- Biodegradable,
- Non-biodegradable
Bioplastics Market size was valued at USD 8.5 billion in 2022, growing at a significant CAGR of 15.6% from 2023-2029 The global market report provides a detailed overview of the market, which can be segmented by product type, material, and application. The bioplastics market has been segmented by product type into Biodegradable and Non-biodegradable. The Non-biodegradable segment is likely to be the largest and fastest growing in terms of product types. By material, the bioplastics market has been segmented into Polylactic Acid (PLA), Polybutylene, Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Starch Blends, PE, PET, PA, PP, and PEF, PTT. The Polylactic Acid (PLA) segment accounted largest revenue share in 2021. Based on application, the bioplastics market is segmented into Packaging, Agriculture, Consumer Durables, Textiles, and Others. According to Precision Business Insights, the Packaging segment is predicted to register the fastest growth rate during the forecast period.
Bioplastics Market Key Development:
- In January 2021, Trinseo finalized the expansion of its thermoplastic elastomers (TPE) R&D Center in Mussolente, Italy. This expansion will allow the company to increase its leading bioplastics portfolio.
Bioplastics Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
15.6%
Largest Market
Europe
Fastest Growing Market
Asia Pacific
Bioplastics Market Dynamics
Primary market drivers for the bioplastics market include their environmentally favorable features, high consumer acceptance of bio-based products, regulatory support for producing degradable packaging materials, and the availability of renewable raw material sources for bioplastics manufacturing.
Europe Got Significant Share
Bioplastics Market Regional Analysis
China's fast growth in manufacturing and urbanization have raised the country's use of plastic. The use of bio-plastics has been prompted by the need to regulate the waste of plastic and reduce its adverse impacts on the environment. China is making significant investments in R&D, which is resulting in advances in manufacturing procedures and supplies for bioplastics. The innovations raise the level of competition in the market. The market for bioplastics was controlled by Europe, with Germany, France, Italy, and the United Kingdom representing the majority of demand. The UK is the biggest market in Europe for high-end consumer electronics and the continent's fourth-largest user of plastics.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The bioplastics market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The bioplastics market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The bioplastics market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The bioplastics market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The bioplastics market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Bioplastics Market Segmentation
By Product Type
By Material Type
- Polylactic Acid (PLA),
- Polybutylene Adipate Terephthalate (PBAT),
- Polybutylene Succinate (PBS),
- Polyhydroxyalkanoates (PHA),
- Starch Blends,
- PE,
- PET,
- PA,
- PP,
- PEF
- PTT
By Application
- Packaging,
- Agriculture,
- Consumer Durables,
- Textiles,
- Others
Frequently Asked Questions
The bioplastics market is projected to expand at a CAGR of 15.6% during the forecast period.
The major players in the global bioplastics market are ??? TEIJIN LIMITED, TORAY INDUSTRIES, INC., Toyota Tsusho Corporation, Avantium, PTT MCC Biochem Co., Ltd., Phat Holdings, NatureWorks LLC, SABIC, BASF SE, Futerro, Trinseo S.A., Braskem.
Asia Pacific is the fastest-growing region for bioplastics market
| 1. Executive Summary |
| 2. Global Bioplastics Market Introduction |
| 2.1. Global Bioplastics Market Taxonomy |
| 2.2. Global Bioplastics Market Definitions |
| 2.2.1. By Product |
| 2.2.2. By Material |
| 2.2.3. By Application |
| 2.2.4. By Region |
| 3. Global Bioplastics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Bioplastics Market Dynamic Factors - Impact Analysis |
| 3.6. Global Bioplastics Market Competition Landscape |
| 4. Global Bioplastics Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Bioplastics Market, By Product, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 5.1. Biodegradable |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Bioplastics Market, By Material, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.1. Polylactic Acid (PLA) |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Polybutylene Adipate Terephthalate (PBAT) |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polybutylene Succinate (PBS) |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Polyhydroxyalkanoates (PHA) |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Starch Blends |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. PE |
| 6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. PET |
| 6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. PA |
| 6.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. PP |
| 6.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. PEF |
| 6.10.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 6.11. PTT |
| 6.11.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 6.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.11.3. Market Opportunity Analysis |
| 7. Global Bioplastics Market Forecast, By Application, 2018-2022 and Forecast, 2023-2029 |
