Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports




Bioplastics are gaining significant momentum as a solution to the global plastic phenomenon. Strong focus on sustainability along with aversion of consumers towards products with high environmental impact has led to popularization of bioplastics in a wide range of industries. The packaging industry, in particular, which is heavily reliant on conventional plastic for its convenience factor, is turning to bio alternatives to fulfill the demand of eco-conscious consumers. The result is expected to lead to increased demand for bioplastics.

According to a detailed study by Future Market Insights, the bioplastics market is estimated to be valued at US$ 43.8 Bn in 2020, nearly 6X surge from the past half-decade. Technological advancements involved in the research and development of bioplastics will further remain instrumental to the market growth.


For more insights into the Market, request a sample of this report@–69

Keys Takeaways of Bioplastics Market Study

  • Bio-PET remains highly preferred material and continues to account for a major share of the total market revenue, followed by bio-PE and PLA blends.
  • High application potential has been identified in bottle manufacturing and packaging.
  • Manufacturers are focusing on identifying and leveraging white spaces in application of bioplastics, ranging from foodservice disposables to automotive components.
  • Asia Pacific remains at the forefront of the global bioplastics market, propelled in bulk by abundance of raw materials and eco-friendly initiatives.
  • North America and Europe will continue to offer greater opportunities due to significant transition to environment friendly raw materials.


Bioplastics Market – Key Growth Drivers


Bioplastics Market – Key Restraints

  • Despite its ‘eco-friendly’ tag and benefits over oil-based plastics, bioplastics still tend be relatively expensive.
  • Bioplastics are produced in small quantities, making it a challenge to break into established production cycles of their conventional counterparts.


Impact of COVID-19 on Bioplastics Market
Confinement measures triggered by the rapid spread of the COVID-19 have significant impacted the business sphere worldwide, and the bioplastics market is no exception. A notable decline in crude oil prices will be a linear disadvantage for bioplastics, further affected by the higher price point. Post pandemic, green investments are highly likely to be delayed due to a climate of uncertainty created by the crisis. A headwind coming from closure of factories and halt in manufacturing and supply chain operations will become deterrent to the market growth.


We offer tailor-made solutions to fit your requirements, request customization@–69


Competition Analysis

The FMI’s study covers detailed profiles of key players operating in the bioplastics market, which include BASF SE, RTP Company, Arkema, Evonik Industries, NatureWorks LLC, Techno Polymer Co. Ltd., DSM N.V., E. I. du Pont de Nemours and Company, and Toray Industries Inc.
The bioplastics market has been recently witnessing a surge in number of new entrants with a myriad of offerings. For instance, in January 2020, toy giant Mattel launched new building block sets made from bio-based plastics. The company plans to use 100% recyclable, bio-based plastics for its products and packaging by 2030. Additionally, presence of key players such as Eastman with breakthrough innovations including Trēva™ engineering bioplastic will continue to drive the global market to new heights.

Key Segments Covered


Material Type:

  • Bio-PET
  • Bio-PE
  • Bio-PA
  • Bio-degradable Polyesters
  • PLA & PLA Blends
  • Starch Blends
  • PHA
  • others (Durable Starch Blend, Bio-TPE, Bio-PUR, Bio-PC, Cellulose Derivatives and PCL)



  • Bottle
  • other packaging
  • food-services
  • agriculture/horticulture
  • consumer products
  • automotive 

Key Geographies Covered

  • North America
  • Europe
  • Asia Pacific
  • RoW


About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. 

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries:
For Media Enquiries:


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts