Nova Institute Represented its 2015 Update: A Farsighted Study on Biopolymers

Nova Institute, Germany has published a comprehensive market research in March, 2013. Now, this study has been updated in collaboration with reputed experts of bio-polymers from Asia, America and Europe. Now, this study is important for being a significant achievement and acclaiming to be the new standard for market studies in the field of bio-based polymers.

Carried out in collaboration with renowned international experts in the field of bio-based polymers from Europe, America and Asia, it was then hailed as a milestone achievement and acclaimed as a new standard for market studies in this field. The update of the report has been published in Feb, 2015 based upon the studies of all types of biopolymers and leading building blocks manufactured by over 200 companies all around the world. This study has been used as the leading data source of the European Bioplastics’ market data in 2014.

Read more about this market study here - http://www.bioplasticsmagazine.com/en/news/meldungen/20150121nova-Institute-updates-study.php

The whole report presents Nova Institute’s observations and findings in three categories – ‘market data’, ‘trend reports’ and ‘company profile’. In the ‘market data’ section of this report, overall production volume and efficiencies have been represented as well as the leading application fields of some important biopolymers have been described. Further, the ‘trend report’ section bears 10 different articles from renowned experts of biobased polymers and building blocks. Finally, the ‘company profile’ section involves full profile of the company with clear data about locations, projects, policies and production capacities.

The international market of bio-based plastics to discover quick economic growth soon

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.