Press release
Bioplastics Market estimated to experience a hike in growth by 2027
Bioplastics Market
Bioplastics are derived from renewable sources such as sugarcane, corn, cellulose, and other grains. They are environmental friendly and are gaining huge demand from various industries. Bioplastic is widely used across food packaging, disposables, containers, pouches, shopping bags, etc. application.
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The global bioplastics market has witnessed significant growth in recent past years, owing to the rising wide spread awareness among consumers regarding environmental safety and benefits of bioplastics are the key factors propelling growth in bioplastics market. Moreover, initiatives of regulatory bodies recommending adoptions of eco-friendly alternatives by the manufacturers, will further boost growth of the bioplastics market during the forecast period. This is expected to propel the growth of the bioplastics market in this region.
Detailed Segmentation:
Global Bioplastics Market, By Product Type:
Bio-PET
Bio-PE
PLA and PLA Blends
Biodegradable Polyester
Starch Blends
Bio-PA
PHA
Others
Global Bioplastics Market, By Application:
Bottles
Other Packaging
Automotive
Consumer Goods
Food
Agriculture
Others
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Key players are operating in the global pigments market are BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC, Novamont S.p.A., The Dow Chemical Company, and Total Corbion PLA
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