Report Highlights
The global market volume for bioplastics is estimated to increase from 2,431.9 kilotons in 2024 to reach 5,634.6 kilotons by 2029, at a compound annual growth rate (CAGR) of 18.3% from 2024 through 2029.
Report Includes
- 132 data tables and 51 additional tables
- A review of the global market for bioplastics and related technologies
- Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029
- Forecast for the global bioplastics market, and a corresponding market share analysis by material type, type, application, end-use industry and region
- Emerging technologies, and market trends in terms of opportunities and gaps in the demand for bioplastic materials
- Identification of the companies best positioned to meet this demand due to their proprietary technologies, new products and strategic alliances
- Analysis of the industry value chain, the demand-supply gap, and factors driving the growth of the market for polymer materials
- A patent analysis with emphasis on emerging technologies and new developments in the market
- A discussion of the industry’s ESG challenges and practices
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other market strategies
- Company profiles of major companies, including BASF, Arkema, LG Chem, Mitsubishi Chemical Group Corp. and LyondellBasell Industries
Report Scope
This report will include details regarding various raw material types, applications and end-use industries for bioplastics. Estimated volumes, measured in kilotons, are based on manufacturers’ total production. The report includes comprehensive information regarding the bioplastics industry and its end users.
The global bioplastics market is segmented into:
- Raw materials: Sugarcane, corn starch, cassava and others.
- Type: (Biodegradable and biobased/non-degradable.
- Application: Films, bottles and containers, interior components, exterior parts, nonwoven textiles, electronics casings and others.
- End use: Packaging, textile, consumer goods, automotive, agriculture, electronics, building and constructions, and others.
- Region: North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | 2060.9 Kilotons | ||||||||||||||||
| Market size forecast | 5634.6 Kilotons | ||||||||||||||||
| Growth rate | CAGR of 18.3% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | Kilotons | ||||||||||||||||
| Segments covered | Raw Material Type, Type, Application, End Use Industry | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, Italy, Spain, the U.K., Portugal, Sweden, Hungary, Romania, the Czech Republic, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Colombia, Paraguay, Peru | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Carbon neutrality targets lead to mounting bioplastic consumption.
- Growing end-use applications of bioplastics.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global bioplastics market volume should reach 3.3 million metric tons by 2026 from 2.2 million metric tons in 2021 at a compound annual growth rate (CAGR) of 8.3% for the forecast period of 2021 to 2026.
Report Highlights
The global bioplastics market should reach 2.7 million metric tons by 2023 from 1.6 million metric tons in 2018 at a compound annual growth rate (CAGR) of 11.7% for the period 2018-2023.
Report Highlights
The global bioplastic market totaled 1.6 million metric tons in 2015 and should total nearly 6.1 million metric tons in 2020, a compound annual growth rate (CAGR) of 30.0% for the five-year period, 2015 to 2020.
Report Highlights
The global bioplastic demand totaled 1.1 million metric tons in 2013. This is expected to reach 1.4 million metric tons in 2014 and about 6 million metric tons in 2019, a compound annual growth rate (CAGR) of 32.7% for the five-year period, 2014 to 2019.
Report Highlights
The global use of bioplastics was 0.64 million metric tons in 2010 and 0.85 million metric tons in 2011. BCC expects that the use of bioplastics will increase up to 3.7 million metric tons by 2016, a compound annual growth rate (CAGR) of 34.3%.
Report Highlights
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Bioplastics will grow at a significant pace over the next 5 years. The total worldwide use of bioplastics is valued at 571,712 metric tons in 2010. This usage is expected to grow at a 41.4% compound annual growth rate (CAGR) from 2010 through 2015, to reach 3,230,660 metric tons in 2015.
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By 2010, ready access to crops such as soybeans, corn, and sugarcane moved the United States strongly into bioplastics. North American usage is estimated at 258,180 metric tons in 2010 and is expected to increase at a 41.4% compound annual growth rate (CAGR) to reach 1,459,040 metric tons in 2015.
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Use of bioplastics got off to a faster start in Europe than in the United States. European usage is now reported at 175,320 metric tons in 2010 and is expected to increase at a 33.9% compound annual growth rate (CAGR) to reach 753,760 metric tons in 2015.
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