Bioplastics Market, By Product, By Application, By Geography, By Geography

Description

The global bioplastics market is estimated to be valued at approximately USD 10.94 Bn in 2024 and is expected to reach approximately USD 39.89 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 20.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 10.94 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	20.30%	2031 Value Projection:	US$ 39.89 Bn

Figure 1.Bioplastics Market Share (%), By Region, 2024

The global bioplastics market has been witnessing significant growth in recent years driven by the growing awareness about environmental protection. Bioplastics are plastics derived from renewable biomass sources such as vegetable fats and oils, corn starch, or microbiota and are known to have lower carbon footprint than conventional plastics. The increasing demand for eco-friendly products from end-use industries like packaging, textile, consumer good and rising government investments in bioplastics research and development are expected to propel the market expansion during the forecast period. However, high manufacturing costs and lack of awareness among consumers still limits the mass adoption of bioplastics.

Market Dynamics:

The key drivers boosting the global bioplastics market include growing environmental concerns regarding excessive plastic waste, regulations banning usage of conventional plastics and incentives by governments worldwide to promote sustainable alternatives. The opportunities lie in developing cost-effective production technologies and collaborating with FMCG giants to increase product awareness. However, high raw material and production costs compared to ordinary plastics continue to restrain the market. Also, limited performance capabilities versus petroleum-based plastics challenge widespread replacement possibilities.

Key Features of the Study:

This report provides in-depth analysis of the global bioplastics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bioplastics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Teijin Limited, Toray Industries, Inc., Toyota Tsusho Corporation, Avantium, PTT MCC Biochem Co., Ltd., An Phat Holdings, NatureWorks LLC, SABIC, BASF SE, Futerro, Trinseo S.A., Braskem, Total Corbion PLAIR, SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.), Solvay, Shenzhen Ecomann Biotechnology Co. Ltd., Biome Bioplastics, and FKuR
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global bioplastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioplastics market.

Detailed Segmentation-

By Product:
- Biodegradable
- Polylactic Acid
- Starch Blends
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Others
- Non-biodegradable
- Polyethylene
- Polyethylene Terephthalate
- Polyamide
- Polytrimethylene Terephthalate
- Others
By Application:
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Teijin Limited
- Toray Industries, Inc.
- Toyota Tsusho Corporation
- Avantium
- PTT MCC Biochem Co., Ltd.
- An Phat Holdings
- NatureWorks LLC
- SABIC
- BASF SE
- Futerro
- Trinseo S.A.
- Braskem
- Total Corbion PLAIR
- SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.)
- Solvay
- Shenzhen Ecomann Biotechnology Co. Ltd.
- Biome Bioplastics
- FKuR

Product Code: CMI4098

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Bioplastics Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Bioplastics Market
Impact Analysis

5. Global Bioplastics Market, By Product, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Biodegradable
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
Polylactic Acid
Starch Blends
Polybutylene Adipate Terephthalate (PBAT)
Polybutylene Succinate (PBS)
Others
Non-biodegradable
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Sub Segment Trends
Polyethylene
Polyethylene Terephthalate
Polyamide
Polytrimethylene Terephthalate
Others

6. Global Bioplastics Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Packaging
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Agriculture
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Consumer goods
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Textile
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive & Transportation
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Building & Construction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Bioplastics Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Product, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Teijin Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Toray Industries, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Toyota Tsusho Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Avantium
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- PTT MCC Biochem Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- An Phat Holdings
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- NatureWorks LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- SABIC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Futerro
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Trinseo S.A.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Braskem
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Total Corbion PLAIR
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.)
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Solvay
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shenzhen Ecomann Biotechnology Co. Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Biome Bioplastics
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- FKuR
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on Global Bioplastics Market" - Global forecast to 2031.