How Has the Bioplastics Market Size Evolved and What’s the Future Outlook?
The bioplastics market size has shown strong growth, expanding from $10.84 billion in 2024 to an estimated $12.79 billion in 2025 with a compound annual growth rate (CAGR) of 18.0%. Factors such as environmental concerns, government regulations, rise in oil prices, changing consumer preferences for eco-friendly products, and increased demand for sustainable packaging have all driven this historic growth phase.
The bioplastics market is projected to continue accelerating, reaching $24.11 billion in 2029 at a CAGR of 17.2%. Potential growth drivers during this forecast period include rising food and beverage industry, expanding automotive sector, global trade agreements, and expansion in emerging markets. Notable trends leading the way include advanced feedstock sourcing, widespread use of bio-based materials for durables, industry collaborations, and a strong focus on carbon neutrality.
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What’s Driving the Bioplastics Market Growth?
Growing global awareness of the importance of bioplastics is expected to be a principal driver of the market. With rising awareness of the damage caused by pollution from plastics manufacturing and disposal, there is increased focus on sustainability. For instance, the Ipsos Global Survey in 2022 revealed 83% of urban Indians were in favor of a complete ban on single-use plastics. This increased awareness is projected to encourage a shift towards bioplastics and further propel the bioplastics market growth.
How Is the Bioplastics Market Segmented?
The bioplastics market facets covered in this report are segmented by:
1) Type: Biodegradable, Non-Biodegradable
2) Distribution Channel: Online, Offline
3) Application: Rigid Packaging, Flexible Packaging, Textile, Agriculture And Horticulture, Consumer Goods, Automotive, Electronics, Building And Construction, Other Applications
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Who are the Key Players in the Bioplastics Market?
Prominent companies operating in the bioplastics market include BASF SE, Corbion NV, Danimer Scientific Inc., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Eastman Chemical Company, Futamura Group, Neste Oyj, NatureWorks LLC, Polymateria Ltd, TIPA Corp Ltd, Biome Bioplastics Limited, Braskem S.A., Indorama Ventures Public Company Limited, Teijin Limited, among others.
What Trends are Shaping the Bioplastics Market?
Focus on investment in environment-friendly bioplastics is an emerging trend. For instance, Vikas Ecotech Limited announced plans in January 2022 to invest in BioPlastics (PHA) technology and is in the final stages of a Technology Tie-Up/Joint Venture with Aurapha Private Ltd. (the ‘AuraPHA’) to produce Biodegradable Plastics.
Which Region is Topping the Bioplastics Market and Which Ones Will Take Lead?
In 2024, Asia-Pacific was recorded as the largest region in the bioplastics market. Its growth is expected to continue at the fastest rate compared to other regions. The report covers regional market data for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does the Bioplastics Market Report 2025 Offer?
Bioplastics are a type of plastic produced from natural or renewable resources such as vegetable oils, starch, sugarcane, corn, and microbes like yeast. They play a crucial role in various industrial applications such as food packaging, agriculture, horticulture, composting bags, hygiene, among others. The Bioplastics 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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