Future Market Insights (FMI), in its latestreport titled, "Global Bio-plastics Market Analysis and Opportunity Assessment, 2014–2020",estimates that the global bio-plasticsmarket is expected to account for $43.8Bn by 2020, registering a CAGR of 28.8% during the forecast period. A growing beverage packaging industry,government support for adopting bio-based materials, and rising consumer acceptance for bio-plasticsare expected tocontribute to the growth of the global bio-plastic market over the forecast period.