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Biodegradable and Compostable Products – Essential Components for the Development of a Sustainable Bioeconomy

Author

Listed:
  • Gabriela-Iuliana Paraschiv (Ganea)

    (The Bucharest University of Economic Studies)

  • Elena Condrea

    ("Ovidius" University of Constanta)

  • Valentina Olteanu

    (Procter & Gamble)

Abstract

In this paper we aim to highlight the importance of developing the industry of biodegradable and compostable products - an essential component of a sustainable bioeconomy, in terms of reducing the impact of economic activities on the environment, as well as ensuring quality of life. Romania, a country member of the European Union, has adopted all European regulations in the field, whilst supporting the development of regulations, policies, strategies, support and financing designed to help investors in the market. In the first part of the paper, we will make a brief presentation of the current situation of the plastics industry and then present the main aspects of biodegradable and compostable products, for the theoretical understanding of the problems to be analyzed, as well as showcasing a clarification of the basic concepts and the links between them. In the last part, we will highlight the importance and benefits of the development of the market for biodegradable and compostable products (especially packaging), in the context of a sustainable bioeconomy, a renewable segment of the circular economy.

Suggested Citation

  • Gabriela-Iuliana Paraschiv (Ganea) & Elena Condrea & Valentina Olteanu, 2020. "Biodegradable and Compostable Products – Essential Components for the Development of a Sustainable Bioeconomy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 211-218, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:211-218
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    More about this item

    Keywords

    biodegradable; compostable; sustainable bioeconomy; circular economy;
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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