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 The Bioplastic market has witnessed growth in recent years on account of rising awareness for usage of bioplastic product fuelled by increasing danger posed by climate change and high consumer acceptance. The growth in this segment has been largely led by initiative taken by leading companies namely Nike, Ford etc over the past few years. With these developments, the global Bioplastic market have grown at a CAGR of 43% & 48%, production wise and consumption wise respectively from 2016-2020, says RNCOS in its latest research report.
 
According to our report, “Global Bioplastic Market Forecast to 2020”, the government has taken great steps in the form of policies and regulations. Asia is the largest Bioplastic market presently, globally, boasting the region's popularity mainly due to abundance of feedstock.
 
Currently, Bioplastic is widely used under the application of packaging which has driven the bioplastic market. The bioplastics are moving out of the niche and entering the mass market largely on account of new technological developments. Hence, immense opportunities are present in the Bioplastic sector for private players to invest.
 
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM821.htm
 
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