Global Bioplastics Market Outlook 2025–2029 Growth, Trends, Key Players, and Forecasts
Bioplastics Market, detailing its robust expansion and future potential. The global market, valued at USD 2.06 trillion in 2024, is projected to grow at a CAGR of 18.3%, reaching approximately USD 5.63 trillion by 2029. In terms of volume, the market is expected to rise from 2,431.9 kilotons in 2024 to 5,634.6 kilotons by 2029.
This extensive report provides a deep dive into the industry, analyzing various raw materials, processing technologies, and end-use sectors. It includes detailed sales data for 2023, concrete estimates for 2024, and market forecasts through 2029.
Key Market Drivers
The growth of the bioplastics market is strongly supported by several dynamic factors:
- Expanding End-Use Industries: The packaging, automotive, textile, and agricultural sectors are key consumers of bioplastics. Their ongoing expansion provides significant opportunities for material innovation and application.
- Technological Advancements: Innovations in high-performance engineering plastics, bio-based agricultural films, and electronics casings are enabling wider applications of bioplastics across industries.
- Sustainable Sourcing and Manufacturing: The availability of renewable feedstocks and increasingly efficient, lower-cost production techniques are enabling new entrants—particularly small to medium enterprises—to compete in the market.
- Corporate Sustainability Goals: As environmental, social, and governance (ESG) standards become integral to global operations, many traditional plastics manufacturers are transitioning to bioplastics to reduce reliance on fossil fuels.
Report Scope and Highlights
The report delivers a broad range of insights, including:
- Sales Analysis: In-depth global market data for 2023, with projections to 2029 and analysis of the compound annual growth rate (CAGR).
- Market Segmentation: Detailed market sizing and share breakdowns by material type, application, end-use industry, and region.
- Technology Trends: Identification of cutting-edge innovations and potential technological gaps.
- Strategic Positioning: Evaluation of companies leading the bioplastics transformation due to new product development, proprietary technology, and strategic partnerships.
- Value Chain and Supply-Demand Analysis: A clear breakdown of the market structure, highlighting demand dynamics and raw material availability.
- Patent and ESG Insights: A dedicated analysis of patent filings around, including the latest developments in bio-based polymer innovation and sustainability challenges.
Company Coverage
The report offers detailed profiles of key players in the industry, covering their technological capabilities, strategic moves, and market positioning. Notable companies featured include:
- Arkema
- BASF
- Biome Bioplastics
- Cardia Bioplastics
- Danimer Scientific
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Group Corp.
- NatureWorks LLC
- Novamont S.p.A.
- Plantic
- SABIC
- Toray Industries Inc.
- TotalEnergies Corbion
- Zhejiang Hisun Biomaterials Co. Ltd.
These companies are not only driving innovations but also shaping the strategic direction of the global market through acquisitions, green initiatives, R&D investments, and partnerships.
