EUROPE EVER MORE PROTAGONIST IN WORLDWIDE BIOPLASTIC PRODUCTION.
The recent report by the German nova-Institute research centre, entitled “Bio-based Building Blocks and Polymers – Global Capacities, Production and Trends 2019-2024”, describes the production data for all biopolymers in the year 2019 and shows a forecast for 2024.
The total production volume of biopolymers grew by 3% in 2019 compared to the previous year and, according to research data, this average annual growth rate should continue until 2024.
In 2019, 3.8 million tonnes of biopolymers were produced, this value represents only 1% of the production volume of fossil-based polymers.
The largest production of biopolymers resides on the Asian continent. Indeed, in 2019 Asia was elected the leading region in the world for bio-based production capacity with 45%, Europe follows with 26%, North America with 18% and South America with 10%.
Over the next five years, Europe’s share is expected to rise to 31% – all other regions will face decreasing shares.
With an average annual growth rate of 7% expected between 2019 and 2024, Europe shows the highest growth in production capacity of bio-based biopolymers compared to other regions of the world.
This increase is mainly due to increased biobased production of PE, PP, PA, PHA, PEF and the growth of new casein polymers which are only produced in Europe.
A very favourable trend that will be important to monitor and exploit to the advantage of all companies operating in the European territory.