SPI: Bioplastics market expected to grow by 17.3% annually

The global market for bioplastics currently stands at about EUR 640m and is estimated to reach EUR 1.3 bn in 2012, according to BBC Research (www.bbcresearch.com).

Translated into tonnage, this means that this particular market is expected to grow at 17.3% annually, from 245,000 t in 2007 to 545,000 t in 2012, more than doubling in volume. That is the prediction of the Bioplastics Council, a special interest group of the Society of Plastics Industry (SPI, Washington, District of Columbia / USA; www.plasticsindustry.org).

Responding to this rapid growth, the Bioplastics Council recently published a 26-page ioplastics Industry Overview Guide.