10 New Plastic Firms Boosting Sustainability in 2024

The plastic industry, which has long been criticized for its environmental impact, is starting to make positive changes. New companies are using cutting-edge technologies to tackle big issues. They’re developing low-carbon bioplastics to cut down on greenhouse gases, using nanotechnology to make plastics better, and working on biocompatible polymers for safer medical use. Some are even improving how recycled plastics are tracked to boost transparency and efficiency.

Keep reading to get more data-driven insights on:

Discover 10 out of 9.8K+ Emerging Plastic Companies

In this section, we highlight 10 new companies in the plastic industry that are all about finding sustainable solutions and improving material science. These companies are working on creating bioplastics from renewable resources to cut down on fossil fuel use. They’re also making biodegradable polymers that break down effectively after use. Some are turning plastic waste into clean energy, helping to build a circular economy. Plus, they’re using advanced techniques to make plastic manufacturing faster and more energy-efficient. To learn more about these creative fixes, continue reading!

Note on Signal Strength

We also feature a unique metric called Signal Strength for each company. This special data point, created by our Discovery Platform, measures how much influence a company has in the global startup and scaleup scene. It’s a useful tool to understand how a company is positioned in the broader market.

1. PlasticsLoop

• Founding Year: 2021
• Employee Range: 2-10
• Location: Singapore
• Signal Strength: Medium
• What they do: PlasticsLoop creates NEWPlastic, a food-grade recycled plastic that’s great for circular packaging. They use mechanical recycling to turn PET plastic into high-quality, sustainable materials perfect for making bottles and preforms. This helps meet packaging needs across different industries. By focusing on circular economy models, PlasticsLoop provides eco-friendly solutions that cut down on the use of new resources and help reduce waste.

2. PHAsT

• Founding Year: 2023
• Employee Range: 2-10
• Location: UK
• Signal Strength: Weak
• What they do: PHAsT makes biodegradable polyhydroxyalkanoates (PHAs) that are pure enough for medical use. Their special technology creates materials with adjustable properties, so they can be flexible or stiff and break down over different time periods. Made from renewable sources through bacterial fermentation, PHAsT’s biopolymers are eco-friendly and offer various disposal options, cutting down carbon emissions compared to regular plastics. They provide biodegradable and biocompatible materials for the healthcare and biomedical industries.

3. ImproMat

• Founding Year: 2020
• Employee Range: 2-10
• Location: Switzerland
• Signal Strength: Weak
• What they do: ImproMat uses nanotechnology to improve plastic materials. They create custom compounds and masterbatches by adding special features like antiviral and antibacterial agents, as well as invisible markers, to plastics. Their innovations help make plastic products safer and more hygienic by preventing contamination. They also use graphene to boost the durability and performance of their materials. On top of that, ImproMat is committed to eco-friendly solutions, incorporating bio-based additives and recycling options. Their products are great for manufacturers looking to improve safety, performance, and sustainability.

4. Circular.co

• Founding Year: 2021
• Employee Range: 11-50
• Location: USA
• Signal Strength: Strong
• What they do: Circular.co has created a platform that makes the recycled plastic supply chain easier for everyone involved. Their platform helps buyers, sellers, and shippers manage recycled plastics more efficiently. It streamlines the process of buying, selling, and shipping these materials, offering tools to handle risks and simplify deals. With Circular.co, you can quickly source, test, and develop recycled plastics, matching proposals with detailed technical data and ensuring secure online transactions. They also handle risk management, support custom blends and compounding, and ensure quality through QA testing and technical data analysis. This makes Circular.co a great resource for anyone in the plastic recycling industry looking to improve their operations and manage post-consumer recycled materials better.

5. SUSPOL

• Founding Year: 2022
• Employee Range: 2-10
• Location: Spain
• Signal Strength: Strong
• What they do: SUSPOL is all about creating eco-friendly plastics using ingredients like lactide, biomass, and limonene. They incorporate polyhydroxybutyrate (PHB) to make these plastics biodegradable. Their special technology involves recycling these materials through polymerization and depolymerization cycles with a unique catalyst, keeping the properties similar to new plastics. SUSPOL provides low molecular weight bioplastics like polylactic acid (PLA) and other PHAs. These are used as additives in other bioplastics or for applications like food packaging, cosmetics, fashion packaging, and even 3D printing. Their chemical recycling process is energy-efficient, making it a great option for industries aiming for carbon neutrality and zero waste.

