Bioplastics growth in Europe likely to be 'above average'

PRW

Published: January 2, 2014 2:55 pm ET
Updated: January 2, 2014 2:56 pm ET

Related to this story

Topics Sustainability, Materials, Materials Suppliers

The organization that represents Europe's bioplastics industry expects the global market for the material to see "above average" growth in the coming years.

Berlin-based European Bioplastics (EB), which represents 70 member companies spread across the European Union, said annual production capacity of bioplastics would rise from 1.4 million tonnes in 2012 to 6.2 million tonnes by 2017.

EB said that the strongest gains would be made in bio-based, non-biodegradable bioplastics area, notably bio-based versions of bulk plastics such as polyethylene and PET.

But the organization said capacity for biodegradable plastics would also grow by around 60 percent by 2017.

Among end-users, the packaging market was set to remain the leading segment for bioplastics applications, although EB said other areas such as consumer electronics, automotive and the fibre market were "gaining in strength".

François de Bie, EB's board chairman, said the development of bioplastics had the potential to create jobs across Europe.

He also called on the European Commission "to establish a level-playing field for the biobased industries in Europe and a clear cut policy framework for promising markets such as bioplastics," especially in the face of competition from South America and Asia.


Comments

Bioplastics growth in Europe likely to be 'above average'

PRW

Published: January 2, 2014 2:55 pm ET
Updated: January 2, 2014 2:56 pm ET

Post Your Comments


Back to story


More stories

Image

Recycling trade group growing in size, resources

February 27, 2015 4:50 pm ET

DALLAS — The executive director of the Association of Postconsumer Plastic Recyclers is partial to calling his group the little engine that...    More

Image

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Indian masterbatch makers growing locally and thinking globally

February 27, 2015 1:30 pm ET

GANDHINAGAR, INDIA — India’s masterbatch makers are expanding their domestic capacity to meet growing demand, as some are also moving...    More

Image

Silicone baby teether company working with Massachusetts recycler

February 26, 2015 1:14 pm ET

A recycling company and a startup will try to keep silicone baby products out of landfill.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events