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Corn Starch Based Biodegradable Tableware

Biodegradable tableware, as the name suggests, are fully compostable and biodegradable; hence, they are widely used globally in order to reduce plastic waste and greenhouse emissions, such as methane emissions. This type of tableware can be made from sugarcane bagasse, bamboo, paper pulp, and other disposable material. These tableware are superior in strength and are environment friendly. Biodegradable tableware includes food containers and tableware such as bowls, plates, cups and meal trays, which decompose within 30 to 60 days after being discarded. Biodegradable corn starch tableware products are to use all tree-free materials, specifically, corn starch, consists of 90% of corn starch. 100% natural and healthy. Add certain water to corn starch and stir in a mixer machine, then fill certain amount of materials to the pressing machine and prototype by pressing machine, and then coating with waterproof membrane on product inner surface, and packaging after drying. Rising awareness regarding the ill effects of plastic tableware, awareness about the benefits of environmental friendly tableware, increasing adoption of non-toxic and petroleum free products, increasing disposable income and extending investment in research and development are some of the significant factors that are projected to result in the market growth. Additionally, the sustainability trend has led to the packaging industry to adopt a change in the materials used by them. These sustainability-centered initiatives and the need for change in packaging formats along with other prominent industry trends have been impacting the packaging industry. This is evolving consumer preferences, cost constraints, e-commerce, and favorable government regulations for permitting biodegradable tableware market which is further estimated to boost the market growth with notable CAGR during the forecast period 2020-2028. In recent years, a number of social events and international sport events have made efforts to popularize biodegradable cutlery. Manufacturers also have been coming out with exotic design. The biodegradable cutlery market have prospered on the back of these initiatives. Further, as the use of single-use plastics have been cutting flak from several quarters in various parts of the world, biodegradable cutlery is coming out as promising cost-effective options, feels investors in the market. Growing demand for disposable and inexpensive utensils in various emerging economies is catalyzing the rise in the biodegradable cutlery market. They have gathered traction in a range of large gatherings such as parties, rallies, and social events. In several parties and big events, the demand for reusable spoons and plates is fast gathering steam. Thus, due to demand it is best to invest in this project.
Plant capacity: Biodegradable Plate 9" Size (10 Pcs. Each Box): 6,000 Nos / Day Biodegradable Bowl 6" Size (10 Pcs. Each Box) : 800 Nos / Day Biodegradable Cup (10 Pcs. Each Box): 1,333.3 Nos / Day Biodegradable Lunch Box with Hinged Lid 650 ml (10 Pcs. Each Plant & machinery: Rs 40 lakhs
Working capital: -T.C.I: Cost of Project : Rs 159 lakhs
Return: 28.00%Break even: 65.00%
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