Biodegradable Bioplastic Manufacturing / Processing Unit
There are various opportunities present globally for the products and solutions based on bioplastic, that include industry like, packaging, insulation materials, specialty materials, and more. The polylactic acid (PLA) and the polyhydroxy butyrate acid (PHB) are two of the biopolymers targeted for use in the food industry as packaging material.
These eco-friendly polymers degrade rapidly and it would replace the usage of petroleum-based synthetic polymers. Also, the packaging industry in India is expected to reach $103 billion in 2022, growing at a CAGR of 17.2%, while the global market potential for bioplastic products is about $ 14 billion in the year 2019-2022.
The demand for bioplastic is increasing steadily and labels it as one of the fastest growing thermoplastic commodity kinds globally. Therefore, the bioplastic manufacturing unit has a great opportunity in the Packaging and Cleantech industry, which would boost the moral and business of new entrants and existing businesses of this industry.
Our team is working on the “Bioplastic Processing/ Manufacturing Unit” a growing business of Plastic/ Packaging Industry. Our expert’s team has prepared The Business Planning Reports on the title. [Those reports are, Business Feasibility Study Report, Business Modelling Report, Business Plan and Detailed Project Report].
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