How large is the bioplastics market – currently and in future?

Bioplastics currently represent roughly 0.5 percent of the over 400 million tonnes of plastic produced annually But as demand is rising and with more sophisticated materials, applications, and products emerging, the market is already growing very dynamically. According to the latest market data compiled by European Bioplastics, global production capacity of bioplastics is predicted to triple in the medium term, from around 2.18 million tonnes in 2023 to approximately 7.43 million tonnes in 2028.