Depleting Oil Resources to Drive Global Bioplastics Market in the Coming Years

Published On : Nov 26, 2014

Bioplastics are a form of plastics made by using renewable biomass sources such as microbiota, pea starch, corn starch, vegetable fat and oils. Bioplastics manufacturing industry also makes use of recycled plastics from bottles and other such containers using microorganisms. The global bioplastics packaging market, which includes packaging for food and beverages, has sure gained momentum in the recent years. Bioplastics packaging for food and beverages has made a mark for itself as there is a growing demand for food safety amongst consumers. The factors contributing to the growth of use of bioplastics in packaging in food and beverages is the need for “green” methods of packaging. As packaged items labeled “green”, “fair trade”, “locally sourced”, and “organic” are drawing positive attention from the global demographics. 

From a futuristic point of view, bioplastics will be able to reduce the petroleum consumption made by the whole plastic industry by about 15%-20% by 2025. In what follows, is a case about bioplastics for food and beverages indicating its need, the key growth factors for this market, lucrative opportunities, and the challenges it faces.

Overview of Bioplastics Packaging Market for Food and Beverages

As the world is witnessing climatic changes year after year, there has been a growing concern with the environmentalists and scientists to save the natural resources. It has definitely led to an increased healthcare awareness and proactive addressing of many environmental issues. As all these concerns are also garnering tremendous media coverage it has made consumers greatly aware of their purchasing decisions. All of these factors put together are fueling the bioplastics packaging market by creating need for better materials to package food and beverages.

The global bioplastics market has receiving copious amounts of attention from policymakers from the packaging industry as it is sourced from renewable resources, which bears a huge implication on sustainable development plans for the future. Governments in various countries are looking at ways to curb the use of non-biodegradable conventional plastics as they cause unnecessary emission of carbon dioxide, lead of toxic landfills, pollute water, negatively affect soil fertility, and impact public health. Owing to these reasons many governments have tried and implemented various policies to limit the use of conventional plastics and encouraging production of bioplastics. 

Bioplastics also bring in the advantage of attractive packaging, antistatic nature, offers better printability, acts as a better barrier to weather and handling, and thus, increases the shelf life of products.  Another noteworthy growth driver for the global bioplastics market is the technological advancement for improvement of the material for the packaging industry.  The growth of bioplastics market will also be fueled by increasing crude oil prices and depletion of oil as a resource. Developed and developing economies are investing heavily to transform their energy infrastructure and are thus expected to become a lasting growth driver for the global bioplastics packaging market for food and beverages industry.

The global bioplastics packaging market for food and beverages industry faces the biggest challenges such as tough recycling process. The complex procedure of separating bioplastics from disposable sites on the basis of their resin is the great ordeal of this industry. 

Key Market Insights of Global Bioplastics Packaging Market for Food and Beverages Industry

The global bioplastics packaging market for food and beverages industry covers a wide range of industries under its umbrella such as fruits, organic foods, beverages, vegetables, bread and other bakery products, and the field of catering which uses disposable items such as cups, plates, mugs, trays, and cutlery in an abundant amount. The global bioplastics packaging market for food and beverages market has been segmented on the basis of applications, products, and regions. The application segment includes food, beverage, and catering, while the product segment includes bio-PET, PLA and PLA blends, and starch blends. In terms of geography, the industry is studied on the basis of North America, Europe, Asia Pacific, and Rest of the World. Though bioplastics are far more green and clean than the convention plastic formula, scientists and environmentalists still raise questions about its quality of being truly environmentally friendly. However, it can be said for certain that the food and beverage industry will drive the bioplastics market on the road to success in the coming few years.

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