Biopolymers & Bioplastics Market Research Report Information By Type (Biodegradable (Polylactic Acid (PLA), Starch Blends, Polybutylene Adipate Terephthalate (PBAT), Polyhydroxyalkanoate (PHA)), By Non-Biodegradable (Bio-PE, Bio-PA, Bio-PET, Bio-PTT, Other), By End Use (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture, Other) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

Global Biopolymers & Bioplastics Market Overview

Global Biopolymers & Bioplastics Market Size was valued at USD 21 billion in 2022. The Biopolymers & Bioplastics market is projected to grow from USD22.029 Billion in 2023 to USD 32.29971486 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2032). Increased demand for environmental-friendly feedstocks across industries and increasing popularity of eco-friendly packaging are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Biopolymers & Bioplastics Market Trends

• The increasing popularity of eco-friendly packaging is driving the market growth

Consumers all across the globe are now aware of the side effects caused by plastics on the environment. Traditional plastics, which are mainly part of society, require a very long time to separate and degrade along with the time, and they lie in landfill for a significant time.Countering this problem, these biodegradable plastics and polymers are quickly separated, disposed of, and retained through recycling into the normal framework—moreover, the peace of the decay of biodegradable and biopolymer plastics.The exercise of microorganisms is far swifter than the traditional plastics.This factor drives the market CAGR in the forecast period.

Additionally, the market for bioplastics and biopolymers is primarily driven by rising demand for plastic convenience and quality food products, the rising urban population, which increases food adoption, rising consumption of processed or stored food and packaged food for consumers around the world, growing disposable income of eatable food, and multi-functionality of packaging. Packaging is one of the end-use industries that dominate the bioplastics and biopolymers market. Bioplastics, particularly biodegradable bioplastics, are becoming more popular as a replacement for conventional plastics due to environmental concerns. Bioplastics are increasingly used in bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service containers. Furthermore, the market is expected to grow due to rising demand for packaged foods, innovation and development in bio-plastic packaging, rising consumer concerns about their health, and rising packaging capacity of packaging food owners on durable food products. Changing consumer lifestyles in developed countries, growing pharmaceutical, food, and other industries, and new product development in bioplastics and biopolymers products are expected to drive the Biopolymers & Bioplastics market revenue during the forecast period.

Biopolymers & Bioplastics Market Segment Insights

Biopolymers & Bioplastics Type Insights

The global Biopolymers & Bioplastics market segmentation, based on type, includes biodegradable (Polylactic Acid (PLA)), starch blends, polybutylene adipate terephthalate (PBAT), and polyhydroxyalkanoate (PHA). The biodegradable (Polylactic Acid (PLA)) segment dominated the market due to the high dependency of companies and consumers on environmental-friendly solutions to meet their daily needs.

Biopolymers & Bioplastics Non-Biodegradable Insights

The global Biopolymers & Bioplastics market segmentation, based on non-biodegradable, includes Bio-PE, Bio-PA, Bio-PET, Bio-PTT, and Others. The Bio-PE segment dominated the market; changing market attributes such as lifestyle and consumer perspective toward the emerging need for environmental-friendly alternatives are anticipated to grow this segment.

Figure1: Global Biopolymers & Bioplastics Market, by Non-Biodegradable, 2022&2032 (USD billion)                             

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Biopolymers & Bioplastics End-UseInsights

Based on end-use, the global Biopolymers & Bioplastics market segmentation includes packaging, consumer goods, automotive & transportation, textiles, agriculture & horticulture, and others. The packaging segment dominated the market; residents worldwide' increasing dependency on e-commerce platforms is anticipated to pave the way for higher demand for bioplastics and biopolymer-based packaging solutions, including rigid packaging and flexible packaging.

