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Follow on Google News | NanoMarkets Latest Report Forecasts the Bio-Plastics Market Through 2020NanoMarkets has published an in-depth analysis of worldwide markets for bio-plastics, covering all major bio-plastics including starch-based bio-plastics, bio-polyesters, cellulose-based bio-plastics and bio-polymers.
By: NanoMarkets, LC The report also discusses new feedstocks such as seaweed, and carbon dioxide. Applications analyzed include food and pharma packaging, waste bags, medical implants, diapers, mulch foils, electronics, and tires/automotive. Eight-year forecasts with breakouts by materials type, applications and region are included. The report discusses the activities of many firms pioneering the use of bio-plastics including Arkema, Avantium, BASF, Braskem, Bridgestone, Cargill, Casda, Coca Cola, Cooper Tire, Danone, Dow Chemical, Faurecia, FKuR, Gevo, Green Dot, Heinz, Hisun Biomaterials, Innovia Films (UK), Invista, LanzaTech, M & G, Metabolix, Mitsubishi Chemical, Mitsui, Nike, Novamont, P&G, PTT, Purac, Showa Denko, Solvay, Teijin, Toray and Uhde Inventa-Fischer. Additional details about the report are available at: http://nanomarkets.net/ More from the report: While bio-plastics represent only 1% of the total plastics market today, NanoMarkets' report projects that amount will grow to 7% by 2020. Market drivers include recyclability of bio-based PA, PE and PET and the bio-degradability/ To reach full potential, bio-plastics must come down in price; today they are two-to-three times the price of fossil-based plastics. This sector is also highly capital intensive. For every one million tons of bio-plastics production capacity, at least $1.25 billion is invested. Cost reductions will be achieved through economies of scale and by using less expensive feedstocks; switching to cassava for bio-PLA will reduce feedstock cost by 70%. Another factor that will help bio-plastics will be ongoing technical improvements such as better barrier coatings. The consumption of bio-plastics by the packaging industry will amount to 1.3 billion tons in 2013; almost 75 percent of bio-plastics shipped. Packaging will still hold a 65 share of the bio-plastics market as late as 2020. For plastic bottles, bio-PET is expected to replace fossil-based plastics entirely and PLA foamed structures are expected to take a noticeable share of the food container segment. The other big bio-plastics opportunity lies in the automotive segment, which is expected to consume just 75 million tons of bio-plastics in 2013 but more than 10 times that amount in 2018. Bridgestone and Cooper Tire are developing bio-plastic tires and bio-based butadiene tires will be retailing by 2014. Mitsubishi is doing R&D work on bio-plastics for automotive interior parts. Bio-plastics that are expected to be used in the automotive segment include PLA blends, bio-PA, bio-PE, and bio-PET. Bio-plastics product is shifting to Asia and South America, closer to where feedstocks are grown. By 2020 nearly 80% of bio-plastics will be produced in these regions. Chinese companies are already making bio-plastics and firms such as Arkema and BASF are investing in the Chinese bio-plastic sector. Chinese domestic consumption for bio-plastics will also grow rapidly, but will be constrained by Chinese government concerns with using food crops for feedstocks. About NanoMarkets: NanoMarkets tracks and analyzes emerging markets in advanced materials. The firm is the recognized leader in industry analysis and forecasts for a variety of functional plastics-related markets. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services. Media Contact: Robert Nolan NanoMarkets, LC PO BOX 3840 Glen Allen, VA 23058 (804) 938-0030 rob@nanomarkets.net http://www.nanomarkets.net End
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