Bioplastic Market Size and Forecast 2028 | Key Companies –Novamont S.P.A, Toray Industries, Bio-On S.P.A., Plantic Technologies Ltd, Natureworks LLC
Bioplastics Market-Overview The ability to synthesize effective materials from renewable sources such as corn, sugar beet, and sugarcane is estimated to promote the bioplastic market. The polymers & plastics reports are made by Market Research Future, which includes market options for development. The market is likely to exhibit a CAGR of 12.49 % that will motivate its returns to USD 11.68 billion by 2023. The usage of bioplastics in disposables, shopping bags, food packaging is estimated to create a positive impetus in the bioplastic market share. Moreover, as it is widely recognized as an excellent substitute for fossil fuel-based materials, its demand is set to rise in the coming period. Segmental Analysis The segmental investigation of the bioplastic market has been conducted on the basis of application, type, and region. Based on type, the bioplastic market has been split into biodegradable and non-biodegradable. The application basis of segmenting the bio...