Bioplastics Market Segmentation:
Product Segment Analysis
The non-biodegradable segment in bioplastics market growth can be attributed to its increasing demand in vehicle interiors. Bio-based polymers are highly suited for this use and as a result, have seen considerable demand from the automobile sector, and it is expected that they have a bright future for car interiors. A variety of bioplastics are utilized for automobile component production and assembly, including bio-based PA, PBS, and PLA. One of the most popular amongst these is PLA, which is manufactured from maize with minimum energy and resource utilization.
Biodegradable & Non-biodegradable Material Development and Diversification (2024 & 2029)
Source: European Bioplastics
Application Segment Analysis
The packaging segment is set to garner over 60% of the bioplastics market share in the near future. To reduce the environmental impact of food and beverage packaging, they are stored in biodegradable bags made from biodegradable substances such as gelatin, starch, chitosan, cellulose, and polylactic acid. For instance, meat, dairy products, baked goods, and other products are packaged in biodegradable food packaging films and containers composed of biodegradable polymers, including poly (vinyl alcohol) PVA, a different bioplastic, which is widely used for food packaging owing to its excellent film-forming and biodegradability properties. As per European Bioplastics, the packaging sector used 1.12 million tons of the overall yield, capturing a staggering 45% market share in 2024.
Global Production Capacities of Bioplastics 2024, by Application
Source: European Bioplastics
Our in-depth analysis of the global bioplastics market includes the following segments:
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