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

Currently, bioplastics represent less than one per cent of the about 390 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 2.22 million tonnes in 2022 to approximately 6.3 million tonnes in 2027.