Bioplastics Market Size, Share, Trends, Growth and Forecast 2034

Bioplastics Industry Prospective:

The global bioplastics market size was worth around USD 7.41 billion in 2024 and is predicted to grow to around USD 96.11 billion by 2034, with a compound annual growth rate (CAGR) of roughly 29.20% between 2025 and 2034.

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Bioplastics Market: Overview

Bioplastics are sustainable materials produced from renewable sources. They can either be biodegradable or non-biodegradable depending on the source material. However, bioplastics are considered an effective solution to the mounting environmental pollution caused by traditionally used plastics. According to market research, conventional plastic is the third most widely produced derivative of petroleum, which is a non-renewable energy source. More than 190 million tons of plastic are consumed worldwide every year. Traditional plastics are non-biodegradable and can persist in the environment for more than 1000 years. Bioplastics, on the other hand, offer a sustainable alternative to environmentally harmful plastic solutions. Different types of raw materials are used for producing bioplastics. For instance, sugarcane is a common raw material used for preparing bottles and containers for several end-user industries.

Additionally, algae and bacteria are widely incorporated into the production of polymers and Polyhydroxyalkanoates (PHA) for final applications in several industries. During the forecast period, demand for bioplastics is expected to grow due to the increasing need to switch to sustainable materials across various sectors. Moreover, rising investment in research & development, in addition to the commercialization of bioplastics, may further advance market revenue during the forecast period.

Key Insights:

• As per the analysis shared by our research analyst, the global bioplastics market is estimated to grow annually at a CAGR of around 29.20% over the forecast period (2025-2034)
• In terms of revenue, the global bioplastics market size was valued at around USD 7.41 billion in 2024 and is projected to reach USD 96.11 billion by 2034.
• The bioplastics market is projected to grow at a significant rate due to the intensifying government regulations concerning environmental pollution.
• Based on the product, the biodegradable segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the application, the packaging segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Bioplastics Market: Growth Drivers

How will intensifying government regulations concerning environmental pollution impact the bioplastics market revenue?

The global bioplastics market is expected to be driven by the intensifying government regulations and framework concerning environmental pollution caused by plastic production and application. According to the Organization for Economic Co-operation and Development, plastic pollution accounts for approximately 3.4% of total greenhouse gas (GHG) emissions.

By 2060, emissions are expected to reach 4.3 billion tonnes per year. GHG emissions are extremely harmful to the ecological balance and all types of living organisms on the planet. This has led to an urgent need to develop sustainable materials that are less harmful to the environment. Bioplastics are produced from renewable sources and do not pose a significant threat to the ecological system. Most bioplastics are produced using plant-based sources such as potatoes, sugarcane, and corn.

Furthermore, they are also derived using recycled food waste. Governments across the globe are encouraging research & development (R&D) of novel bioplastic solutions and applications across industries. Moreover, stringent regulations concerning the impact of business operations on the environment can further promote the use of bioplastics in the production and packaging of key materials.

Increasing use of bioplastics in the healthcare sector to promote market expansion in the coming years

The global healthcare industry is a significant contributor to the increased use of bioplastics in the production of a wide range of medical equipment. Recent advancements include the use of renewable materials in the development of implants and surgical equipment. For instance, in a recent event, Signicent, a leading technology and innovation consulting firm, announced that a prominent medical device manufacturer had approached the firm to explore bioplastics as packaging solutions. Significance has established that biodegradable Polylactic Acid (PLA)-based materials can prove effective as packaging solutions, thus promoting expansion of the global bioplastics market.

Bioplastics Market: Restraints

High cost of production and limited availability to restrict market growth trajectory

The global bioplastics industry is expected to be restricted due to the high cost of production. Bioplastics are novel materials and require extensive research to develop. On the other hand, scaling of bioplastics to meet the commercial demand can be expensive due to the use of advanced production processes. At present, only a limited number of players are operating in the market restricting the quantity of bioplastics available for commercial use.

