Bioplastics Market is Rising as renewable materials usage is Improving to protect the ecosystem from Pollution
Bioplastics Bioplastics are biodegradable materials derived from renewable resources that can be used to address the problem of plastic trash strangling the earth and polluting the ecosystem. Is it really necessary to keep using packaging that might take millennia to decompose in order to package things that only last a few days or months? Plastic is the world's third most widely used petroleum derivative; 200 million tonnes of plastic are utilised globally each year. It originates from a non-renewable (petroleum) source, is polluting, and is non-biodegradable (it can take more than 1000 years to decompose). The global Bioplastics Market is projected to surpass US$ 215 billion by the end of 2027, in terms of revenue, growing at CAGR of 25.8% during the forecast period (2020 to 2027). Bioplastic is widely used across food packaging, disposables, containers, pouches, shopping bags, etc. application. Bioplastics is an alternative option for Plastic- Bioplastics, which are made