Bioplastics Market Size, Share, Growth Analysis, By Raw Material(Sugar Cane, Potato, Corn Starch, Switchgrass), By Product Type(Biodegradable (Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA)), By End-use Industry(Packaging (Flexible Packaging, Rigid Packaging), Textile, Consumer Goods), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2253 | Region: Global | Published Date: June, 2024
Pages: 184 |Tables: 65 |Figures: 77

Bioplastics Market Insights

Global Bioplastics Market size was valued at USD 11.6 Billion in 2022 and is poised to grow from USD 13.83 Billion in 2023 to USD 56.36 Billion by 2031, growing at a CAGR of 19.20% during the forecast period (2024-2031). 

Research is being done on novel sources for their development, including seaweeds, insects, and animals. They are better than conventional plastics even though not all of them are biodegradable because a significant portion can do so in a very short period. The usage of biomass-based plastics is being promoted as an alternative to traditional fossil-based plastics for areas where the former is typically used, such as packaging, textile, electrical components, automobile parts, and furniture. Industries have changed their focus to creating and using biodegradable grades of plastic for a variety of uses because of the strict restrictions and legislation that are imposed on the use of non-renewable, single-use plastics by several agencies. To build a sustainable future for the coming generation, research activities are being conducted on a massive scale in the field of developing environmentally viable plastics by both people and corporations. East and Central Asia each account for 28% of the market, according to Packmedia. Around +6.4% in sales and +1.6% in volume have been added to the growth rate in Europe. The projected growth rates for 2022 are 2.9% and 2%, respectively, again at the European level.

Market Snapshot - 2024-2031

Global Market Size

USD 11615.5 billion

Largest Segment

Biodegradable

Fastest Growth

Biodegradable

Growth Rate

19.20% CAGR

Global Bioplastics Market ($ Bn)
Country Share for Europe Region (%)

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Bioplastics Market Segmental Analysis

Global Bioplastics Market is segmented based on Product, Application and Region. Based on Raw Material, the market is segmented into Sugar Cane, Potato, Corn Starch, Switchgrass, Vegetable Oil, Cassava, Wheat, and Others. Based on Product, the market is segmented into Biodegradable (Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends, Cellulose Films, Others), And Non-biodegradable (Bio-based Polyethylene (Bio-PE), Bio-based Polyamide (Bio-PA), Bio-based Polyethylene Terephthalate (Bio-pet), Polytrimethylene Terephthalate (PTT), Polyethylene Furanoate (PEF), Bio-based Polypropylene (Bio-PP), Others). Based on Application, market is segmented into Packaging (Flexible Packaging, Rigid Packaging), Textile, Consumer Goods, Automotive & Transport, Agriculture & Horticulture, Building & Construction, Coatings & Adhesives, Electronics & Electricals, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.  

Analysis by Application  

The packaging segment by application is the largest segment on the bioplastics market with a revenue share of around 61.7%. Numerous packaging products use bioplastics, such as household care products, food and beverage packaging, films and sheets, and packaging for personal care products. Some of the most common bioplastics used for packaging are starch blends, PLA, PBAT, PET, PE, and PBS. Manufacturers are being forced to employ bioplastics for packaging due to consumer preferences for environmentally friendly packaging and a growing global garbage problem. 

The reduction of the vehicle's weight and fuel consumption is the top priority for automakers. Because they are ideal for this use, bio-based plastics are in high demand within the automotive sector. The need for such plastics in automotive applications has been spurred by qualities including a high strength-to-weight ratio, durability, rust-proofness, and self-heating. 

Analysis by Product 

The biodegradable segment is the largest segment by product in the global bioplastics market and holds a market share of over 51.6%, is anticipated to continue expanding at a healthy rate over the projected period. Polylactic acid, starch blends, PBS, PBAT, PHA, polycaprolactone, and cellulose acetate are examples of biodegradable polymers. Based on sales, starch blends ranked as the largest category of biodegradable products. Easily accessible natural resources like potatoes, tapioca, wheat, rice and corn are used to make starch-based polymers. Starch blends are a great substitute for traditional plastics since they are so readily available in large quantities. 

