Automotive Bioplastic Market Size

Automotive Bioplastic Market size was over USD 853.06 million in 2024 and is anticipated to cross USD 3.05 billion by 2037, witnessing more than 10.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive bioplastic is assessed at USD 999.44 million.

The global automotive bioplastic market is thriving on the back of the growing sales and production of vehicles worldwide, backed by factors such as increasing urbanization and the rising disposable income of individuals. According to the statistics by International Organization of Motor Vehicle Manufacturers (OICA), sales of both commercial and passenger vehicles increased from 75 million in the year 2010 to 91 million in the year 2019, whereas production of vehicles increased from 77 million in the year 2010 to 91 million in the year 2019.

In addition to this, the growing need amongst vehicle manufacturers to reduce vehicle curb weight will drive the market growth. According to the statistics by the United States Environmental Protection Agency (EPA), transportation sector contributed to the major share of 28% for the GHG emissions in the United States. Increasing concern for vehicular emissions around the globe has raised the necessity amongst the vehicle manufacturers to find out alternatives that help to reduce the weight of the vehicle. A minor reduction in the weight of the vehicle reduces the pressure on the engine and further helps save the energy which it spends to carry the weight of the vehicle. Further, light weight vehicles are known to be more energy efficient and are also more secured in terms of their accidental ratings. Such a factor is anticipated to drive the growth of the global automotive bioplastic market over the forecast period.