Product Code: GVR-4-68038-587-8
Bioplastics Market Growth & Trends:
The global bioplastics market size is estimated to reach USD 44.77 billion by 2030 and is anticipated to expand at a CAGR of 19.5% during the forecast period, according to a new report by Grand View Research, Inc. An increase in demand for plastic alternatives has been observed in the market, owing to the rising concerns over the use of plastics. With the rapid pace of innovation and new product development, manufacturers in the market are shifting their focus toward the development of bioplastics.
Companies are continuously developing product lines using biodegradable & non-biodegradable bioplastics and recycled materials to address the concerns regarding the toxic effects of plastic waste. Several small and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame. This is expected to drive market growth in the coming years.
In addition, bioplastics help reduce the micro plastic content in the soil and water, as their waste gradually decomposes into small pieces. Moreover, efforts have been taken by associations, such as the European Bioplastics, to clarify further the definition of bioplastics in the regulations prescribed by the government. These trends are expected to benefit the overall market growth over the forecast period.
Bioplastics Market Report Highlights:
- Based on product, the biodegradable segment held the largest share, accumulating 50.02% market share in 2024. Several countries are imposing strict regulations to reduce the negative impact of plastics, which is expected to promote the market for biodegradable plastics
- Packaging dominated the application segment with revenue market share of 61.36% in 2024 and is expected to grow at a significant CAGR in the coming years. Expansion of the e-commerce industry owing to the increased convenience of shopping and the wide variety of goods offered by e-commerce platforms is expected to augment the demand for bioplastics in the packaging segment over the forecast period
- Based on region, Europe dominated the global flexible PU Foam market, accumulating 43.38% market share in 2024. The growing demand for sustainable materials rises, bioplastics offer an eco-friendly alternative, helping reduce reliance on traditional plastics and decreasing environmental impact is expected to drive the market growth over the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2023
- 2.2 Segment Snapshot (1/2)
- 2.3 Segment Snapshot (2/2) Sources: European Bioplastics, BPI, JBPA, Company Annual Reports, Primary Interviews, Grand View Research, Inc.
- 2.4 Competitive Landscape Snapshot
Chapter 3 Bioplastics Market: Variables and Trends
- 3.1 Market Lineage Outlook
- 3.1.1 Global Plastics Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.2 Raw Material Price Analysis
- 3.3.2.1 Sugarcane by-products Price Index
- 3.3.2.2 Corn Seeds Price Analysis
- 3.3.2.3 Cassava/Tapioca Price Analysis
- 3.4 Technology Framework
- 3.4.1 Commercial Production Technology
- 3.5 Impact of Circular Economy on the Bioplastics Market
- 3.6 Average Bioplastics Price Trend Analysis, 2018 - 2030 (USD/Kilogram)
- 3.6.1 Key Factors Influencing Pricing
- 3.7 Regulatory Framework
- 3.7.1 Policies and Incentive Plans
- 3.7.2 Standards & Compliances
- 3.8 Market Dynamics
- 3.8.1 Market Driver Analysis
- 3.8.1.1 Growing use of renewable & bio-based products
- 3.8.1.2 shift in Consumer Preferences Toward Eco-Friendly Packaging and strict government regulations
- 3.8.2 Market Restraint Analysis
- 3.8.2.1 Price competitiveness of bioplastics over conventional plastics
- 3.8.3 Industry Challenge Analysis
- 3.9 Market Business Environment Analysis
- 3.9.1 Industry Analysis: Porter's Five Forces Model
- 3.9.2 Macroeconomic Environment Analysis
- 3.10 Looming Inflation Concerns and Economic Slowdown & their Impact on the Market
- 3.11 Supply Chain Disruption in the Red Sea
Chapter 4 Bioplastics Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share Volume, 2023 & 2030
- 4.2 Product Movement Analysis & Market Share Revenue, 2023 & 2030
- 4.3 Bioplastics Market Estimates & Forecasts, by Product (Kilotons) (USD Million)
- 4.3.1 Biodegradable
- 4.3.1.1 Biodegradable Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.1.2 Polylactic Acid
