What role does Bio-Based play within circular economy
Worldwide production of bio-based products is predicted to grow from approximately $203.3 billion in 2015 to $400 billion by 2020 and $487 billion by 2024.* The opportunities are there, and the bio-based sector needs to have the right conditions to build on the growing appetite for bio-based products. Value-chain integration, efficient production processes, and regulatory and financial support are all key to success. Questions remain however over how bio-based products and fuels fit into the current sustainability landscape. Governments and brands are emphasizing the need for the recycling of waste streams. The bio-based sector can play an important role within the realisation of this circular economy.
Originally published on Bioplastics News. Click here for the full article