Market Overview

The Global Bioplastics Market was valued at USD 7,179.1 million in 2023 and is expected to reach USD 17,397.8 million by 2031 while growing at a CAGR of 11.7% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global bioplastics market growth. Bioplastics, derived from renewable biomass or microorganisms, differ from traditional petroleum-based plastics. Using materials like starch, sugarcane, or corn, they aim to be more environmentally friendly, reducing reliance on non-renewable resources and mitigating the environmental impact of conventional plastics.

Increasing environmental concerns and innovations in bioplastic production are propelling the growth of the bioplastics market. However, obstacles like cost considerations and limited material properties may impede market expansion.

Furthermore, the global bioplastics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Bioplastics Market is segmented among Bio-based Biodegradables, and Bio-based Non-biodegradable, based on Type. In 2023, Bio-based Biodegradables accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Bioplastics Market is segmented among Flexible Packaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, and Others, based on Application. In 2023, Flexible Packaging accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Bioplastics Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Trinseo, Arkema, BASF SE, BIOTEC, Braskem, Danimer Scientific, Rodenburg Biopolymers, Futerro, Indorama Ventures Public Company Limited, Minima, and Natureworks LLC.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Bioplastics Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Bioplastics Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Bioplastics Market Segmentation, By Type 

• Global Bioplastics Market Share Analysis, By Type 

• Global Bioplastics Market Growth Analysis, By Type 

• Global Bioplastics Market Trends, By Type 

o Bio-based Biodegradables

Ø Starch-based

Ø Polylactic Acid (PLA)

Ø Polyhydroxy Alkanoates (PHA)

Ø Polyesters (PBS, PBAT, and PCL)

Ø Other

o Bio-based Non-biodegradable

Ø Bio Polyethylene Terephthalate (PET)

Ø Bio Polyethylene

Ø Bio Polyamides

Ø Bio Polytrimethylene Terephthalate

Ø Other

6. Global Bioplastics Market Segmentation, By Application

• Global Bioplastics Market Share Analysis, By Application

• Global Bioplastics Market Growth Analysis, By Application

• Global Bioplastics Market Trends, By Application

o Flexible Packaging

o Rigid Packaging

o Automotive and Assembly Operations

o Agriculture and Horticulture

o Construction

o Textiles

o Electrical and Electronics

o Other

7. Global Bioplastics Market Segmentation, By Region

• Global Bioplastics Market Share Analysis, By Region

• Global Bioplastics Market Growth Analysis, By Region

• Global Bioplastics Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Trinseo*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Arkema 

• BASF SE

• BIOTEC

• Braskem

• Danimer Scientific

• Rodenburg Biopolymers

• Futerro

• Indorama Ventures Public Company Limited

• Minima

• Natureworks LLC

 *Similar analysis will be provided for each company listed above