Investors are increasingly betting on shrub-based bioplastics as a promising alternative to traditional plastic. Shrub-based bioplastics are an effective source of sustainable biomass, as shrubs can be quickly grown and harvested, making them an appealing alternative for companies looking to reduce their environmental impact. The potential impact of shrub-based bioplastics is enormous, as they can be grown and harvested on a much larger scale, reducing the need for petrochemical-based plastics. The market for sustainable bioplastics is predicted to triple to $35 billion by 2022, and several major investors, such as Bill Gates and BP, are backing plant-based bioplastics, including shrub-based bioplastics.
Investors Betting Big on Shrub-Based Bioplastics
As the world becomes increasingly aware of the harm caused by plastic waste and the urgency to move towards sustainable solutions, plant-based bioplastics have emerged as a promising alternative to traditional plastic.
With a growing number of companies exploring the potential of bioplastics, the market for sustainable substitutes is predicted to triple to $35 billion by 2022. As awareness of the problem grows, so too does the investment – and the latest plant-based plastic to attract investors is shrub-based bioplastics.
The Rise of Shrub-Based Bioplastics
Shrubs, which include willow, poplar, and eucalyptus, are being increasingly used to create sustainable, biodegradable materials. This is because they can be quickly grown and harvested, compared to traditional “biological” plastics, such as corn-based PLA, which require a lot of land, water and energy to produce.
The potential of shrub-based bioplastics is enormous, because they can be grown and harvested on a much larger scale, which could greatly reduce the need for harmful petrochemical-based plastics. Furthermore, there are many types of shrubs, meaning a diverse range of products from packaging to electronic components can be developed.
Companies such as Willow Cup, Earthly, and Sustane are currently making significant strides towards promoting plantation shrub and other plant-based bioplastics.
Investment in Shrub-Based Bioplastics
Shrub-based bioplastics have been gaining significant interest in recent years, particularly among investors seeking to support sustainable business practices. Several major investors have already backed plant-based bioplastics, such as Bill Gates and BP, and they are now investing in shrub-based bioplastics as well.
In September 2021, U.S.-based Mercurius Biorefining closed a $6.2 million funding round to develop plant-based bioplastics, including those sourced from trees and shrubs. The investment comes from a variety of sources, including family offices and venture capital funds, signaling growing support for sustainable, eco-friendly alternatives to traditional plastic.
Another company that is betting big on shrub-based bioplastics is LanzaTech, which has partnerships with companies such as Virgin Atlantic and All Nippon Airways to develop sustainable aviation fuel and low-carbon chemicals from recycled carbon emissions. The company recently made headlines by partnering with India’s Department of Biotechnology to develop sustainable aviation fuel and green chemicals from forestry waste, including shrubs, as part of a $30 million joint venture.
Future Prospects for Shrub-Based Bioplastics
The rise of shrub-based bioplastics represents a significant shift in the way we think about and produce plastics. They offer a range of advantages over traditional, petrochemical-based plastics, including being biodegradable, renewable, and more sustainable, using fewer resources to produce.
As public awareness and concern over plastic pollution increases, the market for plant-based bioplastics shows no sign of slowing down. The global bioplastics market is expected to grow at a CAGR of 15% between 2021-2026, with recognition of the importance of sustainable practices becoming more widespread.
Companies and investors betting big on shrub-based bioplastics recognize the potential impact these materials can have. As the use of plant-based bioplastics becomes more widespread, they have the potential to transform the packaging and other industries, creating more sustainable, eco-friendly alternatives that benefit the environment and people alike.
How are shrub-based bioplastics created?
Shrub-based bioplastics are created by harvesting shrubs, which can be quickly grown and harvested, making them an effective source of sustainable biomass for creating bioplastics. The biomass is then converted into plastic through various processes, including fermentation, pyrolysis, and chemical synthesis.
What are the benefits of shrub-based bioplastics over traditional plastic?
Shrub-based bioplastics offer a range of benefits over traditional, petrochemical-based plastics, including being biodegradable, renewable, and more sustainable, using fewer resources to produce. They can also be grown and harvested on a much larger scale than traditional “biological” plastics, making them an appealing alternative for companies looking to reduce their environmental impact.
What is the future of shrub-based bioplastics?
The future of shrub-based bioplastics looks bright, as more companies and investors recognize the potential impact these materials can have. As the use of plant-based bioplastics becomes more widespread, they have the potential to transform the packaging and other industries, creating more sustainable, eco-friendly alternatives that benefit the environment and people alike.