Global demand for bioplastics will rise 19% per year to 950,000 metric tons in 2017

Gold Plast Collection, Materbi by Novamont
Gold Plast Collection, Materbi by Novamont

According to a new study on “World Bioplastics” published by The Freedonia Group, global demand for biobased and biodegradable plastics will rise 19 percent per year to 950,000 metric tons in 2017. The bioplastics industry, while still in the emerging growth phase, has established itself as a fixture in a number of commercial markets and applications. Robust growth in demand is expected in virtually all geographic markets, stimulated by consumer preferences for sustainable materials, the increased adoption of bioplastics by plastic processors and compounders, and new product development that expands the range of uses for bioplastics.

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