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Global Bioplastics Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A form of plastic known as "bioplastic" is produced from naturally biodegradable materials. It is a polymer that may be produced into a useful product using renewable or natural resources. There are numerous methods used to create bioplastics. Bioplastics' ability to degrade is determined by their molecular makeup rather than their origin.
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By geography, Europe is projected to have the highest CAGR over the forecast period, owing to growing adoption of bioplastics in important end-use industries, including among others packaging, textiles, consumer goods, automotive & transportation, and medical devices. Bioplastics are widely employed in a variety of crucial applications, including bottles, shopping bags, loose packaging, and films for agricultural mulch. All over Europe, there is an increase in the general acceptance of bioplastics among consumers.
Some of the key players profiled in the Bioplastics Market include Toyota Tsusho Corporation, SABIC, BASF SE, Trinseo S.A., Total Corbion PLAIR, Futerro, Braskem, Koninklijke DSM N.V., NatureWorks, LLC, Dow Chemical Company, Danimer Scientific, Indorama Ventures Public Company Limited, Novamont SpA, M& G Chemicals, Lyondellbase and Succinity GmbH.
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