In the landscape of sustainability and environmental consciousness, the global bioplastics packaging market stands as a beacon of hope to reshape the way we package goods for generations to come.
With a projected expansion at a remarkable CAGR of approximately 12.5 per cent, the market is set to soar to unprecedented heights, reaching a staggering US$ 8,913.1m by 2033, from its current valuation of US$ 7,678.7m in 2022, according to Persistence Market Research Report.
Driving Forces of Change
The surge in demand for bioplastics packaging is intricately woven into the fabric of sustainability trends sweeping across industries worldwide. From food and beverages to catering, the adoption of bioplastics is accelerating, fuelled by a collective desire to reduce plastic pollution and embrace eco-friendly alternatives.
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.
