The bioplastics market is expected to grow from US$ 5,799. 8 million in 2021 to US$ 13,806. 1 million by 2028; it is estimated to grow at a CAGR of 13. 2% from 2021 to 2028. Bioplastic is a moldable plastic material made from chemical compounds derived from or synthesized by microbes, such as bacteria, or genetically modified plants.
New York, April 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Bioplastics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type and Application” – https://www.reportlinker.com/p06269982/?utm_source=GNW
Bioplastics are obtained from renewable resources, and some bioplastics are biodegradable.
Based on type, the global bioplastics market is segmented into biodegradable and non-biodegradable.The non-biodegradable segment led the market in 2020.
Also, the market for the same segment is expected to grow at a faster rate during the forecast period.