The Bioplastic And Biopolymer Market is estimated at USD 16.8 billion by 2024. The market valuation is expected to be USD 98 billion by 2034, registering a staggering CAGR of 19.3%.
The market is witnessing robust growth as the global focus intensifies on sustainable and eco-friendly alternatives. Bioplastics are derived from renewable resources such as corn, sugarcane, and algae, offering a greener alternative to traditional petroleum-based plastics.
Biopolymers, a subset of bioplastics, encompass a diverse range of natural polymers like starch, cellulose, and proteins. The market is driven by increasing environmental awareness, government regulations promoting sustainable practices, and a growing consumer demand for eco-friendly products.
Bioplastics and biopolymers exhibit biodegradability and reduced carbon footprint, addressing concerns associated with conventional plastics.
Key players invest in research and development to enhance product performance and broaden application areas, ranging from packaging to automotive components. As the demand for sustainable solutions continues to rise, the market is poised for further expansion.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Market Estimated Size in 2024 | USD 16.8 billion |
| Projected Market Size in 2034 | USD 98 billion |
| Value-based CAGR from 2024 to 2034 | 19.3% |
The scope for global bioplastic and biopolymer market insights expanded at a 23.3% CAGR between 2019 and 2023. The market is anticipated to develop at a CAGR of 19.3% over the forecast period from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 23.3% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 19.3% |
Between 2019 and 2023, the global market exhibited a significant growth trajectory, expanding at an impressive CAGR of 23.3%. This surge reflects a heightened adoption of sustainable practices driven by increasing environmental awareness, stringent regulations, and a growing preference for eco-friendly alternatives.
The historical analysis of the market underscores robust development and the emergence of bioplastics and biopolymers as key players in the broader materials industry.
The market forecast from 2024 to 2034 anticipates continued growth, albeit at a slightly moderated CAGR of 19.3%. This projection aligns with the ongoing global commitment to sustainability and the escalating demand for environmentally friendly solutions.
Factors such as technological advancements, diversified applications, and a sustained focus on reducing carbon footprints are expected to sustain the momentum of the market, marking the next decade as a pivotal period for the widespread integration of bioplastics and biopolymers across various industries.
| Attributes | Details |
|---|---|
| Drivers |
|
The presented table highlights the CAGRs led by five key countries, with the United States, Japan, China, the United Kingdom, and South Korea taking the forefront.
South Korea emerges as a dynamic and rapidly advancing market, projecting substantial growth with an impressive 22.1% CAGR expected by 2034. Renowned for its commitment to innovation, the country plays a pivotal role across diverse industries, exemplifying a flourishing economic landscape in its ongoing evolution.
The substantial CAGR underscores the proactive stance of South Korea in adopting and driving market advancements, positioning itself as a significant contributor to the global sustainable materials industry.
| Countries | CAGR by 2034 |
|---|---|
| The United States | 19.6% |
| Japan | 21.1% |
| China | 19.9% |
| The United Kingdom | 20.6% |
| South Korea | 22.1% |
In the United States, the robust market growth is driven by a combination of environmental consciousness and stringent regulations. As a global economic powerhouse, the United States has witnessed a significant shift toward sustainable practices, with businesses prioritizing the adoption of bioplastics to meet consumer expectations and comply with regulatory requirements.
The market growth is further propelled by technological innovations and a strong emphasis on reducing carbon footprints, making bioplastics a preferred choice in various industries, including packaging, automotive, and consumer goods.
The notable CAGR in the market can be attributed to the commitment to technological advancements and sustainable initiatives of the country. With a mature industrial landscape, Japan highly values eco-friendly solutions.
The automotive industry, a key player in bioplastics, is driving market growth through innovations in lightweight materials for fuel efficiency. Consumer demand for sustainable packaging and governmental support for green technologies contribute to the strong trajectory of the market in Japan.
The rapid CAGR in the market reflects the proactive approach toward sustainable development and a circular economy of the nation. The government of China focuses on environmental conservation and green manufacturing has spurred the widespread adoption of bioplastics across various industries.
With a massive consumer base, the demand for sustainable products has increased, leading businesses to integrate bioplastics into their operations. The position of China as a manufacturing hub also amplifies the impact of its bioplastic market growth on a global scale.
The United Kingdom exhibits a notable CAGR in the market due to regulatory initiatives, consumer awareness, and corporate sustainability commitments. Stringent regulations, especially in packaging, have pushed businesses to explore greener alternatives.
