Currently, bioplastics still represent less than one percent of the more than 390 million tonnes of plastic produced annually*. After stagnating in 2020, mainly due to Covid-19, the overall global plastic production has been increasing again since 2021. This development is driven by 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 2.2 million tonnes in 2022 to approximately 6.3 million tonnes in 2027.
*Source: World plastics production 2021, Plastics Europe, 2022.