Persistence Market Research (PMR) states that over the past few decades, an advancement in the utilization of plastics, owing to rise in consumer demand for convenience and safety in the packaging of food and beverages, has been noticed. When discussing the packaging of food and beverages, phrases such as ’organic’, ’green’, ’locally sourced’, and ‘fair trade’ have been receiving the consumer’s attention in the past few years due to the growth in severity of climate change and increasing awareness about health and fitness.
Plethora of Environmental Advantages over Conventional Plastics Driving Bioplastics Market
The rising demand for bioplastics packaging for food and beverages is the outcome of various advantages of bioplastics over conventionally used plastics, such as their antistatic behavior, printability, glossy and attractive appearance, enhanced shelf life of fresh products, and enhanced barrier effect. Giant international companies are increasingly deciding to utilize bioplastics for their packaging. For instance, the Plantbottle program established by Coca-Cola consists of plastic bottles being manufactured with 30% plant-derived content. The ongoing technological development for enhancing the physical properties of bioplastics is yet another key driver of the bioplastics packaging market for food and beverages.
What are the Advantages of Nanotechnology-based Bioplastics in Food and Beverages Packaging?
The growing use of bioplastics that are based on the rapidly progressing field of nanotechnology for food and beverages packaging has opened several new applications for bioplastics in recent years. Nano-enabled packaging has several advantages such as environmental safety, food product safety, and enhanced performance characteristics. Starch-based bioplastics, in particular, are highly effective as barriers, which in turn makes them apt for packaging moist foods.
Complicated Extraction Process Restraining Global Bioplastics Packaging Market
In spite of the benefits, there are a few factors hampering the growth of the bioplastics packaging market for food and beverages. Complicated extraction of bioplastics from the site of disposal, on the basis of their type of resin, render the recycling process tougher. This acts as one of the key setbacks for the market’s growth. Though bioplastics have several advantages as compared to conventional plastics, which are oil-based, they still end up being more expensive. The cost gap is also a significant factor checking market growth of bioplastics packaging in developing economies.
To add on, there are a number of studies that suggest that bioplastics manufacturing could be hazardous to the environment. A number of questions have been raised in regard to their biodegradability, which makes it hard for key manufactures to bring about sweeping changes and switch to bioplastics.
Nonetheless, bioplastics have been gaining the attention of policymakers in the domain of packaging in the past few years owing to it being sourced through renewable resources. Governments in a number of countries are not in favor of the nonbiodegradable conventional plastic compost for landfills and have been preparing various policies and laws that restrain their usage. A large number of legislative reforms that are favorable for the bioplastics market and rapid development of new products fosters promising prospects for the bioplastics packaging market.