Biodegradable Films Have Broad Application Prospects And Huge Market Space

- Jan 30, 2020-

PLA Biodegradable film is also called Green Plastics. It can be decomposed by natural microorganisms, and finally converted into water and carbon dioxide. Japan, the United States, Europe and other countries are strengthening the research and development of biodegradable plastics. According to the statistics of the European Biodegradable Plastics Association, the global biodegradable plastics production capacity in 2005 was about 300,000 metric tons. According to the expansion or new construction plans announced by the manufacturers, it is estimated that the global production capacity will increase to 500,000 metric tons in 2006-2008. By 2010, it is estimated that the production scale will be 850,000 metric tons. IPTS (Institute for Prospective Technological Studies) is optimistic about the market for biodegradable plastics. Without government policy support, it is estimated that European production capacity will be 500,000 metric tons in 2010, 875,000 metric tons in 2020, and global production capacity will be 1.275 million in 2010 Metric tons, 2.2 million metric tons in 2020; if government policies support it, production capacity is expected to double and increase. It is estimated that Europe will reach 1.75 million metric tons in 2020 and 4.175 million metric tons worldwide.

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In terms of market demand, in 2005, the European market was about 40,000 to 50,000 metric tons, Asia was about 10,000 to 10,000 metric tons, and the United States was about 10,000 to 10,000 metric tons. The annual growth rate was about 20-30%. In the packaging and film, future applications in the automotive, electronics, and consumer goods fields are expected.