The bioplastic market is expected to grow from $15.5 billion in 2024 to $34 billion by 2034, with a compound annual growth rate (CAGR) of 8.1% from 2025 to 2034. A new report from Exactitude Consultancy, Ltd. provides an in-depth analysis of the market, including its growth prospects, key players, and market segmentation.
The report highlights the increasing demand for bioplastics due to their biodegradable and compostable properties, as well as the growing awareness of environmental concerns. It also identifies key segments, including starch-based bioplastics, PLA (polylactic acid), PHA (polyhydroxyalkanoates), and bio-based polyethylene.
The report also provides insights into the competitive landscape, including the strategies of major players such as BASF SE, NatureWorks LLC, Novamont S.p.A., and Eastman Chemical Company. The report is available in multiple languages, including Japanese, Korean, Chinese, French, German, Italian, and others.
Overall, the report provides a comprehensive analysis of the bioplastic market, including market size, growth prospects, and trends, making it a valuable resource for businesses, investors, and researchers in the industry.