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Stock impact report

Bioplastics Market To Reach USD 64.2 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]

TEIJIN LTD ADR (TINLY) 
NASDAQ:AMEX Investor Relations: teijin.com/ir
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 29, 2024 (GLOBE NEWSWIRE) -- Demand for sustainability and alternatives drives the demand for bioplastics in the coming years. The growing importance of sustainability and circular economy is a major factor promoting market growth. Bioplastics is a sustainable alternative to traditional plastics, which requires less time to degrade and reduces fossil fuel consumption. They also produce a lower carbon footprint than fossil-fuel-based plastics and have many advantageous properties, such as biodegradability and recyclability. Bioplastics can be made from various renewable materials such as polysaccharides, lipids, proteins, and vegetable oils. They also contribute to a circular economy as virgin polymers are made from recycled or renewable raw materials. Additionally, the rising use of bioplastics across various industries such as food packaging, medical, construction, and automotive sectors is another factor propelling market growth. In the medical i Show less Read more
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