Horticulture Bioplastic Market was valued at USD 0.85 Billion in 2022 and is projected to reach USD 2.20 Billion by 2030, growing at a CAGR of 13.10% from 2024 to 2030.
The horticulture bioplastic market has witnessed significant growth from 2018 to 2022, driven by the increasing adoption of sustainable farming practices, rising consumer demand for eco-friendly products, and heightened awareness around environmental issues. Horticulture bioplastics, derived from renewable sources such as plants and crops, are gaining popularity due to their biodegradable nature and reduced carbon footprint compared to traditional plastics. These bioplastics are primarily used in agricultural applications for mulching films, pots, trays, and greenhouse coverings, providing a more environmentally friendly alternative to petroleum-based plastics.
During the 2018-2022 period, the market's expansion was fueled by government regulations encouraging the use of sustainable materials and an increased shift toward circular economies. Countries such as the US, Europe, and China have implemented various policies to reduce plastic waste and promote bioplastic production. Market participants have been focusing on innovation in materials and manufacturing processes, resulting in enhanced product properties like better durability and performance under varying environmental conditions.
From 2023 to 2033, the horticulture bioplastic market is expected to continue growing, with an anticipated increase in demand driven by further technological advancements and the agricultural sector's commitment to sustainability. The growing use of bioplastics in controlled-environment agriculture (CEA), such as vertical farming and hydroponics, will likely push market growth in the coming decade. The increasing importance of organic farming, coupled with global initiatives to reduce plastic pollution, will also bolster demand for biodegradable solutions in horticulture. Furthermore, manufacturers are expected to invest more in improving the performance and cost-efficiency of bioplastics, making them even more attractive for large-scale applications in farming and gardening industries.
Several challenges still need to be addressed, including the high cost of production and concerns about the sourcing of raw materials for bioplastic production. However, ongoing research and development in feedstock materials like agricultural waste and algae-based plastics could provide significant cost reductions. Companies in the horticulture bioplastics market will likely see substantial opportunities in the long-term as innovation in biodegradable polymers continues to address these issues, ensuring a more sustainable future for agriculture.
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Green Dot Bioplastics
Novomant SPA
Metabolix
BASF S.A.
Natureworks LLC
Corbion Purac
Braskem
Cardia Bioplastics
Biome Technologies Plc
FKuR Kunststoff GmbH
Innovia Films
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 Horticulture Bioplastic Market
Rigid Packaging
Flexible Packaging
Textile
Agriculture & Horticulture
Consumer Good
Automotive
Electronic
Building & Construction
Others
Based on Types the Market is categorized into Below types that held the largest Horticulture Bioplastic market share In 2023.
Bio based
Petrochemical based
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 Horticulture Bioplastic 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 Horticulture Bioplastic Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Horticulture Bioplastic Market, By Type
6. Global Horticulture Bioplastic Market, By Application
7. Global Horticulture Bioplastic Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Horticulture Bioplastic Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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