The global bioplastics market is expanding due to consumer and regulatory demand for sustainable materials, rising bans on single-use plastics, and increased adoption in packaging, automotive, textiles, and agriculture. The market was valued at $11.5 billion in 2023 and is projected to reach $63.5 billion by 2031, growing at a CAGR of 18.4% from 2024 to 2031. Recent developments include NatureWorks LLC building a new PLA production facility in Georgia, USA; Danimer Scientific launching a moisture-resistant biodegradable resin for food packaging; Eastman Chemical partnering with a major FMCG brand for sustainable bottle resins; Mitsubishi Chemical expanding its BioPBSTM production; Toray Industries developing a high-heat-resistant bioplastic for automotive parts; and Kuraray beginning pilot-scale production of bio-based PVA films. Key market players include Arkema, BASF, Bioterra, Kuraray Europe GmbH, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Braskem, Mitsubishi Chemical Corporation, and Plantic Technologies Ltd. The report covers market segmentation by type (biodegradable, non-biodegradable) and end-user (packaging, consumer goods, agriculture, automotive, textiles), with regional focus on North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

HTF Market Intelligence released a comprehensive report on the global biopolymer packaging market, projecting a 15% CAGR from 2025 to 2033, with the market expected to grow from USD 9.1 Billion in 2025 to USD 28.3 Billion by 2033. The report analyzes market trends, key segments (PLA, PHA, starch blends, etc.), applications (food, beverage, healthcare), and regional growth drivers, including sustainability goals, plastic bans, and consumer demand for eco-friendly packaging.

The global castor oil-based biopolymer market is projected to reach over 4924.61 million by 2034, growing at a CAGR of 16.2%. Key players include EMS-Chemie Holding AG, Solvay S.A., Toray Industries, Inc., and UNITIKA LTD., with applications spanning paints, lubricants, cosmetics, and pharmaceuticals. The Asia-Pacific region, particularly India, leads in production and exports, while challenges like environmental variability threaten stability. Growth is driven by sustainable alternatives and expanding use in textiles, home appliances, and automotive sectors.

HTF MI released a comprehensive report projecting the global compostable packaging market will grow at a 15.4% CAGR from 2025 to 2032, reaching $66.8 billion by 2032. Key players include BASF, Novamont, TIPA Corp, Amcor, and others. The market is driven by eco-regulations, bans on single-use plastics, and green consumerism, with Europe as the dominant region and Asia-Pacific as the fastest-growing region.

Danimer Scientific's stock price rose 7.1% on Tuesday, reaching $0.22 and closing at $0.17. The company, a performance polymer provider, offers bioplastic alternatives for traditional plastics in the U.S., Germany, Poland, Belgium, Austria, and internationally. It produces biodegradable plastics like Nodax and polylactic acid resins for packaging applications.