Bioplastics fast market growth of more than 8-10% per year. Bioplastics cover approximately 10-15% today of the total plastics market and will increase its market share to 25 to 30 percent by 2020. Car Inustry goes 'green' with bioplastics applications.
New study by helmut kaiser consultancy 2008
http://www.hkc22.com/
Bioplastics fast market growth of more than 8-10% per year. Bioplastics cover approximately 10-15% of the total plastics market and will increase its market share to 25-30% by 2020. The market itself is huge, it reached over 1bn US$ in 2007 and will be over 10 billion by 2020. More and more companies are entering and investing in this market. New applications and innovations in the Automotive and Electronics Industry lead to market boom. Over 500 bioplastics processing companies are already available, more than 5000 is expected by 2020.
Nontoxic is the key image, sustainable and environmentally friendly products is the driving force.
Less than 3 percent of all waste plastic worldwide gets recycled, compared with recycling rates of 30 percent for paper, 35 percent for metals and 18 percent for glass, according to a study by helmut kaiser consultancy 2006.
The world’s resources are depleting at an amazing speed. Fossil fuels are exhaustible and due to the increasing population, these will not be sustainable in the future. Plastics are produced from by products of the fossil fuel processing. Fossil fuels are limited and are non renewable, bioplastics on the other hand could be a solution for the future.
Bioplastics are plastics produced from biomass sources. Biomass sources are renewable and are more environmental friendly than the current sources for plastic production. Bioplastics and normal plastics have many thing in common, the only difference is that, bioplastics use renewable resources in their manufacturing and are mostly biodegradable and recyclable.
The advantages of bioplastics are the uses of plant sources as renewable materials and the products could be further recycled as ‚new’ biomass sources, for thermal, organic or chemical recycling. The production of bioplastics are more environmental friendly, as less CO2 are produced, thus not contributing much to the global warming.
The currently availabe bioplastics cover approximately 10-15% of the plastics market and is expected to grow between 8-10% annualy. Europe being one of the most important market, due to the limited amount of crude oil reserves. In recent years, bioplastics have been used in the food and packaging industry, medical, toys and textile industries. With new innovations expected in the near future, there would be more and more applications for bioplastics, such as the automobile industry and electronics industry, where plastics play a major role.
Car companies know that plastic parts made from plants will appeal to 'green' customers and customers who care. Toyota is one of the leading companies
in research and usage.
Bioplastics production companies are relatively small plants and are still in the early stages of the development and surely, with new developments in the future, the production will be more and more effective and will open new applications, and new opportunities.
The study discusses the market structure of bioplastics, its development worldwide by regions, applications and technologies. The markets that are covered include, bioplastic manufacturing, bioplastics processing, bioplasting distribution, recycling and renewable raw materials.
for more: hkc22@bluewin.ch
