Biodegradable Packaging Materials Market - Global Industry Analysis, Size, Share, 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.

The bioplastics packaging market can be segmented on the basis of end use industry into food and beverages, pharmaceuticals industry, electronics, and others. On the basis of material type, the market can be segmented into bio-PET, PLA and blends, starch blends, bio-PE, and others. On the basis of product type, the market can be segmented as flexible packaging and rigid packaging.

In terms of geography, Europe is expected to be largest market for biodegradable plastics, in view of the strict government...