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Major Growth Driver Identified in 2025 Bioplastics Market: Growing Environmental Awareness Fuels Bioplastics Market Demand
Bioplastics Market
Bioplastics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the size of the bioplastics market has seen a swift expansion. An increase from $10.84 billion in 2024 to $12.79 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 18.0%. The upward trajectory in the historic period can be traced back to environmental concerns, government policies, a surge in oil prices, shifts in consumer preference towards environmentally-friendly products, and a heightened demand for sustainable packaging.
Bioplastics Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience rapid expansion in the coming years, the bioplastics market size is projected to reach a value of $24.11 billion by the year 2029, with a compound annual growth rate (CAGR) of 17.2%. The growth during the forecast period can be attributed to several factors, including the escalating food and beverage industry, burgeoning automotive sector, worldwide trade agreements, along with the expansion in emerging markets. Some of the major trends observed during this forecast period feature advanced feedstock sourcing, use of bio-based materials in durables, industry-level cooperation, and a shift towards carbon neutrality.
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What Are the Drivers Transforming the Bioplastics Market?
The expected progression of the bioplastics market is largely driven by the escalating consciousness of its significance. The harmful impacts of pollution caused by the production and disposal of traditional plastics have precipitated an upswing in global awareness. Pew Charitable Trusts and SYSTEMIQ, Ltd.'s study predicts that the annual plastic waste entering the oceans could almost triple by 2040 to 29 million metric tons if not controlled. This significant ecological issue emphasizes the importance of sustainability for consumers. For example, an Ipsos Global Survey on Attitudes towards Single Use Plastics conducted in 2022 indicated that 83% of urban Indians, equating to at least 8 out of 10, sought a total ban on single use plastics (SUP). Consequently, this heightened awareness is likely to steer consumers towards bioplastics, propelling the growth of the bioplastics market.
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What Long-Term Trends Will Define the Future of the Bioplastics Market?
Market entities are directing their focus towards ramping up investment in eco-friendly bioplastics. These bioplastics are produced from resources that are both biodegradable and renewable, like proteins, starch, and polylactic acid (PLA). There has been a surge in the number of products on offer and suppliers over the recent years, resulting in increased usage of bioplastics in global commercial markets. Citing an instance from January 2022, Vikas Ecotech Limited revealed plans of investing in the eco-friendly BioPlastics (PHA) technology, and are set for the next round of finalizing a Technology Collaboration/Joint Venture with Aurapha Private Ltd. (the 'AuraPHA') for the manufacture of Biodegradable Plastics.
Which Segments in the Bioplastics Market Offer the Most Profit Potential?
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
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Which Firms Dominate the Bioplastics Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Bioplastics Market?
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.
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