End Use Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Biopolymers & Bioplastics Market area will dominate this market; this is due because the regional market is a major hub for plastic and plastic compound manufacturers across the globe, with the involvement of numerous key industry participants across the Region. Moreover, China’s Biopolymers & Bioplastics market held the largest market share, and the Indian Biopolymers & Bioplastics market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: GLOBAL BIOPOLYMERS & BIOPLASTICS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Biopolymers & Bioplastics market accounts for the second-largest market share due to the growing number of government interventions, such as REACH and EPA. Further, the German Biopolymers & Bioplastics market held the largest market share, and the UK Biopolymers & Bioplastics market was the fastest-growing market in the European Region.

North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growth of the regional markets is mainly attributed to the presence of multinational companies in the Region that are seen to be making heavy investments in research & development activities to develop high-grade, durable, and economic bio-based plastic products.

Biopolymers & Bioplastics Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the biopolymers & bioplastics market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Biopolymers & Bioplastics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Biopolymers & Bioplastics industry to benefit clients and increase the market sector. The Biopolymers & Bioplastics industry has offered some of the most significant medical advantages in recent years. Major players in the Biopolymers & Bioplastics market, includingBASF SE (Germany),Arkema (France),Braskem (Brazil), Biome Bioplastics Limited (US),Covestro (Germany), Kaneka Corporation (Japan), Mitsubishi Chemical Corporation (Japan), United Biopolymers (US),NatureWorks Inc. (US),Plantic Technologies Limited (Australia),SKYi Composites (India)., and others, are attempting to increase market demand by investing in research and development operations.

Nature Works LLC is an international company that manufactures bioplastics—polymers derived entirely from plant resources—as an alternative to conventional plastic made from petroleum.Nature Works agreed with ABB technology to automate a new bioplastics plant in Thailand. The advancements aim to expand the production capacity of polylactic acid (PLA) to cater to the growing industry demand for sustainable materials.

Braskem is contributing to the value chain to strengthen the Circular Economy. Its more than 8.000 team members are dedicated to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. Braskem is globally headquartered in Brazil, and its EMEA head office is based in Rotterdam – NL. There are more than 41 industrial units in Brazil, the United States, Mexico, and Germany, exporting its products to clients in over 80 countries. Braskem and Ledesma (Argentina), makers of regular agro-industrial items, have teamed up to convey Ledesma + Bio, a line of 100 percent sustainable journals made completely of sugarcane. Such drives are supposed to take special care of the bioplastics and biopolymers market requirements.

Key Companies in the Biopolymers & Bioplastics market include

• 
  BASF SE (Germany)


• Arkema (France)


• Braskem (Brazil)


• Biome Bioplastics Limited (US)


• Covestro (Germany)


• 
  Kaneka Corporation (Japan)


• Mitsubishi Chemical Corporation (Japan)


• United Biopolymers (US)


• NatureWorks Inc. (US)


• Plantic Technologies Limited (Australia)


• SKYi Composites (India)

Biopolymers & Bioplastics Industry Developments

April 2021: NatureWorks reported another essential organization with IMA Coffee, a market chief in espresso, taking care of handling and packaging. This organization targets expanding the market by going after high-performing compostable K-cup in North America.

August 2019: Braskem and Ledesma (Argentina), makers of regular agro-industrial items, have teamed up to convey Ledesma + Bio, a line of 100 percent sustainable journals made completely of sugarcane. Such drives are supposed to take special care of the bioplastics and biopolymers market requirements.June 2023: The World Economic Forum released a report that called for a "global bioplastics revolution" to help address the problem of plastic pollution. The report found that bioplastics could replace a significant portion of conventional plastics by 2030

Biopolymers & Bioplastics Market Segmentation

Biopolymers & Bioplastics Type Outlook

• Biodegradable (Polylactic Acid (PLA)


• Starch Blends


• Polybutylene Adipate Terephthalate (PBAT)


• Polyhydroxyalkanoate (PHA.

Biopolymers & Bioplastics Non-Biodegradable Outlook

• Bio-PE


• Bio-PA


• Bio-PET


• Bio-PTT


• Other

Biopolymers & Bioplastics End-UseOutlook

• Packaging


• Consumer Goods


• Automotive & Transportation


• Textiles


• Agriculture & Horticulture


• Other

Biopolymers & Bioplastics Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America