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Bioplastics Market to Grow at a CAGR of 27.53% Driven by Changing Consumer Preferences Read More: https://bit.ly/3Q6nkv6 The bioplastics market is poised for steady growth over the next five years, driven by the emergence of bio-based and renewable raw materials, and changing consumer preferences towards eco-friendly packaging. According to Technavio's latest analysis, the market is expected to generate an incremental growth of USD 114.24 Bn in revenue from 2023 to 2027. Key market drivers: Prominence of bio-based and renewable raw materials Changing consumer preferences towards eco-friendly packaging Growing awareness of the environmental impact of conventional plastics Key market challenges: Cost-effectiveness of conventional plastic over bioplastics Low durability of bioplastics #bioplastics #renewablerawmaterials #ecofriendlypackaging #sustainablepackaging #marketresearch

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