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Bioplastics Trend Continues Strongly Upward Despite Low Oil Price

from Plastics Today

European Bioplastics, the European trade organization for the bioplastics industry, is predicting a robust growth of over 350 percent of the global bioplastics production capacity in the mid-term, said Chairman François de Bie in the annual market data update presented at the 10th European Bioplastics Conference in Berlin. According to the latest findings, this capacity is set to increase from around 1.7 million metric tons in 2014 to approximately 7.8 million metric tons in 2019, with as main drivers bio-based, non-biodegradable plastics, such as bio-based PE and bio-based PET. more

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