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Bioplastics production to rise by 400% by 2018

 

European Bioplastics´ annual market data has predicted sharp production capacity rises in the next four years for bioplastics with the figure set to rise to approximately 6.7 million tonnes by 2018.

The results presented this week at the 9th European Bioplastics Conference in Brussels, anticipate capacity rising from its 2013 rate of around 1.6 million tonnes.

The study was compiled in cooperation with scientific partners the Institute for Bioplastics and Biocomposites in Hannover, Germany and the nova-Institute in Hürth.

Biobased, non-biodegradable plastics, such as biobased PE and biobased PET, are gaining the most ground, while renewable and compostable plastics produced locally are likely to benefit from the new EU directive on the reduction of shopping bags.

The study found that Asia will expand its role as major production hub. Most of the currently planned projects are being implemented in Thailand, India and China. In comparison, Europe will be left with around 8% of production capacities.

Source: Global BioBusiness