Bio-degradable plastic producers have developed new bio composite plastics that address price and performance difficulties in order to entice consumers, driving them to abandon plastic-based products.
Bioplastics are non-petroleum-based polymer materials derived from biological products or by-products of biological processes. Polyethylene mulch is most commonly used in the production of vegetables.
Horticulture bioplastics, on the other hand, are being hailed by producers as a solution to the environmental problems connected with the disposal of petroleum-based plastics. Horticulture bioplastic are created from bio-based components, provides nutrients as it degrades and has a number of environmental benefits. In terms of utility, biodegradable mulching films have rapidly improved, allowing cultivators to plough in bioplastic mulch after usage rather than removing it from the field for recycling, enhancing operational efficiency. Pheromone traps, dust-resistant bushes and fertilizer rods are some of the developments in horticulture bioplastics that are projected in the coming years. Bioplastics comprising extra components, such as natural polymers or thermoplastic to impart relatively high performance attributes, such as high thermal damage and mechanical strength, are being used to satisfy difficult applications in the horticultural sector. In order to make horticulture bioplastics acceptable for field use and competitive with plastic products, producers must also collaborate with consumers and suppliers. Manufacturers must offer superior performance attributes, as well as economic viability and ease of availability, for horticulture bioplastic to become a widely utilized material. In order to maintain green solutions for the horticulture sector, producers should also focus on specific conditions required for disposal at end-of-life with current recycling systems.
COVID-19 Impact analysis
- Production, manufacturing, research import-export and other activities have all come to a halt since the outbreak of the COVID-19 pandemic.
- The COVID-19 epidemic has resulted in significant losses in terms of economy, industry, GDP, and most importantly, human life, as well as the activation of a condition of hunger in lower class and daily wage earners who have no means to feed their families.
- With a decrease in production for plastic, the industry's processing and production were stopped. Many end-user industries were severely impacted, including transportation, industrial equipment, consumer products, automotive, electronics, and construction.
- The COVID-19 pandemic has caused the imposition of lockdown due to which the production of horticulture bioplastic decreased and the global supply chain was affected, this decreased the demand for horticulture bioplastic market.
Top Impacting Factors
The demand for horticulture bioplastics will be fuelled by shifting customer preferences toward environmentally friendly products. As a result, major plastic makers and packaging vendors have shifted their focus to bioplastic technology. Furthermore, landfills are important environmental risks, prompting the use of bioplastic in horticulture techniques. With innovative biodegradable material, greenhouses and gardeners may simply reduce the environmental impact of plastic pots. Government initiatives are encouraging horticultural experts to utilize sustainable and eco-friendly goods, this is also one of the key factors boosting the horticulture bioplastics market. The government also provides exemptions, subsidies, certifications and incentives to organizations who produce and promote environmentally friendly items. Recycling horticulture bioplastic products is an expensive and time-consuming procedure, which has restricted they’re its use horticulture. The slow breakdown of horticulture bioplastics may hamper their application in the field. Recent major advances in the creation of biodegradable plastics are providing an opportunity for new high-performance horticulture bioplastics.
- North America and Europe dominate the horticulture bioplastic market, and this dominance is likely to continue during the forthcoming years. The primary factors driving the introduction of bioplastics are government assistance and increased consumer health awareness.
- In terms of market size and volume, the Asia-Pacific region is the largest stakeholder of the worldwide bioplastic market. This increase was significant due to low production and labor costs, fast urbanization and industrialization in developing countries including Japan, China and India and increased knowledge of bio-based chemicals and their benefits.
- The key players of the market have adopted the strategies such as investment in the R&D activities, innovations, and developments in the field, new product launches, acquisition and mergers to develop their business.
- In June 2015, Coca-Cola unveiled PlantBottle technology, which combines petrochemical-derived terephthalic acid and sugarcane-derived bio-based monoethylene glycol to create a relatively smarter PET, allowing the firm to lower its worldwide carbon footprint. Athletica Nutrition teamed with Braskem to launch green plastic as part of the Best Vegan Packaging campaign to prevent environmental pollution in June 2019.
- Genpak and Danimer Scientific established a partnership in November 2019 to produce biodegradable food containers as a new product line, featuring Nodax polyhydroxyalkanoate (PHA) as the major component because to its improved mechanical and physical qualities, which provide amazing barrier properties.
Key Benefits of the Report
- This study presents the analytical depiction of the horticulture bioplastic industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the horticulture bioplastic market share.
- The current market is quantitatively analyzed to highlight the horticulture bioplastic market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed horticulture bioplastic market analysis based on competitive intensity and how the competition will take shape in coming years
Horticulture Bioplastic Market Report Highlights
Key Market Players
FKuR Kunststoff GmbH, Innovia Films, Braskem, Biome Technologies Plc, Metabolix, BASF S.A., Cardia Bioplastics, Novomant SPA, Corbion Purac, Natureworks LLC, Green Dot Bioplastics