In recent years, there has been a significant surge in global awareness and concern about environmental sustainability. One sector that has gained immense attention is the plastics industry, which is notorious for its detrimental impact on ecosystems. In response to this, the development and adoption of bioplastics and biopolymers have emerged as promising alternatives. This article presents a comprehensive research overview of the bioplastics and biopolymers market, highlighting key trends, growth factors, challenges, and future prospects.
The bioplastics and biopolymers market encompasses a wide range of materials derived from renewable sources such as corn, sugarcane, and algae, as well as bio-based polymers synthesized through microbial fermentation and other processes. These materials exhibit similar properties to traditional plastics but offer the advantage of being biodegradable and compostable, thus reducing environmental harm. The global Bioplastics & Biopolymers Market Size is estimated at USD 11.5 billion in 2022 and is projected to reach USD 27.3 billion by 2027, at a CAGR of 18.9% between 2022 and 2027.
Biome Technologies plc (LON:BIOM) is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.
