Low-carbon economy agitates biodegradable plastics market

The development of a low-carbon economy is becoming a global trend. The development of low-carbon industries as a fundamental way to protect the global climate and promote the development of the country’s economy has received increasing attention from the industry. Relevant experts pointed out that if bio-materials produced through biomass bio-processes are used to replace the three major synthetic polymer organic carbon materials used in China each year, hundreds of millions of tons of carbon dioxide can be reduced. Therefore, biodegradable plastics will play an important role in promoting a low-carbon economy. In particular, starch-based biodegradable plastics, polylactic acid (PLA), polybutylene succinate (PBS) will have broad prospects.
At present, the annual output of petroleum-based plastics worldwide is 165 million tons. As global oil resources supply is becoming increasingly tight and environmental issues caused by petroleum-based synthetic plastics have become increasingly prominent, the demand for bioplastics will increase rapidly. In addition, the development of low-carbon economy will also bring biodegradable plastics. New development opportunities. As a result, manufacturers continue to expand production capacity and actively develop new products.
According to experts' predictions, in the next 5 to 10 years, China will form a large sales market with starch-based, PLA, and PBS degradable plastics, with an annual output value of several billion yuan. In the areas of drug controlled release materials, bone fixation materials, and human tissue repair materials, several drug controlled release systems, bone fixation materials, and minimally invasive catheter materials have been successfully introduced into the market with starch-based, PLA, and PBS degradable plastics. The annual output value will also have several billion yuan. In terms of ecological fiber products, if it can develop and produce high-quality fiber products, there will be an annual sales value of 10 billion yuan in the market sales space; in the degradation of plastic daily products, the Chinese consumer market More space, annual sales will reach 10 billion yuan.
According to the life cycle analysis of products, bioplastics products are still in the bud stage and development period, and there is huge potential for growth. The market demand will be determined by several factors: national policies, customer needs, and oil price increases. These factors and conditions are gradually being formed. In particular, the rise of low-carbon economy has also played a significant role in promoting the development of global bio-plastics. At the same time, carbon emissions trading will replace oil futures trading, which may promote explosive growth in demand for the bio-plastics market.
In the era of low-carbon economy, with the rise in the price of petroleum products, people’s awareness of environmental protection and the support and implementation of policies, starch-based biodegradable plastics, PLA, PBS and other degradable plastic products are used for their environmental protection, economy, and use. The three advantages of sex will become the most promising new generation of biomaterials, and will also occupy more market share. The packaging industry will continue to be the largest market for biodegradable plastics, and the biodegradable plastics industry will usher in new opportunities for development.

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