In a recent study appropriately entitled ‘Bioplastics’, Cleveland-based industry market research firm The Freedonia Group explores the trends and developments in biopolymers from 2006 through 2016. The new study forecasts that U.S. demand for bioplastics will “climb at a 20% annual pace through 2016 to 550 million lb, valued at $680 million” and that “going forward, technical innovations that enhance the properties of bioplastics and lower their price will drive growth.”
The emergence of drop-ins – bioresins that are chemically identical to their conventional counterparts, such as bio-based polyethylene terephthalate (PET), polypropylene, and polyvinyl chloride (PVC) – are predicted to find rapid market acceptance, and will further spur the growth of this market.
Tags: soft drink industry, bio-based polyethylene, resin, sugar cane, corn shortages, soybean, food crisis, biofuel, non-food biomass, cellulosic technology
Source: Plasticstoday, 2012-08-10.