Bioplastics Market Is Projected to Reach $30.8 Billion, Globally, by 2020
Global Bioplastics Market would reach $30.8 billion by 2020, registering a CAGR of 14.8% during 2015-2020, according to a new report by published by Allied Market Research. The rising environmental awareness among the consumers and substantial curiosity of packaging industries towards biodegradability are the key factors responsible for the increasing adoption of bioplastics in rigid packaging applications. The rigid plastic application would account for more than 40% of the market revenue by 2020.
View full press release