Market Dynamics:
The growth of the bioplastics market is attributed to growing environmental concerns due to rise in plastic waste. According to UN Environment Program, unless action is taken by 2050 oceans will contain more plastic than fish. The use of bioplastics helps in reducing plastic pollution as they are biodegradable in nature. Second major driver is stringent regulations regarding use of conventional plastics by various governments. Increasing need for eco-friendly products from various end use industries is also fueling growth of bioplastics market over the forecast period.

Key Takeaways
The Global Bioplastics Market Size is expected to witness high growth, exhibiting CAGR of 14.8% over the forecast period, due to increasing environmental concerns about disposal of single use plastics. Rising greenhouse gas emissions from plastic waste in landfills and oceans have fueled the demand for sustainable alternatives like bioplastics.

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