[Hyderabad, April 25th, 2025]- The global bioplastics market is projected to grow from USD 10.2 billion in 2023 to USD 27.3 billion by 2031 (13.1% CAGR), according to ClearView Market Insights' latest industry report. Innovative materials that degrade in seawater, withstand high heat, and utilize waste feedstocks are overcoming traditional performance barriers.
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2024 Market Transformations
- Packaging Revolution: PepsiCo launches 100% compostable snack bags in EU markets
- Agricultural Shift: 30% of California farms adopt soil-biodegradable mulch films
- Medical Advancements: FDA clears first PHA-based surgical mesh
Regulatory Accelerators
- EU Packaging Regulation: Mandates 65% compostable packaging by 2027
- UN Plastic Treaty: 134 nations agree to ban non-degradable plastics in FMCG
- U.S. Federal Procurement: Requires biobased content in all disposable items
Key Benefits Driving Adoption:
- Marine-safe formulations (180-day seawater degradation)
- Carbon-negative production (UBQ's waste conversion)
- Price parity with conventional plastics by 2026
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Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.
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ClearView Market Insights
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