News on the growing bioplastics market
by Redaktion (comments: 0)
The 8th European Bioplastics Conference took place in Berlin, Germany on 10 and 11 December 2013. More than 350 participants from 215 companies caught up on the latest discussions, developments and progress in the bioplastics industry. Once more, the leading European event for this industry provided excellent opportunities for networking, knowledge exchange and business contacts. More information on the conference is available here: http://en.european-bioplastics.org/
The bioplastics market is predicted to grow from around 1.4 million tonnes in 2012 to approximately 6.2 million tonnes in 2017. Even if considering these growth rates, the actual land used for sourcing renewable feedstock for bioplastics will amount only to approximately 0.02% of the global agricultural area. This is the conclusion of the latest market forecast which the industry association European Bioplastics publishes annually in cooperation with the Institute for Bioplastics and Biocomposites of the University of Applied Sciences and Arts Hannover in Germany.
By far the strongest gain is expected in the biobased, non-biodegradable bioplastics group. Biobased versions of bulk plastics like PE and PET in particular are significantly increasing capacities. Biodegradable plastics, which e.g. support biowaste collection and thereby increase waste stream efficiency, are also demonstrating impressive growth rates of around 60 percent by 2017. While packaging is still the leading market segment, other very different segments are gaining in strength, in particular consumer electronics, automotive, and the fibre market. More information as well as graphs are available from European Bioplastics.
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