The Global Bioplastic Packaging Material Market was valued at USD 1.54 Billion in 2023 and is projected to reach USD 1.88 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.9% during the forecast period (2024–2030). This growth is driven by escalating environmental regulations, increasing consumer demand for sustainable packaging, and significant technological advancements in bio-polymers. The urgent global push to reduce plastic waste and carbon footprint is fundamentally reshaping the packaging industry.

As corporations and governments intensify their sustainability commitments, the focus shifts to the innovative material science companies developing alternatives to conventional plastics. This blog profiles the Top 10 Companies in the Bioplastic Packaging Material Industry—a dynamic mix of chemical giants, specialized bioplastics producers, and biotechnology firms leading the charge toward a circular economy.

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🔟 1. NatureWorks LLC

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Ingeo™ PLA (Polylactic Acid) biopolymers

NatureWorks is a world-leading producer of biopolymers, most notably its Ingeo™ portfolio of PLA resins derived from renewable resources like corn sugar. These materials are used in a wide array of packaging applications, from compostable foodservice ware to flexible films and rigid containers.

Sustainability Initiatives:

• Pioneer in commercial-scale PLA production
• Focus on achieving a net-positive environmental impact
• Developing advanced recycling technologies for PLA

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Bioplastic Packaging Material Market – View in Detailed Research Report

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9️⃣ 2. Novamont S.p.A.

Headquarters: Novara, Italy
Key Offering: Mater-Bi®, Origo-Bi® (biodegradable and compostable bioplastics)

Novamont is a European pioneer in the bioplastics sector, renowned for its Mater-Bi family of bioplastics. These materials are designed to biodegrade in specific environments, making them ideal for organic waste bags, food packaging, and agricultural films, thus supporting a circular bioeconomy model.

Sustainability Initiatives:

• Integrated biorefineries utilizing local feedstocks
• Strong emphasis on end-of-life solutions and compostability
• Active in policy development for bioplastics in the EU

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ecovio®, Ultramid® BALANCE (compostable and bio-based plastics)

BASF, a global chemical leader, offers a range of certified compostable and bio-based plastics. Ecovio is particularly significant for flexible packaging and bags, combining biodegradability with high performance, while Ultramid BALANCE provides bio-based alternatives for durable applications.

Sustainability Initiatives:

• Committed to carbon-neutral growth until 2030
• Extensive R&D in bio-based raw materials and recycling
• Part of the “ChemCycling” project for chemical recycling

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7️⃣ 4. Braskem S.A.

Headquarters: São Paulo, Brazil
Key Offering: I’m green™ Bio-based PE (Polyethylene)

Braskem is the world’s leading producer of biopolymers on an industrial scale, with its I’m green™ polyethylene derived from sugarcane ethanol. This drop-in solution has the same properties as conventional PE but with a significantly reduced carbon footprint, used in everything from bottles to caps and films.

Sustainability Initiatives:

• World’s first industrial-scale bio-based PE production
• Carbon negative balance (removes CO2 from atmosphere)
• Investing in new bio-based EVA and PP projects

Download FREE Sample Report:
Bioplastic Packaging Material Market – View in Detailed Research Report

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6️⃣ 5. TotalEnergies Corbion PLA

Headquarters: Gorinchem, Netherlands
Key Offering: Luminy® PLA (Polylactic Acid) resins

A joint venture between TotalEnergies and Corbion, this company is a major global producer of PLA bioplastics. Luminy® PLA resins offer high performance and are used in demanding packaging applications, including hot-fill containers and transparent films, supporting brand owners’ sustainability goals.

Sustainability Initiatives:

• Operates one of the world’s largest PLA production plants
• Focus on developing high-heat and high-performance PLA grades
• Committed to sourcing sustainable raw materials

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5️⃣ 6. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Bio-PBS (Polybutylene Succinate), DURABIO™ (bio-based engineering plastic)

Mitsubishi Chemical offers a diverse portfolio of bioplastics, including Bio-PBS, a compostable polyester, and DURABIO™, a durable, bio-based engineering plastic derived from plant-based isosorbide. These materials cater to both compostable and durable packaging needs.

