European Bioplastics (EUBP) has presented a positive outlook for the global bioplastics industry at the 17th EUBP Conference, with the global capacity of bioplastic production expected to increase by 4.7 million tonnes between now and 2027.
Overall plastic production is said to have slowed in 2020, which is largely attributable to the impact of the COVID-19 pandemic. However, according to market data compiled in cooperation with nova-Institute, the 2.23 million tonnes of plastic produced in 2022 is set to increase to around 6.3 million tonnes in 2027.
Biome Technologies plc is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.