Better production, enhanced mechanization, and easier logistics are some of the key contributors to the higher usage of plastics in the horticulture industry. They have quickly replaced heavy and brittle clay pots as they are not as lightweight and durable as plastics. As globalisation gains momentum, the demand for exotic plants has increased. To this end, many greenhouses, growers, and nurseries are investing in larger, more efficient, and profitable logistical mediums and packaging, which is plastic. Although, as the environmental impact of plastics attracts higher scrutiny, bioplastics have grown in demand. Bioplastics are made up of sustainable materials such as vegetable oils and fats, soybean flour, and cornstarch. This is setting the stage for the growth of the global horticulture bioplastic market. In the coming years, favourable government initiatives and paced urbanisation is expected to lead the market to sound maturity.
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Favourable Government Norms to Sustain Market Growth
In the recent past, worsening plastic pollution trends have paved the way for several changes. Many government initiatives are also being proposed to encourage horticultural experts and players to adopt more eco-friendly and sustainable practices. Landfills have a notable environmental impact, creating an incentive to imbue bioplastics into horticultural techniques. Many greenhouse owners and gardeners are also making considerable efforts to adopt more ecological processes by using biodegradable plastics. Moreover, paced urbanisation is also contributing to landfills, creating a need for better usage of water resources and urban lifestyle conditions. These factors are propelling the global horticulture bioplastic market to greater heights.
Paced Demand for Polyesters to Open New Avenues of Growth
As bioplastic materials continue to improve in terms of quality and durability, the demand for polyesters is expected to exhibit an explosive increase. The demand for polyesters is growing amidst growing carpets, rugs, and other industrial product sales. Moreover, a mattress made of polyester is being employed in both residential and commercial floor settings. Moreover, several end-use industries including healthcare, automobiles, home, and electronics & construction are also contributing to positive market trends. Such a prolific demand for polyesters is expected to bode well for the global horticulture bioplastic market in the forecast period. Of late, high-end polyesters with greater durability, drying speed, and ease of clearing are also gaining traction.
North America to Dominate Horticulture Bioplastic Market Amidst Growing Environmental Awareness
A high concentration of key market entities, a fast-maturing consumer base, and higher environmental consciousness is expected to sustain North America’s dominance in the horticulture bioplastic market. Moreover, the presence of supportive government initiatives and support for sustainable industries is furthering the regional market growth prospects. Bioplastics are quickly replacing single-use plastics through stringent rules and regulations is also creating positive trends for bioplastics. In addition, growing technical breakthroughs in horticulture bioplastic technology are expected to stimulate further growth in major economies in North America.
Major Market Players
Some of the most notable players in the global horticulture bioplastic market players include Novomant SPA, Metabolix, Inc., Green Dot Bioplastics, Corbion Purac, Braskem, Cardia Bioplastics, Biome Technologies Plc, BASF S.A., Natureworks LLC, FKuR Kunststoff GmbH, and Innovia Films.
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