Also Read: 19 Top Ways to Cut Plastic Waste at Home in 2024

6. Kumbha Energy

• Founding Year: 2022
• Employee Range: 2-10
• Location: USA
• Signal Strength: Medium
• What they do: Kumbha Energy has developed the Kumbha Plant, a cool solution for turning plastic waste into useful products like synthetic oils, biofuels, or even electricity. They use techniques such as pyrolysis and their own Kumbha Zero technology to make this process completely emissions-free. Their Kumbha Network, powered by the Kumbha 3.0 Platform, uses blockchain technology to track and manage plastic waste more efficiently, helping to create a global circular economy.

7. Biopolymers Trade

• Founding Year: 2022
• Employee Range: 2-10
• Location: Slovakia
• Signal Strength: Weak
• What they do: Biopolymers Trade creates NonOilen, a green alternative to traditional plastics. This biodegradable product is made from renewable resources like biomass and doesn’t contain any petroleum. It works well with current production methods and is fully compostable, breaking down without leaving behind microplastics. NonOilen is great for use in packaging, personal care products, and more, offering a sustainable option without sacrificing quality.

8. PlantSea

• Founding Year: 2020
• Employee Range: 11-50
• Location: UK
• Signal Strength: Very Strong
• What they do: PlantSea focuses on creating bioplastics to cut down on the environmental impact of traditional petroleum-based plastics. They use seaweed to make biodegradable products that are both water-soluble and water-resistant. Their technology taps into natural resources and supports seaweed farming, which helps capture carbon and grow sustainable raw materials. PlantSea’s bioplastics contribute to a circular economy by integrating organic waste and enriching the soil.

9. Plustechfy

• Founding Year: 2023
• Location: Azerbaijan
• Signal Strength: Weak
• What they do: Plustechfy has developed the Filament Machine, a device that melts plastics at specific temperatures and pressures to shape them for different molds. They also produce recycled filaments for 3D printers by turning polypropylene (PP) plastic waste into usable filament. By adding chemical additives, they ensure the recycled filament performs like new materials. This helps the plastic industry by offering sustainable 3D printing and manufacturing options, promoting environmental responsibility and material reuse. Their solutions are great for businesses looking for eco-friendly filament choices.

10. Sorted

• Founding Year: 2022
• Employee Range: 2-10
• Location: UK
• Signal Strength: Very Strong
• What they do: Sorted uses AI to tackle the global plastic waste problem by improving how recyclable materials are sorted. Their technology accurately identifies and categorizes plastics by type and use, which helps reduce the amount of recyclable materials that end up in landfills or incinerators. Waste management companies benefit from Sorted’s solutions by boosting recycling efficiency and supporting sustainability efforts.

Quick Tip to Find New Plastic Companies

Using a SaaS platform like the Discovery Platform to find new plastic companies has major advantages over old-school methods:

• Streamlined Efficiency: The Discovery Platform simplifies the scouting process with advanced tools. Instead of spending hours on manual research, it saves you time and effort by quickly identifying the latest innovations in the plastic industry.
• Access to Real-time Insights: Stay ahead with up-to-date information on industry trends. The platform provides near real-time updates on new companies and news, helping you make quick and informed decisions.
• Precise Scouting: Tailor your search to specific areas within the plastic sector, like bioplastics, property-enhancing solutions, or advanced recycling technologies. With its detailed filtering options, you can zero in on the most relevant and exciting companies in the field.

Ready to Explore All Plastic Companies?

We’ve taken a close look at the ever-changing plastic industry, highlighting the newest trends and showcasing some amazing companies leading the way in innovation. To learn more, download our free Plastic Recycling Report or book a demo of the Discovery Platform to see these exciting developments up close.