Biopolymers and Bioplastics Market

• The increasing popularity of eco-friendly packaging is driving the market growth

Consumers all across the globe are now aware of the side effects caused by plastics on the environment. Traditional plastics, which are mainly part of society, require a very long time to separate and degrade along with the time, and they lie in landfill for a significant time.Countering this problem, these biodegradable plastics and polymers are quickly separated, disposed of, and retained through recycling into the normal framework—moreover, the peace of the decay of biodegradable and biopolymer plastics.The exercise of microorganisms is far swifter than the traditional plastics.This factor drives the market CAGR in the forecast period.

Additionally, the market for bioplastics and biopolymers is primarily driven by rising demand for plastic convenience and quality food products, the rising urban population, which increases food adoption, rising consumption of processed or stored food and packaged food for consumers around the world, growing disposable income of eatable food, and multi-functionality of packaging. Packaging is one of the end-use industries that dominate the bioplastics and biopolymers market. Bioplastics, particularly biodegradable bioplastics, are becoming more popular as a replacement for conventional plastics due to environmental concerns.

Bioplastics are increasingly used in bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service containers. Furthermore, the market is expected to grow due to rising demand for packaged foods, innovation and development in bio-plastic packaging, rising consumer concerns about their health, and rising packaging capacity of packaging food owners on durable food products. Changing consumer lifestyles in developed countries, growing pharmaceutical, food, and other industries, and new product development in bioplastics and biopolymers products are expected to drive the Biopolymers & Bioplastics market revenue during the forecast period.

The University of California, University of Rochester, University of Rhode Island, biologist Ryan Freedman located in the Channel Islands National Marine Sanctuary, and Mango Materials company are all working together in October 2022 to develop biodegradable plastics meant for ocean degradation. This process is based on the utilization of biopolymer polyhydroxy butyrate (PHB), a naturally occurring polyester that is derived from carbon-assimilating microorganisms.

The Global Biopolymers and Bioplastics Market Industry is poised for substantial growth, with projections indicating a market value of 23.1 USD Billion in 2024 and an anticipated increase to 36.6 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.27% from 2025 to 2035. Such figures reflect the increasing adoption of biopolymers and bioplastics across various sectors, driven by environmental concerns, technological advancements, and changing consumer preferences. The market's expansion is indicative of a broader transition towards sustainable materials, highlighting the potential for bioplastics to play a crucial role in future manufacturing and consumption patterns.

Technological innovations play a pivotal role in the Global Biopolymers and Bioplastics Market Industry, enhancing production processes and material properties. Advances in biotechnology and polymer science are leading to the development of high-performance biopolymers that can compete with traditional plastics. For example, breakthroughs in fermentation technology enable the efficient conversion of biomass into bioplastics. These advancements not only improve the functionality of bioplastics but also reduce production costs, making them more accessible. As a result, the market is expected to grow at a CAGR of 4.27% from 2025 to 2035, indicating a robust future for biopolymer applications across various sectors.

The Global Biopolymers and Bioplastics Market Industry is experiencing a surge in demand driven by increasing environmental awareness among consumers and businesses. As plastic pollution becomes a pressing global issue, stakeholders are seeking sustainable alternatives. Biopolymers and bioplastics, derived from renewable sources, offer a viable solution. For instance, the market is projected to reach 23.1 USD Billion in 2024, reflecting a shift towards eco-friendly materials. Governments worldwide are implementing regulations to reduce plastic waste, further propelling the adoption of bioplastics. This trend indicates a significant transformation in consumer preferences, as the industry aligns with sustainability goals.

The Global Biopolymers and Bioplastics Market Industry is witnessing increased demand from various end-use sectors, including packaging, automotive, and consumer goods. The packaging industry, in particular, is a major driver, as companies seek sustainable solutions to meet consumer preferences for eco-friendly products. Bioplastics are increasingly being utilized in food packaging, where they offer biodegradability and reduced carbon footprints. This trend is evident as major brands commit to using bioplastics in their packaging strategies. The growing demand from these industries is expected to propel the market forward, reflecting a broader shift towards sustainability in manufacturing practices.

