The global bioplastics & biopolymers market reached USD 10.81 billion in 2021 and is projected to expand at a 22.8% CAGR throughout the forecast period. Bioplastics are either biobased, derived from sources like corn or sugarcane, or biodegradable, capable of breaking down into biomass via bacteria and enzymes, offering a faster natural degradation compared to conventional plastics, thereby lessening environmental impact.

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