Biodegradable shopping bags are made of polymers that degrade, or decompose, when exposed to air, water, or sunlight. Biodegradable packaging provides natural and easily degradable protection when used mainly for the presentation and packaging of the products from the moment the production process begins until the product is administered or consumed.
Biodegradable Plastics Market by Type (PLA, PHA, PBS, Starch-Based Plastics, Regenerated Cellulose, PCL), by Application (Packaging, Fibers, Agriculture, Injection Molding, and Others) - Global Trends & Forecasts to 2020 says biodegradable plastics market is projected to be worth more than USD 3.4 billion by 2020 growing at around 10% CAGR. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Arihant Industries Ltd.
· Baroda Polyplast Ltd.
· Jain Plastics & Chemicals Ltd.
· Karwa Consolidated Mktg. Ltd.
· Paradise Plastics Enterprise Ltd.
· Shakun Polymers Ltd.