Bioplastics & Biopolymers MarketGrowth Analysis, Size, Opportunities, Top Companies, Trends, Key Segments, Regional Analysis, and Forecast to 2029

The bioplastics and biopolymers market is rapidly expanding due to growing environmental concerns and regulations favoring sustainable materials. These bio-based alternatives to traditional plastics offer biodegradability, reduced carbon footprint, and versatile applications across industries, driving market growth and innovation globally.
The global Bioplastics & Biopolymers market [https://www.marketsandmarkets.com/Market-Reports/biopolymers-bioplastics-market-88795240.html] size is anticipated to expand from USD 15.3 Billion in 2024 to USD 45.2 Billion by 2029, with a CAGR of 24.2% during 2024-2029. Key drivers include increased bioplastics usage in packaging, stringent waste management regulations in Europe, government emphasis on green procurement policies, prioritization of bio-based content, and consumer preference for eco-friendly plastic products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88795240

Bioplastics & Biopolymers Companies

Leading companies in the bioplastics & biopolymers market include NatureWorks LLC, Braskem, BASF SE, Total Energies Corbion, Versalis S.P.A, Biome Bioplastics Limited, Mitsubishi Chemical Group Corporation, Biotec Biologische Naturverpackungen GmbH & Co., Plantic Technologies Limited, and Toray Industries, Inc. These players have pursued growth strategies such as acquisitions, mergers, investments, and expansions over the past five years to enhance competitiveness and expand their customer base globally.

Europe is the largest consumer of bioplastics & biopolymers [https://www.marketsandmarkets.com/Market-Reports/biopolymers-bioplastics-market-88795240.html] and the second-largest producer of bioplastics globally. Packaging industry is the largest end-use industry of bioplastics & biopolymers in Europe. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers.

NatureWorks LLC, a major biopolymers supplier, is co-owned by Cargill and PTT Global Chemical. The company specializes in producing biopolymers from renewable sources like corn, starch, and vegetable oils. Its product range includes series for extrusion/thermoforming, injection molding, films & cards, fibers & nonwovens, and 3D printing. NatureWorks serves various industries such as beauty & household, construction, food service, electronics, medical, and hygiene across North America, Europe, Japan, and Asia-Pacific. It operates manufacturing facilities in Blair, Nebraska, with a capacity of 150,000 metric tons of ingeo biopolymer.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=88795240

BASF SE, a prominent chemical company, operates across six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It offers biodegradable plastics through its materials segment and conducts research in process research & chemical engineering, advanced materials & systems research, and bioscience research. Serving over 90,000 customers globally, BASF holds a top-three market position in approximately 30% of its active business areas. With six Verbund sites and 232 additional production sites worldwide, the company operates extensively across Europe, Asia Pacific, North America, South America, Central America, and the Middle East & Africa.

Another significant player in the Bioplastics & Biopolymers sector is TotalEnergies Corbion. TotalEnergies Corbion, established in 2017 as a joint venture between Total Energies and Corbion, holds a prominent position in the PLA and lactide monomers market globally. Their Luminy PLA portfolio encompasses products across four categories suitable for various conversion technologies. They provide a range of solutions to sectors such as packaging, automotive, consumer goods, and textiles. Operating a PLA production facility capable of producing 75,000 tons per year in Rayong, Thailand, the company has a presence in North America, Asia-Pacific, and Europe.

Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=88795240

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=bioplastics-biopolymers-marketgrowth-analysis-size-opportunities-top-companies-trends-key-segments-regional-analysis-and-forecast-to-2029]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/biopolymers-bioplastics-market-88795240.html



This release was published on openPR.