Bioplastics Market was valued at USD 4.4 Billion in 2022 and is projected to reach USD 8.5 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
The global bioplastics market was valued at approximately USD 13.2 billion in 2022, with projections indicating a robust growth trajectory. The market is expected to expand at a compound annual growth rate (CAGR) of around 18.5% from 2022 to 2027. This growth is driven by the increasing demand for sustainable and environmentally friendly alternatives to traditional plastics, driven by regulatory pressures and consumer preferences for greener products. The surge in technological advancements and innovation in bioplastic materials further supports this market expansion, highlighting a significant shift towards reducing plastic waste and carbon footprints.Emerging market opportunities are prominent in regions like Asia-Pacific and Latin America, where industrial growth and rising environmental awareness are fostering the adoption of bioplastics. Additionally, advancements in production technologies and the development of new bioplastic types, such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA), are enhancing their application across various sectors, including packaging, automotive, and consumer goods. These factors collectively underscore a dynamic market environment with considerable potential for investment and development in the bioplastics sector.
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Braskem
NatureWorks
Novamont
BASF
Corbion
PSM
DowDuPont
Arkema
Kingfa
FKuR
Biomer
Zhejiang Hisun Biomaterials
PolyOne
Grabio
Danimer Scientific
Myriant
Mitsubishi
Biome Bioplastics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bioplastics Market
Packing Industry
Automotive Industry
Bottles Manufacturing
Others
Based on Types the Market is categorized into Below types that held the largest Bioplastics market share In 2023.
Bio-PET
Bio-PE
Starch Blends
PLA
PHA
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bioplastics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bioplastics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bioplastics Market, By Type
6. Global Bioplastics Market, By Application
7. Global Bioplastics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bioplastics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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