When it comes to the cost of biodegradable packaging, there are a few factors to consider. First, it is important to note that the cost of biodegradable packaging can vary depending on the type of material used.
For example, packaging made from plant-based materials such as corn starch or bamboo is generally less expensive than packaging made from more complex materials such as cellulose or polylactic acid (PLA).
Second, it is also worth noting that the cost of biodegradable packaging can depend on the manufacturing process. For example, packaging made through injection molding, which is a common method of manufacturing plastic products, may be more expensive than packaging made through simpler methods such as vacuum forming.
Finally, it is worth noting that biodegradable packaging may be more expensive than traditional plastic packaging. The cost of traditional plastic packaging is usually lower because it is made from cheap and widely available materials, such as polyethylene. The cost of biodegradable packaging, on the other hand, can be higher because it is made from more expensive and often harder to find materials.
However, it is important to also consider the long-term benefits of biodegradable packaging, such as reduced environmental impact, and the potential cost savings from reduced waste management. It’s also worth noting that the cost of biodegradable packaging is decreasing as the demand for it increases and the technology for producing it improves.
As of January 2023, biodegradable packaging is on average about 44% more expensive than traditional plastic packaging. The average cost for a single-use plastic cup is around $0.09, whereas biodegradable cups are around $0.13 each. Considering businesses will be slapped with a hefty fine if they are caught using plastic cups and packaging, the 44% increase isn’t actually that much in comparison. Plus, businesses will be doing the environment a favour by making the switch.
In the near future, it will cost even less to buy biodegradables because of advancements in technology. Until then, it is still reasonably cheap to make the switch to biodegradable.
In summary, the cost of biodegradable packaging can vary depending on the type of material used, the manufacturing process, and the scale of production. While it may be more expensive than traditional plastic packaging in the short term, the long-term benefits and cost savings from reduced waste management may make it a more cost-effective choice in the long run.