Bioplastics Market Size, Value, and Competitive Overview
[205 Pages Research Report] The global bioplastic market is valued at $11.3 billion in 2023 and is forecast to register over 11.6% growth rate over the forecast period, compounded annually between 2023 and 2030. Strong demand growth for bio-based products, drive towards environmental sustainability, adoption across end-user industries, and increasing production capacity in emerging markets are strengthening the market outlook.
The chart below details the bioplastics market size outlook from 2021 to 2030, in USD Million-
Bioplastics production capacity, 2023
According to the European Bioplastics, the production capacity of bioplastics stood at 2.4 million tonnes in 2023, with around 53% bio-based/non-biodegradable. The other 47% of production is biodegradable plastics.
In addition, in terms of the plastic production capacity of diverse products, PLA accounted for the dominant share of 20.7%, followed by 17.9 starch blends, 14.8% PE, and others.
Rapid demand growth from packaging, coating and adhesives, fibers, consumer electronics, automotive, agriculture, textiles, toys, construction, and other industries is supporting the expansion of plastic production units worldwide.
Driven by robust end-user demand and the availability of raw materials, the majority of the bioplastics production capacity is concentrated in the Asia Pacific, accounting for over 40% of global volume in 2023.
Bioplastics Market Dynamics
The bioplastics market is experiencing an unprecedented surge, revolutionizing the plastic industry with its eco-friendly and sustainable solutions. As consumer demand for environmentally responsible products continues to soar, leading manufacturers have a unique opportunity to capitalize on this booming sector. Bioplastics offer a myriad of advantages, combining the durability and versatility of traditional plastics with reduced carbon footprint and renewable sourcing. With stringent regulations and increasing public awareness, embracing bioplastics not only ensures compliance but also enables companies to enhance their brand reputation and stay ahead of the sustainability curve. By leveraging the immense growth potential of the bioplastics market, manufacturers can unlock new avenues for innovation, foster a greener future, and secure a prominent position in the evolving global market.
Bioplastics Market Trends- Rapid advancement in biodegradable and compostable materials
The development of improved polymer formulations is widely observed in the bioplastics industry. Amidst robust industry demand, companies are emphasizing developing new products with varied combinations of bio-based materials, such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based polymers, to enhance the mechanical properties, heat resistance, and barrier properties of bioplastics.
Further, the introduction of specialized additives and enzymes such as pro-degradants that accelerate the biodegradation process is widely observed. In addition, advancements in compostable materials are encouraging their increased adoption in food packaging and food service applications. Initiatives such as certification programs and labeling schemes that ensure credibility and standardization also continue to contribute to the bioplastics industry demand.
Bioplastics market share Analysis- Flexible and rigid packaging applications drive the market
The flexible packaging and rigid packaging segments held the dominant market share in revenue terms in bioplastics. In 2022, these segments together held a market share of 38% and 21% respectively in the global bioplastics market. Technological advancements in biodegradable and compostable materials encompassing improved polymer formulations, specialized additives, accelerated biodegradation processes, and the development of compostable materials meeting stringent standards support the rapid adoption in the packaging industry. Other end-user industries deploying bioplastics include- Agriculture, Consumer goods, Textile, Automotive & Transportation, Building & Construction, and others.
Introduction to Bioplastics Report
As per the report, the global Bioplastics Market is segmented into Type, Application, and Regions. The report covers detailed information on market size, Share, Growth, Value, Volume Analysis, Demand analysis, new market entry, competition insights, market drivers, challenges, opportunities, and Restraints. Further, company profile analysis, company revenue, Strategies, Sales, company acquisition, partnership, mergers, latest trends in the industry, regional and country-level insights, and competitive intelligence data is provided in the research report.
Further, the global market is geographically divided into major regions, and countries including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Further, major countries focused in the global study report: United States, Canada, United Kingdom, Spain, Germany, Italy, France, Mexico, Russia, Ukraine, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Qatar, Kingdom of Saudi Arabia, South Africa, Brazil, Argentina, and other countries are covered in the research study.
Bioplastics Market Segmentation
Type-
• Biodegradable
• Non-biodegradable
Applications-
• Packaging
• Agriculture
• Consumer goods
• Textiles
• Automotive & Transportation
• Building & Construction
• Others
Geographical Classification:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Regional Insights:
• North American market to remain the most potential segment in the global market during 2022-2030. In the North American region, the United States occupied the highest share of the market in this region, and the US country is projected to follow the same trend over the forecast time 2022-2030, followed by Canada.
