Global Bioplastics Market Size & Outlook, 2022-2030
Global bioplastics market, 2018-2030 (US$M)
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Global bioplastics market highlights
- The global bioplastics market generated a revenue of USD 11,592.2 million in 2022 and is expected to reach USD 44,773.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 18.4% by 2030.
- In terms of segment, biodegradable accounted for a revenue of USD 6,093.3 million in 2022.
- Biodegradable is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 11,592.2 million |
| Market revenue in 2030 | USD 44,773.1 million |
| Growth rate | 18.4% (CAGR from 2022 to 2030) |
| Largest segment | Biodegradable |
| Fastest growing segment | Biodegradable |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biodegradable, Non-Biodegradable |
Other key industry trends
- In terms of revenue, the North America accounted for 28.4% of the global bioplastics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 2,021.7 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bioplastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bioplastics market will help companies and investors design strategic landscapes.
Biodegradable was the largest segment with a revenue share of 52.56% in 2022. Horizon Databook has segmented the Global bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing concerns regarding toxic issues pertaining to petrochemicals along with the depleting crude oil reserves have been driving the development of bio-based polymers. Regulations by most governments restricting the consumption of petroleum-based plastics in certain applications such as food packaging and medical devices are expected to further incentivize bioplastics production in plastics industry.
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Target buyers of Global bioplastics market databook
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Our clientele includes a mix of bioplastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global bioplastics market , including forecasts for subscribers. This global databook contains high-level insights into Global bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global bioplastics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Bioplastics market size, 2022 (US$M)
Global bioplastics market share, by product, 2022 & 2030 (%, US$M)
Bioplastics market: Opportunity assessment by country
Global bioplastics market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,082.6 | 2,383.4 | 2,612.9 | 2,908.7 | 3,295.8 | 3,803.3 | 4,427.2 | 5,263.0 | 6,174.1 | 7,389.9 | 8,882.8 | 10,713.3 | 12,942.8 | 18.7% |
| Europe | 3,267.7 | 3,722.2 | 4,060.1 | 4,497.8 | 5,072.7 | 5,827.1 | 6,753.5 | 7,914.4 | 9,313.7 | 11,049.5 | 13,164.2 | 15,737.9 | 18,842.9 | 17.8% |
| Asia Pacific | 1,412.9 | 1,627.5 | 1,840.2 | 2,110.3 | 2,373.3 | 2,742.3 | 3,202.0 | 3,774.7 | 4,481.0 | 5,444.7 | 6,575.5 | 7,939.5 | 9,602.9 | 19.1% |
| Latin America | 369.7 | 427.7 | 456.6 | 517.8 | 596.0 | 698.9 | 827.8 | 992.1 | 1,192.6 | 1,441.1 | 1,748.7 | 2,129.6 | 2,605.3 | 20.3% |
| MEA | 184.5 | 215.3 | 213.9 | 208.8 | 254.5 | 303.5 | 365.4 | 461.2 | 544.8 | 589.2 | 642.4 | 705.6 | 779.2 | 15.0% |
| Overall | 7,317.4 | 8,376.1 | 9,183.6 | 10,243.4 | 11,592.2 | 13,375.2 | 15,575.9 | 18,405.4 | 21,706.2 | 25,914.5 | 31,013.7 | 37,225.8 | 44,773.2 | 18.4% |
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