Albany, NY -- (SBWIRE) -- 08/23/2018 -- In the age of green chemistry, plant-based plastic packaging is one of the greatest milestones ever discovered. Nevertheless, many private companies and government agencies have been working on research and development to make plan-based plastics packaging more established. Plant-based plastic are made from agricultural waste, sugar cane, switch grass or grasses and corn.

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Biodegradable nature of these plastics is expected to be the major factor driving the demand for plant-based plastic packaging market in the forecast period. Also, huge demand generated from giant end user companies including Coca-Cola Co., Ford Motor Co., H.J. Heinz Co. and Nike Inc. is another driving factor for the global plant-based plastic packaging market to increase the revenue.

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Plant-based plastic packaging helps to reduce greenhouse gases by up to 35% and takes up to 36% less energy to make as compared to conventional plastic packages. Several products are being launched in the global plant-based plastic packaging market. For instance, in April 2011, P&G (currently acquired by Coty Inc.) introduced its range of shampoos under the brand name Pantene rapped with plant-based plastic packaging.

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Coca Cola Company is another example of switching to plant-based plastic packing from traditional packaging. The company is focused to convert all the Coca Cola packaging made of plant-based by 2020 as per its green initiative plan.