• Western European countries hold the dominant share in the regional Bioplastics Market during the forecast period 2022-2030. Asia Pacific region is expected to be registered as the fastest-growing market in the global market by 2030.
• Most developing countries in the Asia Pacific remain the focus of leading Bioplastics companies, with a large portion of these companies investing in new entry and business expansion strategies
• The market in the Middle East and Africa Bioplastics is projected to show prominent growth opportunities in the coming years from 2023-2030. The rising focus from the government of the Middle East and African countries on promoting manufacturing and distribution is mostly contributing to the global market in the MEA region.
• The Latin American Bioplastics Market registered a substantial share of the global market in 2022, and it is projected to remain its presence in the market.
Bioplastics Market Competitor Analysis
Bioplastics Market Outlook 2023
1 Market Overview
1.1 Introduction to Bioplastics Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Bioplastics Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Bioplastics Market Companies with Area Served
4.2.2 Products Offerings Global Bioplastics Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Bioplastics Market Trends
6.1 Global Bioplastics Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Bioplastics Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Bioplastics Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Bioplastics Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Bioplastics Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Bioplastics Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Bioplastics Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Bioplastics Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Bioplastics Development Regional Status and Outlook
8.1 Global Bioplastics Revenue (USD Million) By Regions (2018-2022)
8.2 North America Bioplastics Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Bioplastics Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Bioplastics Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Bioplastics Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Bioplastics Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Bioplastics Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Bioplastics Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Bioplastics Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Bioplastics Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Bioplastics Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Bioplastics Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Bioplastics Revenue (USD Million) by Applications (2018-2022)
8.5 South America Bioplastics Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Bioplastics Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Bioplastics Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Bioplastics Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Bioplastics Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Bioplastics Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Bioplastics Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Bioplastics Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Bioplastics Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Bioplastics Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Bioplastics Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Bioplastics Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Bioplastics Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Bioplastics Development Regional Status and Outlook Forecast
11.1 Global Bioplastics Revenue (USD Million) By Regions (2023-2028)
11.2 North America Bioplastics Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Bioplastics Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Bioplastics Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Bioplastics Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Bioplastics Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Bioplastics Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Bioplastics Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Bioplastics Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Bioplastics Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Bioplastics Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Bioplastics Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Bioplastics Revenue (USD Million), by Applications (2023-2028)
11.5 South America Bioplastics Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Bioplastics Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Bioplastics Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Bioplastics Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Bioplastics Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Bioplastics Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Bioplastics Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Bioplastics Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Bioplastics Market Companies with Areas Served
Table 3 Products Offerings Global Bioplastics Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Bioplastics Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Bioplastics Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Bioplastics Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 11 Global Bioplastics Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Bioplastics Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Bioplastics Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Bioplastics Market Share (%) By Regions (2018-2022)
Table 16 North America Bioplastics Revenue (USD Million) By Country (2018-2022)
Table 17 North America Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 18 North America Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Bioplastics Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Bioplastics Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Bioplastics Revenue (USD Million) By Country (2018-2022)
Table 26 South America Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 27 South America Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Bioplastics Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Bioplastics Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 33 Global Bioplastics Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Bioplastics Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Bioplastics Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Bioplastics Revenue (USD)By Country (2023-2028)
Table 38 North America Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 39 North America Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Bioplastics Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Bioplastics Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Bioplastics Revenue (USD Million) By Country (2023-2028)
Table 47 South America Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 48 South America Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Bioplastics Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Bioplastics Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Bioplastics Revenue Market Share (%) By Type (2022)
Figure 5 Global Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Bioplastics Revenue Market Share (%) By Applications (2022)
Figure 7 Global Bioplastics Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Bioplastics Market Share (%) By Regions (2022)
Figure 9 North America Bioplastics Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Bioplastics Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Bioplastics Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Bioplastics Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Bioplastics Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Bioplastics Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Bioplastics Revenue Market Share (%) By Type (2028)
Figure 26 Global Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Bioplastics Revenue Market Share (%) By Applications (2028)
Figure 28 Global Bioplastics Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Bioplastics Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Bioplastics Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Bioplastics Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Bioplastics Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Bioplastics Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Bioplastics Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Bioplastics Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
Bioplastics Market Segmentation
Type-
• Biodegradable
• Non-biodegradable
Applications-
• Packaging
• Agriculture
• Consumer goods
• Textiles
• Automotive & Transportation
• Building & Construction
• Others
Geographical Classification:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific