A new study from the European Bioplastics and the European Polysaccharide Network of Excellence (EPNOE) estimated that substitution potential of up to 90% of the total consumption of plastics by bio-based polymers are technically possible.
Still, that estimate will not be fulfilled in the near future because of low oil price, high production costs and restricted production capacity of biomass-based polymers, researchers of the study concluded.
2007 global bioplastic capacity (at 360,000 metric tonnes) is said to be only 0.3% of the global plastic production, which is dominated by petrochemical plastics. The bioplastic market, however, experienced a 38% growth rate from 2003 to 2007. European growth rate was said to be as high as 48%.
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