Market & Feasibility Research Assistance on Bioplastics
From EAI, a leader in renewable energy/cleantech research & consulting
With increasing concerns over the use of plastics, sustainable alternatives to plastics are increasingly in demand. Biopolymers in general and bioplastics in particular, present one such sustainable alternative. In this context, bioplastics have attained prominence as they are one of the few scalable and commercially feasible alternatives to a wide range of plastics.
Products and solutions based on bioplastics/biopolymers present interesting opportunities globally. Opportunities are present across a variety of industrial sectors that include packaging, water, beverages, insulation materials, specialty materials and more.
The key factor driving the bioplastics market is the need for more eco-friendly and less polluting materials. Other drivers include volatile fossil fuel prices and the need for companies to decrease their carbon footprint across their entire business value chain. The demand for bioplastics has been gradually increasing due to its renewability and availability of raw material, advanced functionality and technical properties, and the recycling options at least some of them present.
The global bioplastics production capacity is set to increase from around 4.2 million tonnes in 2016 to over 6 million tonnes in 2021. Packaging remains the largest fields of application for bioplastics with almost 40 percent (1.6 million tonnes) of the total bioplastics market in 2016.
While it is on the ascendancy, bioplastics still constitute less than 1% of the total plastics market. This is because of challenges related to high costs, uncertainties in processing, lack of technological advancement for production, low competitive edge over alternatives, and of course, lack of customer awareness.
Thus, as with most emerging opportunities, bioplastics present a promising future but with challenges on the way. Hence, a balanced understanding of the opportunities the sector promises along with its inherent challenges is needed before investment decisions can be made.
If you are an investor or a key stakeholder keen on getting an expert market and feasibility study done for bioplastics, whom can you approach?
This is where EAI’s Outsourced Research Assistance on Bioplastics comes in.
So, if you are looking to outsource customized research on bioplastics, you should be talking to us.