Dublin, Nov. 29, 2024 (GLOBE NEWSWIRE) — The “Bioplastics Market Size, Share & Trends Analysis Report by Product (Biodegradable, Non-biodegradable), Application (Packaging, Agriculture, Automotive & Transportation, Electronics, Textile), Region, and Segment Forecasts, 2025-2030” report has been added to ResearchAndMarkets.com’s offering.
The global bioplastics market size is estimated to reach USD 44.77 billion by 2030 and is anticipated to expand at a CAGR of 19.5% during the forecast period.
An increase in demand for plastic alternatives has been observed in the market, owing to the rising concerns over the use of plastics. With the rapid pace of innovation and new product development, manufacturers in the market are shifting their focus toward the development of bioplastics.
Companies are continuously developing product lines using biodegradable & non-biodegradable bioplastics and recycled materials to address the concerns regarding the toxic effects of plastic waste. Several small and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame. This is expected to drive market growth in the coming years.
In addition, bioplastics help reduce the micro plastic content in the soil and water, as their waste gradually decomposes into small pieces. Moreover, efforts have been taken by associations, such as the European Bioplastics, to clarify further the definition of bioplastics in the regulations prescribed by the government. These trends are expected to benefit the overall market growth over the forecast period.
Bioplastics Market Report Highlights
- Based on product, the biodegradable segment held the largest share, accumulating 50.02% market share in 2024. Several countries are imposing strict regulations to reduce the negative impact of plastics, which is expected to promote the market for biodegradable plastics
- Packaging dominated the application segment with revenue market share of 61.36% in 2024 and is expected to grow at a significant CAGR in the coming years. Expansion of the e-commerce industry owing to the increased convenience of shopping and the wide variety of goods offered by e-commerce platforms is expected to augment the demand for bioplastics in the packaging segment over the forecast period
- Based on region, Europe dominated the global flexible PU Foam market, accumulating 43.38% market share in 2024. The growing demand for sustainable materials rises, bioplastics offer an eco-friendly alternative, helping reduce reliance on traditional plastics and decreasing environmental impact is expected to drive the market growth over the forecast period
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
The leading players in the Bioplastics market include:
- TEIJIN
- Toray Industries
- Toyota Tsusho
- Avantium
- PTT MCC Biochem Co.
- An Phat Holdings
- NatureWorks
- SABIC
- BASF
- Futerro
- Trinseo
- Braskem
- TotalEnergies Corbion
- ECPlaza Network
- Solvay
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 145 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $15.57 Billion |
| Forecasted Market Value (USD) by 2030 | $44.77 Billion |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Snapshot 2023
2.2 Segment Snapshot (1/2)
2.3 Segment Snapshot (2/2) Sources: European Bioplastics, BPI, JBPA, Company Annual Reports, Primary Interviews, Grand View Research, Inc.
2.4 Competitive Landscape Snapshot
Chapter 3 Bioplastics Market: Variables and Trends
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Technology Framework
3.5 Impact of Circular Economy on the Bioplastics Market
3.6 Average Bioplastics Price Trend Analysis, 2018 – 2030 (USD/Kilogram)
3.7 Regulatory Framework
3.8 Market Dynamics
3.8.1 Market Driver Analysis
3.8.1.1 Growing use of renewable & bio-based products
3.8.1.2 Shift in Consumer Preferences Toward Eco-Friendly Packaging and strict government regulations
3.8.2 Market Restraint Analysis
3.8.2.1 Price competitiveness of bioplastics over conventional plastics
3.8.3 Industry Challenge Analysis
3.9 Market Business Environment Analysis
3.10 Looming Inflation Concerns and Economic Slowdown & their Impact on the Market
3.11 Supply Chain Disruption in the Red Sea
Chapter 4 Bioplastics Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share Volume, 2023 & 2030
4.2 Product Movement Analysis & Market Share Revenue, 2023 & 2030
4.3 Bioplastics Market Estimates & Forecasts, by Product (Kilotons) (USD Million)
4.3.1 Biodegradable
4.3.1.1 Biodegradable Bioplastics Market Estimates & Forecasts, 2018 – 2030 (Kilotons) (USD Million)
4.3.1.2 Polylactic Acid
4.3.1.3 Starch Blends
4.3.1.4 Polybutylene Adipate Terephthalate (PBAT)
4.3.1.5 Polybutylene Succinate (PBS)
4.3.2 Non-Biodegradable
4.3.2.1 Non-Biodegradable Bioplastics Market Estimates & Forecasts, 2018 – 2030 (Kilotons) (USD Million)
4.3.2.2 Polyethylene
4.3.2.3 Polyethylene Terephthalate
4.3.2.4 Polyamide
4.3.2.5 Polytrimethylene Terephthalate
Chapter 5 Bioplastics Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share Volume, 2023 & 2030
5.2 Application Movement Analysis & Market Share Revenue, 2023 & 2030
5.3 Bioplastics Market Estimates & Forecasts, by Application (Kilotons) (USD Million)
5.3.1 Packaging
5.3.2 Agriculture
5.3.3 Textiles
5.3.4 Automotive & Transportation
5.3.5 Electronics
Chapter 6 Bioplastics Market: Regional Estimates & Trend Analysis
6.1 Bioplastics Market: Regional Outlook
Chapter 7 Global Bioplastics Market: Competitive Landscape
7.1 Recent Developments & Their Impact Analysis, by Key Market Participants
7.2 Company Categorization
7.3 Vendor Landscape
7.4 Competitive Dynamics
7.5 Company Outlines
- TEIJIN
- Toray Industries
- Toyota Tsusho
- Avantium
- PTT MCC Biochem Co., Ltd.
- An Phat Holdings
- NatureWorks
- SABIC
- BASF
- Futerro
- Trinseo
- Braskem
- TotalEnergies Corbion
- ECPlaza Network
- Solvay
For more information about this report visit https://www.researchandmarkets.com/r/rp25ih
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