The Global Bioplastic Packaging Market was valued at USD 8.19 Billion in 2020 and is expected to reach USD 34.82 Billion by year 2028, at a CAGR of 19.9 %. Bioplastics are plastics made from biomass sources which are renewable in nature, such as, corn starch, waste food, vegetable fats and oils, etc. Bioplastics are generally derived from sugar derivatives consisting of cellulose, starch and lactic acids.
Source: https://www.reportsanddata.com/report-detail/bioplastic-packaging-market