2020 Global Market for Bioplastics (2nd Edition) - Impact of COVID-19 - ResearchAndMarkets.com
The "The Global Market for Bioplastics (2nd Edition)" report has been added to ResearchAndMarkets.com's offering.
- The "The Global Market for Bioplastics (2nd Edition)" report has been added to ResearchAndMarkets.com's offering.
- Bioplastics are biobased products that allow for greater product sustainability due to their biodegradability and renewability.
- Renewable feedstocks such as corn, sugarcane, and algae can be utilized instead of petroleum, thereby reducing global dependence on crude oil and lessening the impact on climate.
- Despite growing global environmental awareness, bioplastics currently account for only around 1 per cent of the >360 million tons of plastics produced annually, but with annual growth of 20-30%.