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NanoMarkets' Latest Report Forecasts The Bio-Plastics Market Through 2020

The consumption of bio-plastics by the packaging industry will amount to 1.3 billion tons in 2013; almost 75 percent of bio-plastics shipped.  Packaging will still hold a 65 share of the bio-plastics market as late as 2020.  For plastic bottles, bio-PET is expected to replace fossil-based plastics entirely and PLA foamed structures are expected to take a noticeable share of the food container segment.

The other big bio-plastics opportunity lies in the automotive segment, which is expected to consume just 75 million tons of bio-plastics in 2013 but more than 10 times that amount in 2018.  Bridgestone and Cooper Tire are developing bio-plastic tires and bio-based butadiene tires will be retailing by 2014.  Mitsubishi is doing R&D work on bio-plastics for automotive interior parts. Bio-plastics that are expected to be used in the automotive segment include PLA blends, bio-PA, bio-PE, and bio-PET.

Bio-plastics product is shifting to Asia and South America, closer to where feedstocks are grown. By 2020 nearly 80% of bio-plastics will be produced in these regions.  Chinese companies are already making bio-plastics and firms such as Arkema and BASF are investing in the Chinese bio-plastic sector.  Chinese domestic consumption for bio-plastics will also grow rapidly, but will be constrained by Chinese government concerns with using food crops for feedstocks.

About NanoMarkets:

NanoMarkets tracks and analyzes emerging markets in advanced materials. The firm is the recognized leader in industry analysis and forecasts for a variety of functional plastics-related markets.

Visit  http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.

SOURCE NanoMarkets

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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