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Global Bioplastics Market to Grow at a CAGR of 14.1% During 2024-2032, Aided by Growing Consumer Adoption of Goods Manufactured from Biomaterials

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Global Bioplastics Market Size, Share, Trends, Report: By Type: Biodegradable, Non-Biodegradable; By Application: Rigid Packaging, Flexible Packaging, Textiles, Automotive and Transportation, Agriculture and Horticulture, Consumer Goods, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Bioplastics Market Size

The global bioplastics market reached a value of about USD 11.33 billion in 2023. The market is further estimated to grow at a CAGR of 14.1% in the forecast period of 2024-2032 to reach a value of around USD 37.11 billion by 2032.

The availability of clean energy raw material sources for the production of bioplastics, increased consumer acceptance of products made from biomaterials, regulatory frameworks for producing biodegradable containers, and the characteristics of bioplastics that make them environmentally-friendly are some of the key drivers of the bioplastic market size. End-use industries are anticipated to profit from a rise in population and higher health awareness in Asia Pacific's growing economies, which will increase the bioplastics market share over the forecast period.

As they are non-toxic and easily degrade, bioplastics have no negative effects on the planet or the environment. According to the bioplastic market report, bioplastics are widely utilised in packaging applications, including films, sheets, household care items, food and beverage packaging, and packaging for personal care goods. Among the most popular bioplastics used for packaging are starch blends, PLA, PBAT, PET, PE, and PBS. Bioplastics market data indicates that more manufacturers are employing bioplastics for packaging due to consumer preferences for environmentally friendly packaging and surging global landfill problem.

As per the bioplastics market research, bioplastics are commonly employed in food packaging applications in the packaging sector. Bottles, jars, and other containers made of bioplastics are also frequently used to package fresh foods. Bottles made of PLA plastic are strong, single-use, and have qualities like gloss and transparency. Unlike products made of petroleum, polylactic acid is easily compostable and does not release hazardous fumes when it is burned. Hence, it is anticipated that throughout the forecast period, the demand for the bioplastics industry trends will continue to be very high.

Bioplastics Market Report Snapshots

Bioplastics Market Size

Bioplastics Market Growth

Bioplastics Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Bioplastics Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Bioplastics Historical Market (2018-2023)
   8.3   Global Bioplastics Market Forecast (2024-2032)
   8.4   Global Bioplastics Market by Type
       8.4.1   Biodegradable
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
           8.4.1.3 Breakup by Type
               8.4.1.3.1   Starch Blends
               8.4.1.3.2   Polylactic Acid (PLA)
               8.4.1.3.3   Polybutylene Adipate Terephthalate (PBAT)
               8.4.1.3.4   Polybutylene Succinate (PBS)
               8.4.1.3.5   Polyhydroxyalkanoates (PHA)
               8.4.1.3.6   Others
       8.4.2   Non-Biodegradable
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
           8.4.2.3 Breakup by Type
               8.4.2.3.1   Bio-Polyethylene Terephthalate (Bio-PET)
               8.4.2.3.2   Bio-Polyamide (Bio-PA)
               8.4.2.3.3   Bio-Polyethene (Bio-PE)
               8.4.2.3.4   Bio-Polytrimethylene Terephthalate (Bio-PTT)
               8.4.2.3.5   Others
   8.5   Global Bioplastics Market by Application
       8.5.1   Rigid Packaging
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
           8.5.1.3 Breakup by Type
               8.5.1.3.1   Bottles and Jars
               8.5.1.3.2   Trays
               8.5.1.3.3   Others
       8.5.2   Flexible Packaging
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
           8.5.2.3 Breakup by Type
               8.5.2.3.1   Pouches
               8.5.2.3.2   Shopping/ Waste Bags
               8.5.2.3.3   Others
       8.5.3   Textiles
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Automotive and Transportation
           8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
       8.5.5   Agriculture and Horticulture
           8.5.5.1 Historical Trend (2018-2023)
           8.5.5.2 Forecast Trend (2024-2032)
       8.5.6   Consumer Goods
           8.5.6.1 Historical Trend (2018-2023)
           8.5.6.2 Forecast Trend (2024-2032)
       8.5.7   Others
   8.6   Global Bioplastics Market by Region
       8.6.1   North America
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
9   North America Bioplastics Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Bioplastics Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Bioplastics Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Bioplastics Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Bioplastics Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Price Analysis
17   Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Novamont S.p.A.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Eastman Chemical Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Arkema
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Corbion NV
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Mitsubishi Chemical Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 BASF SE
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Biome Bioplastics Limited
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Futamura Group
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Polymateria Limited
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Plantic Technologies Limited
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 CJ CheilJedang Corp.
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Roquette Frères
17.2.12.1 Company Overview
17.2.12.2 Product Portfolio
17.2.12.3 Demographic Reach and Achievements
17.2.12.4 Certifications
17.2.13 PTT Global Chemical Public Company Limited
17.2.13.1 Company Overview
17.2.13.2 Product Portfolio
17.2.13.3 Demographic Reach and Achievements
17.2.13.4 Certifications
17.2.14 FUTERRO SA
17.2.14.1 Company Overview
17.2.14.2 Product Portfolio
17.2.14.3 Demographic Reach and Achievements
17.2.14.4 Certifications
17.2.15 TotalEnergies Corbion
17.2.15.1 Company Overview
17.2.15.2 Product Portfolio
17.2.15.3 Demographic Reach and Achievements
17.2.15.4 Certifications
17.2.16 Others
18   Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Bioplastics Market: Key Industry Highlights, 2018 and 2032
2.   Global Bioplastics Historical Market: Breakup by Type (USD Million), 2018-2023
3.   Global Bioplastics Market Forecast: Breakup by Type (USD Million), 2024-2032
4.   Global Bioplastics Historical Market: Breakup by Application (USD Million), 2018-2023
5.   Global Bioplastics Market Forecast: Breakup by Application (USD Million), 2024-2032
6.   Global Bioplastics Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Bioplastics Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Bioplastics Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Bioplastics Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Bioplastics Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Bioplastics Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Bioplastics Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Bioplastics Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Bioplastics Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Bioplastics Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Bioplastics Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Bioplastics Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Bioplastics Market Structure

