Bio-based biodegradable plastic is made from renewable resources including vegetable oil, wheat, sugarcane, soy, rice, potatoes, corn, and so on. Bio-based polyethylene, for example, is a bio-based biodegradable plastic created from sugar cane, polyhydroxybutyrate is derived from microbial synthesis, and polylactic acid is derived from starch. Furthermore, bio-based biodegradable plastics aid in the reduction of reliance on non-renewable materials such as petroleum-based goods. It also contributes to a 35% reduction in greenhouse gas emissions. Because of their enhanced usefulness, ecologically benign nature, and low cost, bio-based biodegradable polymers have seen tremendous development after replacing conventional plastics.
As a result, bio-based biodegradable plastics are being utilized in a variety of end-use sectors, including electronics, construction, automotive, and packaging. The growing demand for bio-based biodegradable plastics from various end-use industries is likely to fuel the growth of the bio-based biodegradable plastics market. Plastic pollution has emerged as a serious environmental problem across the world. The United States is the world's leading producer of plastic garbage and one of the top three producers of ocean plastic waste. Plastic trash has an impact on environmental quality and the health of ecosystems. According to the U.S. Environmental Protection Agency (EPA), around 75.4% of plastic waste is landfilled, 15.3% is incinerated, and 9.3% is recycled. In 2018, the U.S. generated around 35.7 million tons of plastic.
Furthermore, government attempts to minimize greenhouse gas emissions are likely to boost the growth of the bio-based biodegradable plastics market. For example, the Indian government projected to reduce greenhouse gas emissions intensity by 33-35 percent from 2005 levels by 2030. Furthermore, in 2019, the United Kingdom became the first country in the world to approve legislation aimed at reducing its contribution to global warming by 2050. By 2050, the United Kingdom will have reduced all greenhouse gas emissions to zero. These activities are projected to drive market expansion. However, the scarcity of raw materials and the high manufacturing costs are projected to hamper the growth of the bio-based biodegradable plastics market.