Global bioplastics market expected to grow fivefold by 2016

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Global bioplastics market expected to grow fivefold by 2016

Global bioplastics market expected to grow fivefold by 2016
October 12
13:42 2012

The global market for bioplastics is expected to grow fivefold by 2016, according to European Bioplastics

Trade body European Bioplastics said in its annual report that the current volume figure of 1.2 million tonnes 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 ten

In a statement the trade body said: “Leading the field is partially bio-based PET, which is already accounting for approximately 40% of the global bioplastics production capacity. Partially bio-based PET will continue to extend this lead to more than 4.6 million tonnes by 2016.”

European Bioplastics said this would correspond to 80% of the total bioplastics production capacity. Following PET is bio-based PE on 250,000 tonnes, constituting more than 4% of the total production capacity, the organisation said.

European Bioplastics managing director Hasso von Pogrell 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.

Call for more support

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 measure

“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.”

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