Current Status and Future Development Trends of Biodegradable Plastic Bag Market in 2024

A biodegradable plastic bag is a type of plastic bag that can decompose in the natural environment, usually made of biodegradable materials such as starch and polylactic acid. Compared with traditional plastic bags, biodegradable plastic bags have better environmental performance and can effectively reduce pollution and damage to the environment.

Plastic pollution sounds an alarm!

Inger Andersen, Executive Director of the United Nations Environment Programme (UNEP), said, "Today marks the victory of the Earth over disposable plastics. This is the most important environmental multilateral agreement since the Paris Agreement and an insurance policy for this and future generations, who may coexist with plastics but will not be destroyed by them."

The global packaging market's demand for biodegradable plastics in 2023 has reached 9.45 million tons.

The beverage and food packaging materials industry is one of the most obvious energy and resource waste industries, with an annual production demand of 67 million tons of packaging materials, consuming energy and resources. The vast majority of packaging materials pose a serious threat to the ecological environment. In order to better protect the environment, biodegradable plastics have emerged.

Degradable plastics refer to plastics that meet various performance requirements, remain unchanged during storage, and can degrade into environmentally friendly substances under natural environmental conditions after use. Therefore, it is also known as environmentally degradable plastics.

The use of degradable plastics can be mainly divided into two fields. Firstly, in the fields where ordinary plastics were originally used, it is difficult to collect plastic products after use or consumption, which can cause harm to the environment, such as agricultural plastic films and disposable plastic packaging; The second is in the field of replacing other materials with plastics. The use of biodegradable plastics in these areas can bring convenience, such as golf course pegs and tropical rainforest afforestation seedling fixing materials.

Biodegradable plastic bags typically have the following characteristics:

Biodegradability: Biodegradable plastic bags can decompose in the natural environment without causing pollution or damage to the environment.

Recyclability: Biodegradable plastic bags can be recycled and reused like traditional plastic bags.

Safety: Biodegradable plastic bags are usually made of natural materials, free from harmful substances, and are safe for human health and the environment.

Breathability: Degradable plastic bags have good breathability, which can effectively prevent food spoilage and decay.

Overall, biodegradable plastic bags are a type of plastic bag with good environmental performance, which can effectively reduce pollution and damage to the environment. With the increasing demand for environmental protection and sustainable development, the market size and market share of biodegradable plastic bags are gradually expanding.

Market demand: The demand for biodegradable plastic bags in the global and Chinese markets mainly comes from industries such as retail, food, and medicine. These industries have high requirements for environmental protection and sustainable development, requiring the use of plastic bags with good environmental performance.

Market competition: The global and Chinese biodegradable plastic bag markets are highly competitive, mainly from domestic and foreign plastic bag brands. These brands typically have high quality and environmental performance, but their prices are relatively high and they face significant competitive pressure.

Market trend: With the increasing demand for environmental protection and sustainable development, the biodegradable plastic bag market is also constantly developing and innovating. For example, some brands have begun to launch more environmentally friendly and sustainable biodegradable plastic bag products to meet consumers' needs for environmental protection and health.