Growing concern regarding environmental protection by reducing the use of plastic bags has led to an increased adoption of bioplastic carrier bags. Bioplastic carrier bags serves as a valued alternative to fossil-based plastic carrier bags. Bioplastic carrier bags are manufactured partially or entirely from agricultural feedstock such as sugar cane, corn, potatoes, wheat and others through chemical and biotechnological processes.
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Use of renewable resources helps in saving up the scarce fossil resources. Bio-plastic carrier bags contain less carbon footprint as compared to conventional plastic bags. Bioplastic bags are available in various sizes, shapes, and thickness. Bio-plastic carrier bags are gaining widespread adoption across the globe because of its advantages over fossil-based plastic bags.
Bio-Plastic Carrier Bags Market: Market Dynamics
Currently, the bio-plastics carrier bags market is witnessing high demand across various industries such as food and beverage, pharmaceuticals, automotive, retail, health and personal care as they come in a wide range of attractive designs and shapes. Increasing consumer demand for the eco-friendly plastic carrier bags has led the plastic manufacturers to shift from traditional plastic bags to bio-plastic carrier bags.
Another significant factor that drives the bio-plastic carrier bags market is the re-usability characteristic which is highly preferred by the consumers. Government initiative towards purchasing eco-friendly solutions have further fueled up the demand for bio-plastic carrier bags market. Bio-plastic carrier bags market is expected to grow significantly during the forecast period because of its increasing usage in various industries as well as by the consumers.
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However, bioplastic carrier bags possess few restraints that can hamper the growth of the market. Produced from food crops that are genetically modified such as corn, bioplastics results in an interruption of the food supply. Corn plants contain a high amount of chemical pesticides that can be harmful while processing bioplastics. There is immense pressure on the crop production thereby impacting the food prices and agricultural process, due to the growth of bioplastic carrier bag manufacturing.