The Industry Trend Analysis and Perspectives of Bioplastics

바이오 플라스틱의 산업동향과 전망

Recently, the research paradigm for plastics has been moved from petrochemical polymers to either biodegradable plastics, bioplastics, produced from plant-derived raw materials or both. Bioplastics are highlighted as materials to solve the environmental regulations from petrochemical dependence and applied to many fields such as vehicles, electronics, architectures and commodities etc. Although bioplastics have begun to achieve some degrees of commercial success, the industry is still in an embryonic stage. For bioplastics, the market will continue to evolve as products become more widely available and their performances are improved closely to those of the conventional polymers such as PE, PP, PET and PS. According to Frost & Sullivan Report (Global Bio-based Plastics Market), it is expected that bioplastic market and CAGR at 2014 be approximately $ 2.1 billion and 21.2%, respectively. For bioplastics industry, market success will depend mostly on lowering production costs and performances to compete with those of conventional polymers.