Biological plastic refers to the starch and other natural substances based on the role of microorganisms generated under the plastic. It is renewable, so very environmentally friendly. At present, many countries have carried out relevant research.
It is reported that the global bio-plastics market will grow rapidly, with an expected annual growth rate of 8% -10%, from $ 1 billion in 2007 to $ 10 billion in 2020. New applications in the automotive and electronics industries will drive growth in demand for bio-plastics, although packaging will still dominate market position, with its share expected to fall by 40 percent in 2025 in 2007 from 65 percent in 2007. By 2025, Asia will be the leader in the bioplastics market, accounting for 32% of the market share, followed by Europe accounted for 31%, the United States accounted for 28%. Asia will dominate the market leading position mainly based on transgenic plants that will get rapid development. In 2007, bio-plastics accounted for about 10% -15% of the plastic market, is expected to reach 25% -30% by 2020. Will mainly benefit from the improvement of bioplastics technology performance, technological innovation will expand in the automotive, medical and electronics industry applications.
At present, in the global agricultural area of 5 billion hectares, bioplastics depend only on about 0.01% of the agricultural area. BCC research shows that from 2015 to 2020, bio-plastic production will grow 272%, bio-plastics production from 2015 to 2020 may be an increase of 271%, which means that by 2020, bio-plastics may consume Global agricultural area of about 0.04% of agricultural products (000061).
The growing popularity of bioplastics known as “drop-ins” is an important industry trend that is comparable to the chemical effect of petroleum-based plastics that it replaces. But because it does not need to change the existing equipment, more easily accepted by customers, and products can be recycled, so won the favor of large packers. Although a variety of specific bioplastics performance vary widely, but compared to petroleum-based plastic, bio-plastic thermal performance is weaker. Therefore, according to the BCC study, the future of bio-plastics and petroleum-based plastic composite applications for durable products will be more and more.
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