The customers in developed and developing countries have become more aware of the ill effects of conventional plastics on their lifestyle and the environment. Various organizations are working toward bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, cleanup campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability. The key aim is to increase the understanding of users regarding plastic pollution, thereby encouraging the invention of more sustainable solutions, and empowerment of more people and business organizations to take action to stop plastic pollution. Therefore, the revolution in consumer demand on the basis of environmental awareness, packaging convenience, and sustainable plastic production systems is boosting the global biodegradable plastic market growth.
The Asia Pacific Biodegradable Plastic market is growing along with the Chemicals and Materials industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Based on type, the Asia Pacific biodegradable plastic market is bifurcated as PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend segment dominated the Asia Pacific biodegradable plastic market. The starch blend polymer bio-blends are biodegradable polymeric materials which are composed of cellulosic-based biomaterials that can be degraded by enzymes and microorganisms. The combination of starch and polyolefin produces a single material carrying the biodegradation properties of starch with the thermal, mechanical and barrier properties of polyolefin. Starch has been receiving increasing attention as raw material for the manufacturing of films due to the lack of the availability of the conventional film-forming resins. The low permeability of starch films has made it an element of choice for the food packaging application
These factors are expected to offer broad growth opportunities in the Chemicals and Materials industry and this is expected to cause the demand for Asia Pacific Biodegradable Plastic in the market.
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Asia Pacific Biodegradable Plastic Market – MARKET SEGMENTATION
- Starch Blends
- Biodegradable Polyesters
By End User
- Packaging and Bags
- Agriculture and Horticulture
- Consumer Goods
- South Korea
- Rest of Asia Pacific
- API SpA
- BASF S.E.
- FKuR Kunststoff GmbH
- Balson Industries
- Novamont S.p.A.
- Kingfa Sci. & Tech. Co., Ltd.
- GuangDong Huazhilu Biological Material Co., Ltd.
- Mitsubishi Chemical Corporation
- Plantic Technologies Limited
- Total Corbion PLA
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