Currently, bioplastics represent about one per cent of the about 359 million tonnes of plastic produced annually. But as demand is rising and with more sophisticated materials, applications, and products emerging, the market is already growing very dynamically. According to the latest market data compiled by European Bioplastics, global production capacity of bioplastics is predicted to grow by 15 percent in the medium term, from around 2.11 million tonnes in 2019 to approximately 2.4 million tonnes in 2024.

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Bioplastics market data