Sustainability Initiatives:

• Ambitious goal to achieve carbon neutrality by 2050
• Expanding production capacity for bio-based polymers
• Integrated approach from bio-feedstocks to end-of-life solutions

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4️⃣ 7. Danimer Scientific, Inc.

Headquarters: Bainbridge, Georgia, USA
Key Offering: Nodax® PHA (Polyhydroxyalkanoates)

Danimer Scientific is a leading developer and manufacturer of PHA bioplastics. Nodax® PHA is renowned for its biodegradability in various environments, including soil, freshwater, and marine settings, making it a compelling solution to plastic pollution, particularly for single-use items.

Sustainability Initiatives:

• Specialist in marine-degradable PHA biopolymers
• Significant capacity expansion projects underway in the USA
• Partnerships with major brands to replace conventional plastics

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3️⃣ 8. FKuR Kunststoff GmbH

Headquarters: Willich, Germany
Key Offering: Bio-Flex®, Biograde® (compostable and bio-based compounds)

FKuR is a specialized German compounder producing a wide range of bioplastics, including biodegradable blends like Bio-Flex® and cellulose-based Biograde®. The company excels at creating custom-tailored compounds for specific packaging applications, from films to injection-molded items.

Sustainability Initiatives:

• Expert in creating customized bio-based compound solutions
• Strong focus on product certifications (e.g., OK compost INDUSTRIAL)
• Active in developing home-compostable material grades

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2️⃣ 9. Avantium N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: PEF (Polyethylene Furanoate) – plant-based, recyclable polyester

Avantium is a cutting-edge chemical technology company developing PEF, a novel 100% plant-based polymer. PEF boasts superior barrier properties (against oxygen and CO2) compared to conventional PET, potentially extending the shelf life of packaged goods and reducing material usage.

Sustainability Initiatives:

• Commercializing the world’s first PEF plant (FDCA Flagship Plant)
• PEF is fully recyclable and has a significantly lower carbon footprint than fossil-based alternatives
• Partnerships with major brands like Coca-Cola and LVMH

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1️⃣ 10. Plantic Technologies Ltd.

Headquarters: Melbourne, Australia
Key Offering: Starch-based bioplastics, high-barrier laminates

Plantic Technologies specializes in bio-based and biodegradable packaging materials derived from renewable high-amylose corn starch. Their high-barrier laminates are particularly valued in the food industry for trays and rigid packaging, offering an excellent oxygen barrier to preserve freshness.

Sustainability Initiatives:

• Expertise in water-soluble and biodegradable starch-based materials
• Focus on high-performance barrier packaging solutions
• Materials are home-compostable and industrially compostable

Get Full Report Here:
Bioplastic Packaging Material Market – View in Detailed Research Report

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🌍 Outlook: The Future of Packaging is Bio-based and Circular

The bioplastic packaging market is at a pivotal juncture. While production volumes are still a fraction of the conventional plastics market, investment, innovation, and regulatory support are accelerating the transition. The industry is rapidly evolving beyond simple drop-in replacements to sophisticated materials with enhanced functionality and clearer end-of-life pathways.

📈 Key Trends Shaping the Market:

• Rising investment in PHA and next-gen biopolymers beyond PLA and bio-PE
• Increasingly stringent plastic bans and Extended Producer Responsibility (EPR) laws globally
• Growing consumer brand commitments to incorporate recycled and bio-based content
• Advancements in chemical recycling to create a circular economy for bioplastics

Get Full Report Here:
Bioplastic Packaging Material Market – View in Detailed Research Report

The companies profiled above are not just supplying materials—they are building the foundational infrastructure for a sustainable, circular future for packaging worldwide.