Polymer, that are cheaper and lighter than many materials, are being favored for industrial and commercial applications. Plastics are necessary in daily life experience, using them in household appliances, cars, packages ex. One of three of plastic raw materials being used by package sector. The main environmental problem of conventional plastics are, degrading in nature for centuries and produced by nonrenewal natural sources like petroleum, coal and natural gas. Today, being recycling and environmentally friendly facilities come into prominence for plastics.
Biodegradable polymers based on renewable feedstock have started to replace conventional polymers produced from fossil fuel. Plastics, that are cheaper and lighter than many materials, are being favored for industrial and commercial applications. Plastics are necessary in daily life experience. We are using them in household appliances, cars, packages etc.
Increased consumer preference towards biodegradable materials coupled with the growing environmental concern is expected to boost the overall growth of the biodegradable packaging market. Most of the major packaging companies are now shifting their focus towards biodegradable packaging in order to achieve greater consumer satisfaction. In addition, to differentiate their products from that of the competitors many manufacturers are now shifting towards biodegradable packaging. The biodegradable packaging market is expected to witness the fastest growth than that compared to the plastics packaging market.
Few Indian Major Players are as under
• B A S F India Ltd.
• Lactochem Ltd.
• Sangita Bio-Chem Ltd.
• Solvay Pharma India Ltd.