Market drivers and development

Today, there is a bioplastic alternative for almost every conventional plastic material and corresponding application. Bioplastics have the same properties as conventional plastics and offer additional advantages, such as a reduced carbon footprint or additional waste management options, such as composting. The current market for bioplastics is characterised by a dynamic growth rate and a strong diversification. There is a multitude of applications for bioplastics ranging from beverage bottles in the packaging segment to keyboards in the consumer electronics segment and interior parts in the automotive sector.

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.
The latest market data does not only demonstrate the contributions of the industry on moving toward