compostable plastics: future of plastic All you need to know about
Compostable plastics are the plastics that undergo degradation by the biological processes during composting to yield CO2, water, biomass, inorganic compounds, and at a rate consistent with other known compostable materials. Instead of using plastic made from petrochemicals and fossil fuels, compostable plastics are derived from renewable materials like corn, potato, tapioca starches, cellulose, soy protein, and lactic acid. Compostable plastics are non-toxic and decompose back into carbon dioxide, water, and biomass when composted.
Sustainability and material design for the environment, integration of product design with disposal infrastructure, and composting & sustainable agriculture are the key factors driving the compostable plastics market's growth. New environmental regulations, societal concerns, and growing ecological awareness have triggered the search for new products and processes compatible with the environment. Sustainability, industrial ecology, eco-efficiency, and green chemistry are the new principles guiding the development of the next generation of products and processes.
The global compostable plastics market is segmented into type and application. By type, the compostable plastics market is classified into PLA, Starch Blends, Biodegradable Polyesters, PHA, Others. By application, the compostable plastics market is classified into packaging and bags, consumer goods, agriculture and horticulture, textile, others.
MARKET PLAYERS
NatureWorks LLC, Braskem, BASF SE, Total Corbion PLA, Novamont S.p.A, Biome Bioplastics, Mitsubishi Chemical Holding Corporation, Toray Industries, Inc., Plantic Technologies Limited, Cardia Bioplastics