Bioplastic market set to soar, but support needed

Published: October 11, 2012 6:00 am ET

Related to this story

Topics Materials Suppliers Sustainability
Companies & Associations

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

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events