Bioplastic packaging market expected to grow to $73.6 billion by 2034 due to demand for sustainability

From GlobeNewswire: 2025-01-20 07:30:00

The Bioplastic Packaging Market was valued at USD 17.6 billion in 2024 and is projected to reach USD 73.6 billion by 2034, driven by consumer demand for sustainable packaging solutions. Challenges like high production costs and limited recycling infrastructure persist, requiring investments in technology and development. The market is segmented by material, with biodegradable options seeing significant growth at a CAGR of 18.5%. Flexible packaging leads the market, offering lightweight and adaptable solutions. North America holds a notable market share, with the U.S. market driven by consumer demand and regulatory pressures. Key players in the industry include Amcor, NatureWorks, and Stora Enso. Global Market Insights Inc. offers in-depth industry coverage and forecasts for the bioplastic packaging market, segmented by material, packaging type, and end-use industry.



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