Consumers are demanding cleaner packaging and a move away from petroleum-based plastics. Bioplastics have become the fastest growing segment in the plastics industry.
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good natured noted that macro trends should “continue to drive demand for alternatives to petroleum-based plastics—regulatory pressure, consumer demand for products that are free from hazardous chemicals, corporate sustainability objectives to reduce reliance on fossil fuels, and increased attention on overall food safety and packaging materials.”
The company stated that it expects “revenues for the fiscal year ending Feb. 28, 2018, to grow by 50% year over year to approximately $3.1 million.”