On the other hand, the fastest growing segment is the non-biodegradable segment in the market. Polyethylene, polypropylene, polyamide, polytrimethylene terephthalate, polyethylene terephthalate, polyethylene furanoate, and polyvinyl chloride are examples of non-biodegradable plastics. These polymers are created from basic ingredients that are environmentally friendly, like sugarcane, corn, castor oil, and others. Most applications for non-biodegradable bioplastics include disposables, bottles, food packaging, carry bags, shopping bags, films, consumer goods, electronics, and vehicle interiors.

Global Bioplastics Market By Product Type

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Bioplastics Market Regional Insights

Europe is the largest region in the global bioplastics market with more than 41.4% of the global market's sales. Agricultural mulch films, shopping bags, refuge bags, loose packaging, and bottles are only a few of the vital uses for bioplastics. Each year, almost 100 billion bags are used in the European Union. All around Europe, consumers are becoming more accepting of bioplastics. The growing use of bioplastics in important end-use industries such consumer products, packaging, textiles, automotive & transportation, and medical devices is also projected to have a positive impact on the market. 

On the other hand, North America is the fastest growing region in the global bioplastics market. The rising demand for bioplastics is predicted to be a major factor in the market's expansion in North America. The area sector is also distinguished by a strong desire for sustainability, which has resulted in a significant need for sustainability in packaging. The market for bioplastics in North America is predicted to rise because of efforts by the U.S. Department of Agriculture to promote ecologically friendly products.

Global Bioplastics Market By Region
  • Largest
  • Fastest

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Bioplastics Market Dynamics

Bioplastics Market Drivers

  • Increasing Packaging Industry Demand for Eco-Friendly Plastics

Biodegradable polymers have found applications in a variety of industries, but the most visible application is in the packaging industry, where they exhibit qualities similar to their conventional counterparts. They are used in stiff as well as flexible packaging. With an increase in worldwide e-commerce activity, a significant amount of packaging material is likely to be required in the future. Because bio-based polymers may easily replace conventional plastics, their use can be a great way to reduce plastic pollution. Food and pharmaceutical industries are also expanding their demand for renewable feedstock-based polymers. Aside from that, the demand for ready-to-eat foods has grown in both developed and emerging economies. As a result, manufacturers of such products have aggressively sought packaging materials that are safe and inert to the packaged products and have little to no environmental impact. These product tactics will increase the global bioplastics market share. 

  • Increased Demand for Compostable Plastics to Improve Soil Quality

Plastics have a wide range of applications in agriculture and horticulture. They are used to make greenhouses, storage bags, bins, and silos, among other things. Furthermore, existing semi-intensive and intensive farming practices include the use of massive amounts of mulching films and harvest-protection bags to limit weed development, shield crops from pests, and manage soil moisture and nutrient content to create a good micro-climate. Conventional plastic, on the other hand, is not biodegradable and remains in the environment for numerous harvest seasons. It harms the environment and impairs agricultural growth by preventing roots from accessing water and nutrients in the soil. As a result of these issues, several agricultural-based plastic product manufacturers have pursued biodegradable plastics made from renewable and sustainable raw ingredients. These plastics are technically as well as economically viable. Aside from stimulating plant development, compostable plastics degrade in the natural environment and contribute to soil enrichment. As a result, demand for such bio-based plastics is increasing in agriculture and horticulture, which bodes well for worldwide market growth throughout the projection period.

Restraints 

  • High Cost in Comparison to Conventional Plastics

Even though biodegradability is a clear advantage, most bioplastic grades require very complex industrial composting methods to disintegrate, and only a few nations have the equipment to process these goods. As a result, they may end up in landfills or pollute recycling material, causing environmental damage. As a result, a separate process is required to dispose of such polymers, resulting in a higher product cost. Because the feedstock crops utilised in the former's manufacturing processes are generally used to feed people all over the world, the land necessary for biodegradable plastic production competes with food production. According to the Plastic Pollution Coalition, growing feedstock crops will require 13,800 square kilometres to supply current global demand for bioplastics. This area is greater than Belgium, the Netherlands, and Denmark combined. These characteristics have raised the price of this product in comparison to traditional plastics. According to Columbia University's Earth Institute, PLA can be 20-50% more expensive than its competitors due to the complex process necessary to convert corn and sugarcane into lactide monomers for PLA. 

