What is Impacting the Markets and Technologies for Bioplastics?

Posted in Materials by Adolf on Jan 5,2022 494

We have read a lot about plastics and its harmful effects to our ecosystem. Despite of knowing the fact we cannot ignore that a majority of our daily use products are made out of plastic. Hence, without even giving a second thought we tend to use and waste plastic products, which not only stack our landfills, but also cannot be recycled easily. True to its nature, plastic is found to be more convenient, inexpensive and a durable product for use in the long run. From large to micro sized objects, plastic is used in every part of the industry due to the versatile properties and low cost methods to manufacture it.

Since it was detected not only as a hazardous material, but also impossible to recycle, innovators came up with the idea of creating bioplastic or biodegradable plastic. Bioplastic material is different, as they are derived from natural resources such as agricultural, cellulose, potatoes, corn starch waste corn oil, orange peels and plants. It represents a new generation of plastics that reduces the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions. Therefore, it will more easily break down and decompose than traditional plastic will.

Food sector is the biggest consumer of bioplastic. However, due to the light weight and durable nature of the material, this plastic has been found to be useful for medical devices, as they are easy to sterilize, robust and aid better during surgeries. Besides, bioplastic it is also helpful in the aerospace and automotive industry, electronic industry and the cosmetics industry.

This new age plastic is made from renewable resources such as biomass or food crops. There is also some potential development of bioplastics from animal resources. Plastics that could be produced from waste CO2 are also being reviewed because of their potential impact on bioplastics. Besides, bioplastics are further defined as polymer materials that are produced by chemically or biologically synthesizing materials that contain renewable organic materials.

Compared to the conventional materials, the price of bio-plastic products is too high and it is hard to expand massively, as most of the retailers are reluctant to purchase bio-plastic products due to low demand. However, in some of the Asian countries, the rising demand and the government's growing support for bioplastics has proved as a way to improve the living standards of the people, especially in the rural regions. In a way, the developing countries such as China, Thailand and Brazil are also emerging as bioplastic manufacturing centres.

The exclusive market research report about the Global Markets and Technologies for Bioplastics offered on Bharatbook includes the study about the use of renewable resources to create monomers that replace petroleum-based monomers, such as feed stocks produced from sugarcane that are used to manufacture polyester and polyethylene. Ethanol, a major product in Brazil, is one small chemical step from ethylene. Furthermore this report covers the technological, economic, and business considerations of the bioplastics industry, with analyses and forecasts provided for global markets.

Included in the report are descriptions of market forces relevant to the bioplastics industry and their areas of application. However, biodegradable and photodegradable polymers made from petrochemical feed stocks are not included. Some of the major players operating within the bioplastics market include Avient Corp., BASF, Danimer Scientific, Dow Inc., JSR Corp., Teijin Ltd. and Toray Industries Inc.
The study also covers the impact of COVID-19. In 2020, the growth rate of manufacturing industry around the world was severely affected by the pandemic. The presently developing COVID-19 pandemic has currently shrunken the progress of every economy. In addition to taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments around the world are also taking the measures necessary to contain the economic slowdown.

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