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Bioplastics Market Forecast: What Market Value Is Expected By 2030?
The bioplastics market has recently experienced rapid growth. Forecasts indicate its value will ascend from $12.65 billion in 2025 to $14.82 billion by 2026, showcasing a compound annual growth rate (CAGR) of 17.2%. Historically, this expansion has been attributed to various factors, including heightened concerns about plastic waste, a rise in bio-based polymer production, the increasing adoption of sustainable packaging, strengthened regulatory support for bioplastics, and the availability of renewable raw materials.
The bioplastics market is poised for significant expansion in the coming years. Its valuation is projected to reach $27.19 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.4%. This projected growth during the forecast period stems from factors such as stricter regulations on single-use plastics, an escalating preference for environmentally friendly consumer goods, the development of composting facilities, heightened investment in cutting-edge biopolymer technologies, and wider integration across various industrial sectors. Key developments anticipated within the forecast period encompass a greater uptake of biodegradable packaging, a surge in the utilization of plant-derived polymer raw materials, increased consumer demand for compostable items, broader application of bio-based plastics within the automotive industry, and a heightened emphasis on establishing a circular plastic economy.
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Bioplastics Market Growth Drivers: What Factors Are Accelerating Expansion?
The growing understanding of the importance of bioplastics is anticipated to propel the growth of the bioplastics market. These materials are renewable and environmentally friendly, working to reduce pollution, support sustainable production, and minimize environmental impact when compared to conventional plastics. Awareness of bioplastics is increasing as more people acknowledge the detrimental effects of plastic manufacturing, usage, and disposal on ecosystems and human health. Bioplastics further sustainability goals by offering biodegradable solutions that decrease long-term waste accumulation, helping communities and industries transition to environmentally responsible practices. For instance in 2023 according to the Protega Global Ltd a UK-based Packaging company in 2023, 81% of consumers expressed a demand for sustainable packaging, marking a significant step forward in the effort to reduce plastic waste. Consequently, this increasing awareness will encourage customers towards bioplastics, thereby driving the bioplastics market.
Bioplastics Market Segments: Where Are The Largest Growth Opportunities?
The bioplastics market covered in this report is segmented –
1) By Type: Biodegradable, Non-Biodegradable
2) By Distribution Channel: Online, Offline
3) By Application: Rigid Packaging, Flexible Packaging, Textile, Agriculture And Horticulture, Consumer Goods, Automotive, Building And Construction, Other Applications
Subsegments:
1) By Biodegradable: Starch-Based Bioplastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Cellulose-Based Bioplastics
2) By Non-Biodegradable: Bio-Based Polyethylene (Bio-PE), Bio-Based Polyethylene Terephthalate (Bio-PET), Bio-Based Polypropylene (Bio-PP), Bio-Based Nylon
Bioplastics Market Trends: What Is Shaping Future Industry Growth?
Leading companies in the bioplastic market are actively developing innovative bioplastics, particularly PHA biopolymers, to boost revenue within the sector. These PHA biopolymers originate from biological sources, possess natural biodegradability and biocompatibility, and can be processed as thermoplastics into a broad spectrum of final products. For instance, in December 2023, Sulzer, a Switzerland-based technology company specializing in flow control and treatment solutions for industrial processes, launched CAPSULTM, designed for the continuous manufacturing of polycaprolactone (PCL). This advanced, comprehensive licensed technology is engineered to facilitate a fully integrated, unbroken production process that incorporates all purification and polymerization stages, thereby boosting efficiency and decreasing costs. CAPSULTM’s central aim is to create high-quality biodegradable materials that contribute to minimizing plastic waste, aligning with sustainability efforts across numerous industries.
Bioplastics Market Major Participants And Competitive Dynamics
Major companies operating in the bioplastics market are BASF SE, Corbion NV, Danimer Scientific Inc., Mitsubishi Chemical Holdings Corporation, Novamont S.p.A., Futamura Group, Neste Oyj, NatureWorks LLC, Polymateria Ltd, TIPA Corp Ltd, Biome Bioplastics Limited, Braskem S.A., Indorama Ventures Public Company Limited, Teijin Limited, Toray Industries Inc., PTT MCC Biochem Co Ltd., An Phat Holdings Joint Stock Company, Futerro SA, Trifilon AB, Biofase S.A. de C.V., Bioapply Polymers S.L., Avantium N.V., LCY Biosciences Inc., Kaneka Takasago Ltd.
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Bioplastics Market Geographic Distribution And Regional Opportunities
Asia-Pacific was the largest region in the bioplastics market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioplastics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.