Biodegradable Packaging Materials Market - Global Industry Analysis, Growth, Trends, and Forecast 2016 – 2024

A plastic material can be called as ‘bioplastic’ if it is either bio-based, biodegradable, or possesses both the properties. The term ‘bio-based’ means that the material or product is (partly) a resultant of biomass (plants). Biomass used for bioplastics is produced from the stems of crops, such as corn or sugarcane.

Biodegradation refers to a chemical process under which microorganisms that are present in the environment transform materials into natural substances, such as water, carbon dioxide and compost.

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However, users are often not clear with the term ‘biodegradation.’ A bioplastic called ‘polylactic acid’ is derived from the plant feedstock and is not biodegradable. This proves that bioplastics are not always biodegradable. However, PET bio-plastic is recyclable just like PET made from natural gas and oil feedstock, as they are chemically the same.

Bioplastic packaging refers to use of bioplastics in packaging materials. The global bioplastics packaging market is expected to witness a strong growth owing to the increasing consumer awareness about nature friendly products and changing inclination of consumers towards sustainable products. Other growth drivers for the bioplastic packaging market include increased focus on sustainable packaging by brand owners and retail companies, global rise in implementation of plastic bag bans, etc.

In terms of geography, Europe is expected to be largest market for biodegradable plastics, in view of the strict government regulations against usage of non-recyclable plastic in the region. The European government has been taking major steps for increasing the usage of bio-based products for sustainable environment. Even the Government of India (GoI) has also been taking measures against the usage of plastic bags, which in turn is expected to have a positive impact on growth of the global bioplastics packaging...