{"id":52972,"date":"2018-05-24T07:26:27","date_gmt":"2018-05-24T05:26:27","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=52972"},"modified":"2018-05-22T13:11:38","modified_gmt":"2018-05-22T11:11:38","slug":"new-report-says-bioplastics-will-outpace-the-economy-as-a-whole","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/new-report-says-bioplastics-will-outpace-the-economy-as-a-whole\/","title":{"rendered":"New report says bioplastics will outpace the economy as a whole"},"content":{"rendered":"

\"wImage.php\"In a Plastics Market Watch report<\/a> released 10 May, entitled Watching: Bioplastics \u2013 the Plastics Industry Association (PLASTICS) reports bioplastics are in a growth cycle stage and will outpace the economy as a whole.<\/strong><\/p>\n

New investments and entrants in the sector and new products and manufacturing technologies are projected to make bioplastics more competitive and dynamic.<\/p>\n

The report finds growing interest in bioplastics, but also a continued need for education. According to a survey PLASTICS conducted of U.S. consumers in January 2018, more consumers are \u201cfamiliar\u201d or \u201csomewhat familiar\u201d with bioplastics compared to a survey conducted just two years ago; 32 percent of consumers are familiar with bioplastics in 2018 compared to only 27 percent in 2016. The PLASTICS survey also indicated 64 percent of consumers would prefer to buy a product made with bioplastics \u2013 and expect to see bioplastics in disposable plastic tableware, plastic bags, food and cosmetic packaging, and toys.<\/p>\n

As bioplastics product applications continue to expand, the growth dynamics of the industry will continue to shift. Looking at industry studies on market segmentation, packaging is the largest segment of the market at 37 percent followed by bottles at 32 percent. Growth opportunities in bioplastics manufacturing are expected to continue from the demand and supply side. While in the past growth in bioplastics was primarily driven by higher petrol-based polymers, changes in consumer behavior will be a significant factor for higher demand of bioplastics.<\/p>\n

\u201cChanges in U.S. tax policy, particularly the full expensing of capital expenditure, should support research and development in bioplastics. The overall low cost of energy in the U.S. complements nicely with research and development activities and manufacturing, which generates a stable supply of innovative bioplastic products,\u201d said Perc Pineda, PhD, chief economist at PLASTICS.<\/p>\n

The research and partnerships with bioplastics is exemplified by the efforts to develop a 100 percent biobased PET (Polyethylene Terephthalate) bottle. Most PET bottles currently have approximately 30 percent biobased material, but a number of companies and collaborations are working to develop and launch, at commercial scale, a PET plastic bottle made from 100 percent biobased material.<\/p>\n

Despite the industry\u2019s embrace of bioplastics and their expanding presence in a wide range of products, PLASTICS\u2019 Pineda noted, \u201cA high percentage of surveyed respondents believe they have not seen or used a product made from bioplastic — either biobased or biodegradable. Continuing to educate consumers on bioplastics would go a long way.\u201d<\/p>\n

The report is available for download to members and non-members.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a Plastics Market Watch report released 10 May, entitled Watching: Bioplastics \u2013 the Plastics Industry Association (PLASTICS) reports bioplastics are in a growth cycle stage and will outpace the economy as a whole. New investments and entrants in the sector and new products and manufacturing technologies are projected to make bioplastics more competitive and […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5838,5847],"supplier":[],"class_list":["post-52972","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-bioplastics"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/52972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=52972"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/52972\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=52972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=52972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=52972"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=52972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}