B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
23%
23% -- market growth rate for global bioplastic market (2021-2026)
The global bioplastic market is projected to grow by an annual average of 23% between 2021 and 2026.
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
23%
Unit
Percentage
Data Vintage
2021-2026
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
LG Chem (citing market research institutes)
Primary
Tier B
https://www.bioplasticsmagazine.com/en/news/meldungen/20210914-LG-Chem-to-produce-100-Bioplastic-wit… ↗
Source Article
LG Chem, ADM partner on PLA project
Original Research
LG Chem (citing market research institutes)
· Original study ↗
Methodology
Projected annual average growth from 12 trillion won (2021) to 34 trillion won (2026), per market research institutes
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
global bioplastic market: 23% market growth rate. Source: LG Chem (citing market research institutes) (2021-2026). Via Lighthouse Intelligence -- https://lighthousedata.io/data/global-bioplastic-market-growth-rate
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<blockquote cite="https://lighthousedata.io/data/global-bioplastic-market-growth-rate" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>23%</strong> -- market growth rate for global bioplastic market<br><small>Source: LG Chem (citing market research institutes) (2021-2026) · <a href="https://lighthousedata.io/data/global-bioplastic-market-growth-rate" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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