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Bioplastics market data

Currently, bioplastics represent about one percent of the more than 359 million tonnes of plastic produced annually. But as demand is rising, and with more sophisticated biopolymers, applications, and products emerging, the market for bioplastics is continuously growing and diversifying.

According to the latest market data compiled by European Bioplastics in cooperation with the research institute nova-Institute, global bioplastics production capacity is set to increase from around 2.01 million tonnes in 2019 to approximately 2.43 million tonnes in 2024.

Biodegradable plastics altogether, including PLA, PBS, PHA, starch blends and others, account for over 55.5 percent (over 1 millions tonnes) of the global bioplastics production capacities.

Bioplastics are used in an increasing number of markets, from packaging, catering products, consumer electronics, automotive, agriculture/horticulture and toys to textiles and a number of other segments. Packaging remains the largest field of application for bioplastics with more than 53 percent (1.14 million tonnes) of the total bioplastics market in 2019. However, the portfolio of application continues to diversify. Segments, such as automotives & transport or building & construction, significantly increased their share.

Europe strengthened its position as a major hub for the entire bioplastics industry once again; it ranks highest in the field of research and development and is the industry’s largest market worldwide. By now, one fourth of the global bioplastics production capacity is located in Europe.

However, with a view to the actual production of bioplastics and regional capacity development, Asia continues to be the major production hub. In 2019, 45 percent of bioplastics were produced in Asia. At the same time, production in the Americas has also increased.

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