The biopolymers market growing at a compound annual growth rate of 14.5% is expected to generate global revenue of 3,668.6 million US dollars by 2018. It’s what emerges from the new Report on “Biopolymers/Bioplastics Market by Type (Bio PET, Bio PE, PLA, PHA, Bio PBS, Starch Blends, and Regenerated Cellulose), by Application (Packaging, Bottles, Fibers, Agriculture, Automotive, and Others) & by Geography – Trends & Forecasts to 2018” published by Research and Markets, the Irish company which is the leading source for international market research and market data.
Waste can be base of new bioplastics. There are many waste resources hidden in our communities. Municipal solid waste (MSW), agricultural residues and sewage sludge from water treatment plants contains lots of reusable carbon fractions. To recover them means recovering a valuable product as well as preserving the environment. The European Commission is working in order to develop the Synpol (“Biopolymers from syngas fermentation”) project, that is funded under the Food, agriculture and fisheries, and biotechnology Theme of the EU’s Seventh Framework Programme (FP7) to the tune of € 7.5 million.