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Biodegradable in natural environment
Bio-Degradable
Eco-friendly and bio-degradable -
Eco Range Products
Compostable Bags
(Garbage Bags , Donas and Bowl) of various sizes
The global plastic production is about 400 million ton per annum. Plantics is active in the global thermoset market. This industry’s compounded annual growth rate is 11.3% (2011-2016) with an estimated current valuation of €80Bn. Since the plastic industry is highly price driven, less than <0.4% of the 400 million ton per annum global plastic production is bio-plastic. Nevertheless, bio-plastic is currently one of the fastest growing material businesses worldwide.
Generally speaking, the packaging industry, our most relevant market, is estimated to grow at a rate of 4% in real terms till 2018. However, bio-based packaging is expected to grow at a CAGR of 33%1.
Bio-materials’ share of the packaging sector is expected to grow from 0.2% in 2013 to 2.4% by 2023. Driven by both bio renewability and biodegradability trends, the demand for bio-materials in packaging is expected to grow to about 9.45 million tpa by 2023.
A strong and safe bio-material with 100% biodegradability and compostability, full non-toxicity (even when ingested or incinerated), flame retardancy, high chemical and heat resistance, it’s feedstock does not compete with food production, it’s low-cost and can compete economically with conventional oil-based plastics.
Non-degradable petroleum-based plastics and any other bio-materials or bio-plastics currently available are generally much more expensive than their petroleum-based plastic counterparts. This is due to the often high feedstock costs and/or costly (high-tech) production processes.