Growing environmental concerns have increased the adoption of bio-based plastics in several end-user industries such as food and beverages, fiber and textile, paper and printing, and electronics. Stretch and shrink films are widely used in these end-user industries for packaging of materials. The increasing benefits of bioplastic packaging are expected to encourage packaging manufacturers to move toward bioplastics. Though the adoption rates are slow compared to conventional plastics, the bioplastics segment is expected to completely replace the conventional plastics over time due to rising environmental concerns. Thus, the advent of bioplastics is one of the key trends that will support market growth during the forecast period.