Bioplastics Market Report Scope & Overview:

The Bioplastics Market size was valued at USD 11611 million in 2022 and is expected to grow to USD 46377.73 million by 2030 and grow at a CAGR of 18.9% over the forecast period of 2023-2030.

Bioplastics are materials made from renewable resources that can cut down on the amount of plastic trash produced globally. These renewable biomass materials, such as cellulose, plant starch, natural sugars, vegetable fats, and used cooking oils, are widely used to make these bio-based polymers. In addition, fresh sources like seaweeds, insects, and mammals are being studied for their potential. While not all are biodegradable, a significant portion can do so in a very short period of time, making them superior to traditional plastics.

Bioplastics Market Revenue Analysis

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The Corn, wheat, mastic, and sugarcane are some of the common feedstocks used to make bioplastics. Nearly all geographical areas of the world have easy access to these. The worldwide market's fluctuation in crude oil prices has no impact on the development of the bioplastics sector.



  • Demand for Biodegradable Plastics to Enhance Soil Quality

  • Rising Packaging Industry Demand for Eco-Friendly Plastics

Numerous industries have used biodegradable plastics, but the packaging business is where they are most frequently used because of their similar characteristics to conventional counterparts. In the coming years, a considerable amount of packing material is anticipated to be utilized due to a growth in e-commerce worldwide. Utilizing bio-based plastics can be a great approach to reduce environmental plastic pollution because they can easily replace conventional plastics.


  • High Cost


  • Rising Utilization of Flexible Packaging

  • The government's increased focus on sustainability and supportive green procurement rules

The bio-based polymers have a wide range of applications. The market for bio-based polymers is anticipated to experience tremendous development opportunities in applications for consumer products due to the government's increased focus on sustainability and supportive green procurement rules. It is also anticipated that the packaging application will expand significantly. There are several uses for biodegradable mulch films in the agricultural sector. The use of bio-based polymers in goods like trays, cutlery, and cups for food packaging is crucial and extremely demanding.


  • High demand from the automotive industry

  • Segregation and processing of bioplastic


The continuing conflict between Russia and Ukraine has decreased American exports of plastics to both nations, including resin, plastics machinery, plastics molds, and plastic goods. According to the data in the table below, year-to-date exports as of July were down more than 50 percent from the same time last year. Exports of American plastics to Russia fell by 62.4%, from $101.1 million to $38.0 million, and by 51.4%, from $21.3 million to $10.4 million to Ukraine. So far this year, exports of plastics machinery to the Ukraine and molds for plastics to Russia have ceased. U.S. plastics shipments to Russia increased by 8.1% in 2021. Exports of resin and plastic goods to Russia represented 46.4% and 47.1% of total exports, respectively. Exports of American plastics to Ukraine increased by 39.9%, with resin accounting for 77.2% of all exports in 2021. However, imports of US plastics from Russia fell by 16.8% while those from Ukraine rose by 19.1%.


The plastics production will also increase in 2021. Production decreased 0.6% from September but up 4.0% from October of the previous year. Shipments of plastic and rubber products climbed in September by 6.2% from a year ago and by 0.6% from August. In the last quarter of the year, sales of retail trade and food services, which use plastics products and packaging, got off to a good start. It grew 16.3% from October of last year and 1.7% from September. Expect a rise in sales as the busiest shopping period of the year approaches. In comparison to last year, PLASTICS predicts a 12.3% growth in retail sales (excluding food services).


By Product

By Application

    • Packaging

    • Agriculture

    • Consumer goods

    • Textile

    • Automotive & Transportation

    • Building & Construction

    • Others

Bioplastics Market Segmentation Analysis

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Europe dominated the global bioplastics market, with Germany, France, Italy, and the United Kingdom accounting for the majority of demand British Empire.

Germany's food and beverage business is distinguished by its approximately 6,000 small and medium-sized enterprise sector. In 2021, it was predicted that the food and beverage market would generate US$3,222 million in revenue. During the anticipated period, the market is anticipated to increase by 6.83% annually, propelling the nation's flexible and rigid packaging sector and the use of bioplastic. Another industry vertical that will drive the market is consumer goods due to the high living levels of the population, they favor higher-quality goods over lower-quality ones.


