Currently, bioplastics still represent less than one percent of the more than 367 million tonnes of plastic produced annually*. However, contrasting a slight decrease in the overall global plastic production, the market for bioplastics has continuously grown. This development is driven by a rising demand combined with the emergence of more sophisticated applications and products.
According to the latest market data compiled by European Bioplastics in cooperation with the nova-Institute, global bioplastics production capacities are set to increase from around 2.42 million tonnes in 2021 to approximately 7.59 million tonnes in 2026. Hence, the share of bioplastics in global plastic production will bypass the two percent mark for the first time.
*Source: World plastics production 2020, Plastics Europe, 2021.