Growing Environmental Awareness Fuels Bioplastics Market Demand: Key Factor Driving The Growth In The Bioplastics Market

The Bioplastics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Bioplastics Market Size During the Forecast Period?
The bioplastics industry has seen swift expansion over the past few years, its market size is predicted to rise from $10.84 billion in 2024 to $12.79 billion by 2025, denoting a compound annual growth rate (CAGR) of 18.0%. Factors contributing to this growth during the historic period include increased environmental awareness, governmental policies, surge in oil costs, a shift in consumer taste towards environment-friendly products, and a rise in the demand for sustainable packaging.

Anticipated to witness fast-paced expansion in the coming years, the bioplastics market is projected to escalate to a market size of $24.11 billion in 2029, growing at a compound annual growth rate (CAGR) of 17.2%. This surge in the forecast period can be associated with factors like the burgeoning food and beverage sector, expansion of the automotive industry, worldwide trade treaties and growth in emerging markets. Key tendencies during this predictive period encompass sophisticated feedstock sourcing, adoption of bio-based materials for long-lasting goods, collaboration across the industry, and an emphasis on carbon neutrality.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6805

What Are the High-Growth Segments in the Bioplastics Market?
The bioplastics market covered in this report is segmented -

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

Subsegments:
1) By Biodegradable: Starch-Based Bioplastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Cellulose-Based Bioplastics
2) By Non-Biodegradable: Bio-Based Polyethylene (Bio-PE), Bio-Based Polyethylene Terephthalate (Bio-PET), Bio-Based Polypropylene (Bio-PP), Bio-Based Nylon

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6805&type=smp

What Key Drivers Are Expected to Influence Future Bioplastics Market Growth?
The growing understanding of bioplastics' significance is anticipated to propel the market in the future. There has been a worldwide rise in consciousness about the harmful effects of pollution from plastic production and disposal. Pew Charitable Trusts and SYSTEMIQ, Ltd. revealed in their study that the quantity of plastic waste entering the seas annually could nearly triple to 29 million metric tons by 2040 if not regulated. This amplifies pollution levels, emphasizing the necessity for consumers to prioritize sustainability. As an illustration, a 2022 Ipsos Global Survey on Attitudes towards Single Use Plastics indicated that 83% of urban Indians, which is at least 8 out of 10, would prefer a full prohibition on single use plastics (SUP). As a result, heightened awareness will sway customers in favor of bioplastics, thereby boosting the bioplastics market.

Which Companies Hold the Largest Share Across Different Bioplastics Market Segments?
Major companies operating in the bioplastics market include 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, TIPA Corp Ltd, Biome Bioplastics Limited, Braskem S.A., Indorama Ventures Public Company Limited, Teijin Limited, Toray Industries Inc., Toyota Tsusho Corporation, PTT MCC Biochem Co Ltd., An Phat Holdings Joint Stock Company, Saudi Basic Industries Corporation, Futerro SA, Trinseo S.A., Solvay SA, Trifilon AB, Biofase S.A. de C.V., Bioapply Polymers S.L., LyondellBasell Industries N.V., Avantium N.V., LCY Biosciences Inc., Kaneka Takasago Ltd.

What Trends Are Driving Growth in The Bioplastics Market?
The focus of enterprises in the market is on amplifying their capital inputs towards environmentally-sustainable bioplastics. Bioplastics are formulated from perishable and renewable materials, including proteins, starch, and polylactic acid (PLA). The spectrum of accessible products and suppliers has grown in recent years, causing the uptake of bioplastics in global commercial markets to rise. For instance, in January 2022, Vikas Ecotech Limited is seeking to invest in environment-friendly BioPlastics (PHA) technology. The company is also in the late stages of firming up a Technology Tie-Up/Joint Venture with Aurapha Private Ltd. (also known as 'AuraPHA') to manufacture Biodegradable Plastics.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/bioplastics-global-market-report

What Are the Emerging Geographies for The Bioplastics Market Growth?
Asia-Pacific was the largest region in the bioplastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioplastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bioplastics Market?
2. What is the CAGR expected in the Bioplastics Market?
3. What Are the Key Innovations Transforming the Bioplastics Industry?
4. Which Region Is Leading the Bioplastics Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.