From GlobeNewswire: 2025-05-02 09:30:00

The Bioplastics & Biopolymers Market is expected to reach USD 90.29 billion by 2032, with a CAGR of 24.14% from 2024 to 2032. The growth is fueled by global policy shifts towards carbon neutrality and circular economy models, along with increased investments in bio-based alternatives across industries.

The United States market size for bioplastics is projected to grow from USD 2.29 billion in 2023 to USD 16.68 billion by 2032, driven by a strong manufacturing infrastructure, supportive regulatory frameworks, and rising consumer demand for sustainable products. Government initiatives like the USDA BioPreferred Program are also encouraging the adoption of bio-based materials.

Key players in the bioplastics market include BASF SE, Evonik Industries AG, Dow Chemical Company, and more, contributing to the growth of sustainable alternatives to traditional plastics. The market scope includes segments like biodegradable and non-biodegradable products, with applications in packaging, consumer goods, textiles, and more.

Asia Pacific dominates the bioplastics market, holding around 46% market share in 2023, due to robust manufacturing capabilities and government support for biodegradable materials. Countries like China, India, and Japan are actively promoting bio-based plastics through regulations and incentives, leading to increased adoption in various industries.

Bio-based plasticizers accounted for 68% market share in 2023, driven by their eco-friendly nature and growing demand in packaging and consumer goods. These sustainable alternatives are gaining traction over traditional phthalate plasticizers due to health and environmental concerns, with projected rapid growth in demand across North America, Europe, and Asia-Pacific.

In the agriculture & horticulture segment, bioplastics are extensively used for sustainable farming solutions and environmentally friendly alternatives to conventional plastics. With applications in mulch films, seedling trays, and greenhouse clips, biodegradable biopolymers like PLA and starch blends are increasingly favored for their eco-friendly properties and compostability.



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