Asia will produce up to 75 percent of bioplastic by 2018 as per predictions

The capacity of bio-based plastic production has been planned to hike up to 1.6 million tons in 2013 to about 6.7 million tons by 2018. As per the conclusion of the annual market data update of European Bioplastics, the market has been predicted for over 400 percent growth in the mid-term. The compiled data with respected scientific partners, IFBB and the Nova Institute, this result has been represented during the 9th annual conference of European Bioplastics in Brussels. According to the chairman of European Bioplastics, Francois de Bie, bio-based plastics such as PET (Polyethylene Terephthalate) and PE (polyethylene) are earning more profit in terms of productions.

Read more about the deal here - http://foodnewsinternational.com/2014/12/08/world-asia-us-invest-in-creating-market-ready-bioplastics-products-finds-report/

Bio-degradable and renewable plastics manufactured are supposed to be benefitted from the innovative EU directive in case of decreasing of shopping bags. PLA has become the leading growth booster for compostable and bio-based plastics. The recently developed projects have been planned for implementation on India, China and Thailand. Flexible and sturdy packaging has special role to play in the field of bioplastics. In this entire scenario, Asia will extend its role as a leading manufacturing hub. By 2018, over 75 percent of bioplastics will be manufactured in Asia. Surprisingly, despite of being active in research and development, Europe will remain behind with about 8 percent of production efficiencies.

NatureWorks and Northern Technologies International Corp announced collaboration on sales and marketing

An announcement by NatureWorks and Northern Technologies International Corp revealed that both of these companies are going to collaborate on sales and marketing of Ingeo in India and neighbor countries. Ingeo is an advance bioplastic hosting commercial utilization including flexible and strong packaging, personal care productions, textiles and appliances and electronics. The recent discovery regarding the use of this natural bioplastic is 3D printing. 

Initial sales and marketing deals are mainly focused on flexible packaging for food items and paper based packaging. NatureWorks and NatureTec will together work on projects leading to waste decrease projects with regulatory agencies.

Read more about the deal here – http://www.biomassmagazine.com/11305/natureworks-and-nature-tec-begin-sales-of-ingeo-in-india  

Northern Technologies is engaged in production and marketing of various kinds of biobased and degradable films, engineered plastics and rigid injection molded materials while Nature-Tech Pvt. Ltd. is leading sales and marketing of International Northern Technologies in India.

According to the Asia-Pacific Commercial Director of NatureWorks, selection of the best commercial partner only can bring success in a diverse and complicate market and in order to market Ingeo Products in India, respecting local customers and sharing same for own is the most important thing. Vineet Dalal, Vice President and Director of the Northern Technologies International’s Global Market Development agree with Rich.