Biopolymers & Bioplastics Market is predicted to reach USD 32.30 billion at a CAGR of 4.90% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Biopolymers & Bioplastics Market” that contains information from 2018 to 2032. The Biopolymers & Bioplastics market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Biopolymers & Bioplastics market— BASF SE (Germany), Arkema (France), Braskem (Brazil), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), Mitsubishi Chemical Corporation (Japan), United Biopolymers (US), NatureWorks Inc. (US), and Plantic Technologies Limited (Australia).

Market Highlights

The global Biopolymers & Bioplastics market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 32.30 billion by 2032.

The biopolymers and bioplastics market encompasses the global industry for renewable and biodegradable polymers derived from biological sources. These eco-friendly alternatives to traditional plastics are used in packaging, agriculture, automotive, and various other applications, driven by growing environmental concerns and sustainability efforts.

Segment Analysis

The global Biopolymers & Bioplastics market has been segmented on based Type, Non-Biodegradable and End Use.

On the basis of Type, the market is segmented into biodegradable (Polylactic Acid (PLA)), starch blends, polybutylene adipate terephthalate (PBAT), and polyhydroxyalkanoate (PHA). Due to the increased reliance of businesses and customers on environmentally friendly solutions to satisfy their everyday demands, the biodegradable (Polylactic Acid (PLA)) segment led the market.

Based on Non-Biodegradable, the global Biopolymers & Bioplastics market has been segmented into Bio-PE, Bio-PA, Bio-PET, Bio-PTT, and Others. The Bio-PE category dominated the market, and it is predicted that this segment would continue to expand as market factors such as lifestyle and customer perception of the growing demand for environmentally friendly alternatives change.

Based on End Use, the global Biopolymers & Bioplastics market has been segmented into ackaging, consumer goods, automotive & transportation, textiles, agriculture & horticulture, and others. The market was led by the packaging sector, and it is projected that rising e-commerce dependence among consumers worldwide will lead to increased demand for rigid and flexible packaging made of bioplastics and other biopolymer-based materials.

Regional Analysis

The global Biopolymers & Bioplastics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Biopolymers & Bioplastics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Biopolymers & Bioplastics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Biopolymers & Bioplastics market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Biopolymers & Bioplastics Market dominated this market in 2022. This is because, with the participation of multiple important industrial players from around the Region, the regional market serves as a significant centre for manufacturers of plastic and plastic compounds throughout the world.

Additionally, The market for biopolymers and bioplastics in Europe holds the second-largest market share as a result of an increase in governmental interventions like REACH and EPA. Additionally, the UK's market for biopolymers and bioplastics grew at the quickest rate in the European Region, while Germany's market held the biggest market share.

Moreover, From 2023 to 2032, North America is anticipated to experience the fastest CAGR growth. The presence of multinational corporations in the region, who are seen to be heavily investing in research and development operations to develop high-quality, long-lasting, and affordable bio-based plastic products, is largely responsible for the expansion of the regional markets.

Key Findings of the Study

• The global Biopolymers & Bioplastics market is expected to reach USD 32.30 billion by 2032, at a CAGR of 4.90% during the forecast period.


• The Asia-Pacific Biopolymers & Bioplastics Market dominated this market in 2022. This is because, with the participation of multiple important industrial players from around the Region, the regional market serves as a significant centre for manufacturers of plastic and plastic compounds throughout the world.


• Based on Non-Biodegradable, The Bio-PE category dominated the market, and it is predicted that this segment would continue to expand as market factors such as lifestyle and customer perception of the growing demand for environmentally friendly alternatives change.


• BASF SE (Germany), Arkema (France), Braskem (Brazil), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), Mitsubishi Chemical Corporation (Japan), United Biopolymers (US), NatureWorks Inc. (US), and Plantic Technologies Limited (Australia).