Bioplastics Market - Global Opportunity Analysis and Industry Forecast (2022-2029)

According to a new market research report, “ Bioplastics Market by Type (Starch-based, PLA, PHA, Polyester, Bio-PET, Bio-PE, Bio-PTT, Bio-PA), Application (Packaging, Automotive, Consumer Electronics, Construction, Agriculture, Textile), and Geography — Global Forecasts to 2029”, published by Meticulous Research ® , the bioplastics market is expected to grow at a CAGR of 13.1% from 2022–2029 to reach $25.93 billion by 2029. The major factors driving the growth of bioplastics market are the increasing consumer preference for biobased products over synthetic products, increased usage of bioplastics in the packaging industry, increased utilization of flexible packaging by the food & beverage industry, and rising R&D in bioplastics. Furthermore, regulations & legal acts supporting bioplastics usage and untapped markets in emerging economies are some of the major factors expected to offer significant growth opportunities for players operating in t...