Press release
Bioplastics Market: Soaring Amidst Rising Eco-Consciousness and Industry Evolution
Bioplastics Market
Spectacular growth projected for Bioplastics Market with CAGR of 17.2% by 2029, driven by environmental concerns, industry innovation, and significant market trends.
What Is The Projected Market Size Of The Global Bioplastics Market And Its Growth Rate?
• The Bioplastics market witnessed remarkable growth in recent years, ballooning from $10.84 billion in 2024 to $12.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.0%. This growth surge in the historic period is attributed to factors such as environmental concerns, evolving government regulations, rising oil prices, and changing consumer preferences for eco-friendly products, coupled with increased demand for sustainable packaging.
• The Bioplastics market continues on its upward trajectory, projected to reach $24.11 billion by 2029, growing at a CAGR of 17.2%. This growth in the forecast period can be attributed to the rising food and beverage industry, growing automotive sector, global trade agreements, and expansion in emerging markets.
What Is Driving The Growth In The Bioplastics Market?
The rising global awareness about the critical importance of bioplastics is primarily driving the market's growth. Across the globe, increased recognition of the deleterious effects of pollution caused by plastics manufacturing and disposal breaths life into the bioplastics market. These insights highlight the rising importance of sustainability among consumers, further accelerated by alarming studies such as the one by Pew Charitable Trusts and SYSTEMIQ, Ltd., predicting that if left unchecked, plastic trash flowing into the oceans could nearly triple by 2040 to 29 million metric tons, thus increasing pollution levels. This grim reality is motivating consumers towards bioplastics, which promise to drive this market toward unpreceded growth.
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Who Are the Key Players Driving Bioplastics Market Growth?
Several significant players are driving the growth in the bioplastics market, including:
• BASF SE
• Corbion NV
• Danimer Scientific Inc.
• Mitsubishi Chemical Holdings Corporation
• Novamont S.p.A.
• Eastman Chemical Company
• Futamura Group
• Neste Oyj
• NatureWorks LLC
• Polymateria Ltd
What Are The Key Trends In The Bioplastics Market?
Key trends of note in the Bioplastics market are:
• Advanced feedstock sourcing
• Bio-based materials for durable uses
• Increased industry collaboration
• Intensified focus on carbon neutrality
What Are The Segments Of The Global Bioplastics Market?
The global bioplastics market is segmented into three major categories:
1) By Type: Biodegradable, Non-Biodegradable
2) By Distribution Channel: Online, Offline
3) By Application: Rigid Packaging, Flexible Packaging, Textile, Agriculture And Horticulture, Consumer Goods, Automotive, Electronics, Building And Construction, Other Applications
Which Region Leads The Bioplastics Market?
Asia-Pacific dominated the bioplastics market in 2024 and is forecasted to be the fastest-growing region in the subsequent years. The growth in this region is buoyed by expanding economies, fostering significant growth in markets such as food and beverage, automotive, and durable goods.
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What Is Covered In The Bioplastics Market Global Market Report?
- Market Size Analysis: Analyze the Bioplastics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bioplastics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bioplastics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bioplastics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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