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 Materials, Sustainability, 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

Coca-Cola closing its recycling division

October 30, 2014 3:50 pm ET

Beverage giant says it wants to work with suppliers    More

Image

PP prices rise, solid PS, PET drop

October 30, 2014 1:15 pm ET

North American polypropylene resin prices surged again in October, while regional prices for solid polystyrene and PET bottle resin continued their...    More

Image

Italian compounder opening first US plant

October 30, 2014 9:45 am ET

The song of the South has led Italian compounder So.F.Ter Group to open its first plant in the United States in Lebanon, Tenn.    More

Image

Ineos closing Barex plant, exiting business

October 29, 2014 3:58 pm ET

Materials maker Ineos Group is closing its only global Barex-brand polyacrylonitrile (PAN) resin plant in Lima, Ohio. Ineos – based in Rolle,...    More

Image

DSM picks Augusta, Ga., for nylon plant

October 29, 2014 11:49 am ET

Materials firm Royal DSM NV has chosen Augusta, Ga., as the site of its new North American nylon resin plant.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar 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

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

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