Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.27 Billion | USD 25.89 Billion | 4.9% | 2024 |
FrequentlyAsked Questions
The global bioplastics & biopolymers market is expected to grow due to increasing environmental awareness, stringent regulations on plastic waste, and the growing demand for sustainable and biodegradable alternatives to conventional plastics.
According to a study, the global bioplastics & biopolymers market size was worth around USD 16.27 Billion in 2024 and is expected to reach USD 25.89 Billion by 2034.
The global bioplastics & biopolymers market is expected to grow at a CAGR of 4.9% during the forecast period.
Europe is expected to dominate the bioplastics & biopolymers market over the forecast period.
Leading players in the global bioplastics & biopolymers market include NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), among others.
The report explores crucial aspects of the bioplastics & biopolymers market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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