Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.51 Billion | USD 28.94 Billion | 21.5% | 2021 |
FrequentlyAsked Questions
The market for bioplastics and biopolymers has expanded due to stringent government regulations mandating businesses to reduce their carbon footprint, which has increased demand for bio-based products in the industry.
According to a study, the global bioplastics & biopolymers market size was worth around USD 10.51 billion in 2021 and is expected to reach USD 28.94 billion by 2028 at a CAGR of 21.5% during the forecast period.
APAC is expected to dominate the bioplastics & biopolymers market over the forecast period.
Some of the main competitors dominating the global Bioplastics & Biopolymers Market include - NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).
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