Study shows Bioplastics market to grow at an annual average of 13% through 2014.
Posted on : 15 Mar, 2010
Despite the poor global economy in 2009, the bioplastics and biodegradable polymers market grew in 2009, and even predicted to grow at an annual average of 13% through 2014. These figures were revealed by SRI Consulting’s new study, “Biodegradable Polymers”.
The report added that the single-largest end use will be in ‘food packaging, dish and cutlery market’ which it said, ‘will be the major growth driver in the future’.
Some noteworthy abstracts of reports include:
- Europe continues to be the largest biodegradable polymers-consuming region, with about half of the global total. Major market drivers for biodegradable polymers in this region include legislation, depleting landfill capacities, pressure from retailers, growing consumer interest in sustainable plastic solutions, fossil oil and gas independence, and the reduction of greenhouse gas emissions.
- North American and Asian consumption of biodegradable polymers have also grown significantly in recent years.
- Japan has enjoyed growth in biodegradable polymers use as a result of government and industry promoting their use. The rising prices for petroleum and petroleum-based products have also contributed to the replacement of petroleum-based polymers with biodegradable polymers. However, Japanese consumption of biodegradable polymers has not increased as much as expected.
- In Other Asian countries however biodegradable polymer demand is expected to increase greatly in the next several years. In China, high growth will be due to several factors: an increase in production capacity, demand for environmentally friendly products, and the government’s plastic waste control legislation.
The growing market for Bioplastics and the factors contributing to this increase will be the focal point of the 4th Bioplastics Markets conference, a global bioplastics industry forum meeting on 1-2 June in Shanghai. Conference highlights include:
- Global outlook & developments of bioplastics
- Effectiveness of "Green" Marketing
- Latest market update: Indonesia/Thailand/China/Japan/Korea/Taiwan
- Product design challenges using bioplastics
- Update on new bio materials available and case study
- Brand owner & end user's perspective on bio plastics application
- Development of bioplastics compounding & processing challenges
4th Bioplastics Markets, THE Must-Attend global bioplastics industry meet, is already welcoming participation from bioplastics producers, suppliers, brand owners, retailers, processors, converters, financial & academic institutions, machinery suppliers & all other key executives looking for an update on the opportunities in the bioplastics business.
Those keen on participation can submit their registrations online. >>Click here to access<<
Those who are keen on perusing Sponsorships and Media Partnership arrangements for this conference can email their enquiries to Ms. Grace Oh, Marketing Manager at grace@cmtsp.com.sg.
