Bioplastics for Agribusiness Market: By Product Type Biodegradable, and Non-Biodegradable, By Raw Materials, By End User, and Geography
Bioplastics for Agribusiness Market size was valued at US$ 3,742.9 million in 2023 and poised to grow at a 12.1% CAGR from 2024 to 2030. The bioplastics in the agribusiness market comprises the development, production, and sale of biodegradable and bio-based polymers used in various agricultural applications. Bioplastics have features like low carbon footprint, reduced waste, improved composability, and decreased energy cost which possess high growth potential. The driving demands for bioplastics are increased use of bioplastics in the packaging industry, rise in waste management in Europe, favorable government policies, and growing concern for human health. Efficient and cost-effective production can be facilitated by technological advancement and innovations in bioplastic materials which contributes to market growth. The market growth is also influenced by increasing demand for high-efficiency materials to enhance crop yield and simplify farming practices. However, the reliability and adoption may be affected by the inconsistent performance of bioplastics in different environmental conditions. Moreover, significant potential for market growth has been created by developing new and improved bioplastic formulations that offer enhanced durability and versatility for market growth. growth potential in the market space is also generated by the growing focus on sustainable agricultural practices.
Study Period
2023-2029Base Year
2023CAGR
12.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The bio plastic market is widely available in nearly every geographical region around the world. Various governments around the world have adopted different policies to encourage the biodegradability and sustainability of bioplastics. The European union political supports the bio plastic market. The market driven by bioplastic include its environmentally favourable features, high consumer acceptance of bio-based products, regulatory support for producing degradable packaging materials, and the availability of renewable raw material sources for bio plastic manufacturing. bio plastic manufacturing requires 65% less energy than conventional plastic production which is an energy efficient method. Due to the less toxicity and quick decomposition bioplastic do not affect soil or ecosystem. Moreover, bioplastic emits very little greenhouse gas during the decomposition process. Major key companies such as Coca-Cola, Nike, nestle, and ford are showing interest in the manufacturing and use of bio plastic materials in a variety of applications owing to excellent technological properties and functionalities. These factors are projected to support revenue growth of the bio plastic market.
Based on regions, the market share is divided into North America, Asia-Pacific, Europe, Latin America and MEA. The United States and Canada witness significant growth due to increasing awareness of environmental issues, leading to a substantial demand for sustainable products, including bioplastics in agriculture for uses such as biodegradable mulch films in the North American region. The support from regional governments through grants and funding and expansion of research & development in bioplastics is boosting sustainable agriculture technology. In European countries, innovation in bioplastics is driven by regional policies such as the Single-Use Plastics Directive and green procurement incentives. In the Middle East countries, the interest in bioplastics is mainly driven to diversify economies and reduce plastic waste. The Asia Pacific region, such as China, Japan, and India, presents a rapidly developing market for bioplastics in agribusiness.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2023-2029 |
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Market Size in 2023 |
US$ 3,742.9 million |
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Market CAGR |
12.1% |
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By Product Type |
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By Raw Material |
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By End User |
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By Region |
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The Bioplastics for Agribusiness Market is influenced by the plastic industry.
The leading players in the Bioplastics for Agribusiness Market are NatureWorks LLC, Braskem, BASF SE, TotalEnergies Corbion, Novamont S.P.A, Biome Bioplastics Ltd.
