Bioplastic composites are materials that are made by combining natural fibers or other filler materials with bioplastics. These are used to manufacture various products using injection molding technology. Key end-use industries include packaging, consumer goods, automotive and transportation, building and construction etc. Bioplastic composites exhibit properties of both plastics and natural materials, making them strong as well as biodegradable.
The growth of the bioplastic composites market for injection molding will be driven by increasing demand for biodegradable and sustainable products from end-use industries. Stringent regulations regarding the use of conventional plastics is also propelling the demand. Additionally, advances in injection molding technology has enabled mass production of complex products using bioplastic composite materials. However, high production costs and limited sources of raw materials continues to hamper the market growth. To overcome these challenges, players are focusing on developing cost-effective production techniques and identifying new bio-based raw materials.
The Global Bioplastic Composites Market Size for injection molding is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing environmental regulations on use of single-use plastics. Countries worldwide have implemented bans on plastic bags and polystyrene containers which is driving demand for bioplastic alternatives.
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