Bioplastic Packaging Market, By Material (Biodegradable, and Non-biodegradable), By Type (Rigid and Flexible), By Application (Food & Beverages, Consumer Goods, Pharmaceutical, Industrial Goods, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI1256

Pages :187

Formats :

Excel and PDF

Industry : Packaging

Challenges: High production cost of bioplastic

The high production cost of bioplastic remains one of the major challenges restricting its mass adoption in the packaging industry. Despite positive environmental attributes, bioplastics are still more expensive to produce compared to conventional plastics. The existing petrochemical infrastructure also makes fossil fuel-based plastics cheaper. High costs limit bioplastics to niche applications and impact their price competitiveness in the marketplace.

Opportunities: Growing consumer demand for sustainable packaging

Growing consumer demand for sustainable packaging represents a big opportunity. Increased environmental awareness and preferences for eco-friendly solutions are driving consumers towards bioplastic packaging where available. Strict regulations aiming to curb single-use plastics also promote bioplastics adoption. As production scales up, costs are projected to decline making bioplastics more affordable and accessible to a wider range of end users.