Who are the key players in bioplastics market?

Some key players operating in the bioplastics market include Teijin Limited; Toray Industries; Toyota Tsusho; M& G Chemicals; PTT Global Chemical Public Company Limited; Showa Denko K.K.; NatureWorks LLC; SABIC; BASF SE; Futerro SA; E. I. du Pont de Nemours and Company; Braskem; Total Corbion PLA; Galactic; and Solvay SA.

What are the factors driving the bioplastics market?

Key factors that are driving the market growth include rising demand of bioplastics in various applications such as packaging, agriculture, consumer goods, textile, automotive & transportation, building & construction, and rising environmental concerns to reduce the carbon footprint.

Which segment accounted for the largest bioplastics market share?

Europe dominated the bioplastics market with a share of 43.18% in 2024. This is attributable to the presence of stringent governmental laws pertaining to single use plastics, increasing environmental concerns among consumers, and rising R&D investments in the bioplastics sector by private as well as public organizations.