Asia Pacific Bioplastics Market Size, Share, and COVID-19 Impact Analysis, By Product (Biodegradable and Non-Biodegradable), By Application (Packaging, Agriculture, Automotive & Transportation, Electronics, and Textile), and Asia Pacific Bioplastics Market Insights, Industry Trend, Forecasts to 2035.

Asia Pacific Bioplastics Market Insights Forecasts to 2035

• The Asia Pacific Bioplastics Market Size was estimated at USD 3.37 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 19.05% from 2025 to 2035
• The Asia Pacific Bioplastics Market Size is Expected to Reach USD 22.95 Billion by 2035

The Asia Pacific Bioplastics Market is anticipated to reach USD 22.95 billion by 2035, growing at a CAGR of 19.05% from 2025 to 2035. The growing demand for bioplastics for various applications, including packaging, agriculture, consumer goods, and others, along with the increasing environmental concerns, is driving the bioplastics market in the Asia Pacific region.

Market Overview

The Asia Pacific bioplastics market is the industry encompassing the production and sale of plastics derived from renewable biomass sources rather than fossil fuels. Bioplastics, a biodegradable materials that can be used to reduce the problem of plastic waste that is suffocating the planet and polluting the environment. The restrictions on the use of single-use non-biodegradable plastics in the emerging economies of the Asia Pacific region are driving the use of bioplastics. Further, the trend toward sustainable packaging as an alternative to conventional plastics, due to the increasing landfill issues, is driving the demand for bioplastics across industrial packaging, food & beverage packaging, and household care packaging sectors. The growing concerns regarding plastic usage, along with the rapid pace of innovation and new product development, are creating market opportunities.

Report Coverage

This research report categorizes the market for the Asia Pacific bioplastics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific bioplastics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific bioplastics market.

Driving Factors

An increasing need for bioplastics in many industries, including food processing, agriculture, compost bags, and sanitation, is driving the market demand. Bioplastics have a low carbon footprint, reducing greenhouse gas emissions, and have the potential to reduce plastic pollution. Thus, the growing environmental concerns are contributing to propelling the market demand for bioplastics. Additionally, supportive governmental policies with the upsurging focus on bio-based content contribute to promoting market growth for bioplastics.

Restraining Factors

The increased production costs and volatility in raw material prices are challenging the market. Further, the limited availability of suitable infrastructure for composting & recycling and the lack of awareness are restraining the market.

Market Segmentation

The Asia Pacific bioplastics market share is classified into product and application.

• The biodegradable segment held the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific bioplastics market is segmented by product into biodegradable and non-biodegradable. Among these, the biodegradable segment held the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. There is an increasing demand for bioplastics across various sectors, along with the rising need for PPE and packaged food post-pandemic. An increasing environmental awareness, along with the rising need for the packaging industry, is propelling the market in the biodegradable segment.

• The packaging segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific bioplastics market is segmented by application into packaging, agriculture, automotive & transportation, electronics, textile, and others. Among these, the packaging segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. Bioplastics are a sustainable alternative for various packaging, including beverage bottles, food containers, etc. Consumers' growing inclination towards products that are green and less hazardous for the environment is contributing to driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific bioplastics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Biome Bioplastics
• Mitsubishi Chemical Corporation
• Sabic
• Teijin Limited
• Others

Recent Developments:

• In April 2023, BASF announced that it is launching compounding capacities for its certified compostable biopolymer ecovio in Shanghai, China. The newly established capacity would allow BASF to serve its customers throughout the Asia-Pacific region more promptly and enable them to adapt more rapidly to the ongoing changes in legislation and regulations.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific Bioplastics Market based on the below-mentioned segments:

Asia Pacific Bioplastics Market, By Product

• Biodegradable
• Non-Biodegradable

Asia Pacific Bioplastics Market, By Application

• Packaging
• Agriculture
• Automotive & Transportation
• Electronics
• Textile