Driven by biopolymers such as PLA and PHAs, packaging remains the largest field of application for bioplastics with almost 60% of the bio-based, biodegradable plastics market.
Bioplastics are flourishing. An annual market data update, presented Nov. 29 by European Bioplastics (Berlin) at the 12th European Bioplastics Conference in Berlin, confirm a global bioplastics industry experiencing high, stable growth.
“The global market for bioplastics is predicted to grow by 20% over the next five years,” says François de Bie, Chairman of European Bioplastics. “The transition to a low-carbon and circular economy, stronger policy support for the bioeconomy, and an increased consumer awareness for sustainable products and packaging are driving the expansion”
Biome Technologies plc (LON:BIOM) 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.
