26 Apr 2018

Technavio: Global Bioplastics and Biopolymers Market – Emergence of Bio-based and Renewable Raw Materials to Boost Growth

New market research report examines global bioplastics and biopolymers market from 2018-2022

Bildschirmfoto 2018-04-20 um 11.53.40

Technavio has published a new market research report on the global bioplastics and biopolymers market from 2018-2022. (Graphic: Business Wire)

Technavio market research analysts forecast the global bioplastics and biopolymers market to grow at a CAGR of nearly 13% during the period 2018-2022, according to their latest report.

This market research report segments the global bioplastics and biopolymers market into the following end-users (packaging and consumer goods), types (bio-PE, bio-PET, PLA, and biodegradable starch blends), and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio analysts highlight the emergence of bio-based and renewable raw materials as a key factor contributing to the growth of the global bioplastics and biopolymers market:

Emergence of bio-based and renewable raw materials

The global biopolymers market is anticipated to amass benefits from the use of bio-based raw materials such as starch and vegetable crop derivatives. The dependence on petroleum-based plastics is slowly decreasing with the increased use of bioplastics in numerous applications such as packaging and domestic goods. But, these sources are expected to get exhausted in the next 30 to 40 years. Although new bio-based products, which reduce greenhouse gas (GHG) emissions are preferred, the process and product are required to be time and cost-effective.

A key challenge faced by the petroleum-dependent industries is the volatile prices that can be overcome by the establishment of well-developed, self-sufficient, and state-of-the-art integrated bio-refineries. The effective use of biomass such as grass, trees, plants, and other organic materials such as animal meat and other tissues, which decompose by the activities of microorganisms will help in building a bio-based economy. This has led to the shift in the preference of plastic manufacturers toward the production of biopolymers based on renewable sources.

According to a senior analyst at Technavio for plastics, polymers, and elastomers, “The raw materials used in the production of biopolymers are renewable in origin and are available in abundance across the globe when compared with petroleum and fossil-based raw materials. Thus, the global outlook for bio-based raw materials for polymers is significantly more positive than that of petroleum-based raw materials.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global bioplastics and biopolymers market segmentation

Of the two major end-users, the packaging segment held the largest market share in 2017, accounting for nearly 49% of the market. This segment is anticipated to witness steady growth during the forecast period.

EMEA was the leading region for the global bioplastics and biopolymers market in 2017, accounting for a market share of more than 38%. This region is anticipated to dominate the market through the forecast period.

(Source: news.bio-based.eu/technavio-global-bioplastics-and-biopolymers-market-emergence-of-bio-based-and-renewable-raw-materials-to-boost-growth/)

24 Apr 2018

Thought-provoking report says UK is well placed to lead the way in developing bioplastics

The UK has an opportunity to lead the way in tackling global plastic waste by becoming a world leader in bioplastics, according to a new report titled Bio-based & Biodegradable Plastic in the UK.

The report by bioeconomy consultants NNFCC concludes that recycling alone is insufficient, and bioplastics – plastics made from plants instead of oil, many of which are biodegradable - are crucial to addressing the waste problem. It also shows that solving this global problem represents a significant economic opportunity for the UK.

The plastics challenge

Plastics have many advantages – they are lightweight, durable and easy to shape – so are critical to industries from packaging to cars and planes. But they come at huge environmental cost: requiring 3.5 million tonnes of oil every year for production in the UK, taking centuries to decompose, creating landfill, polluting oceans and blighting landscapes.

Recycling is widely advocated as the solution, but the report highlights the limits of this approach. Although most plastics can be recycled in theory, the majority are not. Some 50% of plastic packaging items don’t have viable recycling pathways[1]. Food packaging needs to be cleaned before recycling which is often not possible (street food, music festivals, etc). Despite best efforts to promote recycling, plastic continues to enter and damage natural and marine environments.

The report also rejects calls for an outright plastics ban, which would see them replaced with traditional materials such as glass. It cites calculations that replacing plastic with such materials would increase EU greenhouse gas emissions by 61%, largely due to costs of transporting more weight.

It concludes that a shift to plastics produced from renewable materials and designed to be biodegradable, would address the environmental problems with plastics while retaining their benefits.

A global solution driven by a UK economic opportunity

The report argues that the UK is well placed to lead the way in developing bioplastics to alleviate this pressing challenge. It also shows that it is strongly in its economic interests to do so. With the right support from government and industry, bioplastics could create 34,000 jobs and contribute £1.92 billion to the UK economy in the next decade[2].

The UK has a captive market. It is the fourth largest consumer of plastics in Europe, and a major plastics exporter, with many of its customers already demanding alternatives.

It also has the skills to innovate in bioplastics thanks to a decade of investment in its world leading universities and companies at the cutting edge of biotechnology. The plastics industry is a major UK employer – skills and capabilities that easily transfer to bioplastics production.

Further, the report is clear that the UK has sufficient waste biomass from agriculture to sustain a thriving bioplastics industry.

Adrian Higson, Lead Consultant Bio-based Products, at NNFCC says: “Bio-based plastics are far less carbon-intensive than oil-based plastics. Because they are produced from plants that have sequestered atmospheric carbon dioxide during their growth, they can help reduce CO2 emissions associated with oil-based plastics.

“With the right investment in scaleup facilities, the UK could be the world leader in plastics, only this time it would export sustainable, biodegradable plastics, that help alleviate plastic waste.

“Bio-based plastics are ripe for innovation. If the UK doesn’t capitalise on the opportunity, UK manufacturers will become reliant on foreign imports for bioplastics.”

Seizing the opportunity

Thanks to investment in research, many bioplastics now have comparable functionality to oil-derived plastics. To turn innovative ideas into sustainable solutions, the report asserts that UK government support is needed for the transition of the UK’s ground-breaking R&D into industrial scale production. This includes effective policy, new open access production scale-up facilities, and support to attract private investment in bioplastics. This makes bioplastics cost-competitive and therefore encourage the adoption of greener alternatives.

This has many economic and environmental advantages: reducing plastic waste in oceans and the natural environment, reduction of CO2 emissions associated with oil- based plastics, growth of a globally important industry in the UK, and job creation in Britain’s industrial heartland. The UK already aims to achieve zero avoidable plastic waste by the end of 2042, bioplastics are crucial in achieving this.

Paul Mines, CEO of Biome Bioplastics, a UK company developing ‘intelligent, natural plastics’, was consulted in the development of the report. 
“Reducing plastic waste is a global imperative and it’s encouraging that demand for cleaner alternatives is now being driven by the public, thanks to widespread publicity in popular media about the damaging impact of plastics on the environment,” he said. “The UK is well placed to meet this demand given that it is a world leader in bioplastics research and early stage demonstrations. If government and industry collaborate effectively, this has the potential to scale to meet industrial level demand.”

(Source: www.bioplasticsmagazine.com/en/news/meldungen/20180419Thought-provoking-report-says-UK-is-well-placed-to-lead-the-way--in-developing-bioplastics.php)