Bioplastics and Biopolymers Market Size – By Type (Biodegradable and Non-Biodegradable), By Raw Material Source (Sugarcane, Corn, Cassava, Potatoes, Vegetable Oils & Fatty Acids, Wood and Cellulose, Algae and Others), By Application (Packaging, Consumer Goods, Automotive and Transportation, Textile, Agriculture and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-18
- NO OF PAGES
- 260
- CATEGORY
- Chemicals & Materials
Market Overview
The Bioplastics and Biopolymers market report is predicted to develop at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2034, when global Bioplastics and Biopolymers market forecast size is projected to reach USD 78.35 Billion in 2034, based on an average growth pattern. The global Bioplastics and Biopolymers market revenue is estimated to reach a value of USD 17.48 Billion in 2024.
SOURCE: We Market Research
The Global
Bioplastics and Biopolymers Market refers to the industry involved in the
production, development, and use of plastics and polymers derived from renewable
biological sources such as plants, algae, and biomass.
The global
bioplastics and biopolymers market is experiencing significant growth due to
increasing environmental concerns, the need for sustainable alternatives to
traditional plastics, and rising consumer demand for eco-friendly products.
Bioplastics are derived from renewable sources such as plants, biomass, and
algae, while biopolymers refer to polymers produced through biological
processes. These materials offer a wide range of applications across industries
such as packaging, automotive, agriculture, and consumer goods.
Global Bioplastics and Biopolymers Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 17.48 Billion |
|
Market
Forecast in 2034 |
USD 78.35 Billion |
|
CAGR % 2024-2034 |
20.4% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Type, By
Raw Material Source, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Bioplastics and Biopolymers Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Bioplastics and Biopolymers market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Bioplastics and Biopolymers Market Segmentation
Market- By Type Analysis
By type, the Bioplastics and Biopolymers market analysis is categories into Biodegradable and Non-biodegradable. Biodegradable segment dominates the market with the largest share, accounting for over 55% of the market in 2023. Biodegradable bioplastics are the largest segment in the market, largely driven by the demand for eco-friendly solutions to reduce plastic pollution and waste. This segment includes materials such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch-based plastics, and cellulose-based plastics.
The
following segments are part of an in-depth analysis of the global Bioplastics
and Biopolymers market:
|
Market Segments |
|
|
By Type |
·
Biodegradable o
Polylactic Acid (PLA) o
Starch Blends o
Polybutylene Adipate Terephthalate (PBAT) o
Polyhydroxyalkanoates (PHA) o
Polycaprolactone (PCL) o
Others ·
Non-Biodegradable o
Bio-Polyethylene (Bio-PE) o
Bio-Polyethylene Terephthalate (Bio-PET) o
Bio-Polyamide (Bio-PA) o
Others |
|
By Raw
Material Source |
·
Sugarcane ·
Corn ·
Cassava ·
Potatoes ·
Vegetable Oils & Fatty Acids ·
Wood and Cellulose ·
Algae ·
Others |
|
By Application |
·
Packaging ·
Consumer Goods ·
Automotive and Transportation ·
Textile ·
Agriculture ·
Others |
Bioplastics and Biopolymers Industry: Regional
Analysis
North America Market Forecast
North America, particularly the U.S. and Canada, is a significant market for both biodegradable and non-biodegradable bioplastics. The region is focused on sustainable packaging, renewable energy, and reducing dependence on fossil fuel-based plastics. The U.S. has enacted some state-level bans on single-use plastics, encouraging companies to adopt biodegradable and renewable alternatives. North America has a strong presence of bioplastics companies like NatureWorks (PLA) and BioAmber, which focus on advanced production technologies and bio-based materials.
Europe Market Statistics
Europe is the
largest market for bioplastics and biopolymers accounting for around 38% of the
market share, driven by strong environmental regulations, consumer awareness,
and demand for sustainable solutions. The European Union has set ambitious
targets to reduce plastic waste, including the Plastic Strategy and directives
on single-use plastics, fostering the growth of biodegradable and bio-based
plastics. European consumers and businesses are increasingly adopting
eco-friendly materials in packaging, textiles, automotive, and agriculture.
