#Market Analysis & Forecasts

2020-11-19

Global bioplastic market is estimated to account for US$ 215 Bn by the end Of 2027, says Coherent Market Insights (CMI)

A bioplastic material is a biological product made out of non-biological biomass sources, such as cellulose from wood. Unlike traditional plastics, bioplastic materials are made over many different processes. Some biodegradable bio-plastic may degrade within a 180 day period, provided the right environment exists. Other bioplastics degrade over a much longer period, however, and they require special processes to make them more eco-friendly.

The global bioplastic market is estimated to account for US$ 215 Bn in terms of value, growing at a CAGR of 25.8% during forecast period 2020-2027.

Market Drivers:

Growing environmental concerns is a prime factor driving market growth of bioplastic. Increasing demand for bio-based packaging materials from packaging industry is also projected to foster the market growth of bioplastic. Moreover, growing environmental pollution has encouraged key manufacturers to introduce bio-based plastic. Furthermore, rising health-related issues due to the burning of plastic is again expected to augment the market growth of the bioplastic.

The rise in the various manufacturing industries such as textile, agriculture, automotive & transportation, consumer goods, and building & construction has boosted the market growth. Bio plastic exhibit a unique and potential properties that helps in reducing Greenhouse Gas (GHG) emissions effectively. Moreover, increasing strict rules and regulation across countries such as Europe and the U.S. has also contributed to market growth. Additionally, increasing investment in the research and development in the field of bioplastics is further anticipated to accelerate market growth.

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Market Opportunities

Growing demand for the bioplastic packaging industry due to growing awareness regarding the benefits of bioplastic is projected to bring new market opportunities over the forecast period. According to the report from European Bioplastics, the packaging remains the largest field of application for bioplastics with almost 53 percent (1.14 million tons) of the total bio plastics market in 2019. Thus, growing demand for bio plastic from the packaging industry is projected to uplift the market growth of bio plastic.

Increasing production capacity of bio plastic around the globe in order to cater to rising demand from various end-user industries is projected to offer profitable market opportunities. For instance, in August 2018, Kaneka Corporation has announced its plan to expand a manufacturing facility of a biodegradable polymer. The production capacity will be about 5,000 tons per year with an investment amount of 2.5 billion yen. Kaneka Biodegradable Polymer PHBH”, is derived from 100% plants and has superior biodegradability

Market Trends

Single-use plastic ban across countries such as Europe, North America, and Asia has significantly supported the demand for bioplastic. For instance, recently the European parliament has approved a new ban on single-use plastic cutlery, cotton buds, straws, and stirrers as part of a sweeping law against plastic waste that despoils beaches and pollutes oceans. The members will implement rule include measure to reduce the use of plastic, by 2025, plastic bottles should be made of 25% recycled content, and by 2029 90% of them should be recycled.

The growing trend of using bioplastic for producing electronic device covers, semiconductor casings, connectors, and circuit boards is expected to supplement the market growth. This can be done by using injection molding and bioplastic can be also be used to develop games consoles, vacuum cleaners, touch screen computer casings, headphones, keyboards, loudspeakers, laptops, mobile phone casings, etc.

Competitive Landscape: ?

1. BASF SE ?

2. Braskem S.A.

3. Koninklijke DSM N.V.

4. Arkema S.A. ?

5. Innovia Films, Ltd. ?

6. Metabolix, Inc.

?7. NatureWorks, LLC ?

8. Novamont S.p. A. ?

9. The Dow Chemical Company

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“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

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Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

Recover™ and Ünteks Group partner to scale recycled cotton in knitwear

Recover(TM), a global producer of low‐impact, high‐quality recycled cotton fiber, announces a new partnership with Ünteks Group, a vertically integrated textile manufacturer based in Turkey. The collaboration focuses on the development of circular knit fabrics and garments, combining Recover’s recycled cotton fiber with Ünteks Group’s integrated capabilities across knitting, dyeing, printing, and garment production.

STEELTOP®: A new benchmark in flat tops for spinning preparation

Modern carding generations achieve higher production performance, placing significantly greater stress on flat tops. Higher cylinder speeds and increased fiber density, combined with tighter carding gaps, create more demanding operating conditions. At the same time, poorer raw material quality and the increased use of recycled materials further intensify these challenges. With STEELTOP®, Trützschler introduces a new full steel flat top series developed for these demanding modern carding processes.

YKK develops concept EXCELLA® zipper tape using nonwoven fabric partially derived from used clothing

YKK Corporation has developed a concept version of its premium EXCELLA® zipper series made from nonwoven fabric sheets created by fiberizing used clothing and other textile materials. Based on a proposal by fashion designer Yuima Nakazato, this item was created as a result of collaboration between Nakazato, Seiko Epson Corporation and YKK. The concept zipper was incorporated as a material component for pieces in the newest YUIMA NAKAZATO Couture Collection, “INFERNO,” which was unveiled in Paris, France on July 8, 2026.

Texworld Apparel Sourcing Paris highlights evolving global sourcing landscape

From 31 August to 2 September 2026, Texworld Apparel Sourcing Paris will bring together more than 1,000 international exhibitors at Paris-Le Bourget Exhibition Centre. This edition reflects the new global balance of textile and apparel sourcing, highlighting a strong diversity of sourcing countries — some unexpected.