The Bioplastics Market size is estimated at 2.09 Million tons in 2024, and is expected to reach 4.63 Million tons by 2029, growing at a CAGR of 17.25% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe disrupted manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
The bioplastics market is fragmented. Some of the key players in the market (not in any particular order) include Braskem, Novamont SpA, NatureWorks LLC, Indorama Ventures Public Company Limited, and Total Corbion PLA.
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