Bio-based Plastics Market Size To Reach $16.09 Billion By 2033

Bio-based Plastics Market Growth & Trends

The global bio-based plastics market size is anticipated to reach USD 16.09 billion by 2033 and is anticipated to expand at a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. Bio-based plastics are transitioning from niche sustainability experiments to commercially relevant materials across packaging, consumer goods, and select durable goods categories. Improved feedstock diversity and investment in conversion technologies enable a broader set of polymer grades that closely match the performance of traditional plastics, which eases adoption by brand owners and converters. As value chains align around verified sustainability claims and traceable origins, procurement moves from one-off pilots to repeatable supply contracts, establishing a clearer growth pathway for the market.

Commercial drivers include corporate decarbonization commitments, tighter public policy on single-use plastics, and rising demand from informed consumers for products with lower lifecycle impacts. These forces create predictable offtake, reduce adoption risk for producers, and encourage capital allocation toward scale-up projects rather than laboratory-scale trials. Complementary private investment in feedstock aggregation and pre-processing also lowers logistics friction and improves margin visibility for manufacturers.

Opportunities and constraints operate in parallel. There is clear upside in higher-value segments such as food contact packaging, medical disposables, and textile fibers, where validated bio-based solutions command premium positioning. At the same time, widespread commercialization is limited by feedstock logistics, cost gaps with petrochemical incumbents, and the need for compatible end-of-life systems. The most successful companies will secure stable feedstock partnerships, integrate downstream recovery solutions, and convert technological differentiation into credible sustainability narratives that customers trust.

The market players are focusing on various strategic initiatives, such as mergers, acquisitions, and collaborations. For instance, in February 2025, Nirani Sugars, India’s largest privately held sugar company, signed a Memorandum of Understanding with the Karnataka government to establish a polylactic acid (PLA) manufacturing unit in Bagalkot.

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Bio-based Plastics Market Report Highlights

• Based on product, Bio-PET accounted for the largest share of 24.56% market size in 2024.

• Based on application, packaging accounted for the largest share of 59.17% market size in 2024.

• Based on end use, food & beverage accounted for the largest share of 35.94% market size in 2024.

• Asia Pacific dominated the market in 2024. Rapid urbanization and industrialization across the Asia Pacific are increasing demand for bio-based plastics in food & beverage, automotive, and other applications.

• China was the Asia Pacific region's leading market, capturing around 43% of the revenue market share in 2024.

• Market players operating in the market include NatureWorks LLC, Braskem S.A., BASF SE, TotalEnergies Corbion PLA, Novamont S.p.A., Arkema S.A., Danimer Scientific, Inc., Mitsubishi Chemical Group Corporation, Avantium N.V., and Biome Bioplastics Limited.

Bio-based Plastics Market Segmentation

Grand View Research has segmented the global bio-based plastics market based on product, application, end use, and region:

Bio-based Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Bio-PE (Polyethylene)

• Bio-PET (Polyethylene Terephthalate)

• PLA (Polylactic Acid)

• PHA (Polyhydroxyalkanoates)

• Starch Blends

• Bio-based Polyamides

• Bio-based Polyurethanes

• Other Products

Bio-based Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Packaging

• Textiles & Fibers

• Automotive & Transportation

• Consumer Goods & Electronics

• Agriculture & Horticulture Films

• Medical & Healthcare Products

• Construction & Building Materials

• Other Applications

Bio-based Plastics End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Food & Beverage

• Retail & Consumer Goods

• Automotive & Aerospace

• Healthcare

• Agriculture

• Industrial & Manufacturing

• Other End Uses

Bio-based Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Bio-based Plastics Market

• NatureWorks LLC

• Braskem S.A.

• BASF SE

• TotalEnergies Corbion PLA

• Novamont S.p.A.

• Arkema S.A.

• Danimer Scientific, Inc.

• Mitsubishi Chemical Group Corporation

• Avantium N.V.

• Biome Bioplastics Limited