- 4.3.1.2.1 Polylactic Acid Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.1.3 Starch Blends
- 4.3.1.3.1 Starch Blends Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.1.4 Polybutylene Adipate Terephthalate (PBAT)
- 4.3.1.4.1 Polybutylene Adipate Terephthalate (PBAT) Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.1.5 Polybutylene Succinate (PBS)
- 4.3.1.5.1 Polybutylene Succinate (PBS) Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.1.6 Others
- 4.3.1.6.1 Other Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2 Non-Biodegradable
- 4.3.2.1 Non-Biodegradable Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2.2 Polyethylene
- 4.3.2.2.1 Polyethylene Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2.3 Polyethylene Terephthalate
- 4.3.2.3.1 Polyethylene Terephthalate Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2.4 Polyamide
- 4.3.2.4.1 Polyamide Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2.5 Polytrimethylene Terephthalate
- 4.3.2.5.1 Polytrimethylene Terephthalate Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3.2.6 Others
- 4.3.2.6.1 Other Bioplastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Bioplastics Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share Volume, 2023 & 2030
- 5.2 Application Movement Analysis & Market Share Revenue, 2023 & 2030
- 5.3 Bioplastics Market Estimates & Forecasts, by Application (Kilotons) (USD Million)
- 5.3.1 Packaging
- 5.3.1.1 Bioplastics in Packaging Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2 Agriculture
- 5.3.2.1 Bioplastics in Agriculture Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3 Textiles
- 5.3.3.1 Bioplastics in Textiles Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4 Automotive & Transportation
- 5.3.4.1 Bioplastics in Automotive & Transportation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5 Electronics
- 5.3.5.1 Bioplastics in Electronics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.6 Others
- 5.3.6.1 Bioplastics in Other Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Bioplastics Market: Regional Estimates & Trend Analysis
- 6.1 Bioplastics Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.2.4 Mexico
- 6.2.4.1 Mexico Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3 Europe
- 6.3.1 Europe Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3.2 Germany
- 6.3.2.1 Germany Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3.3 France
- 6.3.3.1 France Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3.4 UK
- 6.3.4.1 UK Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Italy Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.3.6 Spain
- 6.3.6.1 Spain Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4.2 China
- 6.4.2.1 china Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4.3 India
- 6.4.3.1 india Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4.4 Japan
- 6.4.4.1 japan Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4.5 South Korea
- 6.4.5.1 South Korea Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.4.6 Australia
- 6.4.6.1 Australia Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Bioplastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
Chapter 7 Global Bioplastics Market: Competitive Landscape
- 7.1 Recent Developments & Their Impact Analysis, by Key Market Participants
- 7.2 Company Categorization
- 7.3 Vendor Landscape
- 7.3.1 List of Key Distributors and Channel Partners
- 7.3.2 List of Potential Customers/Key End Users
- 7.4 Competitive Dynamics
- 7.4.1 Company Market Share Analysis & Market Positioning
- 7.4.2 Competitive Benchmarking
- 7.4.3 Strategy Mapping
- 7.4.3.1 Expansions
- 7.4.3.2 new facility/product launches
- 7.4.3.3 Partnerships/Collaborations
- 7.4.3.4 Mergers & Acquisitions
- 7.4.3.5 Research & Development
- 7.4.4 Company Heat Map Analysis
- 7.5 Company Outlines
- 7.5.1 Participant's Overview
- 7.5.2 Financial Performance
- 7.5.3 Product Benchmarking
- 7.6 TEIJIN LIMITED
- 7.7 Toray Industries, Inc.
- 7.8 Toyota Tsusho Corporation
- 7.9 Avantium
- 7.10 PTT MCC Biochem Co., Ltd.
- 7.11 An Phat Holdings
- 7.12 NatureWorks LLC
- 7.13 SABIC
- 7.14 BASF
- 7.15 Futerro
- 7.16 Trinseo
- 7.17 Braskem S.A.
- 7.18 TotalEnergies Corbion
- 7.19 ECPlaza Network Inc.
- 7.20 Solvay