OXO BIODEGRADABLE CARRY BAGS
[CODE NO.4095]
India Bio Plastics Market Dynamics:
Increasing eco-awareness among consumers, mandates & regulations, corporates becoming more focused on sustainability, technology stabilization and cost reduction are factors driving the India bio-plastics market. Bio-based Polyethylene (PE) and bio-based polyethylene terephthalate (PET) are non-biodegradable plastics and are the main drivers of non-biodegradable growth. Production revenue of biodegradable plastics, such as polylactic acid or polylactide (PLA), Polyhydroxyalkanoates (PHA), and starch blends is growing steady rate. Increasing application of polyethylene and polyethylene terephthalate in packaging is propelling the non-biodegradable plastic.
Substitute and lack of awareness are restraining the market growth. High cost than conventional plastics and evolving upstream technology poses a challenge to the market. The India Bio Plastics Market dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at regional and state level for the India Bio Plastics Market.
India Bio plastics Market to grow at 28.4 % CAGR during the forecast.
A OXO - Biodegradable Plastic is such that degrades when exposed to micro organisms,
heat and sunlight. A OXO - Biodegradable Plastic bag is made from normal polyethylene
product-the same as most bags-but is also contains newly invented
additives.
Biodegradable additives when mixed with compatible plastic raw material LLDPE / LDPE,
Will cause the plastic to photo, thermal and chemically degrade as litter in anaerobic and aerobic facilities.
These plastics will progressively degrade to lower and lower molecular weights As a result of which they become brittle, fragmented until appoint in time they are digested by the micro organisms back to the basic elements of carbon dioxide, water and the biomass.
Advantages:
• Keeps the Environment Clean
• Has all the characteristics of normal plastic without Its harmful effects on Environment.
• Saves Manpower as Segrigation of Waste from Plastic is Not Required.
• Burns like Paper and Leaves ash as residue
India Bio Plastics Market is studied by Various Segments:
J&K Agro Industries Ltd has started its joint venture with Earthsoul India to launch the country’s first integrated biopolymer facility that can manufacture 100% bio-degradable and compostable products. Envigreen, Ecolife, Plastobags, Earthsoul India and Truegreen are major players operating in the India’s bioplastic market.
India Bio plastics Market by Product:
Biodegradable bioplastics
• Polyester
• Polylactic Acid (PLA)
• Polyhydroxyalkanoates (PHA)
• Starch Blends
• Others (Cellulose Esters and others)
Non-Biodegradable Bio-plastics
• Bio-PE (polyethylene)
• Bio-PET (polythene terephthalate)
• Bio-PA (polyamide)
• Others
India Bio plastics Market by Application:
• Packaging
• Textile
• Agriculture & Horticulture
• Consumer Good
• Automotive, Electronic
• Building & Construction
• Others
Key players analysed in India Bio plastics Market:
• Envigreen
• Ecolife
• Plastobags
• Earthsoul India
• Truegreen
COST ESTIMATION
Plant Capacity 500 Kg/Day
Land & Building (300 sq.mt.) Rs. 8.00 Lacs
Plant & Machinery Rs. 20.55 Lacs
Working Capital for 1 Month Rs. 30.84 Lacs
Total Capital Investment Rs. 65.39 Lacs
Rate of Return 54%
Break Even Point 54%
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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