The recent study based on Bioplastics Packaging for Food and Beverages revealed that the market was worth USD 3,191.3 million, which is going to be escalated at a yearly rate of 36.8% from 2014 to 2020 to hit the revenues of USD 28,503.6 million.
It has been a long since the usage of plastic is growing due to the fact of dynamic exposure in consumer food and beverage segment and emerging consumer reservations related to safety and easy handiness. The reasons behind for gaining the attention of consumers for food and beverages packaging are its environmental sustainability, organic, fair trade, climatic changes, Pro-health and easy local availability. Moreover, the trend in switching towards Bioplastics Packaging is also occurred due to excessive awareness provided through media channel and set the criteria for the consumers before making decisions.
There are number of industries that have already started using Bioplastics packaging for cost cutting and meeting their corporate social responsibilities as well. Such industries consist of processing foods, organic foods, brews, bakery items, and number of other categories.
The industry has also made a mark in attaining the attention of industry’s legislative authority to consider and use Bioplastics in packing due to ease extraction from recycling process and helps in building sustainable society. In fact, most of the country’s officials have formulated certain guiding principles to limitize the usage of non- Bioplastics and also for land filling.
On the other hand, a huge array of advantages are also associated which act as the forces for its boosting demand in comparison with traditional plastic for instance eye catching manifestation, highly printable, enhanced storage life for keeping food fresh, , antistatic behavior and barrier effect. The researchers are still working in grooming and enhanced the properties of bioplastic which may also enhance the growing consumption in food and beverage sector.
With the invention of nano-technology, the bioplastics has created and uncovered many different applications within the food and beverage industry since a long. This technology allows the packaging to be preserved, sustainable and more advanced in terms of properties.
The industry has made strategic alliance with number of big-shot companies in the food and beverage sector for rejoicing the significant market share. Even, some extra reforms by the policy makers and latest developments will further create the opportunities for Bio-plastic packaging industry.
