Bioplastics & Biopolymers Market
Global Bioplastics & Biopolymers Market: Overview
Packaging industries use bioplastics & biopolymers on a large scale. Eco-friendly packagings are made from bio-based polymers. These bio-based polymers include starch-based polymers, PHA, and PLA. They are used in the various applications owing to its biodegradable nature, that is, they rapidly decompose. The bioplastics & biopolymers are used in the end-use industries, mainly in bottling and packaging industries.
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Global Bioplastics & Biopolymers Market: Growth Factors
The strict regulations set by the government regarding the environment result in carbon reduction by the major manufacturers, which is expected to foster the global bioplastics & biopolymers market growth in the near future. In addition, fluctuations in the oil prices lead the companies to search for another stable source of raw material. Moreover, rising consumer awareness regarding sustainable environment may foster the global market in a positive way. Improved lifestyle and demand for high-quality products also influence the global bioplastics & biopolymers market growth. Furthermore, higher investment on R & D by the manufacturers to