High potential in emerging countries of APAC Driving The Bioplastics & Biopolymers Market
Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable....
Significant growth for biodegradable mulch films is observed in the Asia-Pacific region
The Asia-Pacific region is projected to grow at the highest rate in the biodegradable mulch films market. China is on the top of the list in terms of sales of biodegradable mulch films. Increasing population, especially in the Asia-Pacific region, has resulted in increasing demand for food, which will lead to increased usage of biodegradable mulch films in crop production. The rising population...
Market Leaders – Bioplastics & Biopolymers Market
The market size of bioplastics & biopolymers is estimated at USD 6.95 billion in 2018 and is projected to reach USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023. Increasing the use of bioplastics in the packaging industry, increase in waste management regulations in Europe, favorable government policies, increased focus on bio-based content rather than biodegradability, and growing...