Biodegradable plastics industry growth around the world

Global biodegradable plastics industry high-speed growth, according to market-research firm Markets& Markets in the latest study, by 2019, the market value of biodegradable plastics industry to 13. Average annual growth of 01% growth to 34. 7. 7 billion dollars. Before this, TechSciResearch firms are also called 2019 European biodegradable plastics market opportunity forecast report, from 2014 to 2019 the biodegradable plastics market is expected to grow by an average annual growth rate of 12%. Biodegradable plastics usher in rapid development. After the concept of biodegradable plastics is fired, but the application has not been swift. Policy of good demand of biodegradable plastics is mainly used in packaging, fiber, agriculture, injection molding, and other fields, the most widely used in the packaging industry, in 2013 accounted for about 60% of the total market, food packaging requirements and accounts for more than 70% biodegradable plastic packaging market share; Is biodegradable plastic injection molding application market demand growth in the main engine. Now in Europe and the region is a key market for biodegradable plastics. According to statistics, in 2013, biodegradable plastics in Europe and North America accounted for 54% of the world and 28% respectively. In the first half of this year by the European parliament's environment committee draft about cutting down on one-time light plastic bag usage. Draft proposal 28 eu member states in accordance with the two-step way, to reduce the use of plastic bags, in order to achieve 2019 ultra-thin plastic bags usage's target of 80% lower than in 2010. This resolution is expected to greatly boost the biodegradable plastics market demand, in the next five years is expected to create tremendous growth opportunities for manufacturers. Retailers to intensify guide global retailers of consumer guide, also for the development of biodegradable plastics market played a role. In the first half of this year, the Brazilian retail giant DrogariaAraujo company CardiaBioplastics company signed a contract with the Austrian biological plastic bag manufacturer to buy 1. 25 million creature plastic shopping bags instead of paper bag before use. DrogariaAraujo is Brazil's fourth largest retailer, with 120 retail stores, receiving 38 million customers every year. The contract not only provides CardiaBioplastics with $400000 worth of orders, but also to the further development of biodegradable plastics in the Brazilian market laid the foundation. In addition, many retailers in the United States and Canada by to use environmentally friendly packaging customers some discounts, support the promotion of biodegradable plastic packaging. Producers actively the development of new technology with the development of the society and the continuous improvement of people environmental protection consciousness, environmental protection way production and packaging food for consumers in general, also make the producers to realize biodegradable plastics market huge business opportunities. Dupont, cargill, basf and other well-known chemical manufacturers constantly, in the form of mergers and acquisitions, joint ventures into the market. As biodegradable plastics is one of the important suppliers in the world, China accounts for about 20% of global production capacity. From 2009 to 2013, average annual growth rate of more than 21% biodegradable plastics production capacity, China, as more companies to biodegradable plastics new or expansion of the project, production capacity will continue to improve. At the same time, the biodegradable plastics production technology mature, also gradually to reduce costs. Cargill's NatureWorks company recently made a major breakthrough in the production of biodegradable plastics product, a 60% reduction in carbon dioxide emissions of the original process, energy consumption reduced by 30%. NatureWorks, according to new products & other; Satisfy the market for plastic and fiber products both functional and environmental protection requirements, also make the company a big step forward in the environmental protection & throughout; 。 Application field expands the research and development of biodegradable plastic expand the application field. In addition to the traditional field of biodegradable plastics also gradually adopted by non-traditional applications, such as 3 d printing, drug delivery system and medical implants. TechSciResearch research director Karan Chechi said: the end user industries, including packaging, agriculture and textile industry, the demand for biodegradable plastics in significant growth. Other industries on the use of biodegradable plastics is increasing, especially in European countries, such as medical implants and drug delivery system. In terms of plastic surgery, biodegradable plastics in joint replacement, fracture fixation plate, bone defect filler, artificial tendon and ligament and bone cement and so on have been widely used. Recognize the advantages of biodegradable plastics, a growing number of research institutions to the application of the product promotion. With the progress of broaden, related technology in the field of application and the increase in demand, the global biodegradable plastics industry showed rapid growth trend.