This Frost & Sullivan analysis discusses bioplastic's repercussions on sustainability and the fossil fuel price impact on bioplastic demand. This is a global analysis, which is segmented by end application. Demand and revenue are established in terms of finished polymers, with their respective units being kilotons and the US dollar.
• Today, the vast majority of plastic is still made from fossil fuel and is designed to be durable. However, the twin challenges of reducing fossil fuel consumption and decreasing plastic waste brought in some significant changes to the plastic industry in 2022.
• The opportunities in the plastic industry depends on participants' recycling and waste material management efforts. In this sense, bioplastic offers an alternative source and a different end-of-life process, with some of it being biodegradable and/or compostable in industrial or household facilities.
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