Market Overview
The global bioplastics market size reached USD 13.9 Billion in 2024. It is forecasted to expand to USD 33.3 Billion by 2033, growing at a CAGR of 10.18% during 2025-2033. The growth is driven by increasing environmental sustainability awareness, stricter regulations on waste management and emissions, and rising demand for eco-friendly products. This report provides detailed insights into bioplastics market trends, segmentation, regional dynamics, and competitive landscape.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Bioplastics Market Key Takeaways
- The global bioplastics market size was USD 13.9 Billion in 2024.
- The market CAGR is forecasted at 10.18% for the period 2025-2033.
- Europe exhibited the largest market segment due to regulatory support, consumer awareness, and technological innovation.
- Biodegradable bioplastics held the majority of the market share, driven by sustainability and waste management policies.
- Flexible packaging is the dominant application segment, benefiting from the demand for degradable packaging films.
- The rise of online and offline distribution channels supports market growth, aided by e-commerce expansion and regulatory bans on single-use plastics.
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Market Growth Factors
The bioplastics market is driven by environmental sustainability and favorable government regulations. Additionally, increasing concerns about climate change and the rising demand for sustainable products are driving market growth even further. Various countries, governments and international organizations worldwide are banning single-use plastics, pushing the bioplastics market towards the use of biodegradable materials. An example of this trend is the European Union’s proposed 2030 ban on single-use plastics, which is thought to increase the adoption of biodegradable bioplastics.
Advances in polymer science and material engineering contribute to an increase in the market, as do innovations in manufacturing technology to produce bioplastics that are more thermally and mechanically stable and comparable to petroleum-based plastics. Cooperation between large companies and the development of bioplastic materials from agricultural waste are additional areas for innovation in the industry. Sulzer Ltd., for example, signed a contract to provide a technology to produce polylactic acid in India’s first bioplastics facility.
Bioplastic usage in food packaging has also increased, as flexible bioplastics are often used in food packaging due to their biodegradability and safety. Rising demand for packaging solutions for ready-to-cook meals and ready-to-eat meals owing to changing lifestyles and rising working population, are the key factors driving the growth of the market. For instance, market revenue for ready-to-eat meals, owing to a change in lifestyle, is expected to be USD 1.02 Billion in 2024, and double up in 2025.
Market Segmentation
By Product
- Biodegradable: Polylactic Acid, Starch Blends, Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Others
- Biodegradable bioplastics account for the largest market share, supported by sustainability emphasis and government bans on non-biodegradable plastics.
- Non-Biodegradable: Polyethylene, Polyethylene Terephthalate, Polyamide, Polytrimethylene Terephthalate, Others
By Application
- Flexible Packaging
- Flexible packaging holds the majority market share, widely used in packaging films for food, medicines, and beverages due to biodegradability and environmental benefits.
- Rigid Packaging
- Agriculture and Horticulture
- Consumer Goods
- Textile
- Automotive and Transportation
- Others
By Distribution Channel
- Online
- Growth is driven by e-commerce expansion, requiring durable and sustainable packaging materials derived from renewable sources.
- Offline
- Offline channels continue to be vital, particularly for retail and food service, supported by local and national single-use plastic bans.
By Region
- North America: United States and Canada
- Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
- Latin America: Brazil, Mexico, Others
- Middle East and Africa
Regional Insights
Europe is the dominant region in the bioplastics market, exhibiting the largest market segment. This prominence is attributed to a unique combination of regulatory support, consumer awareness, and technological innovation. The European Union leads environmental legislation efforts aimed at plastic waste reduction. Moreover, Italy’s large packaging industry and increasing supermarket retail demand further bolster Europe’s bioplastics consumption and market growth.
Recent Developments & News
- April 2024: Gaia Biomaterials completed a US$ 5 Million rights issue backed by Almi Invest Greentech and other investors to enhance market penetration in the US, India, and other regions.
- April 2024: TotalEnergies Corbion showcased Luminy PLA bioplastics at Chinaplas 2024, emphasizing their ability to reduce product carbon emissions by up to 75% compared to conventional plastics.
- March 2024: Sulzer Ltd. signed a deal to provide polylactic acid production technologies to Balrampur Chini Mills Limited for India’s first bioplastics plant, to produce 75,000 tons of recyclable bioplastic annually using sugarcane.
Key Players
- Arkema
- BASF SE
- BioApply
- Biome Bioplastics
- Braskem
- Danimer Scientific
- Eastman Chemical Company
- FKuR Kunststoff GmbH
- Kuraray Co., Ltd
- NatureWorks LLC.
- Novamont S.p.A
- PTT Global Chemical Public Company Limited
- TotalEnergies Corbion
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