Bioplastics

Recycling - Waste Management

As per the science, biomaterials are about fifty years old. The study of biomaterials is called biomaterials science. It has experienced static and strong growth over its history, with many companies investing large amounts of money into the development of new products. Biomaterials science treats elements of medicine, biology, chemistry, tissue engineering and materials science. Though they still account for only a small share of the plastics market as a whole, bioplastics have become a real alternative to standard plastics produced from petrochemical feedstock’s. The term 'bioplastics' is used for a whole range of various products with different properties and applications. In its recently published study, the market research institute .Markets and Markets is a global market research and consulting company based in the U.S. at a time of 2012-2017. The global market for biomaterials is estimated at $44.0 billion in 2012 and is poised to grow at a CAGR of 15% from 2012 to 2017 to reach out $88.4 billion by 2017.