The 3 Best Bioplastic Stocks to Buy Now

Industry Overview - Plastics are a major contributor to environmental pollution, taking hundreds of years to decompose and leading to waste accumulation in landfills and oceans. This has prompted a shift towards more sustainable solutions, with bioplastics emerging as a significant industry [1][2] Company Analysis - BASF SE is the world's largest chemical producer, offering bioplastic products such as Ecovio and Ecoflex, which are compostable and used in various applications including packaging and agriculture. Despite a 10% drop in net sales and disappointing earnings per share, analysts believe its shares are undervalued [5][7][19] - Eastman Chemical is a leading firm in sustainable plastics, set to receive a $375 million investment from the Department of Energy for a new recycling facility, indicating strong growth potential in the bioplastics sector [9][10][21] - Dow is recognized as a strong investment option in bioplastics, having exceeded EPS and revenue projections in its first quarter, with a 12% return on shares over the past year, reflecting a healthy growth trajectory [13][14] Market Potential - The global market for bioplastics was valued at $7.49 billion in 2023 and is projected to grow significantly, expanding from $7.41 billion to $56.99 billion between 2024 and 2032, highlighting the lucrative opportunities within this niche [11]