Bioplastics Market

Global Bioplastics Market Outlook, Opportunities And Strategies – Includes Bioplastics Market Size

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The global bioplastics market is expected to grow from $6.77 billion in 2021 to $7.80 billion in 2022 at a compound annual growth rate (CAGR) of 15.27%. The global bioplastics market size is expected to reach $14.86 billion in 2026 at a compound annual growth rate (CAGR) of 17.49%.


Increasing awareness about the importance of bioplastics is expected to drive the market going forward.


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The bioplastics market consists of sales of biodegradable plastics material by entities (organizations, sole traders, and partnerships) that are used to reduce the pollution problem of plastic waste which suffocates the planet and polluting the environment. Bioplastics are a type of plastic produced from natural or renewable resources such as vegetable oils, starch, sugarcane, corn, and microbes like yeast. Bioplastics are sustainable, largely biodegradable, and biocompatible. Bioplastics play a crucial role in various industrial applications such as food packaging, agriculture, horticulture, composting bags, hygiene, and others.


Global Bioplastics Market Segments Include:
By Type: Biodegradable, Non-Biodegradable

By Application: Rigid Packaging, Flexible Packaging, Textile, Agriculture and Horticulture, Consumer Goods, Automotive, Electronics, Building and Construction, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global bioplastics market in 2021.


Companies in the market are focusing on increasing investment in environment-friendly bioplastics. Bioplastics are prepared from biodegradable and renewable resources such as proteins, starch, and polylactic acid (PLA). The number of available products and suppliers has increased in recent years leading to increase use of bioplastics in commercial markets across the globe.


TBRC’s Bioplastics Market Report Covers:

Major Market Players: BASF SE, Corbion NV, Danimer Scientific, Mitsubishi Chemical Holdings, Novamont SPA, PTT Global Chemical, FKuR Kunststoff GmbH, NatureWorks LLC, Teijin Ltd, Toray Industries Inc, Toyota Tsusho, M&G Chemicals, Showa Denko KK, SABIC, Futerro SA, Braskem, Biome Technologies plc, BioApply, Biofase, Advance Bio Material Pvt Ltd, Biotec, PTT MCC Biochem Co Ltd, Bio-On and Avantium, Plantic Technologies.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)


The Bioplastics Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides bioplastics market overviews, analyzes and forecasts market size, share, bioplastics market players, bioplastics market segments and geographies, leading competitor revenues, profiles and market shares.


TBRC’s bioplastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


Here Is A List Of Similar Reports From The Business Research Company:

Recycled Polyethylene Terephthalate Global Market Report 2022

Polymer Biomaterial Global Market Report 2022

Sustainable Plastic Packaging Global Market Report 2022


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