Bioplastics Market 2022 Industry Growth, Key Players, Segments, Competitive Landscape
December 1, 2022 ⚊ 1 Min read ⚊ Views 66 ⚊ BLOG
The global bioplastics market size was USD 10.64 Billion in 2021 and is expected to register a revenue CAGR of 16.8% over the forecast period, according to the latest analysis by Emergen Research. Increase in demand for bioplastics from the automotive industry and demand for compostable plastics to improve soil quality are factors expected to support revenue growth of the market between 2022 and 2030. The automotive industry’s primary objective and challenge is to reduce fuel consumption and pollutants by reducing vehicle weight.
Tags: Biopl, bioplastics market, Bioplastics Market Size
