This high growth is driven mainly by the growth of the global packaging end-use industry. Apart from packaging, bioplastics & biopolymers are used in various end-use industries such as automotive & transportation, agriculture & horticulture, consumer goods, and textile, among others.

The global bioplastics & biopolymers market accounted for US$ 11.6 billion in 2022 and is estimated to be 49.3 billion by 2032 and is anticipated to register a CAGR of 15.6%. The report. 

"Global Bioplastics & Biopolymers Market, By Type (Non-Biodegradable (Bio-PET, Bio-PE, and Others) and Biodegradable (PLA, PHA, Starch Blends, Biodegradable Polyster, and Others)), By End-user Industry (Packaging, Consumer Goods, Automotive & Transportation, Agriculture, Textile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

• In May 2017, NatureWorks and partnered with showcase Ingeo bioplastic breakthroughs in film and rigid packaging at interpack. This lead to performance enhancements in rigid and flexible packaging including higher heat resistance, greater barrier properties, source reduction, improved strength, new and varied films, and more
• ecovio®, a qualified compostable and partially bio-based plastic, plays a vital role in the management of organic waste in the Indian city of Kalyani. Since 2018, a starting ventures pilot project has been working here that focuses to expand organic waste source separation, reduce new plastic waste and eventually produce high-value compost for agricultural use.  In August 2019, Purelogic Labs India launched India’s first Bioplastics & Biopolymers particularly for children.

Analyst View:

Growing packaging end-use industry leads to an increasing demand for bioplastics & biopolymers

Bioplastics and particularly biodegradable bioplastics, have growing demand to substitute conventional plastics in order to address environmental concerns. Bioplastics use is growing in applications such as bottles, clamshell cartons, films, mulch films, carrier bags, waste collection bags, and food service-ware. Packaging is one of the end-use industries that lead the bioplastics & biopolymers market.

Governments focus on green procurement policies and rules to increase the demand for bioplastics & biopolymers

Increasing need to decrease the dependency on conventional fossil fuels is driving the demand for bio-based products. This is also attributed due to new regulations and policies implemented and undertaken by the government bodies across the globe. These rules and regulations involves banning or implementing additional surcharges on the utilization of conventional plastics in applications, such as packaging materials, shopping bags, and disposables. Further, growing regulations and prohibitions against plastic bags and other plastic items are boosting the market for bioplastics & biopolymers across the globe.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Bioplastics & Biopolymers Market”, By Type (Non-Biodegradable (Bio-PET, Bio-PE, and Others) and Biodegradable (PLA, PHA, Starch Blends, Biodegradable Polyster, and Others)), By End-user Industry (Packaging, Consumer Goods, Automotive & Transportation, Agriculture, Textile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:        

The global bioplastics & biopolymers market accounted for US$ 11.6 billion in 2022 and is estimated to be 49.3 billion by 2032 and is anticipated to register a CAGR of 15.6%. The market report has been segmented on the basis of type, end-user industry, and region.

• By type, the non-biodegradable segment is accounted to grow at a substantial rate in the global market. In the non-biodegradable segment, the bio-PET is extensively used polymer due to its high durability. Growing demand for flexible films and bio-based bottles in the beverage sector is projected to boost the growth of the segment. Increasing adoption of bio-PET bottles for packaging of carbonated soft drinks is accounted to drive the growth of the segment over the forecast period.
• By end-user industry, the packaging segment lead the bioplastics & biopolymers market. Growing demand for bioplastics and biopolymers in the food & beverage industry is expected to boost the growth of the segment. Increasing demand for bio-based material for packaging of organic food products is anticipated to boost the growth of the segment.
• By region, Europe bioplastics & biopolymers market is accounted to lead significant share in the bioplastics & biopolymers market over the forecast period, owing to growing demand for bioplastics in the packaging industry. Increasing demand for plastics in agricultural applications in countries such as UK, Germany, Italy, France, and Russia is anticipated to boost the growth of the global market.

Competitive Landscape:

The prominent player operating in the global bioplastics & biopolymers market includes NatureWorks LLC, BASF SE, Braskem S.A., Total Corbion PLA, Arkema S.A., Eastman Chemical Company, Mitsubishi Chemical Corporation, Biome Bioplastics Limited, Novamont S.p.A., and Plantic Technologies Limited.

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