The global demand for bio renewable and bio plastics will increase year by year
according to the "world bio plastics" Research Report released by American Freedonia company, the global demand for bio plastics and bio renewable plastics will increase by 19% every year, reaching 960000 tons by 2017
bioplastics are biodegradable and compostable plastics, which are made of renewable raw materials such as starch (such as corn), cellulose or soybean protein, and can be re decomposed into harmless elements such as biomass, carbon dioxide and water
freedonia analyst Kent Furst said: "basically all regional markets will see steady growth in demand." The most likely driving factors include the increasing preference of consumers for sustainable materials, the increasing use of bioplastics by plastic processors and composite producers, and the new product development brings more new uses to bioplastics
however, despite the current growth in demand, Freedonia believes that by 2022, bioplastics will still account for less than 1% of the total plastic market. Furst predicted that "the success of the bioplastics industry will ultimately depend on price and performance factors, and mass bioplastics production can only occur when bioplastics shows that the prosperity of the papermaking industry will continue to be depressed in 2019, and the technology development and localized production are close to the traditional plastic resin in price."
it is expected that the increasingly strict regulations on the daily use of plastic products (such as plastic bags) will promote the increase in the market demand for starch based bioplastics. However, common plastics such as polyethylene and polypropylene, which have just been commercialized, are expected to show the fastest growth in demand
in 2012, Western Europe was the largest regional market for bioplastics, with a consumption of 212000 tons, accounting for more than half of the total global demand
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