At 8.2% CAGR, the Middle East & Africa Bioplastics and Biopolymers Market is projected to be worth US$ 630.09 million by 2030 says Business Market Insights

According to Business Market Insights research, the Middle East & Africa bioplastics and biopolymers market was valued at US$ 363.61 million in 2023 and is expected to reach US$ 630.09 million by 2030 registering a CAGR of 8.2% from 2023 to 2030. Increasing regulations and policies against traditional plastic and rising demand for eco-friendly plastics in packaging industry are among the critical factors attributed to the Middle East & Africa bioplastics and biopolymers market expansion.        

Government regulations and policies have shaped the bioplastics and biopolymers market. Recognizing the environmental impact of conventional plastics, many governments worldwide have implemented stringent measures to promote the production and use of sustainable alternatives. Several countries have introduced bans or restrictions on single-use plastics, such as plastic bags, straws, and cutlery. These policies aim to reduce plastic waste and encourage the adoption of bioplastics and biopolymers that are biodegradable and have a lower environmental footprint. In addition to bans, governments offer various incentives such as tax breaks, subsidies, grants, and research funding, as well as support mechanisms to promote the growth of the bioplastics industry. These incentives help reduce the cost of bioplastics, making them more competitive with conventional plastics. Thus, all these benefits have encouraged companies operating in the market to invest in research and development, scale up production, and bring innovative bioplastic products to the market.

Governments are increasingly incorporating sustainability criteria into public procurement policies by prioritizing the use of biobased materials, including bioplastics and biopolymers, in government-funded projects, thus creating a significant demand for these materials. Further, regulatory frameworks are being established to ensure the quality and safety standards of bioplastics. Governments collaborate with industry associations and regulatory bodies to establish certification systems and standards for biodegradability, compostability, and environmental performance. These standards guarantee consumers, businesses, and industries that the plastics they use meet a certain criteria, fostering market growth.

On the contrary, lack of infrastructure and recycling facilities for bioplastics and biopolymers hampers the Middle East & Africa bioplastics and biopolymers market.  

Based on product type, the Middle East & Africa bioplastics and biopolymers market is segmented into polyethylene, polyethylene terephthalate, polylactic acid, polytrimethylene terephthalate, polybutylene adipate terephthalate, polybutylene succinate, cellulose, blends, and others. The blends segment held 29.6% share of Middle East & Africa bioplastics and biopolymers market in 2023, amassing US$ 107.52 million. It is projected to garner US$ 195.66 million by 2030 to expand at 8.9% CAGR during 2023–2030.

Based on end-use industry, the Middle East & Africa bioplastics and biopolymers market is divided into packaging, consumer goods, automotive, textile, building and construction, medical, agriculture, and others. The packaging segment held 55.2% share of Middle East & Africa bioplastics and biopolymers market in 2023, amassing US$ 200.79 million. It is projected to garner US$ 365.21 million by 2030 to expand at 8.9% CAGR during 2023–2030.

Based on country, the Middle East & Africa bioplastics and biopolymers market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 31.2% share of Middle East & Africa bioplastics and biopolymers market in 2023. It was assessed at US$ 113.38 million in 2023 and is likely to hit US$ 204.07 million by 2030 exhibiting a CAGR of 8.8% CAGR during 2023–2030.      

Key players operating in the Middle East & Africa bioplastics and biopolymers market are Arkema SA, BASF SE, Braskem SA, Corbion NV, Eastman Chemical Co, Mitsubishi Chemical Holdings Corp, Mitsui Chemicals Inc, Novamont SpA, and Saudi Basic Industries Corp, among others.

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