bioplastics will see tremendous growth
Now is an ideal moment for investors to start looking at bioplastics manufacturers.
The plastics industry is changing. Forecasts are predicting bioplastics will see tremendous growth over the next decade and now is an ideal moment for investors to start looking at bioplastics manufacturers.
Over the past few years, large plastic companies have become interested in having a more sustainable option to offer companies and consumers, similar to many other markets such as energy, agriculture and fuels. Bioplastics differ when compared to those other markets because the industry doesn’t rely on government subsidies. Instead, the responsibility is on the manufacturers to figure out how to reduce costs and make themselves a bigger player in the plastics market.
Being a lone wolf in the pack of eco-friendly efforts, one of bioplastics major appeals is an established infrastructure. Power generation such as solar and wind requires a change in infrastructure and a drastic development of new technologies, but bioplastics are being developed to work in existing injection molding equipment. Bioplastic resins and composites have been formulated to work in equipment that has been used for decades to produce plastic parts. Combine this with the fact that bioplastics can be done anywhere in the world and you have a tangible, feasible and sustainable effort that companies are latching on to.