North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America


  •  In July 2021, Solvay purchased the global coatings division of Bayer, which included facilities in Mereville, France, as well as tolling operations in Brazil and the United States. The company's selection of environmentally friendly and biodegradable products for farmers will expand as a result of this acquisition. All product lines, worldwide tolling operations, and R&D initiatives from the Mereville site have now been transferred entirely to Solvay.

  • Novamont and Iren inked a three-year collaboration agreement in the field of integrated waste collecting systems in March 2021. The agreement intends to implement the goals of a circular bio-economy and eliminate non-recyclable waste at source. Both businesses are dedicated to the creation of specialized projects to better the management of compostable goods and packaging, as well as their improvement and recovery, in addition to the organic in the Iren treatment plants, c of the solid waste is processed.

  • In January 2021, Novamont purchased the BioBag Group, a Norwegian business that created low-impact packaging solutions. With this acquisition, Novamont will be able to diversify its distribution network and reach new markets. Additionally, the two businesses have strengthened their connections with the key players, from big retailers to local communities, enabling them to provide the market with a more suitable and comprehensive choice of options.


The Major Players are TEVJIN LIMITED, TORAY INDUSTRIES, INC., Toyota Tsusho Corporation, Avantium, PTT MCC Biochem Co., Ltd., An Phat Holdings, NatureWorks LLC, SABIC, BASF SE, Futerro, Trinseo S.A., Braskem, Total Corbion PLAIR and other players are listed in a final report.

Toyota Tsusho Corporation-Company Financial Analysis

Company Landscape Analysis

Bioplastics Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 11611  Mn
Market Size by 2030  US$ 46377.73 Mn
CAGR   CAGR of 18.9 % From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Biodegradable, Non-biodegradable)
• By Application (Packaging, Agriculture, Consumer goods, Textile, Automotive & Transportation, Building & Construction, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles TEVJIN LIMITED, TORAY INDUSTRIES, INC., Toyota Tsusho Corporation, Avantium, PTT MCC Biochem Co., Ltd., An Phat Holdings, NatureWorks LLC, SABIC, BASF SE, Futerro, Trinseo S.A., Braskem, Total Corbion PLAIR 
Key Drivers • Demand for Biodegradable Plastics to Enhance Soil Quality
• Rising Packaging Industry Demand for Eco-Friendly Plastics
Market Restraints • High Cost


Frequently Asked Questions

Ans: Bioplastics Market is anticipated to expand by 18.9 % from 2023 to 2030.

Ans: USD 46377.73 million is expected to grow by 2030.

Ans: Bioplastics Market size was valued at USD 11611 million in 2022

Ans: Europe is dominating the market.

Ans: Rising Utilization of Flexible Packaging and the government's increased focus on sustainability and supportive green procurement rules


1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Bioplastics Market Segmentation, By Product
8.1.1 Polylactic Acid
8.1.2Starch Blends
8.1.3 Polybutylene Adipate Terephthalate (PBAT)
8.1.4 Polybutylene Succinate (PBS)
8.2.2Polyethylene Terephthalate
8.2.4Polytrimethylene Terephthalate

9. Bioplastics Market Segmentation, By Application
9.4Consumer goods
9.5Automotive & Transportation
9.6Building & Construction

