Researchers have made a significant breakthrough in bioplastics by genetically engineering microbes to produce a strong, flexible plastic similar to nylon. This achievement could help address the global plastic waste crisis, which produces around 400 million tonnes of non-degradable plastic waste each year. The bioplastic, called poly(ester amide), or PEA, has physical, thermal, and mechanical properties comparable to those of polyethylene, one of the most widely used commercial plastics.
Forecast for 6 months: Expect increased investment in bioplastic research and development, with several companies and institutions announcing plans to scale up production of bioplastics. Governments may also start to implement policies to encourage the use of bioplastics in packaging and other applications.
Forecast for 1 year: Bioplastics are expected to become more widely available and affordable, with several major brands announcing plans to switch to bioplastics for their packaging. The global market for bioplastics is expected to grow significantly, with estimates suggesting a 20% increase in demand.
Forecast for 5 years: Bioplastics are expected to become a major player in the global plastics market, with a significant reduction in the use of petroleum-based plastics. Governments may implement stricter regulations on the use of non-biodegradable plastics, and bioplastics may become the default choice for packaging and other applications.
Forecast for 10 years: Bioplastics are expected to have replaced most petroleum-based plastics, with a significant reduction in plastic waste and pollution. The global market for bioplastics is expected to be worth trillions of dollars, and bioplastics may have become a major driver of economic growth in many countries.