Historic years considered for the market study are 2019 – 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
| 1.Executive Summary |
| 2.Global Bioplastics For Agribusiness Market Introduction |
| 2.1.Global Bioplastics For Agribusiness Market - Taxonomy |
| 2.2.Global Bioplastics For Agribusiness Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Raw Material |
| 2.2.3. End User |
| 2.2.4.Region |
| 3.Global Bioplastics For Agribusiness Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bioplastics For Agribusiness Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bioplastics For Agribusiness Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Biodegradable |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-Biodegradable |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Bioplastics For Agribusiness Market By Raw Material , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Sugar cane/ sugar beet |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Potato |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Corn starch |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Wheat |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Switchgrass |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Cassava |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Bioplastics For Agribusiness Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Packaging |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Textiles |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Automotive & Transport |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Electronics & Electricals |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Coatings & Adhesives |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Agriculture & Horticulture |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Building & Construction |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Others |
| 7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8.Global Bioplastics For Agribusiness Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Bioplastics For Agribusiness Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Biodegradable |
| 9.1.2.Non-Biodegradable |
| 9.2. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Sugar cane/ sugar beet |
| 9.2.2.Potato |
| 9.2.3.Corn starch |
| 9.2.4.Wheat |
| 9.2.5.Switchgrass |
| 9.2.6.Cassava |
| 9.2.7.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Packaging |
| 9.3.2.Textiles |
| 9.3.3.Automotive & Transport |
| 9.3.4.Electronics & Electricals |
| 9.3.5.Coatings & Adhesives |
| 9.3.6.Agriculture & Horticulture |
| 9.3.7.Building & Construction |
| 9.3.8.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Bioplastics For Agribusiness Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Biodegradable |
| 10.1.2.Non-Biodegradable |
| 10.2. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Sugar cane/ sugar beet |
| 10.2.2.Potato |
| 10.2.3.Corn starch |
| 10.2.4.Wheat |
| 10.2.5.Switchgrass |
| 10.2.6.Cassava |
| 10.2.7.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Packaging |
| 10.3.2.Textiles |
| 10.3.3.Automotive & Transport |
| 10.3.4.Electronics & Electricals |
| 10.3.5.Coatings & Adhesives |
| 10.3.6.Agriculture & Horticulture |
| 10.3.7.Building & Construction |
| 10.3.8.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Bioplastics For Agribusiness Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Biodegradable |
| 11.1.2.Non-Biodegradable |
| 11.2. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Sugar cane/ sugar beet |
| 11.2.2.Potato |
| 11.2.3.Corn starch |
| 11.2.4.Wheat |
| 11.2.5.Switchgrass |
| 11.2.6.Cassava |
| 11.2.7.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Packaging |
| 11.3.2.Textiles |
| 11.3.3.Automotive & Transport |
| 11.3.4.Electronics & Electricals |
| 11.3.5.Coatings & Adhesives |
| 11.3.6.Agriculture & Horticulture |
| 11.3.7.Building & Construction |
| 11.3.8.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Bioplastics For Agribusiness Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Biodegradable |
| 12.1.2.Non-Biodegradable |
| 12.2. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Sugar cane/ sugar beet |
| 12.2.2.Potato |
| 12.2.3.Corn starch |
| 12.2.4.Wheat |
| 12.2.5.Switchgrass |
| 12.2.6.Cassava |
| 12.2.7.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Packaging |
| 12.3.2.Textiles |
| 12.3.3.Automotive & Transport |
| 12.3.4.Electronics & Electricals |
| 12.3.5.Coatings & Adhesives |
| 12.3.6.Agriculture & Horticulture |
| 12.3.7.Building & Construction |
| 12.3.8.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Bioplastics For Agribusiness Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Biodegradable |
| 13.1.2.Non-Biodegradable |
| 13.2. Raw Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Sugar cane/ sugar beet |
| 13.2.2.Potato |
| 13.2.3.Corn starch |
| 13.2.4.Wheat |
| 13.2.5.Switchgrass |
| 13.2.6.Cassava |
| 13.2.7.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Packaging |
| 13.3.2.Textiles |
| 13.3.3.Automotive & Transport |
| 13.3.4.Electronics & Electricals |
| 13.3.5.Coatings & Adhesives |
| 13.3.6.Agriculture & Horticulture |
| 13.3.7.Building & Construction |
| 13.3.8.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.BASF SE, |
| 14.2.2.Bio-On SpA, |
| 14.2.3.Biome Bioplastics Limited., |
| 14.2.4.Carbios, |
| 14.2.5.Danimer Scientific, |
| 14.2.6.Eastman Chemical Company, |
| 14.2.7.FKuR Kunststoff GmbH, |
| 14.2.8.Futamura Group., |
| 14.2.9.Good Natured Products Inc., |
| 14.2.10.Green Dot Bioplastics, Inc., |
| 14.2.11.Kuraray Co., Ltd., |
| 14.2.12.Mitsubishi Chemical Group Corporation, |
| 14.2.13.Roquette Frères, |
| 14.2.14.TIPA Corp Ltd., |
| 14.2.15.UrthPact, LLC. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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