Biodegradable plastic bags are manufactured from plant-based and renewable raw materials that naturally decompose by microbial action after a few weeks. They are produced using different polymers, such as polystyrene (PS), polypropylene (PP), and polyethylene (PE). These bags are degraded by microorganisms into the base compounds, including water, carbon dioxide, and biomass, under specific conditions. They are safe for the environment and leave no traces. They are non-polluting and help reduce the waste sent to landfills, require less energy during manufacturing, and release fewer harmful substances when breaking down. As a result, biodegradable plastic bags find extensive applications across numerous industries, including food and beverage, pharmaceuticals, cosmetics and personal care, agriculture, and horticulture, for packaging purposes.
The global biodegradable plastic bags market is primarily driven by the growing awareness about the detrimental impact of disposable single-use plastics. Moreover, the surging adoption of biodegradable plastic bags for food packaging has augmented the product demand. In line with this, the rising sales of ready-to-eat (RTE) products and the increasing use of online food delivery applications are positively influencing market growth. Additionally, several key players are shifting their biodegradable polymer production facilities to emerging economies due to the availability of cheap labor and convenient feedstock acquisition. Along with this, the application of biodegradable plastics in various countries due to improving manufacturing procedures and chemical additives has catalyzed market growth. Furthermore, governments of numerous countries are taking favorable initiatives to implement a ban on non-biodegradable single-use plastics. In addition, the escalating demand for eco-friendly alternatives, such as biodegradable plastic bags, due to the rising environmental concerns among individuals is propelling the market growth. Other factors, including the growing demand for greener and cleaner products, increasing soil pollution, ongoing research and development (R&D) activities, and technological advancements, are also anticipated to drive the market further.
The report provides a techno-commercial roadmap for setting up an biodegradable plastic bags manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the biodegradable plastic bags industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the biodegradable plastic bags industry.
The project report covers the following aspects of the biodegradable plastic bags market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Biodegradable Plastic Bags Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Biodegradable Plastic Bags Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Biodegradable Plastic Bags Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Biodegradable Plastic Bags Market: Major Drivers and Challenges
Figure 2: Global: Biodegradable Plastic Bags Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Biodegradable Plastic Bags Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Biodegradable Plastic Bags Market: Breakup by Segment (in %), 2022
Figure 5: Global: Biodegradable Plastic Bags Market: Breakup by Region (in %), 2022
Figure 6: Biodegradable Plastic Bags Raw Materials: Price Trends, 2017 & 2022
Figure 7: Biodegradable Plastic Bags: Price Trends, 2017 & 2022
Figure 8: Biodegradable Plastic Bags: Margins Across Various Stages of the Supply Chain
Figure 9: Biodegradable Plastic Bags Manufacturing Plant: Breakup of Operational Costs
Figure 10: Biodegradable Plastic Bags Price Structure
Figure 11: Biodegradable Plastic Bags: Manufacturing Process Flow
Figure 12: Biodegradable Plastic Bags: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Biodegradable Plastic Bags Manufacturing Plant Layout
List of Tables
Table 1: Biodegradable Plastic Bags Manufacturing Plant: Raw Material Requirements
Table 2: Biodegradable Plastic Bags Manufacturing Plant: Project Planning
Table 3: Biodegradable Plastic Bags Manufacturing Plant: Phasing of Development
Table 4: Biodegradable Plastic Bags Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Biodegradable Plastic Bags Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Machinery
Table 8: Biodegradable Plastic Bags Manufacturing Plant: List of Machinery Suppliers
Table 9: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Raw Materials
Table 10: Biodegradable Plastic Bags Manufacturing Plant: List of Raw Material Suppliers
Table 11: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Packaging
Table 12: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Utilities
Table 13: Biodegradable Plastic Bags Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Biodegradable Plastic Bags Manufacturing Plant: Capital Costs
Table 15: Biodegradable Plastic Bags Manufacturing Plant: Operating Costs
Table 16: Biodegradable Plastic Bags Manufacturing Plant: Taxation
Table 17: Biodegradable Plastic Bags Manufacturing Plant: Depreciation
Table 18: Biodegradable Plastic Bags Manufacturing Plant: Income Projections
Table 19: Biodegradable Plastic Bags Manufacturing Plant: Expenditure Projections
Table 20: Biodegradable Plastic Bags Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Biodegradable Plastic Bags Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Biodegradable Plastic Bags Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Biodegradable Plastic Bags Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Biodegradable Plastic Bags Manufacturing Plant: Profit and Loss Account
Table 25: Biodegradable Plastic Bags Manufacturing Plant: Discount Factor Rate
Table 26: Biodegradable Plastic Bags Manufacturing Plant: Sensitivity Analysis
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