Project Report For Biodegradable Plastic Bags
Project report for Biodegradable plastic bags is as follows.
Biodegradable plastics are classified into two types: bioplastics, which are made from renewable raw materials such as poly-3-hydroxybutyrate (PHB) and polyhydroxy valerate (PHV), and plastics that include biodegradable additives. PLA has the world’s second-largest consumption of bioplastics. Biodegradable plastic bags are advertised as more environmentally friendly alternatives, capable of decomposing into harmless material faster than regular plastics. If a shopping bag ends up as litter in the environment, one business believes it will “degrade and biodegrade in a continual, irreversible, and unstoppable process.”
Biodegradable plastics bags are those that can be dissolved by living creatures, often microbes, into water, carbon dioxide, and biomass. Biodegradable plastics are generally made from renewable raw materials, microorganisms, petrochemicals, or a mix of the three.
While the terms “bioplastic” and “biodegradable plastic” seem similar, they are not interchangeable. Bioplastics (plastics generated in part or totally from biomass are not all biodegradable.
Market potential & Strategy
The biodegradable plastic bag packaging market was valued at USD 2.77 billion in 2020 and is anticipated to expand at a CAGR of 20.7 per cent to USD 8.53 billion by 2026. (2021 – 2026).
Plastics contain toxic pollutants that harm plants, animals, and people, so the use of biodegradable plastic alternatives is becoming more popular. Floating plastic debris that may live in water for thousands of years can be used to transmit invasive organisms that damage ecosystems. This previously mentioned aspect is helping to drive market expansion.
The rigorous rules imposed by various governments and federal agencies with the goal of reducing plastic waste and promoting the use of biodegradable plastics in packaging are driving up demand in this industry. Green packaging requirements are becoming more stringent. As a consequence, numerous FMCG businesses are obliged to use biodegradable packaging in order to meet the regulations, which is driving the growth of this market.
However, because the biodegradable plastic bag is manufactured from plant starch, and its breakdown requires certain circumstances such as temperature, bacteria, humidity, and so on, the market’s growth is being stifled.
The underlying issue of climate change, as well as the anticipated future scarcity of fossil fuels, has spurred the hunt for superior plastics packaging solutions. Bioplastic packaging has the same properties as traditional packaging. It also has a higher level of sustainability.
Bioplastic packaging for organic food, as well as premium and branded items with special specifications, is in great demand.
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