Bioplastics market development update 2023 

Growth resumption: global production capacities of bioplastics 2023-2028 

Bioplastics currently represent roughly 0.5 percent of the over 400 million tonnes of plastic produced annually*  

After a period of stagnation over the past few years, the overall global plastic production is picking up again in 2023. This development is driven by rising demand combined with the emergence of more sophisticated applications and products. Global bioplastics production capacity is set to increase significantly from around 2.18 million tonnes in 2023 to approximately 7.43 million tonnes in 2028.  

Material development and diversification 

Bioplastic alternatives exist for almost every conventional plastic material and corresponding application. Due to a strong development of polymers, such as polylactic acid (PLA), PHA (Polyhydroxyalkanoates), PAs (polyamides) as well as a steady growth of Polypropylene (PP), the production capacities will continue to increase significantly within the next 5 years. 

Applications and market segments

Bioplastics are used for an increasing variety of applications, ranging from packaging and consumer products to electronics, automotive, and textiles. Packaging remains the largest market segment for bioplastics with 43 percent (934 000 tonnes) of the total bioplastics market in 2023.