In Canada, Precedence Research stated that the global bio-based packaging market size will reach $11.82 billion in 2025 and is projected to reach $34.4 billion by 2034,
“The bio-based packaging sector is propelled by mounting environmental concerns, strict regulatory frameworks, and shifting consumer preferences toward sustainable solutions. Companies are innovating with materials like PLA, PHA, algae, seaweed films, mycelium composites, and agricultural waste-based polymers that offer biodegradability, compostability, and reduced carbon emissions ideal for food, beverage, personal care, and healthcare industries,” the report stated.
“The Asia-Pacific region dominates the bio-based packaging market due to its strong manufacturing base, abundant availability of agricultural feed stocks such as corn, sugarcane, and starch, and rapidly growing consumer demand for sustainable alternatives. Rising urbanization, e-commerce growth, and increasing awareness of plastic pollution are further driving adoption across the food, beverage, and personal care sectors. Governments in countries like China, Japan, and India are implementing stricter plastic bans and offering incentives for eco-friendly packaging solutions,” it added.
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