The global bioplastics market will grow at an average annual rate of 8% to 10%.
Bioplastics refer to the plastics produced by microorganisms on the basis of natural substances such as starch.
It is renewable and very environmentally friendly. At present, many countries have carried out relevant research.
It was reported that the global bioplastics market will grow rapidly, with an average annual growth rate of 8% to 10%, from $1 billion in 2007 to $10 billion in 2020.In 2007, bioplastics accounted for about 10-15% of the plastic market, and it is expected to reach 25-30% by 2020.