In Europe, the European Bioplastics trade group projected that worldwide production capacity of bio-based polymer will triple from 5.7 million tonnes in 2014 to nearly 17 million tonnes in 2020. The data show a 10% growth rate from 2012 to 2013 and even 11% from 2013 to 2014. However, growth rate is expected to decrease in 2015. Consequence of the low oil price?
The third edition of the well-known 500 page-market study and trend reports on “Bio-based Building Blocks and Polymers in the World – Capacities, Production and Applications: Status Quo and Trends Towards 2020” was published last week, and includes consistent data from the year 2012 to the latest data of 2014 and the recently published data from European Bioplastics, the association representing the interests of Europe’s bioplastics industry. Bio-based drop-in PET and the new polymer PHA show the fastest rates of market growth. Europe looses considerable shares in total production to Asia. The bio-based polymer turnover was about €11 billion worldwide in 2014 compared to €10 billion in 2013.