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