Global Bioplastics Market 2025 – 2034

Reports Description

As per the current market research conducted by the CMI Team, the global bioplastics market is expected to record a CAGR of 19.6% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 16.7 billion. By 2034, the valuation is anticipated to reach USD 89.2 billion.

Bioplastics Market Overview

Bioplastic is a plastic that is developed from renewable biomass sources. Firstly, they are derived from natural materials such as shellac or cellulose. Since the late nineteenth century, they have been gradually replaced by fossil-fuel polymers made from petroleum or natural gas.

Bioplastics are regaining popularity in the context of the bioeconomy and circular economy. Conventional petro-based polymers are increasingly being combined with bioplastics to produce “bio-attributed” or “mass-balanced” plastic goods, making it difficult to distinguish between bioplastics and other plastics.

The bioplastics market is influenced by several factors, such as rising demand for sustainable packaging, stringent government regulation, consumer awareness and preference for eco-friendly material, and advancements in bioplastics technology, among others. However, the high production cost is one of the major obstacles that hamper the industry’s growth.

• As per the European Bioplastics e.V., bioplastics currently represent roughly half a percent of the almost 414 million tons* of plastics produced annually.

Bioplastics Market Growth Factors

Rising Environmental Concerns

The growing environmental concerns are a major force driving the bioplastics industry over the analysis period. The stringent government regulations across the globe to reduce landfilling, such as the United States’ 2030 Food Loss and Waste Reduction Goal, are increasing demand for bio-based or compostable bags used to collect food leftovers and other organic waste.

Similarly, the global implementation of a single-use plastic ban, as well as the Indian government’s ambitious biomanufacturing effort, are aiding bioplastics production.

In addition, eight states, including California, Connecticut, Delaware, Hawaii, Maine, New Jersey, New York, Oregon, Vermont, and Washington, had some type of statewide ban on single-use plastic bags by 2023, while prohibitions in Colorado and Rhode Island entered into force on January 1, 2024. Such activities are further increasing the bioplastics market share.

Increasing Collaboration To Launch An Innovative Product

The increasing collaboration among technology agencies and universities drives market growth. For instance, in September 2024, CSIRO, Australia’s national science agency, and Murdoch University inaugurated The Bioplastics Innovation Hub, an $8 million cooperation that will collaborate with industry partners to create a new generation of 100% compostable plastic. The Bioplastics Innovation Hub intends to transform plastic packaging by creating biologically produced plastic that degrades in compost, soil, or water. The Hub’s goal is to bring together professionals in microbiology, molecular genetics, synthetic biology, biochemical engineering, advanced manufacturing, and circular economy to translate advances in bioplastics research into real-world applications.

Bioplastics Market Challenge

High cost as compared to conventional ones

The primary obstacle to market expansion is the high cost of bioplastics as compared to conventional ones, even though they are becoming increasingly popular on a global basis. Since traditional plastics are very cheap, bioplastics are now finding it difficult to offer competitive prices.

In addition to being expensive, a lack of infrastructure for garbage collection and recycling complicates matters. People are increasingly willing to pay for the usage of bioplastics due to their value-added benefits and environmental friendliness, even though their production costs are high.

In addition, increased population and growing concerns about food shortages are expected to have an impact on the supply of raw materials for bioplastics in the coming years.

Bioplastics Market Segmentation Analysis

By Type:

The biodegradable plastic segment is expected to dominate the market. Increasing demand for bio-based plastics across a variety of end-use sectors is expected to drive segment expansion over the forecast period. The rise in demand for biodegradable plastics can be ascribed to the increased demand for personal protective equipment (PPE) and the preference for packaged food following the epidemic.

Besides, the non-biodegradable plastic segment is growing at a rapid rate. Non-biodegradable bioplastics are widely employed in a variety of applications, including vehicle interiors, bottles, food packaging, shopping bags, films, carry bags, consumer goods, disposables, and electronics.

By Application:

The flexible packaging segment is expected to dominate the market. Bioplastic material innovations are increasing their suitability for flexible packaging solutions. Furthermore, an increasing need for eco-friendly products encourages producers to use bioplastic materials.

Besides, the agriculture & horticulture segment is growing at a rapid rate. The segment expansion is attributed to the growing agriculture & horticulture sector and increasingly stringent regulation to oppose conventional plastics as they create pollution, such as in the soil, air, and water.

Report Scope

Bioplastics Market Regional Analysis

Europe is projected to dominate the bioplastics market. The geographical expansion is attributed to the growing circular economy initiatives. According to the European Environment Agency, with a circularity rate of 11.8% in 2023, Europe consumes more recycled materials than other parts of the world, though recent progress has been modest. Policymakers have prioritized accelerating the transition to a circular economy.

However, the Asia Pacific is growing at a significant pace in the global bioplastics industry. The growing urbanization and increasing consumer awareness of plastic pollution are expected to drive the regional industry expansion.

Bioplastics Market Recent Development

The bioplastics industry adopted several strategies, which include product launches, acquisitions, collaboration, expansion, and others. Some of the company strategies include:

• In February 2024, TotalEnergies Corbion collaborates with Bluepha to create sustainable fibers using Luminy® PLA and Bluepha® PHA. As a result of the strategic agreement established back in May 2023, the partnership between the two companies aims to advance the applications and development of polylactic acid (PLA) and polyhydroxyalkanoates (PHA) products in the Chinese market.

• In June 2024, Floreon, a company specializing in bioplastics, secured USD 328.3 million in funding to scale up its bioplastics technology. This investment will help Floreon expand its production capabilities and enhance its product offerings in the sustainable materials market. The funding is expected to accelerate the development and commercialization of its innovative bioplastic solutions, helping the company fulfil the growing demand for environmentally friendly alternatives to traditional plastics.

The increasing investment and rising collaboration among the key players are the strategies that have expanded the market presence of the company in the bioplastics industry and gained its competitive edge.

List of the prominent players in the Bioplastics Market:

• BASF SE
• Biome Technologies Plc.
• CJ CheilJedang Corp.
• Corbion N.V.
• Danimer Scientific
• Dow Inc.
• Eastman Chemical Company
• LG Chem
• Kuraray Co. Ltd.
• Mitsubishi Chemical Holdings
• Novamont S.P.A
• SKC
• Others

The Bioplastics Market is segmented as follows:

By Type

• Biodegradable Plastic
• Non-biodegradable Plastic

By Application

• Flexible Packaging
• Rigid Packaging
• Textiles
• Coating & Adhesives
• Agriculture & Horticulture
• Consumer Goods
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America