The plastics industry, like many others, continues to rely heavily on fossil resources for producing synthetic polymers and chemicals. However, the dwindling availability of these resources, combined with environmental issues such as global warming and pollution, poses significant challenges to its future sustainability.
Henry Ford recognized the importance of a bioeconomy as early as the 20th century, advocating for its necessity in societal progress. However, the economic advantage of inexpensive petroleum at that time delayed its implementation. Now, with the competitive edge of fossil fuels diminishing, concerns over their environmental and economic impacts are driving the demand for sustainable alternatives.
In response, efforts are being made globally to reduce reliance on harmful materials and prioritize the development of renewable resources. For example, the European Union has implemented legislation and allocated funding to support the transition towards renewable, eco-friendly materials, reflecting a growing commitment to sustainability.