Global Bio-Plastic Packaging Market Reach $57.28 Billion by 2028
According to Stratistics MRC, the Global Bio-Plastic Packaging Market is accounted for $16.80 billion in 2021 and is expected to reach $57.28 billion by 2028 growing at a CAGR of 16.6% during the forecast period. In Europe, supportive government policies include helping consumers give preference to buying bio-based products. Also in the EU, member states are reducing taxes on bio-based products, owing to stringent government regulations against the consumption of non-recyclable plastics and increasing awareness about sustainable packaging in manufacturing industry in various countries in this province. In the coming years, emerging countries are expected to undertake environment-friendly approach for packaging solutions due to strict regulations and supports by the governments. Some of the key players profiled in the Bio-Plastic Packaging Market include Amcor, BASF, Biotec, Braskem, Cargill, Clondalkin, Coopbox, Corbion etc.