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The bioplastics market size is forecast to increase by USD 253.98 billion at a CAGR of 39.04% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for eco-friendly and renewable feedstocks. Bioplastics offer superior eco-friendly properties, including biodegradability and carbon dioxide emission reduction, making them an attractive alternative to conventional plastics. The circular economy concept is gaining traction, leading to innovations in hybrid materials that combine the benefits of both bioplastics and conventional plastics. Moreover, the consumption of bioplastics in novel applications such as flexible packaging is on the rise. However, the cost-effectiveness of conventional plastics remains a challenge for the market. The Business Standard reports that while the price gap between bioplastics and conventional plastics is narrowing, it still presents a significant barrier to widespread adoption. International borders also pose challenges, as regulations and standards vary from country to country.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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