Green Factor Enables Positive Momentum for Biodegradable Plastics Market, Finds Frost & Sullivan
MOUNTAIN VIEW, Calif., Dec. 28 /PRNewswire/ -- As biodegradable plastics fall under the "green" category, they exhibit high potential for growth compared to other thriving environment-friendly technologies in the renewable energy and chemicals segments. Opportunities are proliferating in key application areas such as packaging/plastic bags, agriculture, consumer goods, electronics, automotive, and healthcare. Growth in this sector occurs due to factors such as climate change, favorable governmental measures, and green procurement policies practiced by governments as well as corporate entities. Stringent environmental regulations are driving the development of bio-based products and triggering the growth of the biodegradable plastics industry.
New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com), Biodegradable Plastics--A Strategic Assessment of Technology Status and Application Prospects, finds that consumer products and packaging has emerged as the application sectors having the highest potential for biodegradable plastics. Analysis revealed that film packaging and rigid packaging scored the best in terms of level of attractiveness and possibility of success.
If you are interested in a virtual brochure for this study, send an e-mail to Sarah Saatzer, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
"Traditional packaging materials contain a range of oil-based polymers, which are largely non-biodegradable," notes Technical Insights Research Analyst W.F. Kee. "Packaging waste forms a significant part of municipal solid waste and has caused increasing environmental concerns, resulting in strengthening of legislation in order to reduce packaging waste."
With the ramping up of the attraction quotient in recent years, green products are clearly gaining advocates. It has become increasingly fashionable for the public to support green products. The popularity of hybrid cars and reusable bags is a good example. Eco-friendly products have been unleashed in various sectors including food, appliances, and cars.
Consumer interest in bio-based packaging is on the rise. Public support for green products is partially responsible for the biodegradable plastics market growth, and this global trend is expected to continue gathering steam in the future.
Although the overall prospects look bright, some issues have been reining in market progression. Cost competitiveness is foremost among the challenges confronting the market. To circumvent this obstacle, proposed solutions include the use of cheaper feedstock, for instance, biomass-based feedstock as well as an integrated process. Utilization of feedstock is very limited right now, and the adoption of biomass-based feedstock will mostly be influenced by the development of improved biocatalysts.
Other concerns associated with biodegradable plastics are poor processability characteristics, low barrier properties toward air, water, and oxygen, low resistance to heat, and in some cases, low shelf life.
"The properties of traditional biodegradable polymers do not offer the essential mechanical properties and fail to match up to the needs of end user application compared with conventional plastics," says Kee. "This acts as a barrier for the penetration of biodegradable packaging in high-end applications."
It is imperative that these impediments are addressed before biodegradable products can compete on an equal footing with conventional plastics.
Properties can improve by deploying enhanced blending technologies or developing composites. Blending studies are underway in the academic and corporate sectors, and efforts have been initiated for the development of bio- and nanocomposites. The former incorporates bio-based materials such as natural fibers to improve the mechanical properties of biodegradable plastics, while the latter incorporates nanomaterials such as carbon nanotubes to produce materials that are stronger and more durable.
Biodegradable Plastics--A Strategic Assessment of Technology Status and Application Prospects, a part of the Technical Insights subscription, provides a technology overview and outlook for the biodegradable plastics. The following technologies are analyzed in this study: starch-based polymers, polylactic acid (PLA) and polyhydroxyalkanoates (PHAs). Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Biodegradable Plastics--A Strategic Assessment of Technology Status and Application Prospects D1A1 Contact: Sarah Saatzer Corporate Communications - North America P: 210. 477.8427 E: email@example.com
SOURCE Frost & Sullivan