Experts forecast that the global market size of bioplastics and biopolymers will grow from USD 10.7 billion in 2021 to USD 29.7 billion in 2026, at a CAGR of 22.7 % from 2019 to 2027.

Recently, governments have stepped up efforts to protect non-renewable resources. This transition to sustainable energy sources has paved the way for the growth of the global bioplastics and biopolymers market. At the same time, consumers are aware of the negative effects of petroleum-based plastics. As a result, manufacturers are using plant-based materials to produce plastics, impacting the growth of the bioplastics and biopolymers market.