Algae-based Bioplastics Market To Reach $146.2 Million By 2030

Algae-based Bioplastics Market Growth & Trends

The global algae-based bioplastics market size is anticipated to reach USD 146.2 million by 2030 and is anticipated to expand at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. Environmental concerns and regulations are the significant driving factors, propelling the growth of the algae-based bioplastics market. As governments worldwide implement stricter policies against single-use plastics and mandate reduced carbon footprints, companies are seeking sustainable alternatives. For instance, the European Union's Single-Use Plastics Directive has accelerated the adoption of biodegradable packaging solutions, with companies such as PlantSea creating algae-based flexible films for dry product packaging, addressing both regulatory compliance and consumer demand for eco-friendly products.

Consumer awareness and changing preferences represent another critical market driving factor for the market. The growing segment of environmentally conscious consumers is willing to pay premium prices for sustainable packaging and products. In addition, technological advancements and scalability improvements are rapidly expanding market potential. Recent innovations in cultivation systems and extraction methods have significantly reduced production costs, making algae-based bioplastics more competitive with conventional plastics.

Strategic partnerships across industries are accelerating market growth and application diversity. The collaboration between packaging companies and algae technology companies demonstrates how established manufacturers are incorporating algae-based materials into mainstream products. These cross-industry partnerships not only drive innovation but also help establish the necessary supply chains for wider commercial adoption.

North America maintains a considerable market share due to substantial investments in algae biotechnology and strong environmental regulations. Europe represents the moderate growth in market for algae-based bioplastics, driven by the EU's comprehensive regulatory framework targeting plastic reduction and circular economy initiatives. The Asia Pacific region dominates the market and it offers the largest growth potential, combining abundant natural resources with increasing industrial capacity.

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Algae-based Bioplastics Market Report Highlights

• The polyethylene (PE) segment accounted for the largest share of over 42.0% of the market in 2024 and is expected to grow at the fastest CAGR of 6.2% during the forecast period.

• Based on the application, the packaging segment dominated the market in 2024 by accounting for the largest revenue share of over 43.0% and is projected to grow at the fastest CAGR of 6.1% over the forecast period of 2025 to 2030.

• Asia Pacific dominated the market space by registering the largest revenue market share of over 43.0% in 2024 and is anticipated to grow at the fastest CAGR of 6.1% during the forecast period.

Algae-based Bioplastics Market Segmentation

Grand View Research has segmented the global algae-based bioplastics market based on product type, application, and region:

Algae-based Bioplastics Product Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

• Polylactic Acid (PLA)

• Polyhydroxyalkanoates (PHA)

• Others

Algae-based Bioplastics Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Textiles and Fibers

• Automotive

• Agriculture

• Cosmetics and Personal Care

• Others

Algae-based Bioplastics Region Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Algae-based Bioplastics Market

• Notpla Limited

• Algix LLC

• Lifeasible

• Evoware

• BZEOS

• FLEXSEA

• BLOM

• Eranova

• Sway Innovation Co.

• ALGBIO

• PT Seaweedtama Biopac Indonesia