Press Release

The global bioplastics market revenue surpassed US$ 7.35 billion in 2024 and is predicted to attain around US$ 19.75 billion by 2033, growing at a CAGR of 11.61% during the forecast period from 2025 to 2033. A key factor influencing the market is the increasing concern for environmental issues, which is promoting a paradigm shift towards the adoption of bioplastics. Furthermore, the rising demand for packaging solutions is expected to bolster the growth of this market.

Bioplastics are recognized as an eco-friendly alternative to conventional plastics, and consumers are actively seeking products made from bioplastics, especially in light of the growing problems associated with littering and pollution. The bioplastics market has experienced significant growth, driven by expansions in the agricultural, packaging, and textile industries.

Global Bioplastics Market Key Takeaway

• The bioplastics market is projected to witness a substantial revenue increase, rising from US$ 7.35 billion in 2024 to US$ 19.75 billion by 2033, representing a CAGR of 11.61% during the forecast period from 2025 to 2033.
• The Asia Pacific region is a significant player in the bioplastics sector, both in production and consumption, establishing itself as a global leader in the bioplastics market.
• In terms of application, flexible packaging is anticipated to capture over 33% market share. Bioplastics are becoming the preferred choice for flexible packaging due to their reduced environmental footprint, versatile material properties, and alignment with evolving consumer expectations.
• Regarding types, biodegradable plastics dominate the bioplastics market, holding a 71% share. This prominence is attributed to their alignment with the increasing demand for eco-friendly solutions. These plastics are primarily composed of starch-based materials, polylactic acid (PLA), polyhydroxyalkanoates (PHA), and certain biodegradable polyesters (such as PBS, PBAT, and PCL), which decompose more rapidly under controlled conditions.

Asia Pacific Bioplastics Market Size and Growth 2025 to 2033

The Asia Pacific region is a major player in the bioplastics market, accounting for approximately 45% market share. This leadership position is attributed to favorable government programs, ample feedstock availability, and a growing middle class. The packaging industry is rapidly expanding in countries such as China, India, Japan, and South Korea, driving the demand for bioplastics. Additionally, these governments are implementing strict regulations to reduce traditional plastic usage.

In terms of production, the region generates around 1.8 million metric tons of bioplastics. Notably, India contributes about 250,000 metric tons, while China exceeds 900,000 metric tons. Japan is also making significant advancements in technology, enabling market players in the region to commercialize 400 different bio-based grades, positioning them at the forefront of bioplastic production.

In China, the government actively promotes the development of bioplastics through policies that encourage their production and use. This includes implementing bans on certain single-use plastics while exempting biodegradable alternatives. Such measures effectively propel the market towards adopting sustainable options like PLA (polylactic acid), particularly in light of the country’s commitment to achieving its "dual carbon" goals of carbon neutrality by 2060.

Market Overview

In recent years, the polymer industry has undergone significant transformations, with a focus on waste recycling and the development of renewable materials such as biodegradable plastics, commonly referred to as bioplastics. These innovations are establishing crucial pathways towards sustainability. According to the European Bioplastics Association, bioplastics production capacity surged to 2.18 million tons in 2023 and is projected to reach 7.43 million tons by 2028.

Plastics play a significant role in contributing to global greenhouse gas emissions. In 2022, the production of plastics resulted in 1.9 billion tons of greenhouse gas (GHG) emissions, accounting for 3.5% of total global emissions. Notably, 90% of these emissions stem from the processes involved in plastic production, conversion from fossil fuels, and the exploitation of natural resources.

While still a niche market, bioplastics present a viable alternative. Over the past decade, numerous bio-based plastic materials have been in development or pilot phases, and many are expected to transition into mass production within the next few years.

Global Bioplastics Market Growth Factors

• Rising Consumer Demand: There is a growing consumer preference for eco-friendly solutions across various global market segments.
• Supportive Legislation: Strict legislative frameworks are being implemented to promote biodegradable materials in multiple industry applications worldwide.
• Corporate Sustainability Initiatives: Companies are making sustainability commitments that are driving research investments into alternative packaging and product solutions.
• Adoption of Bio-Based Films: The use of bio-based films for flexible packaging is increasingly being embraced in global markets.
• Utilization of Agricultural Waste: There is an increasing trend to use agricultural waste feedstock for developing new polymer lines.
• Cross-Sector Collaboration: Various sectors, including food, textile, and automotive, are collaborating to expand the usage of bioplastics.

Market Dynamics

Driver

Growing Consumer Preference

The growing consumer preference for eco-friendly alternatives is having a profound impact on the global bioplastics market, influencing various sectors and applications within the industry. As awareness of environmental issues increases, consumers are increasingly seeking products that align with their values, particularly those that reduce environmental impact.

Current trends reveal that a notable segment of consumers, particularly early adopters, are willing to pay a premium for bioplastic products. In 2023, approximately 50% of consumers reported that they are open to spending "a little bit more" on bioplastics compared to traditional plastics. This willingness reflects a growing acknowledgment of the benefits associated with bioplastics, such as their renewable nature and lower carbon footprint.

When consumers were presented with a scenario where all attributes—such as price, functionality, and aesthetics—were equal, an impressive 70% of respondents expressed a preference for bioplastic products. This signifies a strong inclination towards sustainable materials when there are no perceived trade-offs in quality or cost.

