The non-biodegradable plastic segment contributed the largest revenue in 2018

For the period 2018-2024, the market for bioplastics is expected to reach $68.57 billion, registering a CAGR of 18.8 percent over the six years, the report by Portland, Oregon-based AMR added.

While Europe accounted for more than two-fifths — 40 percent — of the total market share and is expected to continue its lead position throughout the forecast period, Asia Pacific is expected to register the largest growth rate with a CAGR of 20.4 percent.

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Article and photo from plasticsnews.