  • Less Available Feed Stock and Competition with Food Supply

The dependency on raw materials such as corn, sugarcane, and others for bioplastics leads to the less availability of raw materials. The need for agricultural land for bioplastic feedstock further contributes to the supportive challenges. The rising demand of the crops for bioplastic production can worsen concerns related to food, particularly in food scarcity regions.

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Bioplastics Market Competitive Landscape

The existence of large sectors around the world, where these businesses are comparatively concentrated and intensely competitive, has led to a highly competitive environment for the global bioplastics market.

Bioplastics Market Top Player’s Company Profiles

  • BASF SE (Germany)
  • NatureWorks LLC (USA)
  • Braskem (Brazil)
  • Arkema S.A. (France)
  • Corbion N.V. (Netherlands)
  • Toray Industries Inc. (Japan)
  • Total Corbion PLA (Netherlands)
  • Danimer Scientific (USA)
  • Bio-On S.p.A. (Italy)
  • Synbra Holding bv (Netherlands)
  • FKuR Kunststoff GmbH (Germany)
  • Innovia Films Ltd. (UK)
  • Kaneka Corporation (Japan)
  • Cardia Bioplastics (Australia)
  • Plantic Technologies Ltd. (Australia)
  • Biome Bioplastics Limited (UK)
  • API S.p.A. (Italy)
  • BioBag International AS (Norway)
  • Shenzhen Ecomann Biotechnology Co. Ltd. (China)

Bioplastics Market Recent Developments

  • In January 2023, Arkema declared that it would present the bio-circular material at the Milan MIDO exhibition. Several novel biobased and recyclable materials will be introduced by the group at the event. Unique Pebax Rnew elastomer grades and Rilsan polyamide 11 grades are employed in the manufacturing of inventive, unbreakable, and fashionable eyewear with natural or mineral fillers. 

  • In April 2023, Solvay announced a strategic agreement with Ginkgo Bioworks to strengthen its R&I base in the United States. The collaboration's goal was to create new sustainable biopolymers and build a foothold in North America.

  • In April 2023, Ingeo 6500D, a new biopolymer-based product introduced by NatureWorksLLC. The product should provide solutions for increased strength and softness in bio-based nonwovens for hygiene applications.

Bioplastics Key Market Trends

  • Rising Adoption of the Flexible Packaging Industry: Bioplastics are not harmful to the environment and are easily degradable, therefore used in flexible packaging. They are used for the packaging of food items, beverage portals, medicines, and others. Bioplastics are further used for the packaging of napkins and tissues, nappies, sanitary towels, toilet papers, quoted cardboard, coat paper for wrapping of the food, and others. Additionally, they are also used for flexible and loose fill packaging. Due to their widespread usage in the packaging industry, they are contributing towards the growth of the market.

Bioplastics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. 

According to our analyses, the market is also influenced by the rising awareness among consumers about the harmful effects of conventional plastics on the environment and the need for more responsible and sustainable alternatives. The high cost of bioplastics and the lack of infrastructure for bioplastic waste management are expected to restrain the market growth to some extent. The trend of using bioplastics as a substitute for conventional plastics is expected to continue in the future, with more and more companies investing in research and development of innovative bioplastics materials. The focus is on developing bioplastics with improved mechanical and barrier properties, while maintaining their biodegradability and composability. The development of bioplastics from non-food sources such as algae and waste materials are also gaining momentum. The market is expected to become more competitive, with more companies entering the market and investing in the development of innovative bioplastics materials.

