PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1838150
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1838150
The bioplastics & biopolymers market is expected to reach USD 45.04 billion by 2030, up from USD 17.58 billion in 2025, growing at a CAGR of 20.07% during the forecast period. This market is driven by increasing environmental concerns, strict government regulations on single-use plastics, and rising consumer demand for sustainable options.
Scope of the Report | |
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Years Considered for the Study | 2022-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) Volume (Kiloton) |
Segments | Product Type, Raw Material, End-Use Industry, and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
The availability of renewable raw materials, such as sugarcane, corn, and cassava, combined with technological advances that improve product performance, is further boosting adoption across packaging, agriculture, automotive, and consumer goods. However, growth faces challenges like higher production costs compared to traditional plastics, limited large-scale infrastructure for composting and recycling, and competition with food crops for raw materials.
"Cassava is the fastest-growing segment in the bioplastics & biopolymers market during the forecast period."
Cassava is rapidly becoming the fastest-growing raw material in the bioplastics & biopolymers market due to its high starch content, widespread availability in tropical regions, and relatively low cultivation costs. It serves as an efficient feedstock for producing biodegradable plastics, making it an attractive alternative to petroleum-based materials. Countries like Thailand and Indonesia are leading production, supported by government initiatives and increasing demand for eco-friendly packaging solutions. With the global focus on sustainable raw materials rising, cassava-based bioplastics are gaining popularity as a scalable and cost-effective option.
"The biodegradable plastics segment is the largest in the bioplastics & biopolymers market during the forecast period."
Biodegradable plastics are a type of plastics designed to break down naturally into water, carbon dioxide, and biomass through the activity of microorganisms, making them much less harmful to the environment compared to traditional plastics. They are frequently made from renewable resources such as starch, sugarcane, cassava, or other plant-based materials, though some biodegradable plastics can also be produced from petrochemicals with biodegradable additives. Major types include PLA (polylactic acid), PHA (polyhydroxyalkanoates), starch blends, and PBS (polybutylene succinate), each providing distinct performance benefits. Biodegradable plastics are increasingly used in packaging, agricultural films, disposable cutlery, consumer products, and even medical applications-thanks to their combination of functionality and sustainability. Market expansion is driven by stricter government bans on single-use plastics, strong corporate sustainability commitments, and growing consumer demand for eco-friendly products.
"The Asia Pacific market is projected to be the largest market for bioplastics & biopolymers during the forecast period."
The Asia Pacific region holds a leading position in the bioplastics & biopolymers market due to a mix of strategic, economic, and environmental factors. Rapid industrialization and urban growth in countries like China, India, and Japan have increased the demand for sustainable alternatives to traditional plastics. Additionally, the region benefits from abundant raw materials such as starch, sugarcane, and cellulose, which are vital for producing bioplastics. Strong government initiatives and policies supporting environmental sustainability, along with significant investments in research and development, have further sped up market growth. Furthermore, the presence of major manufacturers and suppliers in the region gives a competitive advantage, allowing for cost-effective production and distribution. Growing consumer awareness about environmental pollution and the rising adoption of eco-friendly packaging solutions have also helped Asia-Pacific maintain its leading role in the global bioplastics and biopolymer market.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments, and the information was gathered through secondary research.
NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Versalis S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan) are some of the key players in the bioplastics & biopolymers market.
The study includes an in-depth competitive analysis of these key players in the authentication and brand
market protection, with their company profiles, recent developments, and key market strategies.
Research Coverage
The market study examines the bioplastics & biopolymers market across various segments. It aims to estimate the market size and growth potential in different areas based on product type, raw material type, end-use industry, and region. The study also includes a detailed competitive analysis of key market players, their company profiles, observations related to their products and business offerings, recent developments they have undertaken, and the key growth strategies they have adopted to strengthen their position in the bioplastics & biopolymers market.
Key Benefits of Buying the Report
The report is expected to help market leaders and new entrants identify the closest revenue estimates for the overall bioplastics & biopolymers market, including its segments and sub-segments. It aims to assist stakeholders in understanding the competitive landscape, gaining insights to strengthen their businesses, and developing effective go-to-market strategies. Additionally, the report provides stakeholders with a pulse on the market, offering information on key drivers, restraints, challenges, and opportunities.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the bioplastics & biopolymers market