Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.41 Billion | USD 96.11 Billion | 29.20% | 2024 |
FrequentlyAsked Questions
Bioplastics are sustainable materials that are produced using renewable sources. They can be either biodegradable or non-biodegradable, depending on the source material.
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 study, 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.
The CAGR value of the bioplastics market is expected to be around 29.20% during 2025-2034.
The global bioplastic market is expected to be led by North America during the forecast period, with the US leading the regional revenue.
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, and Novamont S.p.A.
The report explores crucial aspects of the bioplastics market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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