scalable designs that incorporate renewable materials while maintaining high performance. These batteries feature advanced insulation, biodegradable components, and are engineered for integration into flexible, low-power devices.
   
• CarbonScape maintains a dominant position in the bio-based battery market through its pioneering work in biographite, a sustainable alternative to conventional graphite. With strong backing from strategic investors and plans to expand in Europe and North America, the company is well-positioned to support cleaner battery material supply chain.
   
• Stora Enso maintains a strong position in industry owing to its leadership in renewable materials, global reach, and innovation in lignin-based carbon technologies. Its ongoing investments in sustainable biomaterials, commitment to environmental standards, and partnerships with leading battery developers provide a competitive edge in advancing low-carbon energy storage solutions.
   

Bio Based Battery Market Companies

Major players operating in the bio based battery industry are:

• BeFC  
• CarbonScape
• CMBlu Energy
• Contemporary Amperex Technology
• Greenvolt Group
• Hitachi High-Tech Corporation
• Indi Energy
• KEMIWATT 
• Kiverdi
• LG Communication Center
• Ligna Energy
• Nanjing CBAK New Energy Technology
• Nexeon
• Nexus Solar Energy
• Panasonic Energy
• Saft
• SAMSUNG SDI
• SEC Battery
• SK
• Sony Group Corporation
• Stora Enso
• VoltStorage

• Stora Enso reported revenue of USD 10.3 billion in 2024, reflecting its strong presence in the renewable materials and packaging industry. Despite market challenges, the company achieved improved profitability, supported by strategic shifts toward biomaterials, sustainable packaging, and lignin-based innovations aimed at reducing carbon intensity across multiple industrial value chains.
   
• Carbonscape posted revenue of USD 10 million during 2024, the company remains in the early commercialization phase, focusing on scaling up its biographite production in Europe and North America.
   
• Nexeon reported revenue of USD 27 million in 2024, their continued investment in silicon anode technology and global manufacturing expansion underscores its growing role in next-generation battery development for electric vehicles and electronics.
   

Bio Based Battery Industry News

• In September 2023, CarbonScape secured USD 18 million to scale up production of its biographite, a sustainable anode material for lithium-ion batteries made from forestry byproducts. The funding, backed by Stora Enso and ATL, supports the company’s goal to localize biographite manufacturing in Europe and the U.S. This innovation aims to cut carbon emissions and reduce reliance on mined or petroleum-based graphite sources.
   
• In June 2023, BeFC announced the successful closing of a USD 17.4 million Series A funding round to scale up production of its paper-based biofuel cells. These sustainable power sources, which generate electricity using glucose and oxygen, are designed for low-power applications such as smart packaging and IoT sensors. The investment will support industrialization efforts and expand BeFC’s manufacturing capabilities to meet growing demand.
   
• In August 2022, Nexeon raised over USD 200 million to scale production of its advanced silicon-based anode materials for lithium-ion batteries. The investment will support manufacturing expansion in the UK and help meet growing demand from electric vehicle and consumer electronics sectors. Nexeon’s technology enhances battery energy density and fast-charging capability, positioning the company as a key player in next-generation energy storage solutions.
   
• In July 2022, Northvolt and Stora Enso announced a joint development agreement to produce the world’s first industrial-scale wood-based battery anode using lignin-derived hard carbon from Nordic forests. The collaboration aims to lower the carbon footprint of lithium-ion batteries by replacing fossil-based graphite with renewable carbon. This innovation is expected to boost the adoption of sustainable energy storage solutions in Europe.
   

The bio based battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 - 2034, for the following segments:

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Market, By Product

• Enzymatic
• Sugar
• Microbial
• Others

Market, By Application

• Healthcare
• Consumer electronics
• Electric vehicles
• Stationary energy storage
• IoT devices & sensors
• Others

Market, By Sales Channel

• Online
• Dealer
• Retail

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Poland
  • Italy
  • Spain
  • Austria
  • Germany
  • Sweden
  • Russia
• Asia Pacific
  • China
  • India
  • Philippines
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • UAE
  • Nigeria
  • South Africa
• Latin America
  • Argentina
  • Chile
  • Brazil