Complete Market Overview of Bioplastics Market from 2017 to 2025
Bioplastics are plastics derived from renewable feedstocks such as corn, sugarcane, and cellulose. Factors such as eco-friendly properties, availability of renewable feedstocks, and favorable government policies have enabled manufacturers to adopt bio-based plastics. Increase in adoption of biodegradable products and improving scope of bioplastics across end-user industries drive the growth of the bioplastics market. However, high production cost and comparatively limited performance standards as compared to traditional plastics hamper the market growth to a certain extent.
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