TAGS: Biobased Solutions
The results of the European Bioplastics’ annual market data update, presented at the 14th European Bioplastics Conference in Berlin, confirm a dynamic growth of the global bioplastics industry.
PP and PHAs are Driving Growth of the Market
The global bioplastics production capacity is set to increase from around 2.1 million tons in 2019 to 2.4 million tons in 2024. Innovative biopolymers such as polypropylene (PP) and polyhydroxyalkanoates (PHAs) are driving this growth.
PHAs are an important polymer family that entered the market at a larger commercial scale, which continues to increase. Production capacities are set to more than triple in the next five years. These polyesters are bio-based, biodegradable, and feature a wide array of physical and mechanical properties.
Production capacities of PP are set to almost sextuple by 2024. This is due to the widespread application of PP in a wide range of sectors. PP is a very versatile material that features excellent barrier properties. High-performance PP grades are an ideal replacement for several conventional fossil-based plastics, especially PE.
The European Commission (EC) is working actively on clarifying criteria and applications for plastic products where the use of compostable plastics represents an advantage. The initiative of the EC will ultimately help stakeholders along the plastics and bio-waste value chains to grasp the benefits of compostable plastics in a circular economy context.
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In an increasingly environmentally conscious context, the global market for bioplastics is predicted to grow by more than 15 percent over the next five years. This trend is possible thanks to the steadily increasing demand for sustainable products by both consumers and brands alike and the continuous efforts of the bioplastics industry to develop innovative materials with improved properties and new functionalities,” says Hasso von Pogrell, Managing Director of European Bioplastics.
Bio-based, non-biodegradable plastics, including the drop-in solutions bio-based polyethylene (PE) and bio-based polyethylene terephthalate (PET), as well as bio-based polyamides (PA), currently make up for around 44 percent (almost 1 million tons) of the global bioplastics production capacities. The production of bio-based PE is predicted to continue to grow as new capacities are planned to come online in Europe in the coming years.
Intentions to increase production capacities for bio-based PET, however, have not been realized nearly at the rate predicted in previous years, but actually declined over the years. Instead, the focus has shifted to the development of polyethylene furanoate (PEF), a new polymer that is expected to enter the market in 2023. PEF is comparable to PET but is fully bio-based and furthermore features superior barrier and thermal properties, making it an ideal material for beverage bottles.
Packaging - The Largest Field of Application for Bioplastics
Packaging remains the largest field of application for bioplastics with almost 53 percent (1.14 million tons) of the total bioplastics market in 2019. The data also confirms that bioplastics materials are already being used in many other sectors, and the portfolio of application continues to diversify. Segments, such as automotive & transport or building & construction, significantly increased their relative share.
With a view to regional capacity development, Asia remains a major production hub with over 45 percent of bioplastics currently being produced there. Presently, one fourth of the production capacity is located in Europe. This share is predicted to grow to up to 30 percent by 2024.
The land used to grow the renewable feedstock for the production of bioplastics is estimated to be 0.7 million hectares in 2019 and continues to account for only around 0.02 percent of the global agricultural area of 4.8 billion hectares. Despite the market growth predicted in the next five years, the land use share for bioplastics will remain at only around 0.02 percent.
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The data shows once more that there is no competition between renewable feedstock for food and feed, and the use for bioplastics. 94 percent of all arable land is used for pasture, feed and food.” says Francois de Bie, Chairman of European Bioplastics.
Source: European Bioplastics