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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 Outlook
The global bioplastics market size 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.
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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.
Increasing Demand for Bioplastics in the Automotive Sector to Propel the Market Growth of Bioplastics
According to the bioplastics market analysis, the automotive and transportation segment is driving the market growth of bioplastics. The increasing production and sales of automobiles due to the rising middle-class income are resulting in the growing use of bioplastics in the manufacture of vehicles, thereby propelling the market expansion of bioplastics. The bioplastics market report indicates that the wide adoption of bioplastics like bio-polyamides, polybutylene succinate over metals and fossil-based plastics in automotive manufacturing owing to its exceptional characteristics such as sustainability, lower carbon footprint, reduced dependency on fossil resources, and lightweight are significantly catalysing the market development of bioplastics. The rising inclination of customers toward environment friendly vehicles is also resulting in the steady increase of the bioplastic market share. The research done by leading automobile manufacturers such as Ford and Toyota in using bioplastics for a bright future in the vehicle manufacturing sector is likely to aid the market for bioplastics over the forecast period.
Market Segmentation
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Bioplastics are diverse groups of environmentally friendly plastics that are produced from renewable biomass sources such as crops or plants. They are biodegradable within a short time range and serve as an alternative to petroleum-based plastics. There are different types of bioplastics such as starch-based, cellulose-based, aliphatic polyesters, organic polyethylene, and protein-based, etc.
The market for bioplastics, by type, is divided into:
- Biodegradable
- Starch Blends
- Polylactic Acid (PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoates (PHA)
- Others
- Non-Biodegradable
- Bio-Polyethylene Terephthalate (Bio-PET)
- Bio-Polyamide (Bio-PA)
- Bio-Polyethene (Bio-PE)
- Bio-Polytrimethylene Terephthalate (Bio-PTT)
- Others
Based on application, the market is segmented into:
- Rigid Packaging
- Bottles and Jars
- Trays
- Others
- Flexible Packaging
- Pouches
- Shopping/ Waste Bags
- Others
- Textiles
- Automotive and Transportation
- Agriculture and Horticulture
- Consumer Goods
- Others
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The regional markets for bioplastics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Environmental Consciousness to Drive the Bioplastics Market Growth
The growing use of bioplastics in various applications as an alternate to conventional plastics due to rising environmental consciousness and the emerging need to reduce the greenhouse gases and lower carbon footprint are providing impetus to the market development of bioplastics. As per the bioplastic market research, the expanding e-commerce sector and the use of bioplastics in packaging of food contact materials to reduce the dependency on fossil fuels is invigorating the market of bioplastics.
The emerging need to manage the increasing plastic waste worldwide and the growing awareness of bioplastics being a solution to plastic pollution are key bioplastics market trends. The initiatives by various governments towards circular economy by banning the single-use plastics and promoting the plastic waste management is further propelling the market. The investments made in research and development activities by the key players to expand the market and ensure that bioplastic fulfils the needs of the global market is expected to augment the bioplastic market growth over the forecast period.
At a regional level, the European bioplastics market is expected to grow at a rapid pace, supported by the growing efforts of countries and associations in the region towards increasing awareness about the benefits of bioplastics. The push towards bioplastics in Europe is guided by the increasing focus on reducing usage and dependence on fossil resources, preventing greenhouse gas emissions, and increasing efficiency of utilising renewable resources.
Key Players in the Global Bioplastics Market
The report gives a detailed analysis of the following key players in the global bioplastics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- TotalEnergies Corbion
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
In 2023, the global bioplastics market attained a value of USD 11.33 billion.
The market is assessed to grow at a CAGR of 14.1% between 2024 and 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.
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.
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.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of bioplastics include biodegradable and non-biodegradable.
The various applications of the market include rigid packaging, flexible packaging, textiles, automotive and transportation, agriculture and horticulture, and consumer goods, among others.
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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