Frost & Sullivan, a world-renowned growth consulting firm, published a research report in March 2010, arguing that the biodegradable plastics market will gradually expand and its growth rate will accelerate. Packaging remains the main market for biodegradable plastics, but the proportion of applications will gradually decline, while new applications of biodegradable plastics in the automotive and electronics industries will drive growth in overall demand.
Biodegradable plastic refers to a plastic formed by the action of microorganisms based on natural substances such as starch. It includes the following products: polylactic acid (PLA), polyhydroxyalkanoate (PHA), starch plastics, bioengineering plastics, bio-generic plastics (polyolefins and polyvinyl chloride).
Biodegradable plastics are mainly used as food soft and hard packaging materials due to their good degradability. This market is also a large application area for biodegradable plastics. However, because biodegradable plastics have not yet been mass-produced, it is very difficult to replace all traditional plastic packaging. In the short term, especially in times of poor economic conditions, industry customers will pay a lot of attention to cost-effectiveness. In the long run, biodegradable plastics have to develop a field that can truly outperform all other traditional plastics in terms of performance, not just the angle of life superior to other materials. Companies currently producing biodegradable plastics have been struggling to find a way to make biodegradable plastics perform their large performance, looking for ways to improve the performance of biodegradable plastics, such as extending the shelf life of products. Typical applications include cutlery and fast food restaurants and restaurants, such as biodegradable plastics in compost bins that can be processed with leftovers and the like.
Another application is to infiltrate the application of biodegradable plastics into high-value and high-performance engineering, which will show a high trend in the future. For example, DuPont, which produces Sorona polymers, and Arkema, which produces polyamides, and other producers have gradually entered the field. Interestingly, PLA has been increasingly used in this field after significant improvements in production processes and production processes. This enables new applications for such polymers to be related to automotive and electronic products. Nowadays, natural fiber reinforced plastics have been used more and more in automotive interiors from the perspective of production and economic efficiency. So the designer will next increase the use of biodegradable plastics inside the passenger vehicles used. Globally, the automotive industry will consume about 19 million tons of engineering plastics in 2010, while biodegradable plastics account for only a small proportion of the total in the short term, so the potential of bioplastics in the automotive industry is enormous. The potential of plastics in the electrical and electronic market is also enormous. In addition to the increasing use of PLA by mobile phone manufacturers on mobile phone casings, biodegradable plastics will be expanded to other electronic products.
At present, the proportion of biodegradable plastics in electrical equipment and home appliances is still very small, but in the long run, Frost & Sullivan believes that the proportion of plastics will be significantly improved in the next five years.
Competitive structure
Agricultural companies are currently successful companies in the biodegradable plastics market because they have access to low-cost raw materials. As one of the pioneers in the market, Cargill has achieved considerable economic benefits from the biodegradable plastics business. Biodegradable plastics Because the traditional advantage of these agricultural companies is not plastic sales, they are actively seeking to cooperate with chemical companies in sales to expand their target customers' coverage. . On the other hand, major chemical companies (such as DSM, etc.) are willing to adapt to the trend of technology in view of the rich product line, and gradually introduce new biodegradable plastics into the company's product line.
In addition to the above-mentioned agricultural companies and chemical companies, there are also suppliers of modified plastics on the market. The company improves the performance of biodegradable plastics by incorporating various additives in plastics, even traditional plastic particles. More well-known suppliers of modified plastics include Cereplast and FKuR.
There has not been any large-scale mergers or acquisitions in the global biodegradable plastics market. Frost & Sullivan expects that large-scale mergers and acquisitions will still not occur around 2012, as the valuation of the biodegradable plastics business is generally low and the company will not consider selling the business. However, with the development of the biodegradable plastics market, major chemical companies are increasingly interested in the business of biodegradable plastics, not to mention that they will acquire companies that produce biodegradable plastics with technology.
Biodegradable plastics market development trend
Biodegradable plastics are now facing a critical period when suppliers are gradually putting bioplastics into commercial production from laboratories or test sites. Early producers have prepared for their mass production and are ready to start their own production plans by 2010. Not only that, but some of the giants in the oil industry have gradually entered the bioplastics industry. Their emergence will greatly increase the market investment, and it is possible to propose various technical solutions.
The increase in supply has also led to an increase in demand.
The reason for the stagnant development of biodegradable plastics in the past is that there are fewer types of products on the market. Some biodegradable plastics, such as PHA, have not been commercially produced at all, and are currently produced by pilot plants or laboratories. Even mainstream biodegradable plastic products, such as PLA and starch plastics, are far less expensive than traditional plastic products. This will require an increase in the production of biodegradable plastics.
It is expected that the supply shortage will change in one to two years. Major bioplastics plants are expanding capacity. NatureWorks has doubled its PLA capacity by expanding its production line. Novamont has just built its biorefinery and its raw material supply capacity will increase significantly. A market that stimulates biodegradable plastics. Braskem has also built a large global biopolyethylene production line to date.
Customer focus on carbon footprint will increase demand for renewable materials
Carbon footprint refers to the total amount of greenhouse gases produced directly or indirectly to support human activities, usually expressed in tons of carbon dioxide produced. The impact of global warming is getting more and more attention, and governments are hoping that people can propose solutions. Customers are also paying more and more attention to this, they require manufacturers to limit their greenhouse gas emissions. All of these changes have made renewable materials an environmentally friendly material and have also increased their demand.
Product development and innovation will create new opportunities for biodegradable plastics
Although biodegradable plastics lack large production facilities, suppliers have successfully applied biodegradable plastics to a variety of products. Suppliers have also discovered some of the shortcomings of biodegradable plastics, such as PLA that is not resistant to high temperatures. However, with the development of high temperature resistant PLA products by Shanghai Petrochemical, the application range of PLA has also been extended to new areas. For example, the relevant departments stipulate that the plastic used for the outer casing of the mobile phone must have basic flame retardant properties, and the high temperature resistant PLA can be used in this industry. This technological innovation and improvement will make biodegradable plastics more widely used.
The government intends to promote the demand for renewable materials globally
Government-sponsored policies can drive demand for renewable materials and have a critical impact on market growth. For example, the US Department of Agriculture's Bio-Priority Program directly increases the demand for biodegradable plastics.
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