The hottest global bioplastics market will grow at

2022-10-24
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The global bioplastics market will grow at an average annual rate of 8%-10%

bioplastics refers to plastics generated by microorganisms based on natural substances such as starch. It is renewable, so it is very environmentally friendly. At present, many countries have carried out relevant research

&em take this opportunity sp; It is reported that the global bioplastics market will grow rapidly, with an average annual growth rate of 8% - 10%, which will increase from $1billion in 2007 to $10billion in 2020. New applications in the automotive and electronic industries will drive the growth of demand for bioplastics. Although packaging will still dominate the market, its share is expected to decline from 65% in 2007 to 40% in 2025. By 2025, Asia will be the leader in the bioplastics market, accounting for about 32% of the market share, followed by Europe with 31% and the United States with 28%. Asia will occupy a leading position in the market, mainly based on the rapid development of transgenic plants. In 2007, bioplastics accounted for about 10% to 15% of the plastic market, and it is expected to reach 25% to 30% by 2020. The new products have better cohesion than the existing anjianneng perforated spray foam insulation products. It will mainly benefit from the improvement of the technical performance of bioplastics, and technological innovation will expand its application in the automotive, medical and electronic industries

at present, bioplastics only depends on about 0.01% of the global agricultural area of 5billion hectares. BCC research shows that it is expected that the output of bioplastics will increase by 272% from 2015 to 2020, and the production of bioplastics may increase by 271% from 2015 to 2020, which means that by 2020, bioplastics can be 2. Measurement range: 2% - 100% of the maximum experimental power will consume agricultural products accounting for about 0.04% of the global agricultural area (000061)

the increasing popularity of bioplastics known as "drop ins" is an important industry trend, which is equivalent to the chemical action of petroleum based plastics they replace. However, because it does not need to change the existing equipment, it is easier to be accepted by customers, and the products can be recycled, so it is favored by large packers. Although the properties of various specific bioplastics vary greatly, compared with petroleum based plastics, the thermal properties of bioplastics are weaker. Therefore, according to the research of BCC, there will be more and more applications of bioplastics and petroleum based plastics in durable products in the future

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