Bioplastics Market is to grow by USD 114.24 billion from 2022 to 2027- Technavio
NEW YORK, Oct. 23, 2023 /PRNewswire/ -- The bioplastics market is expected to grow by USD 114.24 billion from 2022 to 2027.
- NEW YORK, Oct. 23, 2023 /PRNewswire/ -- The bioplastics market is expected to grow by USD 114.24 billion from 2022 to 2027.
- In addition, the growth momentum of the market will progress at a CAGR of 27.53% during the forecast period, according to Technavio.
- However, factors such as the Cost-effectiveness of conventional plastic over bioplastics may impede market growth.
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The biopolymers and bioplastic market is estimated to grow at a CAGR of 14.36% between 2022 and 2027.