Global Bioplastic Market Trends and Forecast 2028: Growth & Market Size

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.                                      

Global Bioplastic Market Dynamics:

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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Bioplastic Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Revenue (USD Million)
• Quantity Sold (Thousand Tons )
  • Market Share & Analysis 
    • 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
    • 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

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   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, Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries, Others

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