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Bioplastics Market by Country
10.2.2North America Bioplastics Market by Product
10.2.3 North America Bioplastics Market by Application
10.2.4 USA USA Bioplastics Market by Product USA Bioplastics Market by Application
10.2.5 Canada Canada Bioplastics Market by Product Canada Bioplastics Market by Application
10.2.6 Mexico Mexico Bioplastics Market by Product Mexico Bioplastics Market by Application
10.3 Europe
10.3.1 Eastern Europe Eastern Europe Bioplastics Market by Country Eastern Europe Bioplastics Market by Product Eastern Europe Bioplastics Market by Application Poland Poland Bioplastics Market by Product Poland Bioplastics Market by Application Romania Romania Bioplastics Market by Product Romania Bioplastics Market by Application Hungary Hungary Bioplastics Market by Product Hungary Bioplastics Market by Application Turkey Turkey Bioplastics Market by Product Turkey Bioplastics Market by Application Rest of Eastern Europe Rest of Eastern Europe Bioplastics Market by Product Rest of Eastern Europe Bioplastics Market by Application
10.3.2 Western Europe Western Europe Bioplastics Market by Country Western Europe Bioplastics Market by Product Western Europe Bioplastics Market by Application Germany Germany Bioplastics Market by Product Germany Bioplastics Market by Application France France Bioplastics Market by Product France Bioplastics Market by Application UK UK Bioplastics Market by Product UK Bioplastics Market by Application Italy Italy Bioplastics Market by Product Italy Bioplastics Market by Application Spain Spain Bioplastics Market by Product Spain Bioplastics Market by Application Netherlands Netherlands Bioplastics Market by Product Netherlands Bioplastics Market by Application Switzerland Switzerland Bioplastics Market by Product Switzerland Bioplastics Market by Application Austria Austria Bioplastics Market by Product Austria Bioplastics Market by Application Rest of Western Europe Rest of Western Europe Bioplastics Market by Product Rest of Western Europe Bioplastics Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Bioplastics Market by Country
10.4.2 Asia Pacific Bioplastics Market by Product
10.4.3 Asia Pacific Bioplastics Market by Application
10.4.4 China China Bioplastics Market by Product China Bioplastics Market by Application
10.4.5 India India Bioplastics Market by Product India Bioplastics Market by Application
10.4.6 Japan Japan Bioplastics Market by Product Japan Bioplastics Market by Application
10.4.7 South Korea South Korea Bioplastics Market by Product South Korea Bioplastics Market by Application
10.4.8 Vietnam Vietnam Bioplastics Market by Product Vietnam Bioplastics Market by Application
10.4.9 Singapore Singapore Bioplastics Market by Product Singapore Bioplastics Market by Application
10.4.10 Australia Australia Bioplastics Market by Product Australia Bioplastics Market by Application
10.4.11 Rest of Asia-Pacific Rest of Asia-Pacific Bioplastics Market by Product Rest of Asia-Pacific APAC Bioplastics Market by Application
10.5 Middle East & Africa
10.5.1 Middle East Middle East Bioplastics Market by Country Middle East Bioplastics Market by Product Middle East Bioplastics Market by Application UAE UAE Bioplastics Market by Product UAE Bioplastics Market by Application Egypt Egypt Bioplastics Market by Product Egypt Bioplastics Market by Application Saudi Arabia Saudi Arabia Bioplastics Market by Product Saudi Arabia Bioplastics Market by Application Qatar Qatar Bioplastics Market by Product Qatar Bioplastics Market by Application Rest of Middle East Rest of Middle East Bioplastics Market by Product Rest of Middle East Bioplastics Market by Application
10.5.2 Africa Africa Bioplastics Market by Country Africa Bioplastics Market by Product Africa Bioplastics Market by Application Nigeria Nigeria Bioplastics Market by Product Nigeria Bioplastics Market by Application South Africa South Africa Bioplastics Market by Product South Africa Bioplastics Market by Application Rest of Africa Rest of Africa Bioplastics Market by Product Rest of Africa Bioplastics Market by Application
10.6 Latin America
10.6.1 Latin America Bioplastics Market by Country
10.6.2 Latin America Bioplastics Market by Product
10.6.3 Latin America Bioplastics Market by Application
10.6.4 Brazil Brazil Bioplastics Market by Product Brazil Africa Bioplastics Market by Application
10.6.5 Argentina Argentina Bioplastics Market by Product Argentina Bioplastics Market by Application
10.6.6 Colombia Colombia Bioplastics Market by Product Colombia Bioplastics Market by Application
10.6.7 Rest of Latin America Rest of Latin America Bioplastics Market by Product Rest of Latin America Bioplastics Market by Application

11 Company Profile
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Toyota Tsusho Corporation
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Avantium
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 PTT MCC Biochem Co., Ltd.
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 An Phat Holdings
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 NatureWorks LLC
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 SABIC
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 BASF SE
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Futerro
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Trinseo S.A.
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Braskem
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 Total Corbion PLAIR
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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