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Bio-based plastics will grow rapidly

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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Recently, Francois de Bie, president of the European Bioplastics Association, said that the global bioplastics industry is expected to grow by 36% in the next five years after withstood the challenges brought by the new crown pneumonia epidemic

Global bioplastic production capacity will increase from about 2.
1 million tons this year to 2.
8 million tons in 2025

Global bioplastic production capacity will increase from about 2.

Bio-based non-degradable plastics, including bio-based polyethylene (PE), bio-based polyethylene terephthalate (PET) and bio-based polyamide (PA), currently account for 40% of global bioplastic production capacity (approximately 800,000 tons/year)
.

Packaging remains the largest application area for bioplastics, accounting for about 47% (about 990,000 tons) of the entire bioplastics market
.

In terms of the development of bio-based plastics production capacity in various regions of the world, Asia is still the main production center.

Hasso von Pogrell, General Manager of the European Bioplastics Association, said: "Recently, we have announced major investments
.
Europe will become a major production hub for bioplastics
.
This material will play an important role in enabling a circular economy
.
Localized production will accelerate bioplastics application in the European market
.
”

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