Corn is a popular source for materials that can be recycled into bio-degradable plastic polymers. Most people know that corn is a major crop in America, but they may not have known the amount of corn crops are actually used to make plastic products. Corn has the potential to be one of the most sustainable crops in America because it produces biodegradable plastics, which are made from renewable resources, and these plastics are also recyclable. The process for turning corn into plastic begins by adding enzymes to the mixture. The enzymes break down plant matter, such as cellulose and hemicellulose, so that other chemicals can dissolve them and turn them into sugars. After the sugars are separated from solids by filtering them out of solution, they are converted to lactic acid or glycerol. Lactic acid makes up the main ingredient in corn syrup, while glycerol is used to create nitroglycerin. Finally, monomers such as styrene are added with these ingredients together and heated until they form long chains of molecules called polymers. These plastics can then be turned back into fuel or feedstock to create more corn products!
Benefits of Bio-Degradable Plastic Polymer
Biodegradable plastics are a type of plastic that break down in the environment instead of remaining there as a contaminant. They don't just break down because they are exposed to sunlight, but also because microbes in soil can eat them and break them down. Biodegradable plastics have been around for about 20 years, but only recently has their use become more widespread.
Biodegradable plastics offer many advantages over traditional plastics such as being compostable and recyclable. The United States Environmental Protection Agency (EPA) estimates that 1/3 of all trash on American beaches is plastic refuse and says the nation's rivers, lakes, bays and oceans are strangled with six times more plastic than zooplankton. Biodegradable plastics provide a good solution to this issue since they won't last forever in the environment like normal plastics do. Currently biodegradable plastics are used for packaging food products or other materials that need protection from degradation during shipping. Bioplastics will soon replace most petroleum-based products which is an excellent way to reduce greenhouse gas emissions and global warming. With these innovative new technologies, there is no excuse for anyone not to care about our planet and its future. Biodegradable plastic offers sustainable alternatives to meet demands while continuing to respect Earth’s finite resources.
Indian Market outlook
India Bio plastics Market was valued at US$ 320.13 Mn. in 2021 and expected to reach US$ 1060.77 Mn. by 2027 at a CAGR of 22.1% during 2022-2027. In India, biodegradable plastics are a relatively new concept and are not as common or well-known as they are in other countries. As the country's population continues to grow, there is an increasing demand for sustainable and eco-friendly products. This means that the market for biodegradable plastics will become more popular in India. The Indian Government has also set ambitious targets on reducing its carbon footprint by 2030. All these factors combined mean that the potential for biodegradable plastics in India is huge.
Global Market outlook
In 2021, it was predicted that the global market for biodegradable plastic would be worth USD 4.1 billion. During 2022-2030, it is anticipated to increase at a compound annual growth rate (CAGR) of 9.7%. One of the main trends driving market expansion is governments banning the use of single-use plastic together with increased public awareness of the negative consequences of plastic waste. Additionally, it is projected that the growing usage of biodegradable plastics in packaging and agriculture will support the segment's growth. Plastics that don't break down are a worldwide problem. In order to combat this issue, governments all over the world are encouraging the use of biodegradable plastics and outlawing single-use plastics. Due to its eco-friendliness, people are also willing to pay more for biodegradable plastics.
Bio-degradable plastics have been around since the 1930s and have evolved over time to become more cost effective, more sustainable and more practical. The world is looking for ways to reduce their carbon footprint on the environment, so they are turning to renewable materials that can be used in everyday products. The boom in corn production has led to a boom in bio-degradable plastics as well. Corn-based plastic polymers produce films that are lighter than traditional petroleum-based plastic films. That means they take less energy to transport them which makes them even more sustainable than traditional plastics. Corn-based plastic polymer films offer flexibility, strength and durability with no color change or brittleness from low temperatures. They also allow a wider temperature range because they don't experience thermal degradation like regular plastics do.
The project is positioned to experience tremendous growth over the next few years, as the business strategy demonstrates. The Bio-Degradable Plastic Polymer will soon be available in stores, and the company's earnings will only increase. It might be a good idea to invest in this company right away if you've been debating it. Therefore, have a look at the business plan and start funding this massive biodegradable plastic polymer project!
Key Market Players
· Cargill Incorporated
· PTT MCC Biochem Co., Ltd.
· Biome Technologies plc
· Plantic Technologies Limited
· BASF SE
· Total Corbion PLA
· Synbra Technology BV
· Novamont SpA
· NatureWorks LLC
· Eastman Chemical Company
· Danimer Scientific
· FKuR Kunststoff GmbH