What's driving growth in bio-based plastics right now?

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Trying to get a quick read on the bio-based plastics space for a client deck. Anyone tracking the key demand drivers lately?

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Priya Sharma · Answer

Three things jumping out right now: tightening EU single-use plastics regulation, major CPG brands hitting 2025/2030 sustainability commitments, and improved price parity as PLA/PHA production scales up. Brand pressure from retail partners (especially European grocers) is also pushing faster adoption than most people expected. If you need numbers, BASF and NatureWorks both published decent market sizing updates in late 2023 worth pulling for the deck.

What's driving growth in bio-based plastics right now?

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