How big is the Bioplastics Market | Industry Size & Trends

Q: How big is the Bioplastics market?

The bioplastics market was anticipated around USD 17.9 billion in 2024 and is forecast to reach USD 54 billion by 2031.

Q: What is the growth rate of bioplastics market?

Bioplastics market is predicted to expand its landscape with a strong CAGR of 16.9% from 2025.

Q: Which companies dominate the bioplastics market?

Leading players include NatureWorks, Braskem, TotalEnergies Corbion, BASF, and Novamont.

Q: What factors are shaping the future bioplastics market size?

Government regulations, corporate sustainability targets, material performance improvements, and consumer demand for greener products.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA4853

Publication Date: Jul 2025

What is the size of the Bioplastics Market?

According to 6Wresearch internal database and industry insights, the Global Bioplastics Market was estimated at USD 17.9 billion in 2024 and is forecast to reach USD 54 billion by 2031, growing at a CAGR of 16.9% during the period 2025–2031.

Due to global plastic reduction initiatives, the need for circular material solutions, and increased demand across packaging, automotive, and consumer sectors, the bioplastics market is predicted for the phenomenal growth in the coming years.

Key Growth Factors of the Bioplastics Market

Strong policy support for biodegradable and compostable materials
Accelerated adoption by multinational brands aiming to reduce carbon impact
Development of drop-in bioplastics that mimic petroleum-based plastics
Increased investments in sustainable materials R&D
Rising demand from agriculture, textiles, automotive, and packaging industries

Bioplastics Market Trends

Bioplastics market is accelerating positively with the several trends such as the noticeable shift toward high-performance bioplastics like bio-PET and PHA that offer improved durability and biodegradability. Further, the brand owners are moving toward full packaging conversions, while waste valorisation which means using food/agricultural waste to produce bioplastics, is gaining traction. Furthermore, the recycling compatibility and end-of-life solutions are also trending themes in product development.

Emerging Developments in the Bioplastics Market

Bioplastics market is navigating emerging developments including the seaweed-based polymers, enhanced mechanical strength via nanomaterials, and enzymatic recycling processes for bioplastics. Other developments for example governments and private companies are launching joint initiatives to scale industrial composting infrastructure, improving feasibility for end-of-life bioplastic solutions. Collectively, all these emerging developments are making strong presence of market globally.