The Recent Movement and Problems in Business Development of Bioplastics: 1. Communication between Resin Suppliers and Processing Engineering Companies 2. Adaptation to Changes in Market Situation and Regulations

Abstract

It is important for bioplastics resin suppliers to sufficiently transfer technology and pro cess knowledge to converters and manufacturers in order to achieve the successful commercialization of bioplastics. By sharing the right knowledge, processing conditions, and unique characteristics of bi oplastics compared to petroleum-based plastics, the chances of successful commercialization can be improved. The management and control of key business-related factors such as the price of oil, fund management return on investment (ROI) to investors, and regulation and certification requirements are also important factors in bringing bioplastics to the market. In this review article, these issues are presented and discussed with relevant examples. Potential solutions to overcome these issues are also brought forth.