Cost of biodegradable or compostable plastic, cheaper than plastic

The Cost of Transitioning from Plastic to Biodegradable Alternatives: What You Need to Know

The cost of transitioning to biodegradable alternatives is one of the primary concerns for businesses. However, when considering long-term benefits, adopting compostable biopolymers can be a cost-effective choice.

Initial Costs vs. Long-Term Savings:

  • Biodegradable alternatives like compostable cutlery may have a higher upfront cost than traditional plastics. However, businesses can recoup these costs through enhanced brand value and consumer loyalty.
  • Reducing plastic waste can result in lower waste disposal costs and fewer penalties related to waste regulations.

Government Regulations & Penalties:

  • In the European Union, countries like France and Italy have implemented plastic bans, resulting in businesses needing to switch to compostable products. Non-compliance can result in fines up to EUR100,000 for large businesses.

Consumer Willingness to Pay More:

  • As per a 2024 global survey, 80 percent of consumers are willing to pay more for sustainable products, and are willing to pay an average of 9.7 percent more for goods that meet specific environmental criteria.

By incorporating Greenomers compostable biopolymers into their supply chain, businesses can not only stay compliant with regulations but also reduce long-term costs and increase profitability.

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