The Asia Pacific (APAC) Bioplastics Market is expected to grow from US$3,044.659 million in 2025 to US$4,685.084 million in 2030, at a CAGR of 9.00%.
Bioplastics can be created entirely or partially from sustainable biomass sources like sugarcane and corn, as well as microbes like yeast. Under the correct circumstances, some bioplastics are biodegradable or even compostable. Bioplastics manufactured from renewable resources can be spontaneously recycled by biological processes, reducing fossil fuel consumption and conserving the environment. As a result, bioplastics are long-lasting, mostly biodegradable, and biocompatible. Government initiatives that encourage the use of bioplastics are fueling the region's bioplastics market expansion. Moreover, the growing number of prohibitions on traditional plastics is proving to be a primary driver of this market's growth. Because most Asian countries, such as China, India, Bangladesh, and others, are concerned about the environment, businesses are turning to bioplastics, which helps them achieve a larger consumer market share. As a result, the Asia-Pacific bioplastics market is expanding.
Due to rising demand from nations such as China, India, South Korea, and Japan, the packaging business in Asia-Pacific is expanding. The majority of bioplastics utilized in China are used in packaging.
Bans on traditional plastics in several countries, technological and regulatory backing, and the business environment are some factors driving the market forward. In addition, China's Law on the Prevention and Control of Environmental Pollution Caused by Solid Waste (Solid Waste Law) was recently revised. Local governments may fine violators of the state's prohibitions on the use of nondegradable plastic bags and other single-use plastic products between 10,000 and 100,000 yuan under this regulation.
The 8th Five-Year Plan also emphasizes better solid waste management in cities. Bangladesh's government has prepared a draft multi-sectoral action plan for sustainable plastics management with the help of the World Bank.
These restrictions, together with consumers' preference for environmentally friendly products, have led a considerable number of firms to develop bioplastic factories, resulting in a significant increase in the region's bioplastic market. According to BOI data, the Thailand Board of Investment has approved 15 bioplastics production projects totaling 16.1 billion baht in investment value during the last four years.
Companies are ramping up biodegradable plastic production due to government bans against single-use plastic packaging. Biodegradable plastics derived from agricultural sources such as corn and sugar cane are gaining traction as a viable alternative to petroleum-based products. Thyssenkrupp AG announced the construction of a second bioplastics plant in China. The new factory will be used to make eco-friendly packaging, fibers, textiles, and engineering plastics, among other things. The growth in the packaging industry in the country will further boost the market for bioplastics during the forecast period. For example, China, behind the United States, is the second-largest sales market for German packaging machinery, according to VDMA.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Asia Pacific Bioplastics Market Size in 2025 | US$3,044.659 million |
| Asia Pacific Bioplastics Market Size in 2030 | US$4,685.084 million |
| Growth Rate | CAGR of 9.00% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| Geographical Segmentation | China, Japan, South Korea, India, Thailand, Taiwan, Indonesia, Others |
| List of Major Companies in the Asia Pacific Bioplastics Market |
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| Customization Scope | Free report customization with purchase |
Key Market Segments