Plastics play a major role in several industrial applications owing to their properties such as elasticity (plastikos-elasticity), cheap availability, durability, convenience in packaging, and various other features. However in current times; its usage has posed severe irreversible threats to the environment and its species owing to its non-biodegradable nature. The development of bioplastics and their commercialization has thus become the need of the hour. The ideology of producing bioplastics from agro-based wastes proves to be an innovative solution to the aforementioned issue. This article reviews the production of bioplastic from banana peel via various methodologies and its applications. The additives used for its production and the testing methods revealed that the end product met all standard requirements to act as a replacement for synthetic plastic.