November 11, 2009

US bioplastics reached $1bn in sales

The U.S. bio-plastics market accounted for approximately $1 billion in sales in 2007 and is expected to reach $10 billion by 2020, according to bioplastic producer Cereplast.

The company notes estimates pointing to bio-plastics capturing up to 30% of the total US plastics market within 10 years. Cereplast said that algae-based bioplastic, of which the company is currently developing, will open up a whole new source of feedstock and result in a broad range of new applications.

More on this post...
Post a Comment