Bioplastics Market: Opportunities

Ongoing investments in innovation will open a higher scope of growth for the industry players

The global bioplastics market is expected to generate growth opportunities due to the rising investments in innovation. In January 2025, the Indian Institute of Technology (IIT)-Madras announced the launch of a dedicated center for the production of zero-waste bioplastics. The Centre for Biodegradable Packaging will work toward developing a scalable and cost-effective substitute for traditional plastic. The developments will be promoted against the backdrop of growing concerns over the circulation of microplastics in the environment and their impact on human health.

In January 2024, scientists at King’s College London developed a breakthrough method involving the use of enzymes in detergents to assist in the recycling of single-use plastics in 24 hours. The enzymes are used to depolymerize single-use bioplastics such as food containers and coffee cups, especially for PLA plastics. The process is 84 times faster than industrial composting procedures.

In September 2024, Murdoch University and Australia’s national science agency, CSIRO, launched The Bioplastics Innovation Hub. The collaborative project is developed on a budget of AUD 8 million and will encourage the development of 100% compostable plastic. The hub will work toward developing bioplastics that can degrade in land, compost, or water.

Bioplastics Market: Challenges

How will excessive reliance on agricultural goods as raw materials challenge the bioplastics market growth trends?

The global bioplastics industry is expected to face challenges due to its excessive reliance on products derived from the agricultural sector. Bioplastics are mainly used in farm-derived goods such as corn and sugarcane. Changes in raw material availability due to climate conditions or other external factors can impact the production of bioplastics. Furthermore, increasing the use of agricultural products for producing bioplastics can put the farming industry under tremendous pressure and also impact the food supply chain across the globe.

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Bioplastics Market: Report Scope

Bioplastics Market: Segmentation

The global bioplastics market is segmented based on product, application, and region.

Based on the product, the global market divisions are non-biodegradable and biodegradable. In 2024, the highest growth was listed in the biodegradable segment, accounting for nearly 50.5% of the total revenue. The increasing demand for environmentally conscious packaging solutions across major industries is propelling the segmental revenue. PLA plastics take up to 1 to 3 months during industrial composting procedures.

Based on the application, the global market divisions are textile, electronics, automotive & transportation, agriculture, packaging, and others. In 2024, the packaging segment recorded the highest revenue, accounting for nearly 62% of the total revenue. The increasing use of bioplastics for packaging is a result of increased use in e-commerce & logistics industries. During the projection period, the automotive segment is anticipated to deliver a higher CAGR according to research.

Bioplastics Market: Regional Analysis

What will help North America deliver the highest revenue in the bioplastics market during the forecast period?

The global bioplastic market is expected to be led by North America during the forecast period, with the US leading the regional revenue. The presence of a strict regulatory environment and increased consumer awareness is propelling North America’s growth rate. In April 2025, Lululemon Athletica, a Canadian fashion house, announced a multi-year partnership with ZymoChem, a US-based Company. The company is expected to leverage the partnership to increase the use of bio-based nylon for clothing production.

In May 2024, Bpacks, a sustainable packaging startup in the regional market, launched the world’s first bark-based biodegradable bioplastics. The product is expected to act as a substitute for plastics used in cosmetics, fresh products, and meat products.

Europe is another thriving region in the bioplastics industry, with the UK, Germany, Denmark, Spain, and other regions emerging as critical regional market growth drivers. European regulations concerning the use of environmentally harmful plastic are becoming stricter. The increased measures to adopt bioplastics in the regional ecosystem will proliferate higher growth in Europe. In May 2025, Europe witnessed the launch of the GRECO project. It is expected to focus on developing and promoting biobased, biodegradable, and recyclable food packaging using PLA copolymers along with green catalysts, additives, and functional coatings.

Bioplastics Market: Competitive Analysis

The global bioplastics market is led by players like:

• FKuR Kunststoff GmbH
• NatureWorks LLC
• Braskem
• Mitsubishi Chemical Corporation
• Arkema
• TIPA Corp Ltd
• Sea6 Energy
• Biome Bioplastics
• BASF SE
• Plantic Technologies
• TotalEnergies Corbion
• Eastman Chemical Company
• Danimer Scientific
• Avantium
• Novamont S.p.A.

The global bioplastics market is segmented as follows:

By Product

• Non-Biodegradable
• Biodegradable

By Application

• Textile
• Electronics
• Automotive & Transportation
• Agriculture
• Packaging
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa