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Understanding the Purchasing Behavior of Consumers in Response to Sustainable Marketing Practices: An Empirical Analysis in the Food Domain
Article

Expanding Policy for Biodegradable Plastic Products and Market Dynamics of Bio-Based Plastics: Challenges and Opportunities

Faculty of Industrial Management, Universiti Malaysia Pahang, Gambang 26300, Malaysia
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Academic Editor: Elena Rada
Sustainability 2021, 13(11), 6170; https://doi.org/10.3390/su13116170
Received: 11 May 2021 / Revised: 25 May 2021 / Accepted: 25 May 2021 / Published: 30 May 2021
(This article belongs to the Section Environmental Sustainability and Applications)
Bio-plastics are rapidly growing in popularity, and many new techniques and approaches are emerging as a result of intensive research and development (R&D) activities. Many industries worldwide are installing their new production capability. Bio-plastics have attracted political leaders’ interest, especially in light of the evolving bio-economic orientation, through their use of renewable resources and their effects on sustainable growth. Related market determinants are defined, classified, and used as a base for their own estimates. The evolution of global production capacity is modeled annually for the timeframe up to 2030 by applying a system dynamics strategy. For a long-term forecast to catch the inherent volatility, various scenarios are identified and added to the model to represent different trends in the price of gross domestic product (GDP), oil, and bioplastic feedstock. Thus, our findings show the sensitivity in the macro-economic climate of the bioplastics sector. The simulations are completed by a debate on the regulatory environment and its future effect on industry development at the European level. The findings show considerable potential for development but are vulnerable to political and economic impacts. View Full-Text
Keywords: bio-plastics; plastic policies; biodegradable plastics; regulatory environment bio-economy bio-plastics; plastic policies; biodegradable plastics; regulatory environment bio-economy
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MDPI and ACS Style

Moshood, T.D.; Nawanir, G.; Mahmud, F.; Mohamad, F.; Ahmad, M.H.; Abdul Ghani, A. Expanding Policy for Biodegradable Plastic Products and Market Dynamics of Bio-Based Plastics: Challenges and Opportunities. Sustainability 2021, 13, 6170. https://doi.org/10.3390/su13116170

AMA Style

Moshood TD, Nawanir G, Mahmud F, Mohamad F, Ahmad MH, Abdul Ghani A. Expanding Policy for Biodegradable Plastic Products and Market Dynamics of Bio-Based Plastics: Challenges and Opportunities. Sustainability. 2021; 13(11):6170. https://doi.org/10.3390/su13116170

Chicago/Turabian Style

Moshood, Taofeeq D., Gusman Nawanir, Fatimah Mahmud, Fazeeda Mohamad, Mohd H. Ahmad, and Airin Abdul Ghani. 2021. "Expanding Policy for Biodegradable Plastic Products and Market Dynamics of Bio-Based Plastics: Challenges and Opportunities" Sustainability 13, no. 11: 6170. https://doi.org/10.3390/su13116170

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