European Bioplastics: Fivefold Growth of the Bioplastics Market by 2016

Oct 10, 2012, 08:30 ET from European Bioplastics

BERLIN, October 10, 2012 /PRNewswire/ --

Biobased PET contributes significantly with a tenfold increase in its capacity

An above-average positive development in bioplastics production capacity has made past projections obsolete. The market of around 1.2 million tonnes in 2011 will see a fivefold increase in production volumes by 2016 - to an anticipated almost 6 million tonnes. This is the result of the current market forecast, which the industry association European Bioplastics publishes annually in cooperation with the Institute for Bioplastics and Biocomposites from the University of Hannover.

     (Photo: http://photos.prnewswire.com/prnh/20121010/567583 )

The worldwide production capacity for bioplastics will increase from around 1.2 million tonnes in 2011 to approximately 5.8 million tonnes by 2016. By far the strongest growth will be in the biobased, non-biodegradable bioplastics group. Especially the so-called 'drop-in' solutions, i.e. biobased versions of bulk plastics like PE and PET, that merely differ from their conventional counterparts in terms of their renewable raw material base, are building up large capacities. Leading the field is partially biobased PET, which is already accounting for approximately 40 percent of the global bioplastics production capacity. Partially biobased PET will continue to extend this lead to more than 4.6 million tonnes by 2016. That would correspond to 80 percent of the total bioplastics production capacity. Following PET is biobased PE with 250,000 tonnes, constituting more than 4 percent of the total production capacity.

"But also biodegradable plastics are demonstrating impressive growth rates. Their production capacity will increase by two-thirds by 2016,"states Hasso von Pogrell, Managing Director of European Bioplastics. Leading contributors to this growth will be PLA and PHA, each of them accounting for 298,000 tonnes (+50 percent) and 142,000 tonnes (+ 550 percent) respectively.

"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", says von Pogrell.

Market data charts can be downloaded in English and German here at http://ots.de/f7tUA.

Press contact:
Kristy-Barbara Lange, Head of Communications, European Bioplastics
Tel.: +49-30-28482-356
Email: press@european-bioplastics.org

http://www.european.bioplastics.org


SOURCE European Bioplastics