Siliconindia Magazine

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Pacogreen: Spearheading The Bioplastic Revolution In India

We will not 'recycle' our way out of the plastic pollution crisis: we need a systemic transformation to achieve the transition to a circular economy - Inger Andersen, UNEP Executive Director.

The global Bioplastics market size is expected to hit around $63.55 billion by 2032 registering a compound annual growth rate (CAGR) of 18 percent between 2023 to 2032. This industry is seen as a ray of hope, combating the seemingly ever-increasing single-use plastic pollution crisis. Derived from sources such as cornstarch and vegetable fats, bioplastics have emerged as the most viable solution for the single-use plastic pollution crisis, acting exactly like plastic - but without the harmful after-effects.