Panasonic Holdings has developed a new biodegradable plastic material that is strong enough for use in automotive interiors and home appliances, and can break down in seawater within two years. The material, which is made from plant fibers and resin from plant oils, is significantly stronger and more durable than current biodegradable plastics, which are typically used in thin products like bags and straws. The new material can be used in a wider range of applications, including cups, buttons, and other household items. Panasonic plans to market the material in two years and price it 1.5-2 times higher than conventional plastic. The global market for biodegradable plastics is expected to more than double from $7.38 billion in 2023 to $16.96 billion by 2030, driven by growing demand for sustainable alternatives to traditional plastics.
Panasonic revolutionizes sustainability with its remarkable bioplastic technology, certified to withstand high-impact use in automotive applications.