Restraint

Higher Material Costs 

One of the significant challenges facing the bioplastics market is the higher material costs, which complicate competitiveness against traditional petroleum-based plastic solutions on a global scale. As the demand for sustainable alternatives grows, the cost dynamics of bioplastics remain a critical factor that could hinder market growth. 

Bioplastics are generally more expensive to produce compared to conventional plastics due to several contributing factors, including the cost of raw materials, the investment in research and development, and the complexities involved in downstream recovery processes. Currently, the price of biodegradable plastics is estimated to be approximately 20-30% higher than that of traditional plastics. 

The cost of bioplastics can fluctuate over time, influenced by factors such as market demand, technological advancements, and the availability of raw materials. On average, the cost of bioplastics can range from $2 to $7 per kilogram. Consequently, this translates to a price range of $2,000 to $7,000 per ton. The price within this range will depend on the specific type of bioplastic being considered, as different bioplastics have varying production costs and material requirements.

Trends

Adoption of Bio-Based Films

Bio-based films have emerged as a critical focus area for brands looking to replace traditional petroleum-based packaging within the bioplastics market. This shift towards bio-based films is largely driven by increasing sustainability commitments from companies, coupled with legislative incentives aimed at promoting environmentally friendly practices. As consumers become more environmentally conscious, brands are recognizing the need to align their packaging solutions with sustainability goals, and bio-based films present a promising alternative.

The growing adoption of bio-based films in packaging can be attributed to several factors. Advancements in resin formulation have enhanced the performance and versatility of these materials, making them more appealing to various industries. Companies are now able to produce bio-based films that not only meet the functional requirements of packaging but also offer the benefits of being biodegradable and compostable. These innovations enable brands to provide effective packaging solutions without compromising environmental integrity.

Major retailers are actively experimenting with direct-store-delivery pilots that utilize compostable film pouches. These pouches are designed to degrade under controlled industrial conditions, which helps alleviate the burden on local waste management systems. By adopting compostable packaging solutions, retailers can significantly reduce the waste generated, thus contributing to a more sustainable supply chain. This not only benefits the environment but also enhances the retailer's brand image as a responsible, eco-friendly option.

Additionally, the availability of third-party certifications for compostability and food safety is playing a crucial role in fostering consumer confidence. These certifications provide greater transparency, allowing packaged goods companies within the bioplastics market to introduce new product lines with minimal hesitation from consumers. As consumers increasingly seek products that align with their values, the assurance that packaging is compostable and safe for food contact can be a significant selling point.

Recent Developments

• In January 2025, scientists at TNO, the Netherlands Organisation for Applied Scientific Research, unveiled an innovative artificial intelligence (AI) model named polyScout. This cutting-edge model has the potential to significantly accelerate the development of biodegradable polymers, streamlining the research and production processes. By leveraging AI technology, polyScout aims to enhance the efficiency of creating sustainable materials that meet the rising demand for eco-friendly alternatives in various applications.
• In September 2024, a collaborative initiative was launched between CSIRO, Australia’s national science agency, and Murdoch University called The Bioplastics Innovation Hub. This ambitious project, backed by an investment of $8 million, aims to partner with industry stakeholders to develop a new generation of 100% compostable plastics. The hub's focus on innovation and collaboration is expected to pave the way for advancements in bioplastics that can effectively address environmental concerns while meeting consumer needs.
• In July 2024, SS Royal Kit Emirates Investment and Global Biopolymers Industries joined forces to establish Emirates Biotech, a venture that seeks to revolutionize the PLA (polylactic acid) bioplastics industry. This partnership aims to lead the production and marketing of PLA biopolymers across the Middle East, Africa, and India. By providing a sustainable and circular alternative to conventional fossil fuel-based plastics, Emirates Biotech is poised to make a significant impact on the regional market and contribute to the global transition towards more sustainable materials.

Key Bioplastics Market Companies

• BASF SE
• Biome Technologies plc
• Braskem
• Corbion N.V.
• Danimer Scientific.
• E. I. du Pont de Nemours and Company
• Eastman Chemical Company
• Futerro SA
• Galactic
• M& G Chemicals
• Mitsubishi Chemical Holdings
• NatureWorks LLC
• Novamont S.p.A.
• Plantic
• PTT Global Chemical Public Company Ltd.
• Showa Denko K.K.
• Solvay SA
• Teijin Ltd.
• Toray Industries
• Toyota Tsusho
• Other Prominent Players

Market Segmentation Overview 

By Type

• Biodegradable
• Starch-based
• Polylactic Acid (PLA)
• Poly hydroxy alkanoates (PHA)
• Polyester (PBS, PBAT, and PCL)
• Other Biodegradable Plastics
• Non-biodegradable
• Bio-polyethylene Terephthalate (PET)
• Bio-Polyethylene
• Bio-Polyamides
• Bio-Polytrimethylene Terephthalate
• Other Non-Biodegradable Plastics

By Mode of Application

• Rigid Packaging
• Bottles & Jars
• Trays
• Others
• Flexible Packaging
• Pouches
• Shopping/Waste Bags
• Others
• Agriculture & Horticulture
• Consumer goods
• Textile
• Automotive & Transportation
• Building & Construction
• Others

By Geography

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

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