Page 65 - Plastics News September 2024
P. 65
PRODUCT NEWS
The future of plastics – biodegradable polymers
leading the way
The global biodegradable polymer
market is set to grow from $8.34
billion in 2024 to $20.04 billion by
2031, driven by a robust CAGR of
11.4%. Persistence Market Research
discusses the growth.
his growth is fuelled by rising environ- Technological innovations: Pioneering new
mental awareness, stringent regulations materials
Tagainst plastic waste, and technological
advancements in polymer properties. Biodegrad- The advancement of technology is at the heart
able polymers, made from renewable sources of the biodegradable polymer market’s evolu-
like starch and lactic acid, offer eco-friendly al- tion. Recent innovations include the develop-
ternatives to traditional plastics, breaking down ment of advanced materials like polylactic acid
into non-toxic components. Key trends include (PLA) and polyhydroxyalkanoates (PHA), which
advancements in compostable packaging, de- offer enhanced performance and faster degra-
velopment of marine-degradable polymers, in- dation. This section highlights key technological
tegration into 3D printing, and increased use in breakthroughs and how they address the limita-
agriculture and medical implants. Government tions of earlier biodegradable polymers, paving
incentives and corporate sustainability efforts the way for more efficient and durable solutions.
are also accelerating market expansion accord- Consumer demand: Driving the shift towards
ing to persistence market research.
sustainability
Introduction: The rise of biodegradable poly- Consumer preferences are shifting towards
mers
more sustainable products, and biodegradable
In a world increasingly conscious of environmen- polymers are benefiting from this trend. As en-
tal impact, biodegradable polymers are emerg- vironmental awareness grows, consumers are
ing as a revolutionary solution to plastic pollution. increasingly seeking alternatives to conventional
These materials, designed to break down more plastics. This section examines how rising de-
rapidly and safely than traditional plastics, of- mand for eco-friendly products is influencing the
fer a promising alternative for various industries. biodegradable polymer market and driving com-
This section explores the motivations behind panies to adopt more sustainable practices.
the growing interest in biodegradable polymers Regulatory landscape: Policies promoting bio-
and their potential to transform our approach to degradable solutions
packaging and beyond.
Government regulations and policies are crucial
PLASTICS NEWSASTICS NEWS
September 2024
September 2024 PL 65 67
