Biodegradable plastics are a huge business opportunity

2018/9/26 16:25:51

Biodegradable plastics contain huge business opportunities and become a hot spot of research and developmentChina is a major producer and consumer of plastics in the world. The research, development, production and application of biodegradable plastic…

Biodegradable plastics contain huge business opportunities and become a hot spot of research and development

China is a major producer and consumer of plastics in the world. The research, development, production and application of biodegradable plastics are of great significance to the sustainable development of the plastics industry.

In terms of the current situation of plastics industry in China, the development of renewable resources industry is one of the important contents in the development of circular economy industry in China. Environmental protection efforts continue to increase, and the country has gradually increased the importance of environmental protection renewable industry, of which plastic is the main source of "white pollution", and its recycling and environmental protection is more concerned by many environmentalists.

At present, biodegradable plastics, high-tech functional new materials and recycling of waste plastics are becoming the focus of global research and development. Biodegradable plastics have been developing particularly rapidly and have made plastics manufacturers aware of the huge business opportunities in the biodegradable plastics market.

Dupont, cargill, basf and other well-known chemical manufacturers continue to enter this market through mergers and joint ventures. China is an important supplier of biodegradable plastics in the world, accounting for about 20 percent of global production capacity.

From 2009 to 2013, the annual growth rate of biodegradable plastic production capacity in China was over 21%. As many enterprises started to build or expand biodegradable plastic projects, the production capacity will continue to increase.

The main target markets for biodegradable plastics are plastic packaging film, agricultural film, disposable plastic bag and disposable plastic tableware. Compared with traditional plastic packaging materials, new degradable materials cost slightly higher. However, with the enhancement of environmental awareness, people are willing to use new biodegradable materials with higher price to protect the environment. The enhancement of environmental awareness brings great development opportunities to the new biodegradable materials industry.

Of course, the degradable plastics are still inadequate in some aspects of performance, and it is impossible to completely replace the application of common petrochemical plastics in some fields. For the market space of degradable plastics, experts feel that the prospect of the application of degradable plastics to garbage bags, mulch, shopping bags and other scales is relatively promising, while according to conservative estimates, China will have a demand of 3 million tons in the future. As a result, China alone has tens of billions of market space.

Article source: Internet