Bioplastics Market - By Type: Biodegradable Plastics, Non-biodegradable Plastics. By Application: Packaging, Agriculture, Automotive, Consumer Goods, Others. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The global bioplastics market was valued at USD 10.2 billion in 2023 and is projected to reach USD 27.3 billion by 2031, growing at a CAGR of 13.1% (ClearView Market Insights, 2024). Stringent plastic bans, corporate sustainability commitments, and advancements in material performance are driving this growth.
2024 Material Innovations
1. Next-Gen Biopolymers
2. Production Breakthroughs
3. Functional Enhancements
Market Segmentation
|
Material Type |
2024 Share |
2031 Projection |
Key Applications |
|
PLA |
38% |
42% |
Packaging, 3D Printing |
|
PHA |
12% |
25% |
Marine, Medical |
|
Starch Blends |
XX% |
XX% |
Disposables, Agriculture |
|
Bio-PET |
XX% |
XX% |
Bottles, Textiles |
|
Others |
XX% |
XX% |
Automotive, Electronics |
Competitive Landscape
|
Company |
Market Share |
Flagship Product |
Certifications |
|
NatureWorks |
28% |
Ingeo™ |
OK Compost INDUSTRIAL |
|
BASF |
XX% |
ecovio® |
Marine Degradable |
|
TotalEnergies |
XX% |
RE:new™ |
Home Compostable |
|
Mitsubishi Chemical |
XX% |
BioPBS™ |
FDA Food Contact |
Emerging Innovators:
Regional Analysis
Global Bioplastics Market Report
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