The bioplastics industry is in the midst of a really, really big growth spurt.
Speaking at the 16th European Bioplastics Conference in Berlin earlier this week, François de Bie, chairman of European Bioplastics, said that within the next five years, bioplastics may see a growth rate of more than 200 percent.
"Before 2026, the share of bioplastics in the total global production of plastics will pass the 2 percent mark for the first time," he said. "Our formula of success is a strong belief in the abilities of our industry, the aspiration for continuous innovation, and the courage to make the necessary financial investments."
Data presented at the event, covered by Karen Laird, editor of our sister magazine Sustainable Plastics, points to production expected to more than triple during the next five years, growing from 2.4 million metric tons this year to 7.5 million tonnes by 2026.
You can check out more at the SP website. (By the way, Sustainable Plastics doesn't require a subscription, but you may need to register to read stories on the site.)