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Production of Bioplastic Film using Biodegradable Resin, PLA (Polylactic Acid). Biodegradable Film Manufacturing Business - Sustainable Alternative to Plastics Bioplastic is a biodegradable material that come from renewable sources and can be used to reduce the problem of plastic waste that is suffocating the planet and polluting the environment. These are 100% degradable, equally resistant and versatile, already used in agriculture, textile industry, medicine and, over all, in the container and packaging market, and biopolymers are already becoming popular in cities throughout Europe and the United States for ecological reasons: they are known as PHA. Advantages of Bioplastics: • They reduce carbon footprint • They providing energy savings in production • They do not involve the consumption of non-renewable raw materials • Their production reduces non-biodegradable waste that contaminates the environment • They do not contain additives that are harmful to health, such as phthalates or Bisphenol A • They do not change the flavor or scent of the food contained Growth of Bioplastics The predicted growth in the production of bioplastics is being driven by a number of factors, including: • The fluctuating cost of petroleum and the drive for independence from fossil fuels • increasing availability of bioplastics and decreasing cost as greater volumes are produced • Environmental and social impacts of petrochemical-based plastics including carbon footprint, sustainability, pollution involved in end-of-life disposal and health concerns such as leaching of chemicals from plastic packaging into food products • Branding and product differentiation as manufacturers perceive a marketing advantage • Waste minimization regulations • The fact that plastic products are useful and we’ve become used to using them. Biodegradable Plastic Film are known for being biodegradable and eco-friendly. PLA and PLA blends generally come in the form of granulates with various properties, and are used in the plastic processing industry for the production of films, fibers, plastic containers, cups and bottles. PLA is also the most common type of plastic filament used for home fused deposition modeling. Market Outlook With increasing concerns over the use of plastics, sustainable alternatives to plastics are increasingly in demand. Biopolymers in general and bioplastics in particular, present one such sustainable alternative. The global biodegradable plastics market is expected to reach ~16.8 billion by 2022 with CAGR ~8.4% between 2016-2022. Rising consumer awareness about global warming and government legislation such as banned on plastic bags will increase the demand for biodegradable plastics across the globe. Plastics that decompose to carbon dioxide and water under the actions of microorganisms is known as biodegradable plastics. Biodegradable plastics are produced by fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA) which in turn converted into biodegradable plastics. A sustainable alternative to traditional plastics, bioplastics are plastics that are fully or partially biobased, and/or biodegradable or compostable. In other words, they are plastics that are made from renewable resources such as corn, tapioca, potatoes, sugar and algae and breaks down faster than traditional plastics, which are typically made from petroleum, and other fossil resources such as natural gas. Bioplastics have numerous applications like packaging, bottles, utensils, furniture etc. Globally, the production capacity of bioplastics is highest in Asia followed by South America and Europe. As Asia and South America are closer to where feedstock is grown, the production capacity of bioplastics is higher in these regions. Growing sensitivity to climate change and increasing prices of oil have together contributed to rise in demand of bioplastics products. New high performance bioplastics is being introduced in the market that can withstand higher temperatures. Many companies are also planning to substitute feedstock with some other biobased material or nonfood alternative feedstock from biomass, so as to reduce their dependency on feedstock availability. Polylactic acid-based biodegradable plastics dominate the biodegradable plastics market. This is due to large scale application in packaging industry owing to superior properties such as high mechanical strength and low toxicity. Polylactic acid is fermented by action of wheat starch and corn starch which provide a good appearance to various products across the end user industries. Starch based biodegradable plastics are expected to overtake polylactic acid based biodegradable plastics over the forecasted period owing to high tensile strength and impact resistance in packaging and consumer goods. Bio based biodegradable plastics find their application in a variety of sectors, including fibres, medical, packaging, and agriculture. The demand for bio based biodegradable plastics is massive in the packaging sector, and it is anticipated that status quo will be maintained in the next five years as well. Other prominent sectors which will create robust demand for bio based biodegradable market include agriculture and medical. The adoption of bioplastics in rigid packaging was the highest in 2017 and is expected to grow at the same pace throughout 2024. For instance, the commercialization of co-extruded double or multiple layer film products has gained momentum in the recent years. It is also finds applications in various end-use industries such as flexible packaging, textile, agriculture, and horticulture, consumer goods, automotive, electronics, building and construction, and others. Biodegradable Packaging The biodegradable packaging market is expected to witness the fastest growth than that compared to the plastics packaging market. The biodegradable packaging market is a relatively new market however; it is expected to capture the existing market share of the non-biodegradable plastic packaging market. The food packaging and beverage packaging market is expected to play a crucial role in driving the overall global biodegradable packaging market. However, lack of government support especially in the developed countries is expected to curb the growth of the market. The presence of huge price difference between the biodegradable packaging and other conventional packaging is further expected to hamper the growth of the market. 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