The rising temperatures and decreasing sea ice numbers now provide irrefutable evidence of global warming. Seven of the hottest decades on record have occurred in the past decade.
The Arctic sea ice area has hit a historic low in recent years. Therefore, consumers and producers have expressed the need to accelerate the transition towards a greener global economy.
The greater demand for sustainable systems and increasing sensitivity to carbon footprints are driving consumers and manufacturers to shift from fossil fuel based components towards sustainable solutions. All industries are undergoing the same overall transformation.
Biobased materials have the advantages of green environmental protection, renewable raw materials, energy conservation and emission reduction, and they are also biodegradable, which will not cause damage to the environment. Compared to traditional petroleum based products, bio based products can play a good role in environmental protection.
According to the IKEA Climate Action Research Report, nearly 90% of people say they are willing to change their behavior to help address climate change. Consumers' demand for more environmentally friendly products will drive manufacturers to adopt more environmentally friendly ingredients.
With the improvement of economic development level and the growth of consumption trends such as health, safety, and environmental protection, the application of bio based materials is receiving increasing attention.
Biobased materials have achieved significant development as renewable and environmentally friendly alternatives to traditional engineering materials such as heavy metals and carbon fibers. Due to their environmentally friendly and novel functionalities, bio based materials have been widely used in medical, engineering, transportation, consumer goods, and other fields, presenting a vast market and prospect in related industries. Therefore, the potential development prospects of the future market are extremely attractive.
