BIODEGRADABLE PLASTIC PRODUCTS (BAGS, PLATES & GLASSES)
| Capacity
|
28125000 Nos./Annum Glass, 15000000 Nos./Annum Plates, 12857000 Nos./Annum Bags
|
Plant and Machinery cost
|
145.00
Lakhs
|
| Working Capital
|
0.00
|
Rate of Return (ROR)
|
44.00
%
|
| Break Even Point (BEP)
|
49.00
%
|
TCI
|
258.00
Lakhs
|
| Cost of Project
|
258.00Lakhs
|
Description:
Plastics have become an important part of modern life and are used in different sectors of applications like packaging, building materials, consumer products and much more. Most of today's plastics and synthetic polymers are produced from petrochemicals. As conventional plastics are persistent in the environment, improperly disposed plastic materials are a significant source of environmental pollution, potentially harming life. The biodegradable polymers could be an alternative to the conventional plastic materials. The term biodegradable means that a substance is able to be broken down into simpler substances by the activities of living organisms, and therefore is unlikely to persist in the environment. There are many different standards used to measure biodegradability, with each country having its own. The requirements range from 90 per cent to 60 per cent decomposition of the product within 60 to 180 days of being placed in a standard composting environment. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics. Biodegradable plastic products physical and chemical properties are similar to those of traditional plastics, but it is completely biodegradable in different environments, just like pure cellulose. The advantages of biodegradable plastics can prevent plastic pollution from becoming worse, and other methods can be used to help clean up any of this pollution that is already present. Waste to energy programs, and other alternative uses for traditional plastics that are cluttering up landfills and other areas, can eliminate the plastic garbage buildup that harms the earth and environment. India consumes around five million tons (mt) of plastic products every year. Of this, a large amount of consumption happens through use of plastic bags alone. The country doesn’t have a national ban on use of plastic bags. However, on their own, several states such as Punjab, Goa, Himachal Pradesh, Jammu & Kashmir, Kerala, Maharashtra, Sikkim and West Bengal have imposed a ban on plastic bags. Rajasthan, the largest state of India joined this green league in July. In recent years, more and more attention as the green packaging and also for the promotion of environmental protection considerations began to encourage the production of biodegradable plastic packaging. Biodegradable materials by nature rely on the role of microbial decomposition, as packaging materials can significantly reduce the amount of garbage. With good quality of products, about 41% of biodegradable packaging is used for food preservation. 90 years since the 20th century, the global production of biodegradable plastics rapid increase, of which around 60% used in the packaging industry. The coming year 2011, biodegradable plastic packaging production will reach 116,000 tons, an average annual growth rate of 22%. There is a very good scope and future for this product and new entrepreneurs should venture into this field.
|
Biodegradable Plastic Products (Bags, Plates & Glasses)
| Capacity
|
Bio-Plastic Glasses (wt. each Glass 16 gms) : 62500 Pcs/Day Bio-Plastic Plates (wt. each Plate 40
|
Plant and Machinery cost
|
156.00
Lakhs
|
| Working Capital
|
0.00
|
Rate of Return (ROR)
|
28.00
%
|
| Break Even Point (BEP)
|
41.00
%
|
TCI
|
0.00
Lakhs
|
| Cost of Project
|
789.00Lakhs
|
Description:
Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics. Biodegradable plastic products physical and chemical properties are similar to those of traditional plastics, but it is completely biodegradable in different environments, just like pure cellulose.
Indian economy is one of the fastest growing economies of the world and a founding member of SAARC and G4 nations. Some of the largest cities in India are Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad, and Kolkata. The country has low per capita income of USD 1165 and USD 5238 in PPP terms. Biodegradable Plastic Market is expected to grow at a CAGR of xx.xx% to reach $xx billion by 2020. The global bio plastics market was 19.54 billion USD in 2016 and is estimated to reach US$ 65.58 billion in 2022 at an estimated CAGR of 22.36% for the forecasted period. This facilitates the development of new technologies and ensures a high quality product.
|
Biodegradable Plastic Products (Bags, Plates & Glasses)
| Capacity
|
Biodegradable Plastic Glasses (wt. each Glass 16 gms): 100,000 Pcs. per day Biodegradable Plastic Pl
|
Plant and Machinery cost
|
157.00
Lakhs
|
| Working Capital
|
0.00
|
Rate of Return (ROR)
|
33.00
%
|
| Break Even Point (BEP)
|
39.00
%
|
TCI
|
0.00
Lakhs
|
| Cost of Project
|
865.00Lakhs
|
Description:
Plastics have become an important part of modern life and are used in different sectors of applications like packaging, building materials, consumer products and much more. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics.
Biodegradable materials by nature rely on the role of microbial decomposition, as packaging materials can significantly reduce the amount of garbage. With good quality of products, about 41% of biodegradable packaging is used for food preservation. 90 years since the 20th century, the global production of biodegradable plastics rapid increase, of which around 60% used in the packaging industry.
The domestic market for plastic is currently about 15 million tons annually, and plastic made from vegetable resin accounts for only about 10,000 tons. Experts say that a 10% share of the market is a reasonable interim goal. The global bio plastics market was 19.54 billion USD in 2016 and is estimated to reach US$ 65.58 billion in 2022 at an estimated CAGR of 22.36% for the forecasted period.
|
Biodegradable Plastic Products (Bags, Plates & Glasses)
| Capacity
|
Biodegradable Plastic Glasses (wt. each Glass 16 gms):187500 Pcs. per day Biodegradable Plastic Plat
|
Plant and Machinery cost
|
204.00
Lakhs
|
| Working Capital
|
0.00
|
Rate of Return (ROR)
|
32.00
%
|
| Break Even Point (BEP)
|
38.00
%
|
TCI
|
0.00
Lakhs
|
| Cost of Project
|
1564.00Lakhs
|
Description:
The biodegradable polymers could be an alternative to the conventional plastic materials. The term biodegradable means that a substance is able to be broken down into simpler substances by the activities of living organisms, and therefore is unlikely to persist in the environment. There are many different standards used to measure biodegradability, with each country having its own. Biodegradable plastics are mainly derived from corn, wheat and potato starch. Biodegradable plastics products are thermoplastic materials which are processed with the same machines traditionally used to process conventional plastics.
The development of green packaging support mainly by the following factors: on the one hand, biodegradable plastic packaging with energy saving, environmental protection and recycling advantages. On the other hand, the global market, distribution channels and other government departments and various forces are actively promoting this new technology. In the next two to three years, the market demand for biodegradable plastic will gradually become stronger. Biodegradable materials by nature rely on the role of microbial decomposition, as packaging materials can significantly reduce the amount of garbage. With good quality of products, about 41% of biodegradable packaging is used for food preservation. 90 years since the 20th century, the global production of biodegradable plastics rapid increase, of which around 60% used in the packaging industry.
|