Executive Summery

This report presents a detailed overview of the Bioplastic Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving Bioplastic industry landscape.

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Bioplastic Market Statistics and Key Highlights

The Global Bioplastic market size is valued at around USD 8.21 billion in 2024 and is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28.

  • Bioplastic market shows steady growth
  • Market size expanding due to rising industry demand
  • Competitive landscape driven by tech and innovation
  • Detailed segment-wise and geography wise share analysis
  • Forecast reveals strong trends shaping future outlook

Key Player- Emerging Bioplastic Companies

  • Novamont S.p.A
  • Arkema S.A.
  • Matrica S.p.A.
  • Solvay S.A.
  • NatureWorks LLC
  • Total Corbion PLA bv
  • PTT MCC Biochem Co. Ltd
  • Roquette Feres
  • Avantium
  • Toray Industries Inc.
  • LyondellBasell Industries Holding B.V.
  • BASF SE
  • BioApply
  • Braskem
  • Biofase
  • Others

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Key Driver:

Growing Consumer Awareness Towards Sustainable Packaging Products  - Consumers are becoming more health-conscious & adopting sustainable practices in terms of their purchase decisions, which is being reflected in the growing demand for sustainable & green products across the globe. Bioplastics cause less harm & are easily biodegradable, due to which the customers are inclining more towards sustainable packaging of products which has induced the need for these resources & resulted in the growth of the respective market. The growing popularity of reusable & biodegradable alternatives, such as bamboo straws, glass water bottles, cloth bags, etc., among consumers has again benefitted the market through an enhanced avenue of expansion.

Moreover, the consumer's perception of these resources has also changed due to the COVID-19 pandemic in 2020. With the increased focus on sustainability, cleanliness, and others, consumers have become more conscious in terms of their purchases & selecting environment-friendly products with keen observation, especially in developed & fast-developing economies. Therefore, the improved awareness among individuals would expand the adoption of bioplastic-based products in the coming years, thereby pushing market expansion in the ensuing years.

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Bioplastic Market Segmentation

By Product Type

  • Biodegradable
    • Polylactic Acid
    • Cellulose Film
    • Starch Blend
    • Polybutylene Adipate Terephthalate (PBAT)
    • Polybutylene Succinate (PBS)
    • Others
  • Non-Biodegradable
    • Polyethylene
    • Polyethylene Terephthalate
    • Polyamide
    • Polytrimethylene Terephthalate
    • Others

Of all, the Biodegradable product type is envisioned to exhibit noticeable growth in the global market.

By Raw Material

  • Sugarcane
  • Potato
  • Corn Starch
  • Switch grass
  • Vegetable Oil
  • Cassava
  • Wheat
  • Others

By End-User

  • Packaging
    • Rigid Packaging
    • Flexible Packaging
  • Agriculture
  • Consumer Goods
  • Automotive & Transport
  • Agriculture & Horticulture
  • Electrical & Electronics
  • Textiles
  • Others (Building & Construction, coatings & adhesives, etc.)

Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

Of all the regions across the globe, Europe is poised to account for the majority of the market share in the global market.

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  3. Identify lucrative market opportunities and strategic growth areas.
  4. Analyze competitors to enhance your positioning in the market landscape.
  5. Understand geographical trends across diverse markets for better expansion strategies.

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