In Germany, a ew trend report from nova institut highlights policies around the world and their positive and negative impacts on bio-based plastics market developments. A must read for any investor or producer – where is demand expected to increase?
In contrast to biofuels, there are currently no strong, comprehensive policy frameworks in place to support bio-based materials (such as mandatory targets, tax incentives, etc.), and, as a result, these products suffer from a lack of raw material supply, low investment security or also consumer confidence. However, a variety of policies from different sectors influence bio-based materials.
The authors write: “Motivations for supporting the bio-based plastics sector (and the bio-based economy in general) vary strongly from region to region. In the US, the driver for bio-based products and plastics are resource security and agricultural market policy, while in Japan there is a strong drive towards products with a green image. In Europe, resource utilisation, GHG emissions, recyclability and compostability are important drivers in developing supporting policies. Industrial development is an important driver in South East Asia, Brazil and China.”
The trend report takes a look at global policy initiatives from the fields research and innovation, bioenergy and biofuels, industrial innovation, circular economy, waste management as well as agriculture and forestry.
Countries and regions in special focus are Europe, the U.S., China, Japan, Thailand and Brazil. The report analyses which policy frameworks can have a beneficial influence on the developments of bio-based plastics and provide positive environments to setting up bio-based businesses.