Bioplastics and biopolymers are sustainable alternatives to traditional plastics, derived from renewable biomass sources such as plants, algae, or bacteria. Unlike conventional plastics, which are typically derived from fossil fuels like petroleum, bioplastics and biopolymers offer several environmental advantages, including reduced carbon footprint and decreased dependence on non-renewable resources. Globally Bioplastics & Biopolymers Market” is poised to surge to USD 27.3 billion by 2027, reflecting a robust CAGR of 18.9%.
Europe stands out as a significant region in the bioplastics & biopolymers market, driven by high consumer demand for sustainable packaging materials. Government initiatives promoting the use of biodegradable plastics and the establishment of composting infrastructure further propel market growth. Key players in this region include BASF, TotalEnergies Corbion PLA, Biome Bioplastics, and Bio-On.
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.
