Bioplastics Market by Product Type (Starch-Based Bioplastics, PLA Bioplastics, PHA Bioplastics, PBS Bioplastics, Bio-PE, Bio-PET), End-User Industry (Packaging, Agriculture & Horticulture, Automotive, Consumer Goods, Medical & Pharmaceutical, Textiles & Fibers), Bioplastics Source (Plant-Based, Algae-Based, Animal-Based), Application (Packaging Materials, Agricultural Films, Medical Devices, Food & Beverage Containers, Consumer Goods, Textiles & Clothing), and Form (Biodegradable Plastics, Non-Biodegradable Plastics), and by Region, Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Bioplastics Market was valued at USD 11.6 billion in 2024-e and will surpass USD 35.5 billion by 2030; growing at a CAGR of 17.4% during 2025 - 2030.

The global bioplastics market has gained significant traction due to increasing environmental concerns and the push for sustainable alternatives to traditional petroleum-based plastics. Bioplastics are derived from renewable resources, making them a more eco-friendly option for various industries. As demand for sustainable solutions rises across sectors such as packaging, automotive, agriculture, and consumer goods, the bioplastics market is poised for substantial growth. One of the key factors driving this market is the versatility of bioplastics in different forms, including biodegradable plastics and non-biodegradable plastics, which cater to a wide range of applications.

Starch-Based Bioplastics Segment Is Largest Owing to Cost-Effectiveness and Versatility

Among the various types of bioplastics, starch-based bioplastics represent the largest segment, driven by their cost-effectiveness and availability from renewable sources. Starch-based bioplastics are derived from corn, potatoes, and other starch-rich plants, offering an affordable alternative to petroleum-based plastics. These bioplastics are widely used in the packaging and agricultural sectors due to their biodegradability and ability to degrade quickly without leaving harmful residues. The high versatility of starch-based bioplastics allows them to be used in a variety of products, including food packaging and agricultural films, further expanding their market potential.

Packaging Industry Is Largest End-User Segment of Bioplastics

The packaging industry continues to dominate the bioplastics market, accounting for the largest share of demand. With increasing consumer and regulatory pressure for sustainable packaging solutions, bioplastics have become a preferred choice for companies in the food and beverage, consumer goods, and other sectors. The shift towards sustainable packaging is supported by bioplastics like PLA, which offers the same properties as traditional plastics but with the added advantage of being biodegradable. As environmental regulations become stricter, the adoption of bioplastics in packaging is expected to increase, making this segment the largest end-user industry.

Plant-Based Bioplastics Source Is Fastest Growing Due to Rising Demand for Sustainability

The fastest growing bioplastics source is plant-based bioplastics, as they are sourced from renewable resources like corn, sugarcane, and potatoes. With rising concerns over climate change and plastic pollution, plant-based bioplastics have seen an increasing demand due to their sustainability and biodegradability. This type of bioplastics significantly reduces the dependency on fossil fuels, offering a cleaner and greener solution compared to conventional plastics. Industries such as packaging, automotive, and agriculture are driving the growth of plant-based bioplastics, and this trend is expected to accelerate in the coming years.

Packaging Materials Application Is Largest Application of Bioplastics

In terms of application, packaging materials hold the largest share of the bioplastics market. The demand for sustainable packaging solutions in the food and beverage industry has significantly increased the adoption of bioplastics in packaging. PLA, PHA, and starch-based bioplastics are widely used to replace traditional plastic packaging due to their biodegradable nature and ability to decompose without leaving harmful residues. With the growing focus on reducing single-use plastics and promoting circular economies, the packaging materials segment is expected to remain dominant in the bioplastics market for the foreseeable future.

Biodegradable Plastics Form Is Largest Due to Environmental Benefits

Biodegradable plastics represent the largest form of bioplastics due to their significant environmental advantages. These plastics decompose naturally over time, unlike conventional plastics that persist in the environment for centuries. As the world moves towards a more sustainable future, biodegradable plastics are increasingly used in applications such as food packaging, agricultural films, and medical devices. The growing emphasis on reducing plastic waste and the environmental impact of non-biodegradable plastics is driving the widespread adoption of biodegradable bioplastics, particularly in industries with high plastic consumption.

North America Is Largest Region in the Bioplastics Market

North America remains the largest region in the global bioplastics market, driven by strong demand from industries such as packaging, automotive, and consumer goods. The region’s well-established regulatory framework supporting sustainable practices and the growing awareness of environmental concerns further boost the adoption of bioplastics. Additionally, major players like NatureWorks LLC and BASF SE have significant production facilities in North America, contributing to the region’s market dominance. With stricter environmental regulations in the region, North America is expected to maintain its leadership in the bioplastics market.

Competitive Landscape and Leading Companies

The bioplastics market is highly competitive, with several global players leading the charge in product innovation and market expansion. Companies like NatureWorks LLC, BASF SE, Braskem, and Total Corbion PLA are at the forefront of bioplastics production, offering a wide range of products, including PLA, PHA, and starch-based bioplastics. These companies focus on enhancing production capabilities, developing new formulations, and expanding their product portfolios to meet the rising demand for sustainable plastic solutions. Additionally, there is a growing trend of strategic partnerships and collaborations among key players to develop more efficient and cost-effective bioplastics. The competitive landscape is characterized by both established companies and new entrants, all vying for market share in this rapidly growing industry.

Recent Developments:

• BASF and Total Corbion PLA expand bio-based material production: BASF announced a strategic partnership with Total Corbion PLA to expand their production of bio-based PLA, a biodegradable plastic alternative, to meet growing demand.
• Novamont launches new range of biodegradable bioplastics: Novamont unveiled its new line of biodegradable bioplastics aimed at replacing conventional plastics in packaging and agriculture.
• Braskem introduces Green Polyethylene: Braskem launched a new line of sustainable Green Polyethylene made from sugarcane, positioning it as a renewable alternative to traditional petroleum-based polyethylene.
• Mitsubishi Chemical and Toray Industries collaborate on bio-based materials: Mitsubishi Chemical and Toray Industries have formed a strategic alliance to produce bio-based plastics with better performance for various applications including automotive and electronics.
• Bio-On enters joint venture for bioplastics production in Asia: Bio-On has partnered with a major Asian conglomerate to set up a new bioplastics production facility in Asia, aiming to serve the growing demand for sustainable plastics in the region

List of Leading Companies:

• BASF SE
• NatureWorks LLC
• Total Corbion PLA
• Braskem
• Novamont S.p.A
• DowDuPont
• Mitsubishi Chemical Corporation
• FKuR Kunststoff GmbH
• Toray Industries Inc.
• Arkema S.A.
• Plastics Zero
• Bio-On S.p.A
• UPM-Kymmene Corporation
• Green Dot Bioplastics
• SABIC

Report Scope: