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New market data: The positive trend for the bioplastics industry remains stable
Berlin, 5 December 2018 – The results of the European Bioplastics’ annual market data update, presented today at the 13thEuropean Bioplastics Conference in Berlin, confirm a stable growth of the global bioplastics industry. “The global market for bioplastics is predicted to grow by roughly 25 percent over the next five years“, says Hasso von Pogrell, Managing Director of European Bioplastics. “This trend is possible thanks to the increasing demand for sustainable products by both consumers and brands alike, stronger policy support for the bioeconomy, and the continuous efforts of the bioplastics industry to develop innovative materials with improved properties and new functionalities.”
The global bioplastics production capacity is set to increase from around 2.1 million tonnes in 2018 to 2.6 million tonnes in 2023. Innovative biopolymers such as PLA (polylactic acid) and PHAs (polyhydroxyalkanoates) are driving this growth. PHAs are an important polymer family that has been in development for a while and that is entering the market at a larger commercial scale, with production capacities set to quadruple in the next five years. These polyesters are bio-based, biodegradable, and feature a wide array of physical and mechanical properties. Production capacities of PLA are set to double by 2023. PLA is a very versatile material that features excellent barrier properties. High-performance PLA grades are an ideal replacement for several conventional fossil-based plastics such as PS (polystyrene) and PP (polypropylene).
Packaging remains the largest field of application for bioplastics with almost 65 percent (1.2 million tonnes) of the total bioplastics market in 2018. The data also confirms that bioplastics materials are already being used in many other sectors, including textiles, consumer goods and applications in the automotive and transport sector as well as the agriculture and horticulture sector.
With a view to regional capacity development, Asia remains a major production hub with over 50 percent of bioplastics currently being produced there. Presently, only one fifth of the production capacity is located in Europe. This share is predicted to grow to up to 27 percent by 2023. The expected growth will be supported by recently adopted policies in several European Member States, such as Italy and France.
All above information quoted from https://www.european-bioplastics.org
From above data and information we can see that bioplastics packing need increased quickly. That's a big market in the future. Tungsheng industry continuously making research and development on bioplastic field in recent years. Now we can manufacture 100% compostable t-shirt bag in translucent color or green color, with1 or 2 colors print. Our 100% compostable t-shirt bag has got DIN certificate and applied to EN13432 and ASTM 6400. Now we are preparing make BPI certificate on new product compostable flat bag star sealed on roll. It is more suitable for kitchen waste and garbage use. The star seal make it can hold more heavy waste and no worries about leakage.