The bioplastics industry is a rapidly growing sector within the broader plastics industry. Bioplastics are a type of plastic made from renewable resources, such as plant-based materials, and are designed to be more environmentally friendly than traditional petroleum-based plastics. Here are some key aspects of the bioplastics industry: The flexible packaging segment held the largest …
Tag Archives: Biodegradable Plastic
Biodegradable Plastic Market To Witness Significant Revenue Growth On Back Of Augmenting Demand
The PLA segment is expected to register the highest CAGR of 13.9% during the forecast period, owing to increasing application in food packaging as a sustainable source.
Bioplastics & Biopolymers Market Size, Share & Forecast 2030 | Global Industry Growth, Demands, Business Challenges, Opportunities, Market Drivers
One of the end-use industries that dominates the bioplastics and biopolymers market is packaging. Bioplastics, particularly biodegradable bioplastics, are becoming more popular as a replacement for conventional plastics due to environmental concerns. Bioplastics are increasingly being used in bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service containers. Furthermore, the …
Bioplastics Market – Asia-Pacific is Projected to Grow at CAGR of 11.7% from 2022 to 2031
The global bioplastics market generated $6.3 billion in 2021, and is projected to reach $18.7 billion by 2031, growing at a CAGR of 11.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive …
Biodegradable Plastic Market to Witness Heightened Revenue Growth During the Forecast Period 2020-2027
The market across Europe is estimated to register the highest CAGR of 15.5% during the forecast period. However, the market across Europe is estimated to hold the lion’s share throughout the forecast period. As per the report published by Allied Market Research, the global biodegradable plastic market is estimated to reach $4.2 billion by 2027, …