The Bioplastics Manufacturing industry has experienced steady growth over the past five years, thanks to concerns over petroleum-based plastics and the rise of crude oil prices. Those concerns combined with a steady flow of government research assistance enabled the industry to thrive even through the recession. In the five years to 2019, IBISWorld expects that a stronger economic environment, expansion into new markets and positive legislation will benefit demand for industry products.
This industry manufactures bioplastics, organic plastics derived from renewable biomass sources. Designed to biodegrade, bioplastics are made from sources such as vegetable oil, cornstarch, pea starch or microbiota.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.