๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐ฎ๐ข๐๐ ๐๐๐จ๐ฎ๐ญ - ๐๐ข๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ [๐-๐๐๐ ]
Bio-plastics Market size is forecast to reach $21.7 billion by 2030, after growing at a CAGR of 17.2% during 2024-2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ @ https://lnkd.in/gmyaQXA7
#Bioplastics are #plastics #materials that are made up of renewable #biomass sources which include vegetable fats and oils, corn starch, straw, woodchips, sawdust, recycled food wastes, among others. Bioplastics are being increasingly used to reduce the problem of plastic waste that is suffocating the planet and contaminating the environment along with this the production of #bioplastic requires 65% less energy than conventional petroleum #plastic.
With a rise in the consumption of eco-friendly products and wide usage of bioplastics in various industries such as, #transportation, and food industries, the bio-#plastics market is witnessing an increase in its demand. Bio-plastics composites reduce landfill wastes, release much lower #carbon footprint, and decrease volatile organic compound emissions. In addition, government and #environmental governing bodies around the world have imposed various policies to encourage the use of bio-based products which fuels the growth of bio-plastics market.
๐ ๐๐๐ญ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://lnkd.in/gCnv22Y2
๐๐จ๐ฉ ๐๐๐๐๐ข๐ง๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐: DSM | Mitsubishi Corporation | Footprint | LG Chem | Coperion | Kaneka Green Planetยฎ | Sterling Parfums Industries LLC | Cedo |Mitsubishi Corporation American Chemical Society |DEMGY | Napco National Packaging