Key Questions Answered in the Report

What was the global bioplastics market size in 2023?

In 2023, the global bioplastics market attained a value of USD 11.33 billion.

What is the growth rate of the market?

The market is assessed to grow at a CAGR of 14.1% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 37.11 billion by 2032.

What are the major market drivers?

The major market drivers include the expanding use of bioplastics in various sectors of the economy, increasing need to reduce fossil dependency, and growing concerns over plastic pollution.

What are the key market trends of the global bioplastics market?

The key market trends guiding the growth of the market include the rising environmental consciousness, government initiatives, and investments in research and development activities by market players to expand the market.

What are the major regional markets of bioplastics, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major types of bioplastics?

The major types of bioplastics include biodegradable and non-biodegradable.

What are the various applications of the market?

The various applications of the market include rigid packaging, flexible packaging, textiles, automotive and transportation, agriculture and horticulture, and consumer goods, among others.

Who are the key market players, according to the report?

The major players in the market are Novamont S.p.A., Eastman Chemical Company, Arkema, Corbion NV, Mitsubishi Chemical Corporation, BASF SE, Biome Bioplastics Limited, Futamura Group, Polymateria Limited, Plantic Technologies Limited, CJ CheilJedang Corp., Roquette Frères, PTT Global Chemical Public Company Limited, FUTERRO SA, and TotalEnergies Corbion, among others.

Analyst Review

The global bioplastics market attained a value of USD 11.33 billion in 2023, driven by the growing eco-consciousness to reduce greenhouse gases and fossil dependency. Aided by the government initiatives towards circular economy, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 14.1%. The market is estimated to reach about USD 37.11 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market for bioplastics, by type, is divided into biodegradable and non-biodegradable. Based on application, the market is segmented into rigid packaging, flexible packaging, textiles, automotive and transportation, agriculture and horticulture, and consumer goods, among others. The major regional markets for bioplastics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Novamont S.p.A., Eastman Chemical Company, Arkema, Corbion NV, Mitsubishi Chemical Corporation, BASF SE, Biome Bioplastics Limited, Futamura Group, Polymateria Limited, Plantic Technologies Limited, CJ CheilJedang Corp., Roquette Frères, PTT Global Chemical Public Company Limited, FUTERRO SA, and TotalEnergies Corbion, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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