Top Biodegradable Plastic Companies
18 Dec, 2023

Worldwide biodegradable plastic market changed into US$ 5.28 Billion in 2022. Biodegradable plastics are crafted from renewable biomass substances such as starch blends, polycaprolactone, polybutylene adipate terephthalate (PBAT), and polylactic acid (PLA). These substances manufacture a huge range of products, together with bottles, films, packaged goods, automotive interiors, production materials, and electronics. The biodegradable plastic industry has been growing progressively over time, and the demand for bio-primarily based products supported by policies is anticipated to increase similarly. According to IBEF, the electronics production industry in India is expected to reach a fee of US$ 520 billion by 2025.

However, the COVID-19 pandemic has appreciably impacted the biodegradable plastic market, leading to production barriers, supply chain disruptions, logistics restrictions, and a decline in demand. Despite those setbacks, the biodegradable plastic market is predicted to develop in the upcoming years, driven via robust growth and increasing applications in important industries like packaging. Governments worldwide are taking active measures to prohibit single-use plastics, and customers are getting more aware about the dangerous results of plastic waste. These trends are contributing to the increase of the biodegradable plastic market.

Furthermore, biodegradable plastics are more and more used in packaging and agriculture, that's predicted to supplement the sector’s growth. Non-decomposable plastics have emerged as a number one problem globally because of their terrible environmental effect. To deal with this issue, various governments are taking steps along with banning single-use plastics and promoting the use of biodegradable plastics. Consumers are inclined to pay a top rate for eco-friendly options, driving the increase of the biodegradable plastic marketplace. As a result, adoption of biodegradable plastics is anticipated to boom inside the coming years, leading to more sustainable future. The global biodegradable plastics market is projected to develop at a CAGR of 13.38% from 2023 to 2030, with a value of US$ 14.43 Billion by 2030.

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Total Corbion

Headquartered: Netherlands
Establishment: 1919

TotalEnergies Corbion (formerly Total Corbion PLA) is a global technology leader in polylactic acid (PLA) and lactide monomers. PLA is a biobased and biodegradable polymer made from annually renewable resources, offering a reduced carbon footprint versus many traditional plastics. The Luminy® PLA portfolio includes high heat and standard PLA grades and is an innovative material used in various markets, from packaging to consumer goods, fibers, and automotive. 

Recent Developments

April 2023, Danimer Scientific, Inc. and TotalEnergies Corbion have jointly developed a new compostable coffee pod biopolymer that complies with the proposed EU packaging regulations. Both companies are leading bioplastics companies focused on the development and production of biodegradable materials. The new material is expected to be an eco-friendly alternative to traditional plastic coffee pods. The development of this biopolymer is a significant step towards reducing the plastic waste generated by single-use coffee pods.

Mitsubishi Chemical Holding Corporation

Headquartered: Japan 
Establishment: 2005

Mitsubishi Chemical Group Corp (MCGC), previously known as Mitsubishi Chemical Holdings Corp, is a well-diversified chemical company. Its wide range of products and services includes advanced polymers, high-performance chemicals, high-performance films, advanced moldings and composites, petrochemicals, carbon, industrial gases, methyl methacrylate, and environment and living solutions. Besides offering ethical pharmaceuticals, diagnostic reagents and instruments, capsules and pharmaceutical equipment, active pharmaceutical ingredients and intermediates, and self-health check services, MCGC serves various sectors such as mobility, environment and new energy, information technology, electronics and display, medical, food and bioproducts, packaging, labels and films, and healthcare.

Recent Developments

Dec 2022 – The Mitsubishi Chemical Group at this moment announced that it has developed a biodegradable/compostable dispersion solution using its plant-derived biodegradable/compostable polymer BioPBS™ in collaboration with Chukyo Yushi Co., Ltd. (Chukyo Yushi). The dispersion will be rolled out as a new grade for Chukyo Yushi'sbiodegradable/compostable dispersion RESEM bio packaging materials. In addition, Rengo Co., Ltd. (Rengo) and Nihon Matai Co., Ltd., a member of the Rengo Group, plan to market a packaging material using the dispersion as part of a lineup for the biodegradable/compostable packaging material brand REBIOS®.

Toray Industries

Headquartered: Japan
Establishment: 1926

Toray Industries Inc. sis a quite reputed company that makes a specialty of superior substances. Their numerous product portfolio incorporates an extensive variety of products, which includes Biodegradable plastic, fibers, style apparel, plastics, chemicals, composite materials, life sciences products, scientific devices, prescribed drugs, and optical products. They also provide carbon fibers, carbon fiber composite materials, polyester, polyethylene, polypropylene, and water remedy membranes. These goods are broadly used throughout various industries, together with apparel, industrial substances, automobile, creation, water treatment, and clinical sectors. Furthermore, they offer physical assessment, evaluation, and research-related services. Apart from this, Toray also affords comprehensive engineering, condominiums, business device and machinery, water treatment membranes, IT-related gadget, and related device, as well as materials for housing, building, and civil engineering packages. With its modern technology and first-rate merchandise, Toray Industries Inc. has recognized itself as a reliable and progressive company of superior materials.

