Bioplastics market grows at about 10% compared to synthetic polymers at about 5 % Bioplastics, growing fast at about 10% pa, cover approximately 10-15% of the total plastics market currently, poised to increase to 25-30% by 2020. New applications and innovations in the packaging, automotive and electronics industry are driving the market boom. Over 500 bioplastics processing companies already exist, and are expected to increase ten fold by 2020 to over 5000. Due to limited petroleum resources, their prices and also their disposing problem, demand for biodegradable plastics (which produces carbon di oxide and water) is growing.
See also “ Asia is forecast to gain a lead in the market”
Bioplastics market set to grow rapidly 02/06/2008
By Susan Gault
Driving force will be the non-toxicity of bioplastics.
2 June 2008 – The global market for bioplastics is set to grow by 8-10% annually, increasing its value from $1bn (€0.6bn) in 2007 to $10bn (€6.4bn) by 2020.
New applications in the automotive and electronics sectors will drive the growth, although packaging will remain the dominant market. This is despite its share forecast to fall from 65% in 2007 to 40% in 2025.
These are the key findings from a new report into the bioplastics market by the Helmut Kaiser Consultancy. It said that by 2025 Asia will be market leader with a 32% stake, followed by Europe with 31% and the USA with 28%.
Asia is forecast to gain a lead in the market due to the fact that genetically modified plants are easier to grow there. New outlets for agriculture are also quicker to establish and build-up in Asia.
Currently, bioplastics cover an estimated 10-15% of the total plastics market, but this will increase to 25-30% by 2020. This expansion will increase as the technical properties of bioplastic materials are improved and their innovation creates new applications in the automotive, medical and electronics industries.
The driving force in many applications will be the non-toxicity of bioplastics, which is seen as the major factor for promotion of sustainable and environmentally-friendly products to consumers.
The opening up of new markets and applications will also provide higher profitability for suppliers, the consultancy forecasts.
Bioplastics market set to grow rapidly
See also “Bioplastics global market set to grow“
http://biopol.free.fr/ 11/06/2008
See also “Bioplastics: The Market“
http://biopol.free.fr/ 17/03/2008
See also “Bioplastics incentives, technology grows“
http://bioplastique.wordpress.com 23/05/2008
