Global Bioplastics & Biopolymers Market to Reach USD 45.04 Billion by 2030

Rising demand for sustainable materials drives global market growth

Driven by stricter environmental regulations and rising sustainability demand, the bioplastics and biopolymers market is projected to grow at a CAGR of 20.07%, reaching USD 45.04 billion by 2030.

The bioplastics and biopolymers market is set for rapid expansion, projected to grow from USD 17.58 billion in 2025 to USD 45.04 billion by 2030, registering a CAGR of 20.07%, according to a recent report by MarketsandMarkets.

The report highlights that growth is primarily driven by environmental awareness, government restrictions on single-use plastics, and rising consumer demand for sustainable alternatives. Technological advancements are enhancing the performance and cost-efficiency of biodegradable polymers, increasing their use in packaging, automotive, agriculture, and consumer goods sectors.

Key market players include NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A (Italy), and Biome Bioplastics Limited (UK).

📄 Source: MarketsandMarkets, “Bioplastics & Biopolymers Market by Product Type, End-use Industry, Raw Material, and Region – Global Forecast to 2030.”