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Biodegradable Plastic Bag Manufacturing Industry

Biodegradable Plastic Bag Manufacturing Industry. Production of Compostable and Biodegradable Bags from Corn Starch. Eco-Friendly Disposable Bags The corn starch bags look and feel just like the ones made of plastic. A factor behind the huge demand for the corn starch bags is inadequate raw material. Bags made out of corn starch are bio-based and renewable. Agricultural Crops like Corn can be harvested every year in the fields and are annually renewable. Through photosynthesis, they convert the energy from the sun into carbon chains, which can be processed into plastics and paper. They: • have a high barrier to air, grease and bacteria: ideal for food packaging • are watertight • have a hard and crinkly texture • can be heat sealed • are made from natural renewable resources • are biodegradable • are compostable in a compost facility • Use these bags to package dry goods, nuts, fruit, beans peas etc. These biodegradable bags are being liked over traditional plastic products, especially for the fast-moving consumer goods and food packaging. Market Outlook The biodegradable plastic bags and sacks market have consolidated landscape owing to increasing strategic business activities. The key players operating in the biodegradable plastic bags and sacks market are trying to provide improved and versatile products. The players are focusing to offer high quality and biodegradable additives so as to gain more shares than other rivals. In addition, several players are indulging in strategic business activities such as mergers and acquisitions to improve their global presence. The increasing dependence of the medical and food industry on environmental-friendly plastic packaging is a notable factor catalyzing the market demand for biodegradable plastics bags and sacks. Biodegradable Plastics Market Biodegradable plastics are plastics which decompose in the environment within a reasonable period of time. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw material used and environmental conditions such as moisture and temperature. The global biodegradable plastics market size is projected to reach USD 6.73 billion by 2025. The starch based segment lead the global biodegradable market. Starch based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive and textiles. The Global Biodegradable Plastic market is primarily driven by a positive attitude of government towards green procurement policies and superior characteristics of biodegradable plastics. The government of different countries are initiating stringent actions for reducing the use of conventional plastics by implementing taxes on oil-based plastics and disallowing the use of conventional plastics. Rising consumer awareness about global warming and government legislation such as banned on plastic bags will increase the demand for biodegradable plastics across the globe. Plastics that decompose to carbon dioxide and water under the actions of microorganisms is known as biodegradable plastics. Packaging industry is leading segment in application of biodegradable plastics. Increasing demand of biodegradable plastics as major packaging applications in food & beverage, textiles, pharmaceuticals and consumer goods is augmented to market growth over the forecasted period. Changing lifestyle of consumer along with increase in packaged food products demand in developed regions are boosting the demand for biodegradable plastics in packaging industries. Rising awareness among farmers to build green houses for production of fruits and vegetables has boosted the biodegradable plastics in agriculture application. Growing electronic, medical and automobile industry has also boosted the demand of biodegradable plastics market. Biodegradable plastics are a billion dollar growing industry that is pushed by the increased regulations and bans against plastic bags and other single-use plastic items. The demand for biodegradable plastics worldwide is growing as more people become concerned about plastic waste. Consumer awareness of sustainable plastic solutions, government interest in the reduction of greenhouse gas emissions, and a pervasive, general desire to eliminate fossil fuel independence are the reasons for the market growth. Western Europe combines all of these factors and implements biodegradable plastics even in household and business products, such as foam packaging, mulch films, textiles, implants and sutures, down hole tools for oil and gas field operations, 3-D printing filament, etc. Biodegradable plastics is widely used in the packaging & bags industry. It is expected to be the fastest-growing end-use industry segment of the biodegradable plastics market between 2018 and 2023. 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Return: 1.00%Break even: N/A
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