What is the size of the Bioplastic Market?
According to 6Wresearch internal database and industry insights, the Global Bioplastic Market was exhibited at USD 17.5 billion in 2024 and is projected to reach USD 52 billion by 2031, growing at a CAGR of 16.5% during the forecast period 2025–2031.
Due to rising global sustainability goals, increasing bans on traditional plastics, and strong demand from packaging and consumer goods industries, the market is predicted for the exceptional growth in the forthcoming years.
Key Growth Factors of the Bioplastic Market
- Government regulations favouring the biodegradable and compostable materials
- Rising consumer awareness and corporate ESG commitments
- Growth in sustainable packaging for food, beverages, and e-commerce
- Technological innovation in bio-based polymers and processing techniques
- Expansion of bioplastic usage across agriculture, textiles, and electronics
Bioplastic Market Trends
The bioplastic market is moving forward with the numbers of trends such as rising demand for bio-based alternatives to conventional plastics across industries. Over the years, the adoption of bioplastics is rising to meet the sustainability targets. Further, the compostable films, plant-based PET, and PHA are gaining traction, while circular economy initiatives are accelerating investment in recycling infrastructure and closed-loop production systems.
Emerging Developments in the Bioplastic Market
Bioplastic market is developing with the advancements in marine-degradable plastics, production of drop-in bioplastics which has he identical properties to petro-based plastics. Alongside, the use of agricultural waste as a raw material is also in demand. Now, the global companies are scaling up production capacities and investing in hybrid materials that combine performance with biodegradability.
Major Companies in the Bioplastic Market
- NatureWorks LLC
- BASF SE
- Novamont S.p.A.
- TotalEnergies Corbion
- Mitsubishi Chemical Group
- Braskem
- Danimer Scientific
- Biome Bioplastics
- FKuR Kunststoff GmbH
- Green Dot Bioplastics
How big is the Bioplastic market : FAQs
The market was exhibited at USD 17.5 billion in 2024 and is projected to reach USD 52 billion by 2031.
Europe leads due to strong environmental policies and Asia-Pacific shows rapid growth in production capacity.
Policy mandates, eco-conscious consumers, technological progress, and adoption by major industries are shaping the market size.
Yes, due to increasing global environmental regulations and industrial shift toward sustainable alternatives.
The Bioplastic market is expected to expand its landscape at a CAGR of 16.5% from 2025 to 2031.
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