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Global Bioplastics Market to Reach USD 9.9 Billion by 2027
Global Bioplastics Market is driven by the several benefits offered by Rising Consumer Awareness towards Bioplastics Packaging.
By: Renub Research
Over the short term, significant factors driving the market studied are environmental factors promoting a paradigm shift and increasing demand for bioplastics in flexible packaging. The ecological dilemma caused by reaching high levels of greenhouse gas emissions in the atmosphere is one of the main drivers for the bioplastic industry, as bioplastic help to reduce the dependency on fossil resources, reduce greenhouse gas (GHG) emissions, and increase resource efficiency.
COVID-19 Impact on Bioplastics Growth Trends
The bioplastic market was positively impacted by COVID-19. Amid the lockdown situation, the demand for flexible packaging has increased, owing to the rise in demand for food, pharma, and PPE packaging personal and healthcare products. However, sustainable plastics can be an excellent alternative to conventional plastics, thus delivering an alternative growth pathway to the bioplastic industry in the wake of the COVID -19 pandemic.
Non-biodegradable Plastics Polyethylene Terephthalate (PET) Segment led the Market
Non-biodegradable bioplastic are further categorized into Polyethylene (P.E.), Polyethylene terephthalate (PET), Polyamide (P.A.), Polypropylene (P.P.), Poly(trimethylene terephthalate)
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Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/