Bioplastic market set to soar, but support needed

Published: October 11, 2012 6:00 am ET

Related to this story

Topics Sustainability, Materials, Suppliers

BERLIN (Oct. 11, 1 p.m. ET) — The global market for bioplastics is expected to grow way beyond earlier forecasts as advances in production technologies render previous predictions “obsolete.”

Berlin-based European Bioplastics, an industry association, said in its annual report that the current volume figure of 1.2 million metric tons is likely to grow fivefold between now and 2016.

Bio-based PET is likely to be a big contributor to this figure, with capacity expected to grow 10 times during the next four years.

However, policy makers were urged to back words of support for the sector with “concrete measures,” lest production drifts to emerging markets.

Driving the capacity increase will be the bio-based, non-biodegradable bioplastics group, the association’s report said, “especially the so-called ‘drop-in’ solutions,” such as biobased versions of polyethylene and PET.

“Leading the field is partially biobased PET, which is already accounting for approximately 40 percent of the global bioplastics production capacity. Partially biobased PET will continue to extend this lead to more than 4.6 million metric tons by 2016.”

European Bioplastics said this would correspond to 80 percent of the total bioplastics production capacity. Following PET is biobased PE at 250,000 metric tons, constituting more than 4 percent of the total production capacity, the organization said.

Hasso von Pogrell, managing director of European Bioplastics, said: “The enormous growth makes allowance for the constantly increasing demand for sustainable solutions in the plastics market.

“Eventually, bioplastics have achieved an established position in numerous application areas, from the packaging market to the electronics sector and the automotive industry.”

European Bioplastics warned of what it called a “disturbing trend”: the geographic distribution of production capacities away from Europe and towards South America and Asia.

Andy Sweetman, the trade association’s chairman, said: “European Bioplastics invites European policy makers to convert their declared interest into concrete measures.

“We are seeing many general supportive statements at EU level and in the member states. There is, however, a lack of concrete measures.

“If Europe wants to profit from growth at all levels of the value chain in our industry, it is high time the corresponding decisions are made.”


Comments

Bioplastic market set to soar, but support needed

Published: October 11, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events