The global plastics industry churns out over 400 million metric tons annually, with millions of tons polluting the oceans. Recycling efforts have stalled, but bio-based alternatives are emerging as a game-changer. While bioplastics currently represent less than 1% of total production, surging demand and regulatory support are driving exponential growth. With projections showing an 18% CAGR over the next four years, the sector is primed for transformation.
Bioplastics are gaining traction as a sustainable solution to the world’s plastic crisis. Industry expert Michael Carus, CEO of the German nova-Institute, underscores the growing importance of bio-based polymers in global markets. His latest analysis highlights polylactic acid (PLA) as the frontrunner among plastic alternatives, with major producers ramping up capacity to meet rising demand. Regulatory shifts are also accelerating adoption, particularly in Europe. The European Union’s Packaging and Packaging Waste Regulation (PPWR) sets legally binding targets for reusable, compostable, and bio-based packaging by 2028. Companies that fail to adapt risk falling behind both in compliance and consumer appeal.
With sustainability now a priority, governments are enforcing stricter policies, businesses are investing in alternative materials, and consumers are demanding eco-friendly options. The transition from fossil-based to bio-based plastics is no longer just a possibility—it is the future.
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.
