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Biodegradable Plastic Industry has Huge Development Potential

Feb. 22, 2020

With the increasingly serious environmental pollution and people's concerns about environmental degradation, various environmental concerns have been promoted. How to solve the pollution of white garbage was put on the agenda. An effective way to solve the "white pollution" is to use biodegradable plastics. In developed countries and regions such as the European Union, they are encouraged to use biodegradable plastics. For example, Italy stipulates that disposable plastic bags must be made of degradable plastic, while Germany, Belgium, and the Netherlands have formulated tax incentives to encourage the application of biodegradable plastics. The European Union has banned the use of traditional plastic bags across the European Union, increasing the promotion of biodegradable packaging products, which will undoubtedly bring new development opportunities to the development of biodegradable plastics, thereby promoting the rapid development of the biodegradable plastics industry.

The so-called biodegradable plastic refers to a class of high-molecular materials that can be degraded by bacteria, mold, algae and other microorganisms in a certain external environment within a certain period of time. We can use Biodegradable Bags to adapt to social development. Degradable plastic is an effective way to deal with "white pollution". "White pollution" refers to environmental pollution caused by random discards of agricultural films, plastic films for packaging, plastic bags, and disposable plastic tableware. China is one of the world's largest producers and consumers of plastic products, so "white pollution" is becoming increasingly serious. "White pollution" can cause long-term serious ecological and environmental problems. For example, waste agricultural films mixed in the soil can cause soil compaction, which affects the absorption of nutrients and moisture by crops, which will lead to reduced crop yields. Waste plastic packaging materials are randomly discarded in the wild and may be swallowed by animals as food, causing animal death. 

Biodegradable Bags

Biodegradable Bags

At present, the domestic biodegradable plastic industry still lacks strong policies, laws and regulations. In terms of implementation, there is currently no specific support policy for the industry. The lack of support policies has delayed the domestic biodegradable plastics market. Most domestic companies are mainly exporting biodegradable materials. For example, the Biodegradable Bag Manufacturer, the market has been outside. Not conducive to the sustainable and healthy development of the industry. However, this phenomenon is expected to change this year. According to relevant media reports, domestic support policies for degradable plastics are expected to be introduced in the second half of the year. The objects supported by the plan include bio-based materials and completely degradable materials, and the support means include value-added tax refunds, tax deductions, and key project procurement. If the relevant policies are promulgated smoothly, it will definitely bring a huge boost to the development of the domestic degradable plastic industry. At the same time, with the advancement of production technology and large-scale effects, the production cost of biodegradable plastic bags may also decline moderately in the next few years, and the minimum price may drop to be basically the same as the price of traditional plastics, thereby promoting the biodegradable materials in degree of application.

The above is the analysis of the prospects of the biodegradable plastic industry shared by Compostable Bag Factory.