Bioplastic Packaging Market 2023 Revenue, Growth Rate, Sales, and Forecast to 2030
Global Bioplastic Packaging Market - Overview Bioplastics are a biodegradable group of polymers that can be manufactured from renewable sources. Demand for conventional polymers are declining mainly due to the fact that they can last for a very long time, can be hazardous to current life and the ecosystem. Hence, the demand for Bioplastics is increasing rapidly. According to a recent study report published by the Market Research Future, The global market of Bioplastic Packaging is booming and expected to gain prominence over the forecast period. The Global Bioplastic Packaging market is forecasted to demonstrate an exponential growth by 2030, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2023 – 2030). Stringent government regulations against consumption of non-recyclable plastics driving the growth of the industry. For example, in 2008, the government of China launched policy to ban plastic bags and focus on bioplastic