Rapid Growth Predicted for Biodegradable Plastics Market

The global biodegradable plastics market saw unprecedented growth during 2019, benefitted by increased awareness of carbon emissions and its link with global warming. Despite the drop in petroleum prices making conventional plastics cheaper, the segment is currently valued at $4.709 billion and offers unique and innovative growth opportunities.

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Image courtesy of Robert Zunikoff.

Are Bioplastics Better?

Bioplastics have two big advantages over regular plastics. The first is that they reduce the carbon expelled to the atmosphere because that carbon has already been used by plants, and has not remained trapped underground like the case of oil. The second, and more important, is that bioplastics are renewable. Plant biomass can be continuously grown all over the world.

Bioplastics Business and Innovation

Bioplastic can be created from more than plants, although these tend to be cheaper. Wood chips, straw, and switchgrass, among others, are currently being developed and have started to penetrate the market.

A Growing Industry

The bioplastics industry has been developing with particular strength in Europe, where the market provides a legal framework to develop these technologies, and people have a higher awareness of plastic waste. Many European countries have banned single-use plastics. France was the first one to do so in 2016.

The Future of Bioplastics

Without a doubt, the market will continue to move toward the use and development of more bioplastics and biopolymers based on innovative materials. As the customer base increases, so will the demand for quality renewable bioplastics for packaging, products, and applications.

Written by

Anthropologist & User Experience Designer. I write about science and technology. Robot whisperer. VR enthusiast. Gamer. @yisela_at www.yisela.com

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