During the 9th European Bioplastics Conference in Brussels, it has been confirmed that the company is planning new trends for swift growth. According to the statement of the CEO of the European Bioplastics, Francois de Bie, the market is supposed to catch growth by over 400 percent in the mid-term. Further he states that new markets are also getting chances for elaboration through every big and small thing such as functional sports garments and fuel lines. In this way, Asia will expand its role in the form of the leading production hub. Moreover, the recently planned projects have been planned for implementation in India, Thailand and China. That’s how; up to 75 percent of bioplastics production will take place in the continent till 2018.
Read more about this news here at – http://en.european-bioplastics.org/wp-content/uploads/2014/pr/EuBP_market_data_bioplastics_2013.pdf
According to the compiled data of IFBB, Institute for Bioplastics and Biocomposites and the Nova Institute, Germany, the capacity of bioplastics production has been projected to increase up to 6.7 million tonnes till 2018. In this entire scenario, PLA has become one of the leading growth drivers in the world of bio-based plastics. Apart from all this, decrease in the growth of textiles and automotive applications has been seen. Francis stated that the company is looking for the consideration and gaining efficiency of quick economical growth out from the bioplastic industry.
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