Bioplastics are basically a biodegradable group of polymers which can be synthesized from renewable sources. Conservational polymers are increasingly becoming unpopular because of the fact that they can last for a long period, can be hazardous to present life and the ecosystem, and rely on the Oil & Gas industry for raw materials. However, conventional plastics are used in a large number of industries as material for electronics, packaging, casings, and other products.

According to the statistics, plastics are presently the third most frequently used byproducts from the Oil & Gas industry and the consumption rate of polymers has spanned around 200 million tons each year. Various countries are trying to stop the use of conventional plastic bags. Enormous deposits of polymers in the ocean are responsible for an increased death rate of aquatic flora and fauna due to either digestion or by getting stuck in them.

Individuals, nations, and private agencies are objecting very strongly against the vast use of plastics, by endorsing the use of bioplastics or biodegradable plastics. Bioplastics can be produced form naturally occurring polymer claims in potatoes, agriculture waste, cellulose, and corn starch. Such plastics are totally biodegradable, have a far smaller lifetime than conventional plastics, and they are already in use in pharmaceuticals and healthcare, packaging, agriculture, and textiles.

Bioplastics have been developed to reduce the problems initiated by conventional plastics. Bioplastics are manufactured from the biodegradable feedstock that means they could degrade in the soil like some other organic matter. The global bioplastic packaging market has been largely driven by the growing awareness among the population regarding the contrary effects of conventional polymers. Polylactic and Bio-PET acid are important types of bioplastic packaging materials.

The rising awareness among the general population regarding the environmental impact of their lives is another major driver for the global bioplastic packaging market growth. Bioplastic packaging can be used as a USP by a number of packaging companies directing environmentally conscious customers.

Currently, Europe is one of the largest regional bioplastic packaging markets. The EU has been supportive of numerous environmental defense initiatives and several countries in Europe have incentivized bioplastic packaging, boosting the local bioplastic packaging market. Once the price gap among conventional plastics and bioplastics is eliminated, the Asia Pacific region could make fast development in the bioplastic packaging market across the globe.

Major innovative technologies will develop into the coming years. Various companies are discovering the expansion of bioplastics by using carbon dioxide as a raw material. The process which converts raw material into a beneficial product is huge, however, the material manufactured using this technique will demonstrate commercial feasibility eventually depending on whether this new plastic are cost effective to manufacture.