How to start a Biodegradable Plastic Manufacturing Company?

What is Biodegradable Plastics?

Plastic materials that are produced from renewable biomass sources such as vegetable oils and fats, straw, starch mainly corn starch, sawdust, woodchips, food wastes that can be recycled, and so forth is known as biodegradable plastics.

We can make these plastics can from agricultural by-products and also from used plastic products and other plastic containers using microorganisms.

These plastics are costlier than that of the normal ones. They cost about 1.5 cents when compared to 1.2 cents of the normal ones. The rise in cost is due to the use of expensive amid rising oil prices. The cost of the bags that are made from corn or potatoes may even cost ten times much than the normal ones.

Manufacturing Process of Biodegradable Products

The process of making these biodegradable plastics begin with melting down the materials needed for a plastic. Then you need to pour the melted mixture into molds of different shapes to make the desired products such as plastic water bottles and utensils.

In short, plastics that decompose in the environment within a limited time are termed as Biodegradable plastics. They are made up of renewable raw materials, and it's an added advantage of manufacturing biodegradable plastics.

You should make a note that many of the biodegradable items require additives that are biodegradable to enhance the biodegradation process and certain type of biodegradable plastics may require a specific environment to disintegrate.

How to start a Biodegradable Plastic Manufacturing Company?

If you are planning to start a biodegradable plastic manufacturing company, you need to take care of these things:

1. Set up a Manufacturing Business Plan

Before starting any business, the main thing is to do perfect planning about what are we going to do. The next step is to implement them in real life. According to the statistics in the United States Of America, the biodegradable plastic manufacturing industry generates over $469 million annually, and industry gives jobs to an average of 529 people.

It helps a country's economy and also gives employment opportunities to the people around the area. This business is profitable when compared to the other manufacturing business, and it is an open, perfect area for an entrepreneur.

2. Do Proper SWOT Analysis

It is an analysis used to determine a company’s strengths, weaknesses, opportunities, and threats that are about to come according to the business project. This business is yet to become the most profitable ones among the other businesses.

The strength of the biodegradable plastics depends on the quality of the bags they produce. The weakness depends on the competitors who consider these statistics as we do and perform the quality we made also.

The best opportunities in the business are awareness used to its raising environment. The threat is to face an economic downturn. After considering these analyses, the business turns the most profitable one.

Also Read: How to start Jute Bags Manufacturing Business?

3. Sales and Marketing Strategy

These biodegradable plastic bags are used to contain food products, bags for buying groceries, bags for disposing of trash, and bags used for packing. The price you fix determines your mark in the market. Despite the quality, the main thing, fix a perfect price to sell your plastic bags.

4. Advertising Strategy

The best way of advertising is to place advertisements through local newspapers, radio and TV stations. You should always encourage the way of advertising to the local people. If your bag covers and proves yours to the local ones, the bags will be greeted by all.