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The global plastics market is currently 250 million tons per year, valued at more than $400 billion US. As much as 90% of this petroleum-based plastics market could potentially be replaced with bioplastics.
Growth of the bioplastics market is projected at 22-35% per year into 2025, with bioengineered polymers expected to comprise up to13% of the plastic market by 2020. Demand is being fueled by key markets along the materials value chain that are experiencing a major convergence of drivers for development of green materials, including rising consumer demand, strong legislative incentives, and increasing and often unstable feedstock costs for traditional plastics.
 TerraVerdae BioWorks is targeting these rapidly emerging markets through a unique linkage of capabilities and technology to produce a range of performance biomaterials with broad applicability across many global market segments. The opportunity in these biomaterials markets exist both, in the displacement of petroleum-based materials and in the development of new biopolymers, as well as performance materials and novel biocomposites with enhanced properties.
Significant shifts in these markets are leading to urgent needs for creating high-value performance biomaterials that are lightweight, have improved barrier properties, and are flexible, durable, and biodegradable. TerraVerdae is addressing this opportunity through our initial product offerings targeting the automotive, industrial materials, specialty consumer, and agricultural markets, each valued at greater than $1 billion.
To learn more about TerraVerdae BioWorks, please contact us.
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