Asia Pacific Market Forecasts
Asia-Pacific is
a rapidly growing market for bioplastics, driven by population growth,
industrialization, and increasing awareness of environmental sustainability.
Rising industrial production and packaging demand, particularly in China,
India, Japan, and South Korea. Asian countries are beginning to implement
policies to reduce plastic waste, with several nations considering or adopting
bans on single-use plastics and promoting the use of biodegradable materials.
Middle East & Africa Market Statistics
The MEA region
is the smallest market for bioplastics but is expected to see growth,
particularly in countries with emerging industries and growing consumer demand
for sustainable solutions. The region, traditionally dominated by fossil
fuel-based plastics, is beginning to explore renewable and bio-based
alternatives.
Latin America Market Statistics
The Latin
American market for bioplastics is relatively small but has been expanding
steadily due to growing environmental awareness and increasing demand for
sustainable products, especially in packaging and agriculture. Latin America
has a large agricultural base, making it a key supplier of biomass for
bioplastic production. Several Latin American countries are starting to adopt
policies aimed at reducing plastic pollution, supporting the growth of
bioplastics.
Key Market Players
The Global Bioplastics and Biopolymers Market is
dominated by a few large companies, such as
·
NatureWorks LLC
·
BASF SE
·
Braskem S.A.
·
Corbion N.V.
·
TotalEnergies Corbion
·
Novamont S.p.A.
·
Biome Bioplastics Ltd.
·
Toray Industries, Inc.
·
Trinseo S.A.
·
Arkema S.A.
·
Danimer Scientific
·
FKuR Kunststoff GmbH
·
Mitsubishi Chemical Corporation
·
Teijin Limited
·
Plantic Technologies Limited
·
Others
1.
Global
Bioplastics and Biopolymers Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Bioplastics and
Biopolymers Market Scope and Market Estimation
1.2.1. Global Bioplastics and
Biopolymers Overall Market Size (US$ Bn) and Volume (Tons), Market CAGR (%),
Market forecast (2024 - 2034)
1.2.2. Global Bioplastics and
Biopolymers Market Revenue Share (%) and Volume Share (%) and Growth Rate
(Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Type of Global Bioplastics and Biopolymers
Market
1.3.2. Bioplastics and Biopolymers of
Global Bioplastics and Biopolymers Market
1.3.3. Application of Global Bioplastics
and Biopolymers Market
1.3.4. Region of Global Bioplastics and
Biopolymers Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Bioplastics and
Biopolymers Market Estimates &
Historical Trend Analysis (2019 - 2023)
4. Global
Bioplastics and Biopolymers Market
Estimates & Forecast Trend Analysis, by Type
4.1. Global Bioplastics and
Biopolymers Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by
Type, 2019 - 2034
4.1.1. Biodegradable
4.1.1.1.
Polylactic
Acid (PLA)
4.1.1.2.
Starch
Blends
4.1.1.3.
Polybutylene
Adipate Terephthalate (PBAT)
4.1.1.4.
Polyhydroxyalkanoates
(PHA)
4.1.1.5.
Polycaprolactone
(PCL)
4.1.1.6.
Others
4.1.2. Non-Biodegradable
4.1.2.1.
Bio-Polyethylene
(Bio-PE)
4.1.2.2.
Bio-Polyethylene
Terephthalate (Bio-PET)
4.1.2.3.
Bio-Polyamide
(Bio-PA)
4.1.2.4.
Others
5. Global
Bioplastics and Biopolymers Market
Estimates & Forecast Trend Analysis, by Raw Material
Source
5.1. Global Bioplastics and
Biopolymers Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Raw Material Source, 2019 - 2034
5.1.1. Sugarcane
5.1.2. Corn
5.1.3. Cassava
5.1.4. Potatoes
5.1.5. Vegetable Oils & Fatty Acids
5.1.6. Wood and Cellulose
5.1.7. Algae
5.1.8. Others
6. Global
Bioplastics and Biopolymers Market
Estimates & Forecast Trend Analysis, by Application
6.1. Global Bioplastics and
Biopolymers Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Application, 2019 - 2034
6.1.1. Packaging
6.1.2. Consumer Goods
6.1.3. Automotive and Transportation
6.1.4. Textile
6.1.5. Agriculture
6.1.6. Others
7.
