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Bioplastics market set to grow rapidly

The global market for bioplastics is set to grow by 8-10% annually, increasing its value from $1bn (€0.6bn) in 2007 to $10bn (€6.4bn) by 2020.

New applications in the automotive and electronics sectors will drive the growth, although packaging will remain the dominant market. This is despite its share forecast to fall from 65% in 2007 to 40% in 2025.




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