Bioplastic market set to soar, but support needed

Published: October 11, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers, Sustainability

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

DuPont investing $100 million for more ethylene copolymer capacity

September 16, 2014 1:51 pm ET

Increased packaging demand is leading materials giant DuPont Co. to spend more than $100 million to increase capacity for ethylene copolymers at its...    More

Image

NY packaging company aims for zero waste

September 16, 2014 1:36 pm ET

Plastic folding carton maker Diamond Packaging is no longer sending any manufacturing waste to landfills.    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

Latvian plastics recycler Nordic Plast boosts capacity

September 16, 2014 10:15 am ET

Latvian plastics waste recycler Nordic Plast Ltd. has invested more than 2.5 million euros ($3.2 million) to expand capacity and modernize production ...    More

Image

US plastics machinery market still gaining strength in second quarter

September 15, 2014 5:01 pm ET

U.S. plastics machinery shipments in the second quarter continued to outperform activity in 2013, according to data from Society of the Plastics Indus...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

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

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

More Events