How Will The Bioplastics And Biopolymers Market Size Transform By 2029?
The bioplastics and biopolymers market size has witnessed robust growth in recent years, escalating from $11.81 billion in 2024 to an estimated $13.95 billion in 2025 at a compound annual growth rate (CAGR) of 18.1%. Factors contributing to this significant growth rate during the historic period include reduced dependency on fossil fuels, environmental consciousness, a shift towards sustainable products, and waste management concerns among others.
The market is projected to experience exponential growth in the upcoming years, catapulting to around $27.07 billion by 2029 at a CAGR of 18.0%. This forecasted growth can be attributed to the escalating global plastic pollution crisis, increasing consumer demand for sustainable packaging and the emergence of advanced biodegradable polymers.
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What are the Key Drivers Behind the Growth of the Bioplastics and Biopolymers Market?
A significant driver for the bioplastics and biopolymers market is the increasing demand for packaged food. Given the rise in disposable incomes and change in consumer lifestyles, both domestically and globally, packaged foods have seen considerably heightened demand. As these foods require innovative packaging solutions to ensure freshness and long shelf life, it has, in turn, propelled the need for bioplastics and biopolymers.
Which Segments Hold The Highest Share In The Bioplastics And Biopolymers Market?
The bioplastics and biopolymers market can be segmented by –
1) Type: Non-Biodegradable Or Biobased, Biodegradable, Other Types.
2) Raw Materials: Biomass, Natural Or Genetically Modified Organisms, Bio-Based Monomers, Petrochemicals.
3) End-Use Industry: Packaging, Consumer Goods, Automotive And Transportation, Textiles, Agriculture And Horticulture, Other End-Use Industries.
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Who Are The Major Players In The Bioplastics and Biopolymers Market?
The bioplastics and biopolymers market is populated by major players such as NatureWorks LLC, Odbinv S.A., BASF SE, TotalEnergies Corbion Ltd., Novamont S.P.A, Biome Bioplastics Limited, Mitsubishi Chemical Holding Corporation, Toray Industries Inc., Plantic Technologies Ltd., Bio-on Plants S.r.l., Eastman Chemical Company, and others.
What are The Emerging Trends in the Bioplastics and Biopolymers Market?
Product innovations are the key trends gaining popularity in the bioplastics and biopolymers market. Major players in this space are developing innovative methods of producing these products from algae to sustain their position in the market. For example, the Australian bioplastics startup, Kelpy, launched a bioplastic pellet made entirely from seaweed, responding to the urgent need for sustainable alternatives to traditional oil-based plastics.
Which Region Holds The Highest Share In The Bioplastics And Biopolymers Market?
North America held the largest share of the bioplastics and biopolymers market in 2024. However, during the forecast period, Asia-Pacific is expected to be the fastest-growing region.
What Does The Bioplastics And Biopolymers Market Report 2025 Offer?
Bioplastic is a moldable plastic substance composed of chemical compounds produced or synthesized by microorganisms like bacteria or plants that have undergone genetic engineering. Biopolymers are polymers found in living organisms, such as cellulose in wood, silkworm silk, and mammalian collagen. The Bioplastics and Biopolymers Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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