Global Bioplastic Market will cross USD 6.48 Billion by 2027

Market Highlights

Bioplastics Market is expected to grow USD 6.48 billion at a 10% during the forecast period (2021-2027).

Globally, the market for Bioplastic market is increasing due to various industries such as packaging, consumer goods, automotive industry and others. The growing segment is packaging due to Government’s drive towards achieving a ‘zero waste’ economy, through reducing waste and increasing recycling, has fostered an increased consciousness of resource efficiency. This awareness has indirectly promoted the use of bioplastic products.

As per analysis, emerging economies like China, U.S and are increasing productions with rise in use of Bioplastic. APAC has seen as key market player in economy followed by North America, Europe and Row.

Regional Analysis 

“Asia-Pacific is projected to be the largest market during the forecast period”

Geographically, Asia-Pacific is expected to be the largest market for Bioplastic accounting more than XX% of the total market. This share is contributed more towards growth of emerging economies, cheap labor cost in APAC and economical material used for production process..

Scope of the study

The scope of the study categorizes the Bioplastic market as type, and application.

By Type

• Bio-PE


• Bio-PET


• Regenerated Cellulose


• Poly Hydroxyalkonoates

By Source

• Sugar


• Grains


• Beets


• Cane


• Others

By Application

• Packaging


• Automotive


• Consumer Goods


• Agriculture


• Others

Key Player

The key players of Bioplastic market report BASF SE, Braskem S.A., Corbion NV, Metabolix Inc., Bio-On S.P.A., Novamont S.P.A, Toray Industries, Plantic Technologies Ltd, Natureworks LLC, Evonik Industries, and Arkema.

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Read More Related Article - Bioplastics Market