The results of European Bioplastics' annual market data update, presented today at the 9th European Bioplastics Conference in Brussels, confirm the positive growth trend of the global bioplastics industry. "The market is predicted to grow by more than 400 percent in the mid-term," stated François de Bie, Chairman of European Bioplastics.
The data compiled in cooperation with the IfBB (Institute for Bioplastics and Biocomposites) and the nova-Institute shows that the bioplastics production capacity is set to increase from around 1.6 million tonnes in 2013 to approximately 6.7 million tonnes by 2018. Biobased, non-biodegradable plastics such as biobased PET are gaining the most. PLA is a major growth driver in the field of biobased and biodegradable plastics. Furthermore, renewable and compostable plastics produced locally are likely to benefit from the new EU directive on the reduction of shopping bags. Flexible and rigid packaging remains by far the leading application field for bioplastics.
With a view to regional development: About 75 percent of bioplastics will be produced in Asia by 2018. In comparison, Europe will be left with 8 percent. "We urge the EU legislators to consider and make efficient use of the immense environmental, economic growth and job creation potential of our industry. In this context, the Circular Economy Package should remain in the Commission's 2015 Work Programme and the Waste Target Review should proceed as planned," concluded de Bie.
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