Medical

Another dynamic shift in the plastics sector that has recently demonstrated significant growth through commercial acceptance, investments, manufacturing, and research & development is bioplastics. According to the European Bioplastics Association, bioplastics made up nearly 1% of the global polymer industry in 2021, and growth is anticipated to reach nearly an astounding 25% until 2026. Although consumer goods, flexible packaging, and rigid packaging currently account for 60% of bioplastics’ applications, the remaining 40% span a wide range of industries.