Exploring Global Bioplastic Market Trends: Share and Size Analysis for 2028

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A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Bioplastic Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Global Bioplastic Market Definition:

Bioplastics are resources made from organic matter, such as vegetables & starch, rather than focusing on petroleum-based alternatives. As conventional plastic is highly non-biodegradable & is a major cause of pollution of land & sea, the consumer goods & packaging industry is slowly shifting towards organic plastic products to cope with the environmental challenges.

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Global Bioplastic Market Insights:

The Global Bioplastic market is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28.

Global Bioplastic Market Driver:

Growing Consumer Awareness Towards Sustainable Packaging Products:  Consumers are becoming more health-conscious & adopting sustainable practices in terms of their purchase decisions, which is being reflected in the growing demand for sustainable & green products across the globe. Bioplastics cause less harm & are easily biodegradable, due to which the customers are inclining more towards sustainable packaging of products which has induced the need for these resources & resulted in the growth of the respective market. The growing popularity of reusable & biodegradable alternatives, such as bamboo straws, glass water bottles, cloth bags, etc., among consumers has again benefitted the market through an enhanced avenue of expansion.

Moreover, the consumer’s perception of these resources has also changed due to the COVID-19 pandemic in 2020. With the increased focus on sustainability, cleanliness, and others, consumers have become more conscious in terms of their purchases & selecting environment-friendly products with keen observation, especially in developed & fast-developing economies. Therefore, the improved awareness among individuals would expand the adoption of bioplastic-based products in the coming years, thereby pushing market expansion in the ensuing years.

Global Bioplastic Market Leading Key Players:

Novamont S.p.A, Arkema S.A., Matrica S.p.A., Solvay S.A., NatureWorks LLC, Total Corbion PLA bv, PTT MCC Biochem Co. Ltd, Roquette Feres, Avantium, Toray Industries Inc., LyondellBasell Industries Holding B.V., BASF SE, BioApply, Braskem, Biofase, Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries

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Global Bioplastic Market Segmentation:

Based on Product Type

– Biodegradable

— Polylactic Acid

— Cellulose Film

— Starch Blend

— Polybutylene Adipate Terephthalate (PBAT)

— Polybutylene Succinate (PBS)

— Others

– Non-Biodegradable

— Polyethylene

— Polyethylene Terephthalate

— Polyamide

— Polytrimethylene Terephthalate

— Others

Based on Raw Material

– Sugarcane

– Potato

– Corn Starch

– Switch grass

– Vegetable Oil

– Cassava

– Wheat

– Others

Based on End-User

– Packaging

— Rigid Packaging

— Flexible Packaging

– Agriculture

– Consumer Goods

– Automotive & Transport

– Agriculture & Horticulture

– Electrical & Electronics

– Textiles

– Others (Building & Construction, coatings & adhesives, etc.)

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Global Bioplastic Market Geographical Analysis

By Region

– North America

– South America

– Europe

– The Middle East & Africa

– Asia Pacific

Recent Development of Global Bioplastic Market:

2023: Solvay S.A. launched ISCC PLUS certified mass balance hydroquinone & hydroquinone monomethyl ether as raw materials in epoxy & polyester coatings, etc. Products are produced to manage the polymer, coating, adhesive, pharmaceutical, and agrochemical businesses’ demand for enhanced sustainability, environmental-friendly feedstock, and a lower carbon footprint.

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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