Bioplastic packaging continues growth

Precedence Research, a worldwide market research and consulting organization, has found that the bioplastic packaging market size is expected to approach $58 billion by 2032, with a corporate annual growth rate (CAGR) of 14.02% over the next decade.

Valued at $15.6 billion in 2022, bioplastic packaging has seen an increase in demand and popularity thanks to its sustainability and environmental benefits in light of tighter government restrictions of single-use plastics.

Biome Technologies plc 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.

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