Plastic resins encompass a wide variety of plastic raw materials used to make useful everyday products that surround our lives providing utility and convenience at an affordable cost and plastic resins experts can assist in many ways. The primary plastic resins include commodity polymers, polystyrene, polypropylene, and polyethylene which find use in foodservice, packaging, films, and molded household consumer goods. An emerging alternative to traditional petrochemical-based plastic resins is biobased plastic resins. There is a bioplastic alternative for almost every conventional plastic resin and corresponding application, offering the additional advantages of a reduced carbon footprint and recycling and composting options. The $1.2 trillion plastic resin market represents an evolving opportunity as society works to find solutions to the plastic waste issues now in the global consciousness. 121 billion lbs. of plastic resins were produced in the US in 2019.
Plastic resins market studies are valuable to anyone seeking to understand the overall market size and direction, and supply options whether they are conventional petrochemical or biobased. Petrochemical companies, plastic and rubber compounders, US distributors, and export traders of plastic resins can use a good market study to choose the best markets, track supply chain and market dynamics, and keep tabs on alternative bio-based polymers.
A plastic resins market study should review all programs for sources of plastic resins including biobased sources. These studies should highlight the supply chain and the petrochemical companies that can supply suitable plastic resins as well as bio-based options for a brand owner’s application. Expert companies that provide these plastic resin studies should also have the technical and regulatory expertise to highlight specifications required to meet different applications. Finally, a plastic resins market study should allow petrochemical companies, plastic product manufacturers, plastics and rubber compounders, and traders of plastic resins to plan for developments in the market and develop a path forward as the plastic resin market changes. A thorough study will identify sources of supply, the competitive landscape, and market outlets for fossil fuel and biobased plastic resins in the context of the latest industry developments.
Plastic resins experts help plastic processors and brand owners select and source suitable resins for their applications. The choices can range from virgin, off-grade, recycled, post-consumer, and bio-based resins. The type and specifications of the plastic resins used will determine in many cases the final properties of the plastic article produced. With changing consumer attitudes towards recycling and plastic waste in the environment, brand owners are more conscious of the resin choices they make in production, packaging, and marketing their products. Bioplastics represent less than 0.5% of the global plastics market.
Large renewable energy and biochemical consulting firms like Lee Enterprises Consulting normally offer a wide range of services in biofuels, biochemicals, biotechnologies, biomaterials, synthetic biology commercialization, and feedstocks. These groups will likely also have experts in specialized areas like activated sludge, agbiotech, animal nutrition, biopharmaceuticals, cannabis, carbon capture, cell-based meats, energy markets, greenhouse gas, methane expert, plastics, polyethylene, polymers, polyurethane, renewable hydrogen, project finance, waste management, emerging renewable technologies, forestry biomass, green diesel, jet fuels, low carbon fuel standards, marine biofuels, MSW, renewable jet fuel, renewable natural gas, aviation fuel, syngas, synthetic biology, advanced biofuels, activated carbon, anaerobic biogas, bio-based chemicals, biocatalysis, biomass technologies, biopharmaceuticals, Fischer Tropsch, gasification, and renewable diesel.
With over 150 consultants worldwide, Lee Enterprises Consulting has the diverse experts and geographical reach to collect, process, and distill insightful market studies in biochemicals. Our highly qualified teams bring a unique integration of technical, scientific, regulatory, and legal insight within the framework of a market study. Look at our experts and the services we provide. Most of our experts are also available to advise and serve as expert witnesses in bioeconomy litigation matters. For the larger projects, we specialize in putting together full-service, interdisciplinary teams with one point of contact. See a video about LEC here. Call us at 1+ (501) 833-8511 or email us for more information.