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Biomaterials China News 1307 – New Research Available
Date:10/21/2013

t its price is on the decline. According to the European Bioplastics Association, the global capacity of biodegradable plastics increased from 514,000 t/a in 2011 to 637,000 t/a in 2012, a increase of 28.39%. It is estimated that the global production capacity of biodegradable plastic will reach 776,000 t/a in 2013 and may reach 1,646,000 t/a by 2016. Meanwhile, the market demand for biodegradable plastics rises year by year and its growth rate is always seen higher than that of the production capacity. Besides, the price of biodegradable plastics is on the decline along with the accelerating industrialization, such as PLA (polylactic acid, the most popular biodegradable plastics), PBS, etc. Take PLA for example, the domestic price has sharply dropped to about USD 4,350/t (ex-factory price) in May 2013 through mass production. Furthermore, with the development of PLA film processing technology, the price gap between PLA and petroleum plastics will reduce.

The usage of biodegradable plastics will expand further in general products due to the recent developments as most of the global leaders in this area are developing better strategies. The European Union, the US, and Japan all possess a relatively sound system for environmental protection. For example, Germany exempted the recycling obligations and taxes of enterprises who are engaged in the production and sales of biodegradable plastics, while France and Spain have carried out a ban on the sales of PE (polyethylene) packaging bags from Jan. 1, 2013. Meanwhile, some developing countries like China are also actively promoting the applications of biodegradable plastics. For example, Hainan and Guangdong provinces in China jointly established the Bio-plastics Industry Alliance on June 3, 2013. Thus, it is estimated that biodegradable plastics will enjoy a broad market prospect. Although the current market share of biodegradable plastics is less than 1%, it's demand is increasing annually by 15%.

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