Insights from BCC Research

The plastic industry is shifting due to the growing awareness and demand of environmentally friendly and reusable material. Manufacturers have started to focus on bioplastics, as a way to both market themselves as planet-friendly while adhering to government regulation.

Self-healing polymers are an artificially developed polymer that are capable of repairing damage to a variety of building materials on their own, without the need of human intervention.

The demand for bioplastic or green polymer packaging—material produced from biomass and/or material that is biodegradable—is on the rise and is expected to grow more than 7% annually through 2023.

In 2017, about 140 billion pounds of plastic are recycled annually around the world and 60% were from post-consumer sources, i.e. waste from end consumers that was discarded and not made into another product. Examples include tissues, packaging, human and animal waste, and broken or outgrown items.