2024 Market Data Report published by European Bioplastics

News- European Bioplastics (Berlin, Germany) presented its 2024 edition of the market development update during the EBC24

taking place in Berlin, Germany. The report confirms the continuous growth of the global production capacities of bioplastics.

Overall global plastics production continues to rise steadily. This development is driven by rising demand combined with the emergence of ever more sophisticated applications and products. In line, the global bioplastics production capacity is set to increase significantly from around 2.47 million tonnes in 2024 to approximately 5.73 million tonnes in 2029, as the report shows.

Bioplastics are used for an increasing variety of applications, ranging from packaging and fibres to consumer goods, automotive, and agricultural products. Packaging remains the largest market segment for bioplastics with 45 % (1.12 million tonnes) of the total bioplastics market in 2024.

Ref: www.european- bioplastics.org

Dec.10  2024

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