Bioplastics Market

Bioplastics Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
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Growing population and urbanization coupled with the increasing awareness regarding health-issues in emerging economies of Asia Pacific are likely to assist end-use industries, which in turn is expected to escalate the demand for bioplastics over the forecast period

The global bioplastics market size was valued at US$ 9.4 Bn in 2020

The global bioplastics market is expected to register a compound annual growth rate (CAGR) of 15.7% during the forecast period

Some of the prominent companies in the bioplastics market are: Teijin Ltd., Toray Industries, Toyota Tsusho, M& G Chemicals, PTT Global Chemical Public Company Ltd., Showa Denko K.K., NatureWorks LLC, SABIC, BASF SE, Futerro SA, E. I. du Pont de Nemours and Company, Braskem Corbion N.V., Galactic Solvay SA.

Europe led the global market in 2020 with a share of around 45%.