Bioplastics and Biopolymers Market : Global Forecast to 2021 Global Bioplastics and Biopolymers Market Forecast

Bioplastics and Biopolymers Market :
Global Forecast to 2021
Posted by Sarah Nash March 15, 2018 in Chemicals & Food
Bioplastics and Biopolymers Market by Type (Bio-PE, Bio-PET, Regenerated
Cellulose, Poly Hydroxyalkonates), by Application (Packaging & Bottles,
Agriculture, Automotive, Textiles and Others), and by Geography – Global
Forecast to 2021
The bioplastics and biopolymers market is primarily driven by the packaging
sector across the globe. The estimated market size was USD 3,587 million in
2016 and is projected to reach USD 7,622 million by the end of 2021, at a
substantial CAGR of 16.27% between 2016 and 2021. The major drivers of
market growth include supportive government policies and regulations due to
lesser toxicity and lower amounts of carbon, growing concern for human health,
and the high consumer preference towards bio-based packaging.