Global bioplastics for packaging market to reach $7.2 bn by 2022

The global bioplastics for packaging industry is forecast to grow from 2017-2022 at an annual average rate of 17 percent to a market value of almost $7.2 billion, according to Smithers Pira’s new research report, ‘The future of bioplastics for packaging to 2022’.

Bioplastics for packaging markets currently represent a very small share of the global plastic packaging market value, but it will grow very strongly - more than doubling in value across the forecast period.

“The most successful organisations in this fast developing segment will be those that most effectively meet the remaining key challenges facing the commercial adoption of bioplastics