Government policies and regulations are significantly influencing the Global Biopolymers and Bioplastics Market Industry. Many countries are implementing stringent regulations to curb plastic usage and promote sustainable alternatives. For instance, the European Union has set ambitious targets for reducing single-use plastics, which encourages the adoption of bioplastics. Additionally, various governments are providing incentives for research and development in biopolymer technologies. This supportive regulatory environment is likely to foster innovation and investment in the sector, contributing to the market's projected growth to 36.6 USD Billion by 2035. Such initiatives create a favorable landscape for bioplastics, aligning economic growth with environmental sustainability.

Consumer behavior is evolving, with a marked preference for sustainable products influencing the Global Biopolymers and Bioplastics Market Industry. As awareness of environmental issues rises, consumers are actively seeking products that minimize ecological impact. This shift is prompting manufacturers to incorporate biopolymers and bioplastics into their offerings. For instance, brands that prioritize sustainability are gaining market share, as consumers are willing to pay a premium for eco-friendly products. This trend is likely to drive the market's growth, as the industry adapts to meet changing consumer expectations and aligns with broader sustainability goals.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Biopolymers & Bioplastics Market area will dominate this market; this is due because the regional market is a major hub for plastic and plastic compound manufacturers across the globe, with the involvement of numerous key industry participants across the Region. Moreover, China’s Biopolymers & Bioplastics market held the largest market share, and the Indian Biopolymers & Bioplastics market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: GLOBAL BIOPOLYMERS & BIOPLASTICS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's Biopolymers & Bioplastics market accounts for the second-largest market share due to the growing number of government interventions, such as REACH and EPA. Further, the German Biopolymers & Bioplastics market held the largest market share, and the UK Biopolymers & Bioplastics market was the fastest-growing market in the European Region.

North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growth of the regional markets is mainly attributed to the presence of multinational companies in the Region that are seen to be making heavy investments in research & development activities to develop high-grade, durable, and economic bio-based plastic products.

Leading market players are investing heavily in research and development to expand their product lines, which will help the biopolymers & bioplastics market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Biopolymers & Bioplastics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Biopolymers & Bioplastics industry to benefit clients and increase the market sector. The Biopolymers & Bioplastics industry has offered some of the most significant medical advantages in recent years. Major players in the Biopolymers & Bioplastics market, includingBASF 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),Plantic Technologies Limited (Australia),SKYi Composites (India)., and others, are attempting to increase market demand by investing in research and development operations.

Nature Works LLC is an international company that manufactures bioplastics—polymers derived entirely from plant resources—as an alternative to conventional plastic made from petroleum.Nature Works agreed with ABB technology to automate a new bioplastics plant in Thailand. The advancements aim to expand the production capacity of polylactic acid (PLA) to cater to the growing industry demand for sustainable materials.

Braskem is contributing to the value chain to strengthen the Circular Economy. Its more than 8.000 team members are dedicated to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. Braskem is globally headquartered in Brazil, and its EMEA head office is based in Rotterdam – NL.

There are more than 41 industrial units in Brazil, the United States, Mexico, and Germany, exporting its products to clients in over 80 countries. Braskem and Ledesma (Argentina), makers of regular agro-industrial items, have teamed up to convey Ledesma + Bio, a line of 100 percent sustainable journals made completely of sugarcane. Such drives are supposed to take special care of the bioplastics and biopolymers market requirements.

Leading global diversified chemical company LG Chem (KRX: 051910) said today that it has signed a memorandum of understanding with ADM (NYSE: ADM), a global leader in nutrition and bio solutions, to explore US-based production of lactic acid to meet the growing demand for a wide variety of plant-based products including bioplastics.

Under an agreement signed at ADM’s global headquarters in Chicago by ADM Chairman and CEO Juan Luciano and LG Chem Vice Chairman and CEO Hak Cheol Shin, LG Chem Co., Ltd., will take steps toward launching a joint venture with wholly-owned subsidiary Archer Daniels Midland Company (“ADM”) early next year aimed at building, owning and operating a corn-based high purity lactic acid facility on commercial scale in the US.