A conscientious consumer base and the influence of sustainability-focused corporate policies contribute to the growing adoption of bioplastics. The commitment of the United Kingdom to reducing plastic waste and promoting sustainable practices positions bioplastics as a key player in the material landscape of the nation.
The exceptional CAGR in the market can be attributed to the technological prowess and strategic emphasis on sustainable innovation in the nation. With a thriving manufacturing sector, South Korea has quickly adopted bioplastics, especially in the automotive and electronics industries.
Government support for green technologies and a strong emphasis on corporate responsibility have further fueled the rapid growth of the bioplastic market in the country.
The table below provides an overview of the bioplastic and biopolymer landscape on the basis of type and end-use. Biodegradable type is projected to lead the type of market at an 18.9% CAGR by 2034, while packaging in the end user category is likely to expand at a CAGR of 18.7% by 2034.
A heightened global environmental consciousness primarily drives the projected dominance of biodegradable types in the market. Governments and regulatory bodies worldwide are implementing stringent measures to reduce single-use plastics and encourage the adoption of environmentally friendly packaging solutions.
| Category | CAGR from 2024 to 2034 |
|---|---|
| Biodegradable | 18.9% |
| Packaging | 18.7% |
The biodegradable type is anticipated to spearhead market growth, demonstrating a robust 18.9% CAGR by 2034.
This projection underscores a prevailing emphasis on environmentally friendly solutions, as biodegradable bioplastics align with global efforts to mitigate the environmental impact of traditional plastics.
The end-user category of packaging emerges as a pivotal driver, with an anticipated CAGR of 18.7% by 2034. A significant shift in regulatory frameworks favoring sustainable packaging practices influences this growth trajectory.
The increasing demand for eco-friendly and recyclable packaging materials aligns with regulatory requirements and consumer preferences, positioning packaging as a key sector propelling the market expansion.
The competitive landscape of the bioplastic and biopolymer market is characterized by a diverse array of players vying for market share and prominence. Key industry participants include established multinational corporations and emerging players, contributing to the market dynamism.
Established companies often leverage their experience, financial strength, and extensive distribution networks to maintain a competitive edge. Meanwhile, newer entrants focus on innovation and niche segments to carve a niche in the market.
Research and development investments play a pivotal role as companies strive to enhance the performance and versatility of bioplastics and biopolymers, addressing specific industry demands.
As the industry continues to evolve, market players are anticipated to intensify their efforts in research, development, and strategic collaborations to maintain a competitive stance in the rapidly growing and environmentally conscious market.
Some of the key developments are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 16.8 billion |
| Projected Market Valuation in 2034 | USD 98 billion |
| CAGR Share from 2024 to 2034 | 19.3% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Market Segments Covered | By Type, By End-use, By Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC |
| Key Companies Profiled | NatureWorks; Braskem; BASF; Total Corbion; Novamont; Biome Bioplastics; Mitsubishi Chemical Holding Corporation; Biotec; Toray Industries; Plantic Technologies |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 22: Europe Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 23: Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 24: Europe Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 28: East Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 29: East Asia Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 30: East Asia Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 34: South Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 35: South Asia Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 36: South Asia Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: Oceania Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: Oceania Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 40: Oceania Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 41: Oceania Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 42: Oceania Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: MEA Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: MEA Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 46: MEA Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 47: MEA Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 48: MEA Market Volume (Tons) Forecast by End-Use Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Europe Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 67: Europe Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 70: Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: East Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 85: East Asia Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 89: East Asia Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 103: South Asia Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: Oceania Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 121: Oceania Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Type, 2024 to 2034
Figure 125: Oceania Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: MEA Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 139: MEA Market Volume (Tons) Analysis by End-Use Industry, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 142: MEA Market Attractiveness by Type, 2024 to 2034
Figure 143: MEA Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
By 2024, the bioplastic and biopolymer landscape is estimated to be valued at USD 16.8 billion.
The Bioplastic and biopolymer market is projected to flourish at a CAGR of 19.3% from 2024 to 2034.
By 2034, the bioplastic and biopolymer market will generate USD 98 billion in value terms.
The biodegradable segment is anticipated to expand at 18.9% CAGR by 2034.
With a CAGR of 22.1%, South Korea is expected to dominate the market for bioplastic and biopolymers.
Explore Similar Insights
Bioplastic and Biopolymer Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
