October 18, 2012

Strong bioplastic growth led by bio-PET

Another delayed post is this press release last week from the industry trade group, European Bioplastics, on their annual report on the global bioplastic capacity/production status and five-year growth projections.

The report, which is published in cooperation with the Institute for Bioplastics and Biocomposites from the University of Hannover (Germany), noted a fivefold growth of the global bioplastics production capacity -- from 1.2m tonnes in 2011 to 5.8m tonnes projected for 2016.

The strongest growth will be led by bio-based, non-biodegradable bioplastics group such as bio-PE (polyethylene) and bio-PET (polyethylene terephthalate), which are dubbed "drop-in" solutions. Remember our bioplastic cheat sheet here?

According to the European Bioplastic report, biobased PET is already accounting for 40% of the global bioplastics production capacity. Partially biobased PET will continue to grow to more than 4.6m tonnes by 2016, which will accoount for 80% of the total bioplastics production capacity in that time frame.

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