Global demand for biodegradable plastics is increasing by 15% annually
Release time:
2019-01-15
According to a newly released report, consumer pressure on merchants and manufacturers, regulations such as plastic bag bans, and an increase in environmental initiatives related to global warming will drive demand for biodegradable plastics. Demand in North America, Europe and Asia will increase from 269,000 tonnes in 2012 to nearly 525,000 tonnes in 2017, an average annual growth rate of nearly 15%. Food packaging and foodservice supplies will drive demand for biodegradable polymers, with double-digit levels of demand growth in North America and Europe, Houston-based HIS Chemicals said. In terms of demand, bubble wrap and compostable plastic bags will be at the top of the list. Michael Malveda, principal analyst of specialty chemicals at HIS Chemicals and lead author of the report, said: "The biodegradable polymer market is still in its infancy and small, but its expected demand growth and demand potential in the coming years is staggering. " "Food packaging, plates and cutlery are the main markets for these materials because they can be composted with food without sorting, which is a great benefit for waste management, as well as reducing food waste and composting of packaging. Stricter regulations and increasing consumer pressure are driving retailers and manufacturers to switch to these biodegradable products and materials. " In 2012, Europe accounted for about 55% of the global demand for biodegradable polymers, followed by North America with 29% and Asia with 16%. "The main barriers to biodegradable polymers include price and performance, but improvements in processing technology, expanded application areas and increased production volumes will significantly overcome these barriers," Malveda said. Many countries have already implemented regulations, such as bans on plastic bags, which have prompted new research into alternative materials and their new uses. " He said the growth in demand for biodegradable polymers in Asia has been hampered by higher prices for raw materials. Polylactic acid currently accounts for about 47% of global demand for biodegradable plastics, followed by starch-based plastics at 41%, the report said.
According to a newly released report, consumer pressure on merchants and manufacturers, regulations such as plastic bag bans, and an increase in environmental initiatives related to global warming will drive demand for biodegradable plastics.
Demand in North America, Europe and Asia will increase from 269,000 tonnes in 2012 to nearly 525,000 tonnes in 2017, an average annual growth rate of nearly 15%.
Food packaging and foodservice supplies will drive demand for biodegradable polymers, with double-digit levels of demand growth in North America and Europe, Houston-based HIS Chemicals said. In terms of demand, bubble wrap and compostable plastic bags will be at the top of the list.
Michael Malveda, principal analyst of specialty chemicals at HIS Chemicals and lead author of the report, said: "The biodegradable polymer market is still in its infancy and small, but its expected demand growth and demand potential in the coming years is staggering. "
"Food packaging, plates and cutlery are the main markets for these materials because they can be composted with food without sorting, which is a great benefit for waste management, as well as reducing food waste and composting of packaging. Stricter regulations and increasing consumer pressure are driving retailers and manufacturers to switch to these biodegradable products and materials. "
In 2012, Europe accounted for about 55% of the global demand for biodegradable polymers, followed by North America with 29% and Asia with 16%.
"The main barriers to biodegradable polymers include price and performance, but improvements in processing technology, expanded application areas and increased production volumes will significantly overcome these barriers," Malveda said. Many countries have already implemented regulations, such as bans on plastic bags, which have prompted new research into alternative materials and their new uses. "
He said the growth in demand for biodegradable polymers in Asia has been hampered by higher prices for raw materials.
Polylactic acid currently accounts for about 47% of global demand for biodegradable plastics, followed by starch-based plastics at 41%, the report said.
Chaozhou Guotong Plastic Packaging Material Co., Ltd.
Tel:86 0768 6626388
Company contact: Zhan Sheng 8613923511522
Sales contact: Zeng Sheng 8613553764871
E-mail:903867227@qq.com
Mobile Client
WeChat Public
Copyright©Chaozhou Guotong Plastic Packaging Material Co., Ltd.
