Today, there is a bioplastic alternative for almost every conventional plastic material and corresponding application. Bioplastics are moving out of the niche and into the mass market. The current market for bioplastics is characterised by a dynamic growth rate and a strong diversification.
With a growing number of materials, applications, and products, the number of manufacturers, converters and end-users also increases steadily. Significant financial investments have been made into production and marketing to guide and accompany this development. Legal framework conditions provide incentives for the use of bioplastics in several countries worldwide, providing stimulus to the market.
Big brand owners including Danone, Coca-Cola, PepsiCo, Heinz, Tetra Pak, Unilever and L’Occitane in the packaging market, or Ford, Mercedes, VW, Toyota in the automotive market have launched or integrated bioplastic products. With strong brand names driving the development, market penetration is gaining speed.