European Bioplastics says global bioplastics production seeing new post Covid-19 momentum

In Germany, European Bioplastics says that after a stagnation of the overall plastics production in 2020, mainly due to challenges posed by the Covid-19 pandemic, there is now a new momentum for global bioplastics production. Capacity of production is set to increase significantly from around 2.23 million metric tons in 2022 to approximately 6.3 million tons in 2027. The market data was compiled in cooperation with nova-Institute (Hürth, Germany).

The global bioplastics production capacity is set to increase significantly from around 2.23 million tons in 2022 to 6.3 million tons in 2027. Bioplastic alternatives exist for almost every conventional plastic material and corresponding application. Due to a strong development of polymers, such as PHA (Polyhydroxyalkanoates), polylactic acid (PLA), biobased PAs (polyamides) as well as a steady growth of biobased Polypropylene (PP), the production capacity will continue to increase significantly and diversify within the next 5 years.

Packaging remains the largest field of application for bioplastics with 48 percent (1 million tonnes) of the total bioplastics market in 2022. The data also confirms that bioplastic materials are already being used in many other sectors, and the portfolio of applications continues to diversify. Segments, such as automotive and transport, agriculture and horticulture as well as electrics and electronics continue to increase moderately in their relative share over the next years.