TOKYO (The Japan News/ANN) – Companies from different industries have begun to view the trend as a new business opportunity and are making inroads into the burgeoning market.
The nation’s leading paper manufacturer, Oji Holdings Corp, will start producing food packaging made of paper at the end of January. The product’s surface will be coated with special chemicals to prevent oxygen and liquid from seeping in and keep the food fresh.
Nippon Paper Industries Co is also gearing up to produce water-resistant paper straws. The paper industry hopes that the movement to replace plastic will bring new demand and help offset sliding demand for paper.
Meanwhile, material makers that produce plastic products have begun to focus on biodegradable plastic. Mitsubishi Chemical Corp began selling biodegradable plastic for cups in October and is currently developing straws and other products made from the material. Also in October, Toyobo Co began producing biodegradable resins on commission from US chemical giant DuPont.
Biodegradable plastic costs several times more than regular plastic to produce. According to a European industry group, biodegradable plastic comprises less than one per cent of all plastic produced, but the figure is projected to increase by more than 20 per cent in the next five years.
Companies outside the paper and plastic industries are also entering the market for plastic alternatives. Last year, Itochu Corp and Toppan Printing Co entered capital and business tie-ups with TBM Co, a start-up that developed a new recyclable material made from limestone called LIMEX.
TBM has patented the material in more than 30 countries, including Japan, the United States and China. LIMEX products have already been used in leading hotel chains. Itochu and other TBM partners are working to expand the material’s applications and sales networks.
The government, meanwhile, is aiming to support the development of plastic alternatives. It will launch a public-private council to promote their development and spread, with more than 80 companies from various industries expected to participate, including Kao Corp, Ajinomoto Co and Suntory Holdings Ltd.
The movement to reduce plastic waste is gathering momentum worldwide. McDonald’s and Starbucks, both global restaurant chain operators, as well as Skylark Holdings Co and others in Japan have announced they will stop using plastic straws.