Global Market Insights: Bioplastic Packaging in Different Regions

The bioplastic packaging market was estimated at USD 14.38 billion in 2022 and is likely to grow at a CAGR of 16.58% during 2023-2028 to reach USD 36.10 billion in 2028.

Biodegradable plastics that are made up of biological substances without petroleum are termed bioplastics. They are generally produced with microorganisms, renewable raw materials, petrochemicals, or combinations of all three.