The “Bioplastics & Biopolymers Market by Product Type (Biodegradable, Non-Biodegradable/ Bio-Based), End-Use Industry (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture, AnT, Coatings & Adhesives), & Region-Global Forecast to 2029” was valued at USD 15.3 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 24.2% between 2024 and 2029.
While biopolymers are naturally occurring polymers, bioplastics are synthetic materials made from renewable sources such as corn, potatoes, rice, soy, wheat, and vegetable oil. Bioplastics have two possible natural degradation rates. They are utilised in many different industries, including as packaging, consumer products, automotive and transportation, horticulture and agriculture, medicine, and numerous more fields. They are mainly divided into biodegradable and non-biodegradable categories.
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- 261 Market data Tables
- 54 Figures
- 318 Pages and in-depth TOC on “Bioplastics & Biopolymers Market – Global Forecast to 2029”
This report also provides a comprehensive analysis of the companies listed below:
The market for bioplastics and biopolymers is dominated by companies such as NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A. (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Planttic Technologies Limited (Australia), and Toray Industries, Inc. (Japan). These companies have expanded their market share through a variety of growth techniques. The two main tactics used by the key players in the worldwide bioplastics and biopolymers market over the past five years to increase their competitiveness and increase the size of their client base have been acquisition and mergers and investment and growth.
Recent Developments in Bioplastics & Biopolymers Market Industry
- In November 2022, Total Energies Corbion unveiled a long-term collaboration with BGF, focusing on application development and the supply of Luminy PLA.
- Braskem announced in October 2022 its plans to expand its I’m greenTM biopolymer production capacity by 30%, investing USD 60 million in the project. This expansion, in partnership with SOG chemicals, aims to double the current capacity for I’m greenTM products.
- In January 2025, MarketsandMarkets released a global forecast for the bioplastics and biopolymers market.
- In June 2021, BASF introduced COSMOS-approved texturizing biopolymer Hydagen, derived from the tuber of the konjac plant. This rheology modifier is suitable for various aqueous systems and novel formulations such as patches and jellies.
- In June 2022, Confoil, an Australian food packaging manufacturer, collaborated with BASF to develop certified compostable dual-ovenable paper trays coated with BASF’s biopolymer Ecovio PS-1606.
- In September 2021, Braskem partnered with Gelmart International to supply I’m-green-EVA biopolymer for the production of the world’s first bra cup.