Biobased plastic packaging is capturing market share from traditional petroleum-based plastic packaging. With a number of technologies available or under development, biobased plastic packaging could eventually dominate.
There’s no doubt bioplastics is a growth area. “For example, the biobased polyethylene terephthalate (PET) market is predicted to grow at a compound annual growth rate of 68.25% until 2019, per…[Technavio’s] report, Global Biobased Polyethylene Terephthalate (PET) Market 2015-2019,” says Patrick Krieger, assistant director of regulatory and technical affairs at SPI: The Plastics Industry Trade Association, Washington, DC.
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.