Product Code: GVR-4-68040-556-6
Algae-based Bioplastics Market Growth & Trends:
The global algae-based bioplastics market size is anticipated to reach USD 146.2 million by 2030 and is anticipated to expand at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. Environmental concerns and regulations are the significant driving factors, propelling the growth of the algae-based bioplastics market. As governments worldwide implement stricter policies against single-use plastics and mandate reduced carbon footprints, companies are seeking sustainable alternatives. For instance, the European Union's Single-Use Plastics Directive has accelerated the adoption of biodegradable packaging solutions, with companies such as PlantSea creating algae-based flexible films for dry product packaging, addressing both regulatory compliance and consumer demand for eco-friendly products.
Consumer awareness and changing preferences represent another critical market driving factor for the market. The growing segment of environmentally conscious consumers is willing to pay premium prices for sustainable packaging and products. In addition, technological advancements and scalability improvements are rapidly expanding market potential. Recent innovations in cultivation systems and extraction methods have significantly reduced production costs, making algae-based bioplastics more competitive with conventional plastics.
Strategic partnerships across industries are accelerating market growth and application diversity. The collaboration between packaging companies and algae technology companies demonstrates how established manufacturers are incorporating algae-based materials into mainstream products. These cross-industry partnerships not only drive innovation but also help establish the necessary supply chains for wider commercial adoption.
North America maintains a considerable market share due to substantial investments in algae biotechnology and strong environmental regulations. Europe represents the moderate growth in market for algae-based bioplastics, driven by the EU's comprehensive regulatory framework targeting plastic reduction and circular economy initiatives. The Asia Pacific region dominates the market and it offers the largest growth potential, combining abundant natural resources with increasing industrial capacity.
Algae-based Bioplastics Market Report Highlights:
- The polyethylene (PE) segment accounted for the largest share of over 42.0% of the market in 2024 and is expected to grow at the fastest CAGR of 6.2% during the forecast period.
- Based on the application, the packaging segment dominated the market in 2024 by accounting for the largest revenue share of over 43.0% and is projected to grow at the fastest CAGR of 6.1% over the forecast period of 2025 to 2030.
- Asia Pacific dominated the market space by registering the largest revenue market share of over 43.0% in 2024 and is anticipated to grow at the fastest CAGR of 6.1% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.1.1. Market Segmentation
- 1.1.2. Market Definition
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2024 (USD Million)
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Algae-based Bioplastics Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.4. Technology Trends
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenge Analysis
- 3.7. Business Environment Analysis
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. PESTEL Analysis
- 3.8. Sustainability & Environmental Impact Assessment
- 3.9. Investment & Funding Analysis
Chapter 4. Global Algae-based Bioplastics Market: Product Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Type Movement Analysis & Market Share, 2024 & 2030
- 4.2.1. Polyethylene (PE)
- 4.2.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 4.2.2. Polypropylene (PP)
- 4.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 4.2.3. Polylactic Acid (PLA)
- 4.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 4.2.4. Polyhydroxyalkanoates (PHA)
- 4.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 4.2.5. Others
- 4.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
Chapter 5. Global Algae-based Bioplastics Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2030
- 5.2.1. Packaging
- 5.2.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 5.2.2. Textile & Fibers
- 5.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 5.2.3. Automotive
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 5.2.4. Agriculture
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 5.2.5. Cosmetics & Personal Care
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
- 5.2.6. Others
- 5.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Tons)
Chapter 6. Global Algae-based Bioplastics Market: Region Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. North America Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.3.3. Canada
- 6.3.3.1. Canada Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.3.4. Mexico
- 6.3.4.1. Mexico Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4. Europe
- 6.4.1. Europe Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4.2. Germany
- 6.4.2.1. Germany Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4.3. UK
- 6.4.3.1. UK Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4.4. France
- 6.4.4.1. France Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4.5. Italy
- 6.4.5.1. Italy Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.4.6. Spain
- 6.4.6.1. Spain Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5.2. China
- 6.5.2.1. China Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5.3. India
- 6.5.3.1. India Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5.4. Japan
- 6.5.4.1. Japan Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5.5. Australia
- 6.5.5.1. Australia Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.5.6. South Korea
- 6.5.6.1. South Korea Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.6. Central & South America
- 6.6.1. Central & South America Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.6.3. Argentina
- 6.6.3.1. Argentina Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Saudi Arabia Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.7.3. UAE
- 6.7.3.1. UAE Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
- 6.7.4. South Africa
- 6.7.4.1. South Africa Algae-based Bioplastics Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Tons)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 7.2. Company/Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of Raw Material Suppliers and Key Value Chain Partners
- 7.3.2. List of Potential Customers
- 7.4. Company Market Position Analysis
- 7.5. Company Heat Map Analysis
- 7.6. Company Dashboard Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansions
- 7.7.2. Mergers & Acquisitions
- 7.7.3. Collaborations/Partnerships/Agreements
- 7.7.4. New Product Launches
- 7.7.5. Others
Chapter 8. Company Listing (Overview, Financial Performance, Products Overview)
- 8.1. Notpla Limited
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. Algix LLC
- 8.3. Lifeasible
- 8.4. Evoware
- 8.5. BZEOS
- 8.6. FLEXSEA
- 8.7. BLOM
- 8.8. Eranova
- 8.9. Sway Innovation Co.
- 8.10. ALGBIO
- 8.11. PT Seaweedtama Biopac Indonesia