Bioplastics Market Projected To Reach USD 43.7 Billion By 2030
San Francisco, 13 Oct 2022: The Report Bioplastics Market Size, Share & Trends Analysis Report By Product (Biodegradable, Non-biodegradable), By Application (Packaging, Agriculture, Consumer Goods), By Region, And Segment Forecasts, 2022 - 2030 The global bioplastics market size is expected to reach USD 43.7 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.1% from 2022 to 2030. Bioplastics are plastics that are made from renewable sources such as corn, sugarcane, potato, wheat, rice, vegetable oil, or cellulose. There are two types of bioplastics, namely biodegradable plastics and non-biodegradable plastics. Biodegradable plastics include polylactic acid, starch blends, PBAT, and PBS while non-biodegradable plastics include polyethylene, polyethylene terephthalate, polyamide, and polytrimethylene terephthalate. The global bioplastics plastics market is highly competitive and fragmented in nature, with the presenc