Bioplastics Market To witness Huge Expansion By 2030
Bioplastics Industry The global bioplastics market size was estimated at USD 15.57 billion in 2024 and is anticipated to expand at a compound annual growth rate (CAGR) of 19.5% from 2025 to 2030. One of the major factors contributing to this growth is the rising use of bioplastics within the packaging sector. The upward trend in market demand is largely influenced by growing regulatory limitations on the use of single-use, non-biodegradable plastics in both developed regions such as North America and Europe, as well as in emerging economies across the Asia Pacific region. In the packaging industry, bioplastics are extensively used for producing items such as boxes, films, and bags. The growing consumer preference for environmentally sustainable packaging materials, coupled with increasing global concerns over the management of landfill waste, is expected to significantly fuel the demand for bioplastics across multiple packaging applications. These include packaging solutions for ...