Global Bioplastics Packaging Market 2021 with 6.00% CAGR: Emerging Trends, In Depth Analysis of Industry Size and Share, Key Market Dynamics, Restraints and Forecast to 2028

 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 environmental health like soil pollution, rising awareness regarding the detrimental impact of plastics and increase in consumer demand for the use of green packaging for organic food are the major factors among others propelling the growth of bioplastics packaging market. Moreover, rising modernization and technological advancements in the packaging industry and rising growth of the e-commerce industry will further create new opportunities for the bioplastics packaging market in the in the forecast period of 2021- 2028.

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