Bioplastic Packaging Market Projected To Reach USD 50.57 Billion By 2030
San Francisco, 19 Jan 2023: The Report Bioplastic Packaging Market Size, Share & Trends Analysis Report By Material (Biodegradable, Non-biodegradable), By Type (Flexible, Rigid), By Application, By Region, And Segment Forecasts, 2022 - 2030 The global bioplastic packaging market size is expected to reach USD 50.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% from 2022 to 2030. The growth of the global plastics packaging industry is likely to be driven by the increasing consumption of plastics in packaging food, beverages, cosmetics, personal care, and consumer goods. Bioplastics are plastics that are made from renewable sources such as corn, sugarcane, potato, wheat, rice, vegetable oil, or cellulose. There are two types of bioplastics, namely biodegradable plastics and non-biodegradable plastics. Biodegradable plastics include polylactic acid, starch blends, PBAT, and PBS, while non-biodegradable plastics include polyet