The European Bioplastics annual conference was recently held and announced a predicted significant growth for bioplatics production capacties by 2018.
Results from its market data is signifying an expected growth of 400% for the industry, which were presented at the 9th European Bioplatics Conference in Brussels during December 2014. According to François de Bie, Chairman of European Bioplastics:
The market is predicted to grow by more than 400 percent in the mid-term.
The data required for this forecast was as a result of a collaboration between the IFBB – Institute for Bioplastics and Biocomposites at the University of Applied Sciences and Arts in Hannover, Germany, and the nova-Institute of Hürth, Germany. They have predicted that bioplastics production capacity is set to increase from around 1.6 million tonnes in 2013 to approximately 6.7 million tonnes by 2018, with non-biodegradable plastics such as bio-based polyethelene to see a major increase in production capacity.
Flexible and rigid packaging remains by far the leading application field for bioplastics, withFrançois de Bie stating:
A decisive growth can be observed in textiles and automotive applications. From functional sports garments with enhanced breathability to fuel lines—bioplastics are constantly spreading into new markets.