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Author:gly    Date: 2024-09-30    

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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Zeal's material partner in the project is Truegrasses, a Taiwanese company that got their start in 2013 making a durable, moldable textile for home goods (think pans, cups, plates) made out of fibrous agricultural waste from Taiwan and recycled PET from China. Fibers from the stalks of the waste are mixed with the melted-down plastic, then molded and ground into pellets ready for injection molding.

In 2023, the Polylactic Acid (PLA) segment dominated in the biodegradable medical plastics market, holding a share of around 45%. Such high dominance is mainly due to the fact that it finds very extensive usage because of the desirable properties of high strength and biocompatibility, quite ideal in medical applications such as surgical implants and drug delivery systems. For instance, NatureWorks LLC, one of the major PLA producers, announced a considerable increase in PLA production to satisfy the growing demand for PLA-based medical products, thus underlining the paramount place of the segment in the market. Besides, PLA has greater cost efficiency and processability compared to other types of biodegradable plastics, such as PHA and PCL, which enables it to be considered the leading force in the market.

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The main companies involved in the biodegradable medical plastics market are BASF, NatureWorks LLC, and Total Corbion PLA. In particular, during August 2022, BASF signed a memorandum of understanding with one of the largest healthcare providers for the development of innovative medical packaging made of biodegradable plastics that further ensures sustainability for the healthcare industry. In January 2024, Total Corbion PLA announces an expansion in PLA manufacturing capacity owing to swelling demand featuring an eco-friendly nature for medical devices and packaging. These strategic moves reflect the direction of the industry in terms of sustainability, as the companies are indeed investing much in research and development to enhance performance and ecological services associated with biodegradable materials.

In 2023, the North American region dominated the market for biodegradable medical plastics, with a huge market share of about 40%. This is majorly because of the massive advanced healthcare infrastructure in the region and their strict environmental regulations. For example, in March 2024, several new biodegradable plastic products for medical use were approved by the U.S. Food and Drug Administration, indicating the region's effort to practice sustainable healthcare solutions to serve its citizens. Moreover, companies like NatureWorks LLC have moderately sized manufacturing plants located within North America that work toward strengthening the great status the region holds in the market.

“According to SNS Insider, The Biodegradable Medical Plastics Market Size was valued at USD 1.7 billion in 2023 and is expected to reach USD 4.5 billion by 2032 and grow at a CAGR of 11.5% over the forecast period 2024-2032.”

Increasing investments are also being portrayed by both government and private sectors in the market. For example, in September 2023, the Australian government announced a significant grant toward researching medical biodegradable plastics-a sign of underpinning commitment to sustainable health solutions. This financial backing is likely to accelerate the development and adoption of biodegradable plastics in the medical area.

Biodegradable medical plastics is a high-growth market owing to growing environmental awareness and the eventual placing of stringent regulations on conventional plastics. Considering the growing need of health-care systems to have a reduced ecological footprint, biodegradable medical plastics would certainly facilitate natural decomposition and result in lesser landfills of waste products. In the last few years, significant strides have been achieved in this field. An example is the innovation announced in March 2023 when scientists produced a bio-based plastic completely biodegradable and without harmful microplastics (ABC News). This will alter medical packaging and disposable medical devices because this product offers an environmentally friendly substitute to conventional plastics.

The biodegradable medical plastics market is witnessing strong growth due to regulatory pressures and material science development. Greater awareness of environmental issues and much closer control of traditional plastics will be the driver for replacement with sustainable solutions. This new development has considerably enhanced the performance and suitability of biodegradable plastics for a wide range of medical applications, making them a very viable alternative to conventional materials. Sustainability being the key issue to healthcare providers and manufacturers, continuous development of new applications and high-performance products will lead to growth in this market. Biodegradable plastics are assured of great prospects with increasing environmental friendliness in health care.

Lewis hopes that this broader approach to sourcing and using sustainable waste-based materials continues to expand the conversation in the outdoor business. "Is this the be all, end all? No, but it’s great to see these brands push boundaries and get people to think about the multitude use of materials."

“We’ve done a ton of a R&D and the durability is every bit as good as regular plastic or our glass material made from castor oil,” says Zeal’s Director of Marketing Mike Lewis. “We’ve seen zero breakdown.” (Zeal sent out early models to a number of its own ambassadors for testing in a variety of environments.)

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A lot of outdoor companies get lost in the race to be the “most sustainable” or using “X number” of recycled bottles or pounds of plastic in a given item.

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Because of the nature of production, every pair will look slightly different. And for now, the material can only be produced in limited colors and matte finishes.

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The trend in the biodegradable medical plastics market is for even more advanced technologies in materials to be integrated along with friendlier ecological practices. Companies are now interested in developing high-performance, biodegradable plastics with superior mechanical properties and speedy degradation rates so that tight healthcare requirements could be satisfied. Such innovations in composite materials provide durability and functionality improvements in medical devices and packaging. Also, the push toward a circular economy is pressuring plastics that are biodegradable and can easily enter recycle streams or compost heaps to align with global sustainability goals. The trend is consistent with broader movement across the healthcare industry to be more sustainable and environmentally accountable.

Truegrasses’ factory itself is powered by biogas sourced from methane extraction from a nearby landfill. In an effort to close the loop of the use cycle, Zeal will collect worn out glasses at their Boulder store and from select retailers and send them back to Taiwan for full recycling into more usable material. Carbon footprint aside, it's a pretty sound cycle.

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Over at Zeal Optics, the Colorado-based eyewear brand is making an even more interesting transition towards sustainable manufacturing while also tackling agricultural waste issues. The new See Grass Collection shows how, offering two unisex styles made of a unique material composed of straw, hemp, and flax waste mixed with recycled plastic.

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