The biopolymers and bioplastic market is forecasted to grow by USD 120 billion during 2023-2028, accelerating at a CAGR of 18.54% during the forecast period. The report on the biopolymers and bioplastic market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of bio-based and renewable raw materials, growing prominence of bioplastics and biopolymers, and government emphasis on use of biopolymers and efficient plastic waste management.
Technavio's biopolymers and bioplastic market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
15.2%
CAGR
18.54%
Incremental Value
$120bn
By End-user
Packaging
Consumer goods
Others
By Type
Bio-PE
Bio-PET
PLA
Biodegradable starch blends
Others
By Geography
Europe
APAC
North America
South America
Middle East and Africa
This study identifies the focus on sustainable production as one of the prime reasons driving the biopolymers and bioplastic market growth during the next few years. Also, availability of cost-effective bio-based raw materials and changing consumer preference toward eco-friendly packaging will lead to sizable demand in the market.
The report on the biopolymers and bioplastic market covers the following areas:
Biopolymers and bioplastic market sizing
Biopolymers and bioplastic market forecast
Biopolymers and bioplastic market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biopolymers and bioplastic market vendors that include AGRANA Beteiligungs AG, AKRO PLASTIC GmbH, Arkema SA, BASF SE, Biome Bioplastics Ltd., Biotec GmbH Co. and KG, Braskem SA, Carbiolice, Cardia Bioplastics, Cargill Inc., Fkur Kunststoff GmbH, Futerro SA, Green Dot Bioplastics Inc., Ingevity Corp., Mitsubishi Chemical Group Corp., Novamont S.p.A., Plantic Technologies Ltd., TianAn Biologic Materials Co. Ltd., Toray Industries Inc., and TotalEnergies SE. Also, the biopolymers and bioplastic market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Biopolymers And Bioplastic Market 2018 - 2022
Historic Market Size - Data Table on Global Biopolymers And Bioplastic Market 2018 - 2022 ($ billion)