REPORT: Bioplastics industry shows dynamic growth.

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According to the report, global bioplastics production capacity is set to increase from around 2.1 million tonnes in 2019 to 2.4 million tonnes in 2024. Innovative biopolymers such as PP and PHAs are reportedly driving this growth. These polyesters are apparently bio-based, biodegradable, and feature a wide array of physical and mechanical properties. Production capacities of PP are set to almost sextuple by 2024, due, the report says, to the widespread application of PP in a wide range of sectors. The report goes on to argue that high-performance PP grades are an ideal replacement for several conventional fossil-based plastics, especially PE.

 

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