Tag: Bioplastics production

Global bioplastics production is set to triple by 2028, driven by increasing demand and the emergence of sophisticated applications. Despite challenges such as the climate crisis and disrupted value chains, the capacity for bioplastics production is on the rise, according to European Bioplastics. Bioplastics offer alternatives to conventional plastics across various industries, with packaging being the largest market segment. The industry is currently producing at nearly full capacity, with an average utilization rate of 82% in 2023.