The global Biorefinery Market is expected to reach USD 210.3 billion by 2027 from an estimated USD 141.8 billion in 2022, at a CAGR of 8.2% from 2022 to 2027. Due to environmental concerns and the limited resources, interest in bio-based polymers is rising. Bio-based polymers offer new combinations of features for brand-new applications in addition to replacing existing polymers in a number of applications.
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