| 7.1. Packaging |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Agriculture |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Consumer Durables |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Textiles |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Bioplastics Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 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 |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Bioplastics Market - Opportunity Analysis Index, By Material, Application, and Region, 2023-2029 |
| 9. North America Bioplastics Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 9.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Biodegradable |
| 9.1.2. Non-biodegradable |
| 9.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Polylactic Acid (PLA) |
| 9.2.2. Polybutylene Adipate Terephthalate (PBAT) |
| 9.2.3. Polybutylene Succinate (PBS) |
| 9.2.4. Polyhydroxyalkanoates (PHA) |
| 9.2.5. Starch Blends |
| 9.2.6. PE |
| 9.2.7. PET |
| 9.2.8. PA |
| 9.2.9. PP |
| 9.2.10. PEF |
| 9.2.11. PTT |
| 9.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Packaging |
| 9.3.2. Agriculture |
| 9.3.3. Consumer Durables |
| 9.3.4. Textiles |
| 9.3.5. Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. U.S. |
| 9.4.2. Canada |
| 9.5. North America Bioplastics Market - Opportunity Analysis Index, By Product, By Material, Application, and Country, 2023-2029 |
| 9.6. North America Bioplastics Market Dynamics Trends |
| 10. Europe Bioplastics Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 10.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Biodegradable |
| 10.1.2. Non-biodegradable |
| 10.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Polylactic Acid (PLA) |
| 10.2.2. Polybutylene Adipate Terephthalate (PBAT) |
| 10.2.3. Polybutylene Succinate (PBS) |
| 10.2.4. Polyhydroxyalkanoates (PHA) |
| 10.2.5. Starch Blends |
| 10.2.6. PE |
| 10.2.7. PET |
| 10.2.8. PA |
| 10.2.9. PP |
| 10.2.10. PEF |
| 10.2.11. PTT |
| 10.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Packaging |
| 10.3.2. Agriculture |
| 10.3.3. Consumer Durables |
| 10.3.4. Textiles |
| 10.3.5. Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Bioplastics Market - Opportunity Analysis Index, By Product, By Material, Application, and Country, 2023-2029 |
| 10.6. Europe Bioplastics Market Dynamics Trends |
| 11. Asia-Pacific Bioplastics Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 11.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Biodegradable |
| 11.1.2. Non-biodegradable |
| 11.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Polylactic Acid (PLA) |
| 11.2.2. Polybutylene Adipate Terephthalate (PBAT) |
| 11.2.3. Polybutylene Succinate (PBS) |
| 11.2.4. Polyhydroxyalkanoates (PHA) |
| 11.2.5. Starch Blends |
| 11.2.6. PE |
| 11.2.7. PET |
| 11.2.8. PA |
| 11.2.9. PP |
| 11.2.10. PEF |
| 11.2.11. PTT |
| 11.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Packaging |
| 11.3.2. Agriculture |
| 11.3.3. Consumer Durables |
| 11.3.4. Textiles |
| 11.3.5. Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Bioplastics Market - Opportunity Analysis Index, By Product, By Material, Application, and Country, 2023-2029 |
| 11.6. Asia-Pacific Bioplastics Market Dynamics Trends |
| 12. Latin America Bioplastics Market Analysis, 2018-2022 and Forecast, 2022 2028 |
| 12.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Biodegradable |
| 12.1.2. Non-biodegradable |
| 12.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Polylactic Acid (PLA) |
| 12.2.2. Polybutylene Adipate Terephthalate (PBAT) |
| 12.2.3. Polybutylene Succinate (PBS) |
| 12.2.4. Polyhydroxyalkanoates (PHA) |
| 12.2.5. Starch Blends |
| 12.2.6. PE |
| 12.2.7. PET |
| 12.2.8. PA |
| 12.2.9. PP |
| 12.2.10. PEF |
| 12.2.11. PTT |
| 12.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Packaging |
| 12.3.2. Agriculture |
| 12.3.3. Consumer Durables |
| 12.3.4. Textiles |
| 12.3.5. Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029Â by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Bioplastics Market - Opportunity Analysis Index, By Material, Application, and Country, 2023-2029 |
| 12.6. Latin America Bioplastics Market Dynamics Trends |
| 13. Middle East and Africa Bioplastics Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn and Volume in Kilotons) |
| 13.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Biodegradable |
| 13.1.2. Non-biodegradable |
| 13.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Polylactic Acid (PLA) |
| 13.2.2. Polybutylene Adipate Terephthalate (PBAT) |
| 13.2.3. Polybutylene Succinate (PBS) |
| 13.2.4. Polyhydroxyalkanoates (PHA) |
| 13.2.5. Starch Blends |
| 13.2.6. PE |
| 13.2.7. PET |
| 13.2.8. PA |
| 13.2.9. PP |
| 13.2.10. PEF |
| 13.2.11. PTT |
| 13.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Packaging |
| 13.3.2. Agriculture |
| 13.3.3. Consumer Durables |
| 13.3.4. Textiles |
| 13.3.5. Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Bioplastics Market - Opportunity Analysis Index, By Product, By Material, Application, and Country, 2023-2029 |
| 13.6. MEA Bioplastics Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. BASF SE |
| 14.2.2. Dow Inc. |
| 14.2.3. Novamont S.p.A., |
| 14.2.4. Plantic |
| 14.2.5. Natureworks |
| 14.2.6. Corbion N.V., |
| 14.2.7. Biome Technologies plc, |
| 14.2.8. Mitsubishi Chemical Holdings |
| 14.2.9. Eastman Chemical Company |
| 14.2.10. Danimer Scientific |
| 14.2.11. Teijin Ltd. |
| 14.2.12. Toray Industries |
| 14.2.13. Toyota Tsusho |
| 14.2.14. Braskem |
| 14.2.15. Corbion N.V. |
| 14.2.16. Galactic |
| 14.2.17. Solvay SA |
| 14.2.18. Others |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- BASF SE
- Dow Inc.
- Novamont S.p.A.,
- Plantic
- Natureworks
- Corbion N.V.,
- Biome Technologies
- Mitsubishi Chemical
- Eastman Chemical Co
- Danimer Scientific
- Teijin Ltd.
- Toray Industries
- Toyota Tsusho
- Braskem
- Corbion N.V.
- Galactic
- Solvay SA