Press release
Global Bioplastics Market 2025-2033: Analysis by Product (Biodegradable & Non-Biodegradable), Application (Demand in Flexible Packaging ), Distribution & Region
Study Assumption Years
Base Year: 2024
Historical Years: 2019-2024
Forecast Period: 2025-2033
Bioplastics Market Key Takeaways
Current Market Size: USD 13.9 Billion in 2024
CAGR: 10.18% during 2025-2033
Forecast Period: 2025-2033
The market is primarily driven by growing environmental sustainability awareness and increasing regulatory support.
The development of new bioplastic materials with improved durability and heat resistance is expanding applications across healthcare, agriculture, textiles, and 3D printing.
Europe holds the largest market share due to its regulatory framework, consumer awareness, and technological innovations.
Biodegradable bioplastics currently dominate the market, supported by government bans on single-use non-biodegradable plastics.
Flexible packaging accounts for the majority market share among applications, propelled by sustainability imperatives and consumer behavior.
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Market Growth Factors
The growing awareness of environmental sustainability and regulatory backing are primary growth drivers. Governments worldwide are implementing bans and restrictions on non-biodegradable single-use plastics, promoting their adoption. For example, the European Union plans to ban single-use plastics by 2030, contributing significantly to market expansion. The rising demand for eco-friendly products and increased awareness about climate change and plastic pollution also support growth.
Technological advancements are fostering continuous innovation in bioplastics. Advances in polymer science and manufacturing processes have produced bioplastics comparable in durability and cost to petroleum-based plastics. Collaborations among key players enhance technology adoption. For example, Sulzer Ltd. signed in March 2024 to supply cutting-edge PLA technology for India's first bioplastics plant producing 75,000 tons annually using sugarcane feedstock. Companies like PlantSwitch convert large volumes of agricultural waste into bioplastic pellets, further catalyzing revenue.
The food and beverage industry has become a significant application area for bioplastics. Flexible bioplastics made from cornstarch are used increasingly in packaging due to growing consumer demand for ready-to-cook food products amid hectic lifestyles. The ready-to-eat meals market revenue is expected to double by 2025 from USD 1.02 Billion in 2024. Germany's expanding food and beverage sector also drives the demand for both flexible and rigid bioplastic packaging.
Market Segmentation
Product:
Biodegradable: Includes polylactic acid, starch blends, polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), and others. Biodegradable bioplastics occupy the largest market share, benefiting from global sustainability mandates and bans on traditional plastics.
Non-Biodegradable: Includes polyethylene, polyethylene terephthalate, polyamide, polytrimethylene terephthalate, and others.
Application:
Flexible Packaging: Accounts for the majority market share due to biodegradability, wide usage in films for foods, medicines, and beverage bottles, and growing investments by market players.
Rigid Packaging
Agriculture and Horticulture
Consumer Goods
Textile
Automotive and Transportation
Others
Distribution Channel:
Online: Growth driven by rising e-commerce trends demanding sustainable packaging materials.
Offline: Continues to be significant in retail and food services, supported by government bans on single-use plastics.
Region:
North America: United States, Canada
Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
Latin America: Brazil, Mexico, Others
Middle East and Africa
Regional Insights
Europe exhibits clear dominance in the bioplastics market, capturing the largest market share due to strong regulatory support, consumer awareness, and innovation. The European Union's environmental legislation aims to reduce plastic waste robustly. Italy's packaging industry, one of the largest worldwide with nearly 7,000 companies, contributes significantly. Notable investments by companies like BASF Venture Capital GmbH in Sea6 Energy Pvt. Ltd., focusing on red seaweed-based bioplastics and biofuels, further strengthen the market.
Recent Developments & News
April 2024: Gaia Biomaterials, a Swedish bioplastics manufacturer, completed a USD 5 Million rights issue backed by the Swedish state-owned Almi Invest Greentech and private investors to expand in the US, India, and other markets.
April 2024: TotalEnergies Corbion showcased Luminy PLA bioplastics at Chinaplas 2024 in Shanghai, demonstrating up to 75% reduced carbon emissions compared to conventional plastics.
March 2024: Sulzer Ltd. agreed to supply PLA production technology to Balrampur Chini Mills Limited for India's first bioplastics plant producing 75,000 tons/year using sugarcane.
Key Players
Arkema
BASF SE
BioApply
Biome Bioplastics
Braskem
Danimer Scientific
Eastman Chemical Company
FKuR Kunststoff GmbH
Kuraray Co., Ltd
NatureWorks LLC.
Novamont S.p.A
PTT Global Chemical Public Company Limited
TotalEnergies Corbion
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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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