HI-TECH GROUP TARGETS FROZEN FOOD SECTOR WITH ITS DR BIO POLYMER
Indian packaging company, Hi-Tech Group, is targeting the frozen food market with its biopolymer, which is said to completely biodegrade within months.
The firm, based in Gurugram, in India’s northern state of Haryana, recently began selling the plant-based polymer, which is produced at a factory in the state of Punjab, also in the north of India.
Marketed under the brand name Dr Bio, the 100% compostable corn-based polymer was launched in export markets last year and in the company’s home market in June. It is said to take between three and six months to completely degrade in a landfill site
In an interview with Indian media, Hi-Tech Group’s director of business development, Mukul Sareen, who is pictured above, said the company conceived the bio-polymer five years ago amid increasing discussion about the environment. Three years later, the first prototypes were produced.
“The world is very serious about the environment and sustainability. Towards this, we wanted to create polymers that would create different products,” he was quoted as saying.
Hi-Tech Group’s bio-polymer can be used to create multiple types of product, including bottles, containers, film and shopping bags.
Hi-Tech Group, which has manufacturing sites in several countries, is particularly focusing on companies in the frozen foods sector as well as e-commerce as it markets Dr Bio in 45 countries.
According to reports, the bio-polymer market in the Asia-Pacific region is set to double in size over the next five years, with a forecast value of $6.3 billion in 2026. India itself is expected to account for slightly more than 10% of this.
India has several major bio-polymer manufacturers, although Europe is the major player in the sector globally, followed by China.
In another initiative linked to sustainability, Sial Paris Newsroom recently reported that seaweed could become the starting point for biodegradable bottles.