Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc., has released its latest report on Bioplastics Market , which estimates volume demand for the same at 2.3 million tons in 2024 that is projected to reach 5.9 million tons by 2030 at a CAGR of 16.9% between the two years. In terms of value, the global market for Bioplastics is anticipated to post a robust 2024-2030 CAGR of 21% and reach a projected US$44.3 billion by 2030 from an estimated US$14.1 billion in 2024. Some of the factors instrumental in driving demand for Bioplastics include increased awareness on environmental issues in order to mitigate carbon footprints, availability of sustainable options to conventional plastics, stringent rules and regulations implemented by governments for reducing plastic waste, Bioplastics forming lucrative substitutes for regular plastics due to fluctuating petroleum prices and high investments in research & development for developing versatile Bioplastics for wider applications. In addition, prohibition of...

Industry Experts, Inc. unveiled an updated version of the global market report on Bioplastics. The new report entitled " Bioplastics – A Global Market Overview " reveals that the packaging is estimated the largest market sector for Bioplastics in 2017 with 1 million metric tons while the sector is also expected to register the fastest growth during the period 2017-2022. Depleting fossil fuel resources has made industry participants seek substitutes for conventional plastics and bioplastics are proving to be ideal alternatives to these environments degrading products, offering eco-friendly and sustainable options. Conversely, in comparison to traditional high-performance plastics, bioplastics have their own set of shortcomings, prominent among them being stability and strength. The plastics industry’s future lies in using plastic components obtained from renewable raw materials, and on an ecological scale, such bioplastics rank way above conventionally used petroleum-based ...