The global bioplastics market is expected to surge from $6.3bn in 2025 to $15.6bn by 2035, with a compound annual growth rate (CAGR) of 9.5%. This growth is driven by global environmental priorities, regulatory changes, and increasing demand for sustainable materials. The European Union is leading the way with a CAGR of 5.5%, followed by the US at 5.2%, Japan at 4.3%, and South Korea at 4.9%. Government regulations, such as the EU’s Single-Use Plastics Directive, are promoting the shift towards bioplastics. Companies are also replacing traditional plastics with biodegradable packaging to meet sustainability targets and consumer expectations. The cost of biodegradable plastics is decreasing due to increased investment in research and development, improved production processes, and scaled production capacities. As a result, the global bio-based biodegradable plastic market is expected to continue growing, with large companies investing in renewable resources such as sugarcane and vegetable oils. The market is anticipated to become increasingly competitive as manufacturers invest in R&D, expand production capacity, and form strategic partnerships to meet rising demand.
The global bioplastic market is projected to reach a value of US$15.6 billion by 2035.
