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Horticulture Bioplastic
The horticulture bioplastic market was estimated at USD 7.1 billion in 2021 and is anticipated to reach USD 28.40 billion by 2028, growing at a CAGR of 21.90%
Bioplastics are non-petroleum polymer materials that are created from biological wastes or byproducts of biological processes. Vegetable growth is where polyethylene mulch is most frequently used. On the other hand, producers foresee horticulture bioplastics as a replacement to address environmental issues related to the disposal of petroleum-based plastics. Horticulture bioplastic, which is made of bio-based materials, releases nutrients as it decomposes and has several advantageous benefits on the environment.
Use of biodegradable mulching films has advanced quickly, allowing cultivators to include bioplastic mulch rather than remove it from the field for recycling after use, enhancing operational efficiency. Future innovations in horticulture bioplastics include plants that can withstand dust, fertiliser rods, and pheromone traps.
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Horticulture Bioplastic Market Participants Include:
Green Dot Bioplastics, Novomant SPA, Metabolix, Inc., BASF S.A., Natureworks LLC, Corbion Purac, Braskem, Cardia Bioplastics, Biome Technologies Plc, FKuR Kunststoff GmbH, Innovia Films
Biodegradable plastic providers have created cutting-edge bio composite polymers that address price and performance issues, forcing consumers to give up plastic-based products. To meet the needs of the horticultural industry, bioplastics with additional components-such as inorganic fillers or thermoplastic-are being employed to impart relatively high performance characteristics, such as high thermal distortion and mechanical strength.
Horticulture Bioplastic Market Recent Developments:
In March 2021, Novamont and Iren have agreed to collaborate for three years in the field of integrated trash-collecting systems, to reduce non-recyclable garbage at the source and achieve the goals of a circular bio-economy. Both companies are committed to the creation of particular projects aimed at improving the management of compostable products and packaging, as well as their augmentation and recovery from the organic fraction of solid waste at Iren treatment plants. In November 2019, Because of its increased mechanical and physical qualities, which give exceptional barrier properties, Genpak and Danimer Scientific formed a partnership to develop biodegradable food containers as a new product line, with Nodax Polyhydroxyalkanoates (PHA) as the main component.
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Horticulture Bioplastic Market: Drivers and Restraints
Demand for horticulture bioplastics will rise as customer preferences for greener products shift. As a result, major plastic producers and suppliers have shifted their focus to bioplastic technology. The fact that landfills provide serious environmental risks is another factor that has driven the use of bioplastic in horticulture practises. By adopting cutting-edge biodegradable material, greenhouses and gardeners may simply decrease the environmental impact of plastic pots. One of the key elements boosting demand for horticulture bioplastics is government initiatives encouraging horticulturists to utilise sustainable and ecologically friendly goods. Also, the government provides incentives, certifications, exemptions, and subsidies to companies who develop and market environmentally friendly products. Use of horticulture bioplastic products has been limited since recycling them is an expensive and time-consuming process.
The costly and time-consuming recycling process has limited the usage of horticulture bioplastic products. The slow decomposition of horticultural bioplastics may restrict their application in agriculture. Recent significant improvements in the production of biodegradable polymers have made it possible to create brand-new, very effective horticulture bioplastics.
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Horticulture Bioplastic Market: Segmentation
The bio-based category is anticipated to dominate the horticulture bioplastic market during the forecast period. Unlike conventional plastics, bio-based plastics are made fully or partially from biological sources. The Bio range of protective items uses bioplastic made from plants. The sugar cane-based Bio line is a logical progression in our effort to have a positive global impact. Bioplastics may still be fully recycled and have the exact same physical and chemical properties as regular plastic. In a variety of uses, including transportation, manufacturing, energy, and packaging, bio-based products have outperformed incumbents made from petroleum.
By Type
Bio based Petrochemical based
By Raw Material
Polylactic Acid (PLA) Polyesters Starch Blends Polyhydroxyalkanoates (PHA) Bio-PA (polyamide) Bio-PE (polyethylene) Bio-PET (polyethene terephthalate) Others
Regional Outlook:
The horticulture bioplastic market is currently dominated by North America, and future years are expected to see this dominance continue. Government support and increased consumer health concern are the key elements driving the development of bioplastics. The presence of well-known producers such as Metabolix, Inc. (US), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), and Natureworks LLC (US), among others, is accelerating the market's expansion during the course of the projection period. In order to grow their businesses, the main firms in the market have used tactics such R&D spending, industry innovations and advancements, new product debuts, acquisitions, and mergers.
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