Market Forecast By Type (Biodegradable Plastic, Non-biodegradable Plastic), By Application (Packaging, Agriculture, Consumer Durables, Textile, Others) And Competitive Landscape
Product Code: ETC315095 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 2 |
Report Name | Australia Bioplastics Market |
Forecast period | 2025-2031 |
CAGR | 7.6% |
Growing Sector | Automotive |
The Australia Bioplastics Market report thoroughly covers by type and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The use of bioplastics and biopolymers in Australia has been steadily growing in recent years, with increasing awareness and concern over the environmental impact of traditional plastic materials. These sustainable, plant-based alternatives are gaining popularity as consumers and industries alike look for ways to reduce their carbon footprint. The bioplastics and biopolymers market in Australia is expected to continue its upward trend, driven by government initiatives, consumer demand, and technological advancements. The market is also going through certain challenges that can hamper its growth to a certain extent soon.
According to 6Wresearch, the Australia Bioplastics Market size is expected to grow at a CAGR of 7.6% during the forecast period 2025-2031. Australia Bioplastics Market is expected to grow significantly due to the increasing demand and adoption of eco-friendly materials in various industries such as packaging, agriculture, automotive, and consumer goods. With growing concerns about plastic pollution and environmental degradation, there is a rising demand for sustainable alternatives like bioplastics and biopolymers. Government regulations aimed at reducing plastic waste and promoting sustainable practices will likely drive the adoption of bioplastics and biopolymers in Australia. This could include bans on single-use plastics, incentives for using eco-friendly materials, and investments in waste management infrastructure. Changing consumer preferences towards eco-friendly products are also expected to fuel the demand for bioplastics and biopolymers. Additionally, as consumers become more aware of environmental issues, they are likely to choose products and packaging made from sustainable materials. Ongoing advancements in bioplastic technologies, including developing new materials with improved properties and reduced production costs, will contribute to market growth. Collaboration between industry players, research institutions, and government agencies, along with investments in research and development, will drive innovation and expansion in the bioplastics and biopolymers market.
Despite the challenges, several companies in Australia have made significant strides in the bioplastics and biopolymers industry. These include: Plantic Technologies is a global leader in the development and commercialization of bioplastics, particularly for packaging applications. Cardia Bioplastics specializes in the development and manufacturing of compostable and sustainable resins and finished products. SECOS Group is a leading provider of compostable resins and films, as well as sustainable packaging solutions. The company offers a range of biopolymer products derived from renewable resources such as corn starch and sugarcane. Biogone manufactures biodegradable and compostable plastic products for various industries, including packaging, food service, and agriculture. The company's products are designed to break down naturally in composting environments, reducing environmental impact. BioPak is a supplier of sustainable packaging solutions, including compostable and biodegradable packaging made from renewable materials. Ecoflex Australia specializes in the distribution of eco-friendly packaging solutions, including biodegradable and compostable packaging materials.
The Australia government has been actively promoting the use of bioplastics and biopolymers through various regulations and policies. These regulations are aimed at promoting sustainability, reducing plastic waste, and encouraging the adoption of eco-friendly alternatives. Some of the key government regulations and initiatives impacting the bioplastics and biopolymers market in Australia include: Several states and territories in Australia have implemented bans or restrictions on single-use plastic bags. For example, South Australia, and Tasmania. The Australia Packaging Covenant Organization (APCO) works with governments, industry, and other stakeholders to develop and implement sustainable packaging initiatives. Further, the National Packaging Targets aim to achieve sustainable packaging outcomes, including making all packaging reusable, and recyclable. The Australian government has established product stewardship schemes for various products, including packaging and plastics. These schemes encourage producers, retailers, and consumers to take responsibility for managing the environmental impacts of products throughout their lifecycle. Governments at both the federal and state levels have developed strategies to address plastic pollution and marine debris Government agencies provide support and funding for research, development, and commercialization of bioplastics and biopolymers. For example, the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC) invest in projects that promote renewable energy and resource efficiency, including bio-based materials.
The growing global movement towards sustainable practices, the future looks bright for the bioplastics and biopolymers market in Australia. More companies are expected to enter the market, leading to increased competition and potentially driving down production costs. The development of new technologies is also expected to improve the properties and functionalities of these materials, making them even more appealing to consumers and industries. Some potential trends and developments that could shape the bioplastics and biopolymers market in Australia: The bioplastics and biopolymers market in Australia is likely to continue its growth trajectory driven by increasing environmental concerns, government regulations promoting sustainable practices, and consumer demand for eco-friendly products. Ongoing research and development efforts will lead to the introduction of new and improved bioplastic materials with enhanced properties and reduced production costs. Moreover, bioplastics and biopolymers will find applications beyond traditional sectors such as packaging and agriculture. There will be increased utilization in industries such as automotive, electronics, textiles, and construction as technology advancements make bioplastics more versatile and cost-effective. The concept of a circular economy, where resources are kept in use for as long as possible and waste is minimized, will drive the adoption of bioplastics and biopolymers. Collaboration between industry players, research institutions, government agencies, and non-governmental organizations will accelerate innovation and market growth.
Additionally, as more governments around the world implement regulations to reduce plastic waste and promote eco-friendly materials, the demand for bioplastics and biopolymers is expected to increase, providing further growth opportunities for the market in Australia. Overall, it can be said that the future of bioplastics and biopolymers in Australia looks promising, with the potential for significant growth and impact on the environment. Therefore, businesses and individuals need to continue supporting and investing in these sustainable alternatives to traditional plastic materials.
According to Ravi Bhandari, Research Head, 6Wresearch, in the bioplastics and biopolymers market in Australia, the segment that is growing significantly is the biodegradable segment. This growth can be attributed to increasing environmental concerns, government regulations promoting sustainability, and consumer demand for eco-friendly alternatives to conventional plastics.
The packaging segment is one of the fastest-growing segments in the bioplastics and biopolymers market in Australia. Increasing awareness about plastic pollution and environmental sustainability has led to a growing demand for eco-friendly packaging solutions.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Bioplastics Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Bioplastics Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Bioplastics Market - Industry Life Cycle |
3.4 Australia Bioplastics Market - Porter's Five Forces |
3.5 Australia Bioplastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Bioplastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Bioplastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Bioplastics Market Trends |
6 Australia Bioplastics Market, By Types |
6.1 Australia Bioplastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Bioplastics Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Australia Bioplastics Market Revenues & Volume, By Biodegradable Plastic, 2021-2031F |
6.1.4 Australia Bioplastics Market Revenues & Volume, By Non-biodegradable Plastic, 2021-2031F |
6.2 Australia Bioplastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Bioplastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Australia Bioplastics Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.4 Australia Bioplastics Market Revenues & Volume, By Consumer Durables, 2021-2031F |
6.2.5 Australia Bioplastics Market Revenues & Volume, By Textile, 2021-2031F |
6.2.6 Australia Bioplastics Market Revenues & Volume, By Others, 2021-2031F |
7 Australia Bioplastics Market Import-Export Trade Statistics |
7.1 Australia Bioplastics Market Export to Major Countries |
7.2 Australia Bioplastics Market Imports from Major Countries |
8 Australia Bioplastics Market Key Performance Indicators |
9 Australia Bioplastics Market - Opportunity Assessment |
9.1 Australia Bioplastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Bioplastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Bioplastics Market - Competitive Landscape |
10.1 Australia Bioplastics Market Revenue Share, By Companies, 2024 |
10.2 Australia Bioplastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |