Deep Polymers to foray into Biodegradable Polymers - What its exchange filing said

Deep Polymers Ltd has announced its decision to foray into Biodegradable Polymers in order to promote its efforts towards green living and waste reduction. "Growing consumer awareness of global warming, as well as government laws such as ‘The  Ban on Single Use Plastic’, has boosted the use of biodegradable plastics around the world," a statement said.

Biodegradable packaging has become a new trend in green living and waste reduction. Plastics that do not decompose are a worldwide problem. Governments all across the world are addressing this issue by prohibiting the use of single-use plastics and encouraging the usage of biodegradable polymers.

"Governments restricting the use of single-use plastics, as well as increased public awareness of the negative consequences of plastic waste, are two significant trends driving market expansion and increased usage of biodegradable plastics in packaging and agriculture is also expected to contribute to market growth," it added.

Biodegradable plastics 

Biodegradable plastics are made from renewable basic elements found in agricultural plant and degrade to carbon dioxide and water with the help of bacteria and microorganisms. 

The biodegradable plastics sector has succeeded to transfer a significant portion of traditional plastic consumers into its own domain through endless government efforts and laws.

Biodegradable polymers have a major advantage over non-biodegradable polymers in terms of degradation. This is because biodegradable polymers can be returned to the soil and enrich it by being composted with microorganisms. Moreover, decomposition and degradation of the biodegradable polymers stabilizes the environment and increases the longevity of the landfills by decreasing the garbage volume. They can also be reprocessed into useful oligomers by microbial, enzymatic, and hydrolytic treatment for other applications. For their environmentally beneficial character, people are willing to pay more for biodegradable plastics.

Importantly, the biodegradability of plastics depends only on the chemical structure and the physical properties, not on the raw material. The biodegradable made products can be decomposed in an industrial composting facility. These can be degraded in backyard compost or soil, as well. Furthermore, no harmful effect on the environment by using renewal sources while using the products produced by biopolymers. Consumption of bioplastics has numerous benefits such as reducing the dependency on fossil fuels, the necessity of less energy for the fabrication, reducing soil infertility, reducing CO2 emission, more sustainable, earth-friendly, and non-hazardous.