Global Bioplastics and Biopolymers market Global Bioplastics and Biopolymers market growing | Page 2

content, growing concern for human health, and the global
increase in consumers preferring bio-based and bio-
degradable packaging are the major factors boosting the
growth prospects of the bioplastics and biopolymers market.
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Bio-PET is projected to be the fastest growing segment. Bio-
PET (PolyEthylene Terephatalate) is expected to register a
higher growth rate owing to its extensive usage in industries
such as packaging and bottling. Bio-Pet has similar
properties to conventional PET however it has a low carbon
footprint which helps sustain plastic and reduce solid waste.
Packaging and bottles segment is estimated to hold the
largest market share in the bioplastics and biopolymers
market. The packaging and bottles segment is estimated to
capture the largest share of the total bioplastics and
biopolymers market. Bioplastics are extensively used in the
packaging of food, goods, cosmetics, and pharmaceuticals.
The key factor propelling growth is the global consumer
demand for bio-packaged products.
Europe is estimated to capture a substantial share in
the bioplastics and biopolymers market. The increasing
popularity towards sustainable packaging is the main reason
for the market growth. Lawmakers across countries are
aware of the environmental problems associated with
conventional plastics which has led the governments across
countries to enact stringent rules and regulations. These