The production capacity for bio-based polymers boasts very impressive development and annual growth rates, with a compound annual growth rate (CAGR) of almost 20% in comparison to petrochemical polymers, which have a CAGR between 3-4%. The 5.1 million tonnes bio-based polymer production capacity represent a 2% share of overall structural polymer production at 256 million tonnes in 2013 and a bio-based polymer turnover of about €10 billion (5 Mio. t (production capacity) x 2.50 €/kg (estimated average bio-based polymer price) x 0,8 (capacity utilization rate).
There is a new partnership in the world bioeconomy. German Biotec GmbH and Japanese Kaneka Corporation signed a broad Joint Development Agreement for the application of biopolymers. Biotec develops and manufactures bio-based, biodegradable and compostable compounds under the trade name Bioplast. Kaneka is the producer of a 100% bio based and innovative PHBH polymer with the brand name Aonilex, which is new to the market. Both companies agreed to combine development resources to create new bio-based compounds for the application fields of pharmaceutical capsules, extrusion coated paper and cardboard, various other flexible and rigid films and packaging solutions.
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.