How to Start Manufacturing Business of Biodegradable Plastics and Polymers
Especially if you are interested in biodegradable plastics and polymers, manufacturing may be an alternative for you to consider if you want to launch your own firm. The Bureau of Labor Statistics projects that manufacturing employment will increase by 8% between 2016 and 2026, which translates to roughly 500,000 new jobs during that time (www.bls.gov). Starting your own biodegradable plastic and polymer production company might be a successful career move given the rising demand for these materials as society expects ecologically acceptable alternatives.
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How has the Biodegradable Plastics and Polymers industry performed so far and how will it perform in the coming years?
The performance of the biodegradable plastics and polymers sector has been uneven thus far. As more individuals explore for more environmentally friendly substitutes that are not dependent on petroleum-based materials, the market for bioplastics will rise. Additionally, if governments continue to invest in developing nations like China and India, we can anticipate increased bioplastic production capacity at lower costs due to improved economies of scale. Technology advancements have also made it possible for plastics made from biomass feedstocks, such as maize starch or other biomass, to compete with traditional polymers.
For instance, certain modern technologies enable the production of polymers from renewable resources like sugarcane ethanol. Furthermore, despite the fact that the majority of bioplastics require an energy input during production, they produce less carbon dioxide than conventional plastics. This is due to the fact that they are manufactured without the use of fossil fuels, instead using recycled materials like animal and soybean oils. In conclusion, these elements suggest that the bioplastic industries will maintain their increasing trend in the upcoming years.
What are the machinery and equipment requirements for setting up the Biodegradable Plastics and Polymers plant?
The machinery requirements for setting up a manufacturing plant for biodegradable plastics and polymers vary depending on the product you want to manufacture, but typically you would need:
- Compounding machine
- Blow molding machine
- Extrusion blow molding machine
- Recycling equipment
You'll also need access to space, raw materials, tools, water, electricity, and other supplies. Additionally, you'll require a sizable supply of chemicals like caustic soda or resin. For assembling products, you may also want cooling tanks, conveyor belts, jigs, and fittings.
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Licenses & Permits
Manufacturers should be aware that the Toxic Substances Control Act regulates biodegradable plastics (TSCA). Any biodegradable plastic can be produced by a producer for personal use, but if they want to import or manufacture more than 10,000 pounds, they must submit an exemption request to the EPA. Additionally, they must abide by the Good Manufacturing Practices rules that are enforced by the EPA. Finally, they must include information on their biodegradable plastic in Chemical Data Reporting (CDR) and submit an annual manufacturing report.
Watch Video: Production of Bioplastic Products | Biodegradable and Bio-Plastics Products Manufacturing Business
What are the entrepreneurial benefits for setting up the Biodegradable Plastics and Polymers plant?
The establishment of the Biodegradable Plastics and Polymers facility has numerous advantages for business. First, bioplastics provide a sustainable substitute for conventional plastics. Second, because bioplastics can withstand high temperatures, they can be applied to a range of industries, including food packaging and medical devices. Thirdly, as a result, the majority of bioplastics start out costing around half as much as conventional plastics. Fourth, because they employ lower temperatures during the production process, producers need to consume less energy. Fifth, since it is less expensive to make bioplastics, more products will be available to consumers. Sixth, there is a decrease in carbon emissions since it produces 5% less CO2 during production than ordinary plastics, which produce 10% more. Seventh, consumers who purchase products created with bioplastics gain from a reduction in their carbon impact.
Related Feasibility Study Reports: Biodegradable Products, Recyclable, Disposable, Eco-Friendly Plastics, Bioplastics, Compostable, Biodegradable Packaging for Food Products, Bio-based Polymers, Oxo-biodegradable Plastics, Bio-nanocomposites using Maize, Corn, Sugarcane Bagasse
Global Market Outlook
In 2020, the European market had a value of $3,460.8 million. Europe is a key hub since it is the top region for product consumption and research & development. According to figures from the European Bioplastics, around 25% of production is currently located in Europe. In addition, a strong automotive sector and rising demand from local manufacturers for packaging made of bioplastics are anticipated to support market demand.
The highest manufacturing capacities and regional development are in Asia-Pacific. About 56% of it, according to a report by European Bioplastics, is made there. As China concentrates on enacting its foreign investment law, which was delayed owing to the worldwide pandemic, the industry is anticipated to expand quickly in this region. The region's thriving packaging sector will support regional growth even more.
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The market in North America is anticipated to increase steadily as a result of the region's rising demand for electronic products and light-weight car components. Due to the high level of living and preference for quality over quantity, the consumer goods sector is another one that will contribute to market expansion in the area. One of the key factors affecting the market in the Rest of the World is the rising demand for bioplastics for agriculture and horticulture. Furthermore, the region's growth will be characterised by the increase of the manufacturing of food goods sector. These manufacturers have looked for sustainable packaging options since the global society wants curbs on the use of traditional plastics.
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Indian Market Outlook
India's bioplastics market was estimated to be worth US$ 320.13 million in 2021 and was projected to grow at a CAGR of 22.1% to US$ 1060.77 million by 2027. The India bio-plastics market is being driven by factors such as rising consumer eco-awareness, mandates and regulations, corporate sustainability initiatives, technology stabilisation, and cost cutting. Non-biodegradable plastics like bio-based polyethylene (PE) and bio-based polyethylene terephthalate (PET) are the primary forces behind this increase. Production income for biodegradable plastics such starch blends, polyhydroxyalkanoates, and polylactic acid or polylactide (PLA) is increasing steadily. The use of polyethylene and polyethylene terephthalate in packaging is expanding, which is boosting the need for non-biodegradable plastic.
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Key Players Involved
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·????????NOVAMONT S.p.A. (Italy),
·????????Solvay SA (Belgium),
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·????????Advance Bio Material P. Ltd. (India)
·????????Arkema S.A. (France)
·????????BASF SE (Germany)
·????????Braskem (Brazil)
·????????PTT MCC Biochem Co., Ltd. (Thailand)
·????????Roquette Frères (France)
·????????Toray Industries, Inc. (Japan)
·????????Total Corbion PLA bv (Netherlands)
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