20% growth global bioplastics market expected in next 5 years

The global market for bioplastics is predicted to grow by 20% over the next five years. The global production capacity is set to increase from around 2.05 million tonnes in 2017 to approximately 2.44 million tonnes in 2022. Innovative biopolymers such as PLA and PHAs are the main drivers of this growth.
Packaging remains the largest field of application with almost 60% (1.2 million tonnes) of the total bioplastics market in 2017. With a view to regional capacity development, Asia remains a major production hub with over 50% of bioplastics currently being produced there. One fifth of the production capacity is located in Europe (News Item European Bioplastics, 29 November 2017).
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