Bioplastics market to triple by 2031 as circular economy solutions replace conventional plastics

[Hyderabad, April 25th, 2025]- The global bioplastics market is projected to grow from USD 10.2 billion in 2023 to USD 27.3 billion by 2031 (13.1% CAGR), according to ClearView Market Insights' latest industry report. Innovative materials that degrade in seawater, withstand high heat, and utilize waste feedstocks are overcoming traditional performance barriers.

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2024 Market Transformations

  • Packaging Revolution: PepsiCo launches 100% compostable snack bags in EU markets
  • Agricultural Shift: 30% of California farms adopt soil-biodegradable mulch films
  • Medical Advancements: FDA clears first PHA-based surgical mesh

Regulatory Accelerators

  • EU Packaging Regulation: Mandates 65% compostable packaging by 2027
  • UN Plastic Treaty: 134 nations agree to ban non-degradable plastics in FMCG
  • U.S. Federal Procurement: Requires biobased content in all disposable items

Key Benefits Driving Adoption:

-       Marine-safe formulations (180-day seawater degradation)

-       Carbon-negative production (UBQ's waste conversion)

-       Price parity with conventional plastics by 2026

 

 

For more insights, visit https://clearviewmarketinsights.com/

 

About Clearview Market Insights:

 

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

 

Media contact:

 

Bhavani K

Marketing and Sales Head

ClearView Market Insights

Mail: sales@clearviewmarketinsights.com

Phone: +1 917-993-7369

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