The bioplastics market is projected to grow at a 20% CAGR by 2033.
The bioplastics market growth is driven by stringent environmental regulations, technological advancements, and rising consumer demand for sustainable products.
Asia Pacific is a dominating region for the bioplastics market.
BASF SE, NatureWorks LLC, Novamont S.p.A., Danimer Scientific, and Mitsubishi Chemical Holdings Corporation are some leading industry players in the bioplastics market.