Bioplastics Packaging Market Size Anticipated to Observe Growth at a Steady Rate of 14.88% for the Study Period 2021-2028
Market Analysis and Insights : Global Bioplastics Packaging Market The bioplastics packaging market will grow at a rate of 14.88% for the forecast period of 2021 to 2028. Rise in the concerns and regulations regarding the usage of plastics from the various authorities is an essential factor driving the bioplastics packaging market. Bioplastics are a special category of plastic which are sourced or created from renewable biodegradable products, such as oils, cellulose, starch, fats, straws, alcohols, acid among others. They are degradable, and are already in consumption from different industrial verticals such as consumer goods, pharmaceutical and food & beverages market. Rising shift in consumer preference toward recyclable and eco-friendly materials is the major factor escalating the market growth, also increasing downsizing of packaging, increasing breakthrough in new technologies and innovations, rise in non-biodegradable materials, rise in public awareness about the envir...