Recent Developments

August 2022 – Toray Industries, Inc. created the world's first 100% bio-based adipic acid from sugars derived from inedible biomass. This is a raw material used for nylon 66 (polyamide 66). The achievement was made possible by combining the company's microbial fermentation technology and chemical purification technology that harnesses separation membranes.

BASF SE

Headquartered: Germany
Establishment: 1865

BASF SE is a leading chemical company specializing in producing, marketing, and selling a diverse range of chemicals, plastics, crop protection products, and performance products. Its extensive product line includes solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company caters to various industries, such as construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, and chemicals. BASF works closely with global customers, scientists, and partners to conduct research and development. They operate through a network of manufacturing facilities spread across the world.

Recent Developments

June 2023 – BASF has opened a new Biodegradation and Microplastics Center of Excellence at its Wyandotte, Michigan site. The center aims to help BASF customers in North America achieve their sustainability goals. The center will offer tailored solutions directly to customers, supported by scientific studies and consulting. It also aims to increase the speed-to-market for circular economy products and advocate sustainability issues. A biodegradation laboratory is included in the center, which was officially opened at a ribbon-cutting ceremony attended by BASF representatives from across North America within research and business divisions.

Green Dot Bioplastics

Headquartered: Emporia
Establishment: 2009

Green Dot Bioplastics is a bioplastic material technological know-how company working within the sustainable substances’ enterprise. The organization offers quite a few sustainable materials, together with timber plastic composites, starch bio composites, biodegradable composites, and compostable elastomers, all designed to reduce environmental impact without compromising on quality of overall performance. Green Dot Bioplastics mostly serves designers and manufacturers trying to lessen their ecological footprint.

Recent Developments

July 2022 – Green Dot Bioplastics has announced the growth of its Terratek BD line with nine new compostable grades. The new grades are aimed toward single-use and packaging applications, with the goal of accomplishing faster costs of biodegradability in ambient situations. The pass is consistent with Green Dot Bioplastics' dedication to assembly the developing sustainability needs of emblem owners and customers.

Amcor Limited

Headquartered: England
Establishment: 1896

Amcor Plc specializes in supplying an extensive variety of packaging solutions, along with plastic, fiber, metal, and glass packaging products. The companie's various product line consists of pet bottles, plastic bottles and jars, drugs and closures, forte folding cartons, free flims, luggage and pouches, wrappers, inflexible boxes, laminates, and float packs. Amcor's products cater to diverse industries, inclusive of drinks, food, prescription drugs, clinical devices, home care, personal care, pet care, distinctiveness cartons, and different technical programs. Additionally, the company caters to the scientific device, healthcare, pharmaceutical, non-public care, and domestic product markets.

Biome Bioplastics

Headquartered: London
Establishment: 2002

Biome Bioplastics is a top-notch eco-friendly plastics developer in the UK. They strive to make bioplastics that can take on oil-based polymers and eventually replace them altogether. The company specializes in producing biodegradable and compostable plastic materials. They offer various services, including injection molding, sheet extrusion for thermoforming, vacuum forming, blown film, lamination, extrusion coating, and monofilaments. All these services focus on making bioplastic materials that can take on oil-based polymers and eventually replace them entirely. This approach helps clients to have environment-friendly products at a reasonable cost.

Danimer Scientific

Headquartered: United States
Establishment: 2004

Danimer Scientific Inc. is committed to creating plastic products that are more sustainable and natural. The company's Nodax brand name offers renewable and sustainable biopolymers, which have been instrumental in developing 100% biodegradable and compostable plastic products. Compared to traditional plastic products, Danimer Scientific's biopolymers are more environment friendly, as they return to nature rather than pollute lands and waters. The company's technology is used in a wide range of plastic products that people use every day, including additives, aqueous coatings, fibers, filaments, films, and injection-molded articles. Danimer Scientific holds over 470 patents and pending patent applications in nearly 20 countries for various manufacturing processes and biopolymer formulations.

Cargill Incorporated

Headquartered: United States
Establishment: 1865

Cargill Inc. is a renowned agribusiness company that operates across various fields such as food, agriculture, finance, industrial, and risk management. The company specializes in the marketing, processing, and distributing of grains, oilseeds, sugar, meat, cotton, and other food products. It also manufactures natural ingredients for the personal care industry, animal feed, pet food, and bio-industrial products. Cargill offers various services, including technical support, data asset solutions, risk management, transportation and logistics, and marketing services. Additionally, the company produces and distributes fuel ethanol, starch sweeteners and starch, and biodiesel.

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