Global bioplastics for packaging forecast to grow by 17% CAGR to 2022
The global bioplastics for packaging industry is forecast to grow from 2017–2022 at an annual average rate of 17% to a market value of almost $7.2 billion according to a new report from Smithers Pira (smitherspira.com).
According to the report, “The Future of Bioplastics for Packaging to 2022,” bioplastics for packaging markets currently represent a very small share of the global plastic packaging market value, but it will grow very strongly – more than doubling in value across the forecast period.