Global Bio-Plastic Packaging Market is accounted for $16.80 billion in 2021 and is expected to reach $57.28 billion by 2028 growing at a CAGR of 16.6% during the forecast period. Bioplastics are plastic materials produced from renewable biomass sources, such as vegetable fats and oils, corn starch, straw, woodchips, sawdust. Bioplastics are biodegradable materials that come from renewable sources and can be used to reduce the problem of plastic waste that is suffocating the planet and contaminating the environment.
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By geography, Asia Pacific is projected to hold the highest market share, owing to growing packaging industry in various countries such as India and China. Furthermore, China launched a policy to increase manufacturers focus on bioplastic products for packaging. Asia-Pacific province is anticipated to grow significantly, owing to the several government initiatives regarding the waste management across economies such as China, India, and Japan.
Some of the key players profiled in the Bio-Plastic Packaging Market include Amcor, BASF, Biotec, Braskem, Cargill, Clondalkin, Coopbox, Corbion, DowDuPont, Eastman Chemical Company, Taghleef Industries, Greendot, Huhtamaki, Koninklijke DSM N.V, NatureWorks, Novamont, Perstorp, Toray Industries, Inc., Roquette, Sealed Air, Sonoco, Sphere Tagleef Industries, Tereos.
Types Covered in Bio-Plastic Packaging Market
• Biodegradable Plastics
• Non-Biodegradable Plastics
Packaging Types Covered:
• Rigid Packaging
• Flexible Packaging
Applications Covered:
• Agriculture and Horticulture
• Consumer Goods
• Cosmetic Personal Care
• Electronics
• Food and Beverages
• Medical & Healthcare
• Pharmaceuticals
• Textiles
End Users Covered:
• Raw Material Suppliers/Buyers
• Product Suppliers/Buyers
• Research Institutes
• Manufacturers/Producers
• Agricultural Sector
• Research Laboratories
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