Corn-Based Bioplastics Poised to Drive Demand and Sustainability
The corn industry is poised for growth as it explores new markets beyond traditional uses such as food and ethanol production. According to recent research, replacing petroleum in just 10% of the world's plastics market with corn-based feedstocks could create a demand of 6.6 billion bushels every year.
Currently, there is extra supply of corn due to record exports this marketing year and advancements in genetics and technology. Corn growers need new markets to tap into, and bioplastics present an exciting opportunity for them. Manufacturers are working towards more renewable and non-fossilized alternatives, which has already led to a shift in the industry.
Corn-based inputs have huge potential in biomanufacturing, where traditional chemicals and materials produced from fossil sources can be replaced with plant-based feedstocks. The global plastics market is a significant sector for corn to tap into, as it represents a world of potential for sustainable materials.
Farmers are recognizing the demand for sustainable products that help the environment. For example, Tyler Oliver from Virginia said, 'Bioplastics are not only a sustainable choice for the environment but also create an additional market for the American farmer to grow corn for a sustainable future.'