Bioplastics Market Size

Bioplastics Market size was valued at USD 16.94 billion in 2024 and is anticipated to reach USD 167.24 billion by the end of 2037, registering around 19.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bioplastics is assessed at USD 19.54 billion.

The reason behind the growth is owing to increasing demand for electronics across the world. Since the demand for consumer electronics is rising a wider variety of Bioplastics are being developed to promote the idea of green electronics. For instance, touchscreen computer cases, laptop mice, loudspeakers, keyboard components, mobile cases, circuit boards, semiconductor casings, and electronic device coverings are all produced using Bioplastics.

The growing automotive sector across the globe is believed to fuel bioplastics market growth. For instance, polyurethanes, polyamides, and polyesters are a few of the bioplastics utilized in automobiles, amongst them polylactic acid (PLA) is known to be one of the newest bioplastics employed in the automotive sector.

The usage of bioplastics in automobiles can aid in energy conservation and the reduction of greenhouse gas emissions, since it is known that bioplastics weigh over 24% less than conventional plastics, which as a result, decreases the overall curb weight of the vehicle, enhancing vehicle economy.