7/11/2023 0 Comments Movies from 2017-2025![]() On the other hand, high production cost is likely to restrain the growth during the forecast period. Furthermore, increasing adoption in new end-user industries and encouraging government policies for the use of eco-friendly and biodegradable products are some of the main factors that would drive the market growth. ![]() Largely available renewable feedstocks and eco-friendly nature of bioplastics fuel its market worldwide. By 2020, the rigid plastic application would account for more than 40% of the market revenue.īioplastics are plastics that are made from the renewable feedstocks such as corn, sugarcane and cellulose among others. ![]() The key factors responsible for the increasing adoption of bioplastics in rigid packaging applications include, the growing environmental awareness among the consumers and notable curiosity of packaging industries towards biodegradability.
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