Bioplastics & Biopolymers Market

Global Bioplastics & Biopolymers Market Size

The Global Bioplastics or Biopolymers Market size was valued at USD 19.75 billion in 2024, and the global market size is expected to reach USD 154.76 billion by 2033 from USD 24.83 billion in 2025. The market's promising CAGR for the predicted period is 25.7%.

Bioplastics or biopolymers are plastic or polymer materials that are produced from renewable biomass sources like vegetable fats and oils, straw, corn starch, woodchips, recycled food waste, sawdust, etc. These materials can also be made from by-products of agriculture, from used plastic bottles and other containers using microorganisms. In this market, around 80% of polymeric materials are produced from the petroleum industry, while fossil fuels are processed. The growing usage of plastics is burdening the environment with their increasing carbon footprint owing to the greenhouse gas emissions, coupled with other factors like pollution in soil and groundwater. The growing focus on sustainable developments is expected to create opportunities for bio-based plastics and polymers in the coming years. These Biopolymers are polymers that are degradable while subjected to moisture & heat, under the action of microorganisms. They are majorly made from biomass, waste starch, and other renewable feedstock. 

MARKET DRIVERS

Polylactic acid, bio-nano composites, polyhydroxyalkanoate, etc. are some commercially available polymers, which are used in the electronics and automotive industries. For reducing carbon footprint, governments are encouraging the usage of these biodegradable polymers over conventional polymers. Also, some of the major automotive companies are now opting for biopolymers in their vehicles; like the usage of biopolymers for interior applications by Ford Motor Company.

Factors such as limited availability of petroleum resources, fluctuation in crude oil prices, and awareness regarding ecological problems are the key factors that are driving the growth of the Global Bioplastics & Biopolymers Market during the forecast period. Instead of being a niche market, the target market is supposed to witness significant growth during the forecast period. Changing environmental regulations on carbon emissions & plastic usage and political conditions are also forecasted to create opportunities for the expansion of The Global Bioplastics & Biopolymers Market over the forecast period.

MARKET RESTRAINTS

However, costing is a significant issue for biopolymers, which is still pretty steep owing to the manufacturing cost, which is according to the European Bioplastics Association. This steep in the prices of these polymers could be manifested as a major restraint that is hindering the global market over the outlook period.

REPORT COVERAGE

REGIONAL ANALYSIS

In the regional analysis of the Global Bioplastics & Biopolymers Market, Europe's market held the largest share of the overall revenue and is also expected to maintain its dominance during the projection period. The major factors that are driving the target market in this region are the rapid consumption of plastics and rising consumer awareness for bio-based products in the area. Furthermore, the growth in the demand for plastic for keeping environment-friendly products and rising awareness regarding the maintenance of atmosphere balance among the consumers is further enhancing the growth of this regional market's contribution towards the global bioplastics & biopolymers market in the future. 

And the other factor that is fuelling the market in Europe is the development of plastics which are bio-based with joint research, which is assumed to further rise in Europe's plastics industry. Factors that have played an essential role in the market saturation of bio-plastics & bio-polymers are the political effects and economic conditions. And the rise in the growing disposable income, packaging of goods, and increase in innovation & development in biodegradable & biopolymer products are anticipated to boost the target market growth part in the global Bioplastics & biopolymers market over the forecast years.

The regional market of the Asia Pacific is likely to grow at the highest CAGR in the global market over the projection period. Further, rising growing GDP, changing lifestyle of consumers, and the strong economic growth in countries like China, Thailand, Korea, Japan, and India, are the factors that are anticipated to push the market growth in the bioplastics & biopolymers market in the future.

KEY MARKET PLAYERS

NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), Plantic Technologies (Australia), Arkema (France), and Cardia Bioplastics (Australia) are playing dominating role in the global biopolymer & bioplastics market

RECENT HAPPENINGS IN THE MARKET

• Novamont, a firm that develops and produces bioplastics and biochemicals through the integration of chemistry, has announced a new compostable MATER-BI grade for extrusion coating and extrusion lamination on paper, board, and other substrates.
• Total Corbion PLA, a renowned technology leader in the world in Poly Lactic Acid (PLA) and lactide monomers, has inaugurated its 75-kilotonne-per-annum polylactic acid production plant in Thailand.

MARKET SEGMENTATION

This research report on the global biopolymer & bioplastics market has been segmented and sub-segmented based on chemical type, product type, end-user, raw material, and region.

By Chemical Type

• Bio-Polyethylene terephthalate (Bio-PET)
• Starch Blends, Polylactic Acid (PLA)
• Polyamide
• polytrimethylene terephthalate (PTT)
• Bio-polyethylene (Bio-PE)

By Product Type

• Bottles
• Cups
• Cans
• Corrugated Cases
• Boxes
• Plates

By End-User

• Packaging
• Automotive
• Textile
• Agriculture
• Electronics
• Building and Construction
• Coatings, and Adhesives
• Consumer Goods
• Packaging

By Raw Material

• Sugarcane
• Sugarbeet
• Corn
• Potato
• Wheat
• Castor Oil

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa