The horticulture bioplastic market is growing rapidly, driven by the need for sustainable agricultural practices and government policies promoting renewable resources. The global market is valued at USD 10.55 billion in 2023 and is projected to grow to USD 62.7 billion by 2033, with a compound annual growth rate (CAGR) of 21.9%. The market is driven by factors such as environmental sustainability, enhanced crop performance, technological advancements, consumer demand for sustainable products, and government incentives. Bioplastics are derived from renewable resources and are designed to degrade over time, reducing plastic waste and soil contamination.
The market is segmented by product type, raw material, application, degradation type, end-use, and distribution channel. Leading players are focusing on innovation, R&D, and strategic collaborations to develop new products and applications. The industry is expected to transform traditional farming practices, contributing to a greener and more sustainable future for agriculture.