Biopolymers are perceived as renewable, sustainable, and carbon neutral form of materials which are produced from renewable plant materials. Bio based polymers are considered to be an effective alternative to the conventional polymers and are being increasingly used in packaging industry to produce environment-friendly materials. Consumer awareness regarding impact of conventional plastic, stringent government regulations, and need for sustainable packaging solutions are few of the factors driving global biopolymers packaging market. The majority of biopolymers do not biodegrade, still they are preferred as they are formulated using bio-based resources and can get recycled.
SURGE IN NEED FOR SUSTAINABLE PACKAGING SOLUTION TO INFLUENCE THE BIOPOLYMER PACKAGING MARKET GLOBALLY
Plastic packaging is extensively used in a wide range of applications such as FMCG, food & beverages, pharmaceutical, consumer goods, etc. The increasing application of plastic in several end-user industries is responsible for rising plastic pollution. Thus, the recycling and reuse of plastic are becoming of utmost importance for innovation and sustainability. Moreover, conventional plastic is estimated to become more expensive in the future with diminishing raw material sources. Since the last few years, bioplastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability. The biopolymer is playing a significant role in increasing recycling targets and waste management by substituting petroleum resources with renewable resources. Biopolymer is manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability. Moreover, many of the industry players are switching towards bio-based materials from fossil-based resources in order to offer biodegradable solutions for packaging and other products. With the growing population and the increase in demand, packaging manufacturers are finding innovative ways to meet the increased demand for renewable plastic with improved quality of the products. Thus, the rise in demand for sustainable packaging solutions is fueling the growth of global biopolymer packaging market.