Report Metric Details
Market size value in 2022 USD 11.6 Billion
Market size value in 2031 USD 56.36 Billion
Growth Rate 19.20%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Raw Material
    • Sugar Cane, Potato, Corn Starch, Switchgrass, Vegetable Oil, Cassava, Wheat, and Others
  • Product Type
    • Biodegradable (Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends, Cellulose Films, Others), Non-biodegradable (Bio-based Polyethylene (Bio-PE), Bio-based Polyamide (Bio-PA), Bio-based Polyethylene Terephthalate (Bio-PET), Polytrimethylene Terephthalate (PTT), Polyethylene Furanoate (PEF), Bio-based Polypropylene (Bio-PP), Others)
  • End-use Industry
    • Packaging (Flexible Packaging, Rigid Packaging), Textile, Consumer Goods, Automotive & Transport, Agriculture & Horticulture, Building & Construction, Coatings & Adhesives, Electronics & Electricals, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • NatureWorks LLC (USA)
  • Braskem (Brazil)
  • Arkema S.A. (France)
  • Corbion N.V. (Netherlands)
  • Toray Industries Inc. (Japan)
  • Total Corbion PLA (Netherlands)
  • Danimer Scientific (USA)
  • Bio-On S.p.A. (Italy)
  • Synbra Holding bv (Netherlands)
  • FKuR Kunststoff GmbH (Germany)
  • Innovia Films Ltd. (UK)
  • Kaneka Corporation (Japan)
  • Cardia Bioplastics (Australia)
  • Plantic Technologies Ltd. (Australia)
  • Biome Bioplastics Limited (UK)
  • API S.p.A. (Italy)
  • BioBag International AS (Norway)
  • Shenzhen Ecomann Biotechnology Co. Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Bioplastics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Bioplastics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Bioplastics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioplastics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioplastics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Bioplastics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Bioplastics Market size was valued at USD 11.6 Billion in 2022 and is poised to grow from USD 13.83 Billion in 2023 to USD 56.36 Billion by 2031, growing at a CAGR of 19.20% during the forecast period (2024-2031). 

The existence of large sectors around the world, where these businesses are comparatively concentrated and intensely competitive, has led to a highly competitive environment for the global bioplastics market. 'BASF SE (Germany)', 'NatureWorks LLC (USA)', 'Braskem (Brazil)', 'Novamont S.p.A. (Italy)', 'Mitsubishi Chemical Corporation (Japan)', 'Arkema S.A. (France)', 'Corbion N.V. (Netherlands)', 'Toray Industries Inc. (Japan)', 'Total Corbion PLA (Netherlands)', 'Danimer Scientific (USA)', 'Bio-On S.p.A. (Italy)', 'Eastman Chemical Company (USA)', 'Synbra Holding bv (Netherlands)', 'FKuR Kunststoff GmbH (Germany)', 'Innovia Films Ltd. (UK)', 'Kaneka Corporation (Japan)', 'Cardia Bioplastics (Australia)', 'Plantic Technologies Ltd. (Australia)', 'Biome Bioplastics Limited (UK)', 'API S.p.A. (Italy)', 'BioBag International AS (Norway)', 'Shenzhen Ecomann Biotechnology Co. Ltd. (China)'

Rising Adoption of the Flexible Packaging Industry: Bioplastics are not harmful to the environment and are easily degradable, therefore used in flexible packaging. They are used for the packaging of food items, beverage portals, medicines, and others. Bioplastics are further used for the packaging of napkins and tissues, nappies, sanitary towels, toilet papers, quoted cardboard, coat paper for wrapping of the food, and others. Additionally, they are also used for flexible and loose fill packaging. Due to their widespread usage in the packaging industry, they are contributing towards the growth of the market.

Europe is the largest region in the global bioplastics market with more than 41.4% of the global market's sales. Agricultural mulch films, shopping bags, refuge bags, loose packaging, and bottles are only a few of the vital uses for bioplastics. Each year, almost 100 billion bags are used in the European Union. All around Europe, consumers are becoming more accepting of bioplastics. The growing use of bioplastics in important end-use industries such consumer products, packaging, textiles, automotive & transportation, and medical devices is also projected to have a positive impact on the market. 

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