The global bioplastics market is estimated to be valued at approximately USD 10.94 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2031. The global bioplastics market has been witnessing significant growth in recent years driven by the growing awareness about environmental protection. Bioplastics are plastics derived from renewable biomass sources such as vegetable fats and oils, corn starch, or microbiota and are known to have lower carbon footprint than conventional plastics. The increasing demand for eco-friendly products from end-use industries like packaging, textile, consumer good and rising government investments in bioplastics research and development are expected to propel the market expansion during the forecast period. However, high manufacturing costs and lack of awareness among consumers still limits the mass adoption of bioplastics.

 Market Dynamics:

The key drivers boosting the global bioplastics market include growing environmental concerns regarding excessive plastic waste, regulations banning usage of conventional plastics and incentives by governments worldwide to promote sustainable alternatives. The opportunities lie in developing cost-effective production technologies and collaborating with FMCG giants to increase product awareness. However, high raw material and production costs compared to ordinary plastics continue to restrain the market. Also, limited performance capabilities versus petroleum-based plastics challenge widespread replacement possibilities.

 Key Features of the Study:

• This report provides in-depth analysis of the global bioplastics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global bioplastics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Teijin Limited, Toray Industries, Inc., Toyota Tsusho Corporation, Avantium, PTT MCC Biochem Co., Ltd., An Phat Holdings, NatureWorks LLC, SABIC, BASF SE, Futerro, Trinseo S.A., Braskem, Total Corbion PLAIR, SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.), Solvay, Shenzhen Ecomann Biotechnology Co. Ltd., Biome Bioplastics, and FKuR
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global bioplastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioplastics market.

Detailed Segmentation-

• By Product:
• • Biodegradable
    • Polylactic Acid
    • Starch Blends
    • Polybutylene Adipate Terephthalate (PBAT)
    • Polybutylene Succinate (PBS)
    • Others
  • Non-biodegradable
    • Polyethylene
    • Polyethylene Terephthalate
    • Polyamide
    • Polytrimethylene Terephthalate
    • Others
• By Application:
• • Packaging
  • Agriculture
  • Consumer goods
  • Textile
  • Automotive & Transportation
  • Building & Construction
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Teijin Limited
  • Toray Industries, Inc.
  • Toyota Tsusho Corporation
  • Avantium
  • PTT MCC Biochem Co., Ltd.
  • An Phat Holdings
  • NatureWorks LLC
  • SABIC
  • BASF SE
  • Futerro
  • Trinseo S.A.
  • Braskem
  • Total Corbion PLAIR
  • SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.)
  • Solvay
  • Shenzhen Ecomann Biotechnology Co. Ltd.
  • Biome Bioplastics
  • FKuR