Global Demand for Bio-based Resins to Rise 19% per year through 2017

    A new study has predicted that the global demand for biodegradable plastics will increase 19% per year, equating to 960,000 metric tons in 2017. This demand is driven by a number of factors including a consumer and manufacturer preference for sustainable products and the development of new products that will expand the possibilities for bio-based plastics. However, “the success of the bioplastics industry will ultimately depend on price and performance considerations, and large scale conversion to bioplastics will not occur until price parity with conventional plastic resins is achieved” noted analyst Kent Furst. The demand will be truly global. In 2012, Western Europe was the largest consumer of bioplastics followed by North America and China. These trends, along with prominently starch-based resins and polylactic acid products, are expected to continue into the future.

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    Source: Greener Package

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