With low oil prices, how are bioplastics faring?
from Greener Package
The results of European Bioplastics’ annual market data update, presented at the 10th European Bioplastics Conference in Berlin, have confirmed the positive growth trend of the global bioplastics industry. "The market is predicted to grow by more than 350 percent in the mid-term," said François de Bie, Chairman of European Bioplastics. Packaging remains the single largest field of application for bioplastics, with almost 70 percent percent of the total bioplastics market. “The data illustrates an important trend to make packaging more resource efficient, which is driven by a growing consumer demand for products with a reduced environmental impact,” explained de Bie.
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