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 strong diversification. With a growing number of materials, applications, and products, the number of manufacturers, converters and [...]
Currently, bioplastics represent less than one per cent of about 431 million tonnes of plastic produced annually. However, as demand continues to rise — and with more sophisticated materials, applications, and products emerging, the market is already experiencing dynamic growth. According to the latest market data compiled by European Bioplastics and nova-Institute, global production capacity of bioplastics is expected to increase significantly, from around 2.31 million tonnes in 2025 to approximately 4.69 million tonnes in 2030. [...]
The bioplastics industry is a growing, innovative sector with enormous economic and ecological potential for a low-carbon, circular bioeconomy that uses resources more efficiently. The current market for bioplastics is characterised by a dynamic growth rate and strong diversification. Even though bioplastics still represent less than one percent of the approximately 414 million tonnes of plastics produced worldwide annually (Source: Plastics Europe, [...]