Global Bioplastics and
Biopolymers Market Estimates &
Forecast Trend Analysis, by Region
7.1. Global Bioplastics and
Biopolymers Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts,
by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Bioplastics and Biopolymers Market: Estimates & Forecast Trend Analysis
8.1.
North
America Bioplastics and Biopolymers Market Assessments & Key Findings
8.1.1. North America Bioplastics and
Biopolymers Market Introduction
8.1.2. North America Bioplastics and
Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
8.1.2.1. By Type
8.1.2.2. By Raw Material
Source
8.1.2.3. By Application
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Bioplastics and Biopolymers Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Bioplastics and
Biopolymers Market Assessments & Key Findings
9.1.1. Western Europe Bioplastics and
Biopolymers Market Introduction
9.1.2. Western Europe Bioplastics and
Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
9.1.2.1. By Type
9.1.2.2. By Raw Material
Source
9.1.2.3. By Application
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Bioplastics
and Biopolymers Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Bioplastics and
Biopolymers Market Assessments & Key Findings
10.1.1. Eastern Europe Bioplastics and
Biopolymers Market Introduction
10.1.2. Eastern Europe Bioplastics and
Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
10.1.2.1. By Type
10.1.2.2. By Raw Material
Source
10.1.2.3. By Application
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Bioplastics
and Biopolymers Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Bioplastics and
Biopolymers Market Introduction
11.1.2. Asia Pacific Bioplastics and
Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
11.1.2.1. By Type
11.1.2.2. By Raw Material
Source
11.1.2.3. By Application
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Bioplastics
and Biopolymers Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market Assessments
& Key Findings
12.1.1. Middle
East & Africa Bioplastics
and Biopolymers Market Introduction
12.1.2. Middle
East & Africa Bioplastics
and Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion
& Tons) (2019 - 2034)
12.1.2.1. By Type
12.1.2.2. By Raw Material Source
12.1.2.3. By Application
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Bioplastics and Biopolymers Market:
Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Bioplastics and
Biopolymers Market Introduction
13.1.2. Latin America Bioplastics and
Biopolymers Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
13.1.2.1. By Type
13.1.2.2. By Raw Material
Source
13.1.2.3. By Application
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Bioplastics and
Biopolymers Market Product Mapping
15.2. Global Bioplastics and
Biopolymers Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
15.3. Global Bioplastics and
Biopolymers Market Tier Structure Analysis
15.4. Global Bioplastics and
Biopolymers Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. NatureWorks
LLC
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
16.2. BASF SE
16.3. Braskem S.A.
16.4. Corbion N.V.
16.5. TotalEnergies
Corbion
16.6. Novamont
S.p.A.
16.7. Biome
Bioplastics Ltd.
16.8. Toray
Industries, Inc.
16.9. Trinseo S.A.
16.10. Arkema S.A.
16.11. Danimer
Scientific
16.12. FKuR
Kunststoff GmbH
16.13. Mitsubishi
Chemical Corporation
16.14. Teijin Limited
16.15. Plantic
Technologies Limited
16.16. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Bioplastics and Biopolymers Market in 2024?
Bioplastics and Biopolymers Market was valued at USD 17.48 Billion in 2024.
What is the growth rate for the Bioplastics and Biopolymers Market?
Bioplastics and Biopolymers Market size will increase at approximate CAGR of 20.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are NatureWorks LLC, BASF SE, Braskem S.A., Corbion N.V., TotalEnergies Corbion, Novamont S.p.A., Biome Bioplastics Ltd., Toray Industries, Inc., Trinseo S.A., Arkema S.A., and others.
Which region dominates the Bioplastics and Biopolymers Market?
Europe dominates the market with an active share of 38%.
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