The Insight Partners Bioplastic Packaging Market | Page 3

Bioplastic Packaging Market
Plastic packaging is extensively used in the range of application such as FMCG, food &
beverages, pharmaceutical, consumer goods, etc. This increased use of plastic in several
application is responsible for rising plastic pollution. Thus, recycling and reuse of plastic are
becoming foremost important for innovation and sustainability. Moreover, conventional
plastic is expected to become more expensive in the future with diminishing raw material
sources. During the last few years, bioplastic has influenced the plastic industry through
innovation for more resource efficiency, functionality, and sustainability. Bioplastic is playing a
significant role to increase recycling targets and waste management by substituting
petroleum resources with renewable resources. Bioplastics are manufactured using
renewable plant-based resources which offer low toxicity, better recyclability, and high bio-
degradability. These factors are having a significant impact on the growth of bioplastic
packaging market.
Read More at : https://www.theinsightpartners.com/reports/bioplastic-packaging-market