Bioplastic is a sustainable material derived from renewable feedstocks. It has the potential to reduce 30-70%
of carbon dioxide emission. It represents approximately 42% reduction of carbon footprints. The production
of bioplastic requires 65% less energy than conventional petroleum plastic. The global bioplastics market is
evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby,
increasing production capacity. The adoption of bioplastic has increased tremendously across various
applications, owing to the advanced technical properties and functionalities.